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Colony Bankcorp Reports Fourth Quarter 2025 Results Increases Quarterly Cash Dividend to $0.12 Per Share

CBAN
  • Colony Bankcorp, Inc. reported fourth quarter 2025 net income of $7.8 million ($0.42 per diluted share), up from $5.8 million in the third quarter 2025 and $7.4 million in the fourth quarter 2024.
  • Operating net income for the fourth quarter 2025 was $8.9 million ($0.48 adjusted earnings per diluted share).
  • Provision for credit losses increased to $1.65 million in the fourth quarter 2025 from $900,000 in the third quarter 2025.
  • Total loans excluding loans held for sale reached $2.38 billion at December 31, 2025, a $344.2 million increase from the prior quarter.
  • Total deposits grew to $3.07 billion at December 31, 2025, an increase of $483.2 million from September 30, 2025.
  • The primary driver for asset, loan, and deposit growth was the acquisition of TC Bancshares, Inc. ("TC Federal") which closed on December 1, 2025.
  • Mortgage production was $89.5 million with sales of $68.1 million in the fourth quarter 2025.
  • Small Business Specialty Lending closed $29.1 million in SBA loans \& sold $16.8 million in SBA loans during the fourth quarter 2025.
  • Net interest income on a tax-equivalent basis totaled $26.0 million for the fourth quarter 2025, compared to $20.6 million in the same period in 2024.
  • Net interest margin for the fourth quarter 2025 was 3.32%, up from 2.84% in the fourth quarter 2024.
  • Noninterest expense for the fourth quarter 2025 was $25.7 million, an increase driven by acquisition-related costs \& a wire fraud loss.
  • Nonperforming assets increased to $24.7 million at December 31, 2025, including additions from the TC Federal acquisition.
  • The allowance for credit losses was $23.0 million, or 0.97% of total loans, at December 31, 2025.
  • The Board of Directors declared a quarterly cash dividend of $0.12 per share on January 28, 2026, payable on February 25, 2026.
  • Colony Bankcorp repurchased 46,973 shares of common stock in the fourth quarter 2025 at an average price of $16.50 per share.
  • Total assets were $3.74 billion at December 31, 2025, an increase of $582.7 million from September 30, 2025.
  • Colony Bankcorp announced systems conversion to fully integrate TC Federal customers in the first quarter 2026.