Colony Bankcorp Reports Q1 2025 Earnings and Growth

Colony Bankcorp ( (CBAN) ) has released its Q1 earnings. Here is a breakdown of the information Colony Bankcorp presented to its investors.

Colony Bankcorp, Inc. is a bank holding company based in Fitzgerald, Georgia, offering a variety of banking services across Georgia, Alabama, and Florida, with a focus on traditional banking, mortgage lending, and specialized financial solutions.

In the first quarter of 2025, Colony Bankcorp reported a net income of $6.6 million, or $0.38 per diluted share, reflecting a slight decrease from the previous quarter but an increase from the same period last year. The company also declared a quarterly cash dividend of $0.1150 per share.

Key financial metrics for the quarter included a 4.25% increase in total loans to $1.92 billion and a 2.12% rise in total deposits to $2.62 billion. The net interest margin improved to 2.93%, while noninterest income saw a slight decline due to seasonal trends. The provision for credit losses increased to $1.5 million, reflecting a cautious approach amid market volatility.

Colony Bankcorp’s management expressed optimism about future growth, citing strong loan and deposit growth as a foundation for continued performance. The acquisition of the Ellerbee Agency is expected to enhance their insurance offerings, contributing to future revenue growth.

Looking ahead, Colony Bankcorp remains confident in its strategic initiatives and ability to navigate changing market conditions, supported by a solid capital position and ongoing efforts to build customer relationships.