Welcome to our dedicated page for Colony Bankcorp news (Ticker: CBAN), a resource for investors and traders seeking the latest updates and insights on Colony Bankcorp stock.
Colony Bankcorp, Inc. (NYSE: CBAN) is the bank holding company for Colony Bank, a commercial banking organization founded in Fitzgerald, Georgia in 1975. This news page aggregates press releases and market updates related to Colony Bankcorp, focusing on its banking operations, earnings announcements, capital actions and corporate developments.
Company news frequently covers quarterly financial results, including net income, net interest income, noninterest income, loan growth, deposit trends, asset quality metrics and capital ratios. Earnings releases often highlight performance in areas such as mortgage production and sales, Small Business Administration (SBA) lending activity through the small business specialty lending divisions, and fee income from services like insurance commissions and service charges on deposits.
Colony Bankcorp’s news flow also includes information about strategic initiatives and corporate actions. Recent items have detailed the signing and completion of a merger with TC Bancshares, Inc., the holding company for TC Federal Bank, expanding Colony Bank’s presence in Georgia and Florida markets. Related announcements describe shareholder and regulatory approvals, merger terms and the expected benefits of combining the two community banking franchises.
Investors and followers of CBAN can also find updates on the company’s stock repurchase program, equity distribution agreement for at-the-market offerings, and regular cash dividend declarations in its press releases and associated SEC Form 8-K filings. Announcements of upcoming earnings release dates and conference calls provide details on how to access management’s discussions of recent results.
By reviewing the news items linked to this page, readers can track how Colony Bankcorp communicates its financial performance, capital strategy, merger activity and leadership appointments over time, based solely on information the company has publicly released.
Colony Bankcorp (NYSE: CBAN) reported strong Q4 2024 financial results with net income increasing to $7.4 million ($0.42 per diluted share), up from $5.6 million ($0.32 per diluted share) in Q3 2024. Operating net income rose to $7.8 million ($0.44 per diluted share).
Total deposits increased by $43.0 million to $2.57 billion, while total loans decreased by $43.1 million to $1.84 billion. The company's mortgage production reached $76.9 million with sales of $51.4 million. The Small Business Specialty Lending division closed $22.2 million in SBA loans and sold $30.0 million.
The Board declared a quarterly cash dividend increase to $0.1150 per share, payable February 19, 2025. The company maintained strong capital ratios, with preliminary tier one leverage ratio at 9.50% and total risk-based capital ratio at 17.10%.
Colony Bankcorp (NYSE: CBAN) has announced key executive promotions and organizational changes to strengthen its leadership team. Ed Canup, former Chief Revenue Officer, has been promoted to Chief Banking Officer, bringing over 40 years of banking experience to oversee Commercial and Retail Banking. Daniel Rentz, with 15+ years at Colony, becomes Chief Information Officer, managing operations, innovation, and technology. Laurie Senn, with 20+ years of banking experience, has been elevated to Chief Administrative Officer, overseeing payments, HR, marketing, and process improvement.
Additionally, President D Copeland will take on expanded responsibilities supporting operations and growth, allowing CEO Heath Fountain to focus more on strategy and long-term vision. These changes aim to strengthen Colony's position as a sustainable, high-performing independent bank.
Colony Bankcorp (NYSE: CBAN) has scheduled its fourth quarter 2024 earnings release for Wednesday, January 22, 2025, after market close. The company will host a conference call to discuss the results on Thursday, January 23, 2025, at 9:00 AM ET.
Investors can access the call by dialing 1-800-549-8228 with Conference ID 71885. A replay will be available until January 30, 2025, via 1-888-660-6264 using passcode 71885#. Financial results and investor materials will be posted on the company's website under the Investor Relations section.
Colony Bankcorp (Nasdaq: CBAN) has announced its participation in the 2024 Hovde Group Financial Services Conference, scheduled for November 6th through November 8th. The company will be represented by CEO Heath Fountain and CFO Derek Shelnutt.
Investors and interested parties can access the conference presentation materials through Colony's website investor relations section at www.colony.bank prior to the event.
Colony Bankcorp (Nasdaq: CBAN) announced the transfer of its common stock listing from Nasdaq to the New York Stock Exchange (NYSE). The stock will begin trading on NYSE under the ticker symbol 'CBAN' on November 18, 2024, and will continue trading on Nasdaq until market close on November 15, 2024. CEO T. Heath Fountain stated this strategic move aims to drive greater long-term value for shareholders. The NYSE highlighted that Colony Bankcorp is the twentieth bank to transfer to their exchange since 2021.
Colony Bankcorp (CBAN) reported Q3 2024 financial results with net income of $5.6 million, or $0.32 per diluted share, up from $5.5 million in Q2 2024 but down from $5.8 million in Q3 2023. Total loans reached $1.89 billion, increasing $20.5 million from the previous quarter. Total deposits grew by $64.7 million to $2.52 billion. The company declared a quarterly cash dividend of $0.1125 per share. Mortgage production was $66.6 million with sales of $57.8 million, while SBA loans closed at $30.1 million with sales of $27.2 million in Q3 2024.
Colony Bankcorp, Inc. (Nasdaq: CBAN) has announced the appointment of Cissy Giglio as Director of Process Optimization. With over 35 years of banking experience, Giglio will lead efforts to enhance operational efficiency, streamline processes, and drive strategic initiatives supporting Colony's long-term growth objectives.
Giglio joins Colony from Synovus Bank, where she most recently served as Senior Director of Card Operations. Her previous roles include Senior Director of Operations, Director and Senior Manager of the Retail Lending Center, and Regional Retail Lead.
Heath Fountain, CEO of Colony, emphasized that Giglio's expertise will help maintain the company's positive trajectory in creating greater efficiencies and scaling for growth. Giglio holds a Bachelor and Master of Business Administration from Columbus State University and is actively involved in community service.
Colony Bankcorp, Inc. (Nasdaq: CBAN) has announced the schedule for its third quarter 2024 financial results release and conference call. The company will release its Q3 2024 financial results on Wednesday, October 23, 2024, after the stock market closes. A live conference call will be held on Thursday, October 24, 2024, at 9:00 AM ET.
Investors can access the conference call by dialing 800-267-6316 and using the Conference ID: COLONY3Q. Participants are advised to dial in 15 minutes before the call starts. A replay of the call will be available until Thursday, October 31, 2024, by dialing 800-839-8318. The financial results and investor presentation will be accessible on the company's website, www.colony.bank, under the Investor Relations section.
Colony Bankcorp (Nasdaq: CBAN) has announced its participation in the 2024 Janney Financial Services Conference. The event will take place in Washington D.C. on September 16th and 17th. Heath Fountain, CEO, and Derek Shelnutt, CFO, will represent the company at the conference.
Investors and interested parties can access the company's presentation materials on the Investor Relations section of Colony Bankcorp's official website, www.colony.bank, prior to the event. This conference provides an opportunity for Colony Bankcorp to showcase its financial performance and strategic initiatives to a broader audience of industry professionals and potential investors.
Colony Bankcorp (Nasdaq: CBAN) has announced its participation in the 25th Annual KBW Community Bank Investor Conference. The event is scheduled for July 30-31, 2024 in New York City. Heath Fountain, CEO, and Derek Shelnutt, CFO, will represent the company at the conference.
Investors and interested parties can access the presentation materials on Colony Bankcorp's website in the Investor Relations section. This conference provides an opportunity for Colony Bankcorp to showcase its performance and strategy to potential investors and industry analysts.