Colony Bankcorp (CBAN)
NYSE:CBAN
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Colony Bankcorp
(NYSE:CBAN)
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Rating:62Neutral
Price Target:
$20.50
â–²(4.27% Upside)
Action:DowngradedDate:03/14/26
The score is driven primarily by solid financial performance (strong revenue and profitability, improving capital) but held back by weak and volatile cash flow and a softening return profile. Earnings-call guidance supports improvement in profitability and margins, while technical indicators remain weak in the near term. Valuation is a relative positive with a low P/E and a moderate dividend yield.
Positive Factors
Merger with TC Bancshares
The merger with TC Bancshares significantly enhances Colony Bankcorp's market position and service capabilities in key Southeast markets, potentially driving long-term growth and competitive advantage.
Negative Factors
Rising Operating Expenses
Increased operating expenses due to investments in talent and growth initiatives could pressure margins and reduce profitability if not offset by revenue growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Merger with TC Bancshares
The merger with TC Bancshares significantly enhances Colony Bankcorp's market position and service capabilities in key Southeast markets, potentially driving long-term growth and competitive advantage.
Read all positive factors
Colony Bankcorp (CBAN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$416.55M
Dividend Yield2.55%
Average Volume (3M)75.55K
Price to Earnings (P/E)10.6
Beta (1Y)0.93
Revenue Growth6.92%
EPS Growth26.93%
CountryUS
Employees443
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.48
Shares Outstanding21,166,315
10 Day Avg. Volume112,396
30 Day Avg. Volume75,549
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)0.84
Price to Sales (P/S)1.70
P/FCF Ratio-45.95
Enterprise Value/Market Cap1.42
Enterprise Value/Revenue3.11
Enterprise Value/Gross Profit4.57
Enterprise Value/Ebitda14.01
Forecast
1Y Price Target
$23.50Price Target Upside19.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.18
Revenue Forecast (FY)$167.50M
Colony Bankcorp Business Overview & Revenue Model
Company Description
Colony Bankcorp, Inc. operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers various deposit products, including demand, savings, and time d...
How the Company Makes Money
Colony Bankcorp primarily makes money through its banking operations. The largest driver is generally net interest income: it earns interest and fees on interest-earning assets (especially commercial and consumer loans and, to a lesser extent, inv...
Colony Bankcorp Earnings Call Summary
Earnings Call Date:Jan 28, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The call presented a largely constructive picture: management achieved key profitability targets (1.0% operating ROA for 2025), reported quarter-over-quarter margin and net interest income improvement, successful close of the TC Federal acquisition with better-than-expected deal economics, and meaningful growth in complementary businesses (AUM doubling, insurance referrals +20%). Near-term lowlights include elevated operating expenses and merger-related costs until the systems conversion is complete, elevated provisions/charge-offs concentrated in specific higher-risk product lines, and an increase in criticized/classified and nonperforming loans driven in part by the acquisition. Management expects most merger-related cost savings and expense improvements to materialize in Q2 2026 and is guiding to modest margin expansion and slightly lower organic loan growth (~8%) in 2026. Overall, the positives—successful acquisition execution, margin expansion, strong FY loan growth, and improvements in complementary businesses—outweigh the near-term integration and credit noise, with a path to realizing cost saves and continued profitability improvement.Positive Updates
Successful TC Federal Acquisition and Integration Progress
Legal close completed at beginning of December; systems conversion on track for Q1 2026. Management reports deal financial targets are on track or better than expected and projected cost savings and deal economics improved versus original modeling (earn-back now expected to be <2.5 years).
Negative Updates
Elevated Operating Expenses and Near-Term Merger Costs
Operating noninterest expenses were $24.4 million in Q4 and net noninterest expense to average assets was 1.58%, above historical averages. Management is carrying TC Federal-related expenses until systems conversion; merger-related expenses were cited at approximately $1.3 million for the quarter and a majority of cost saves are expected after conversion (targeting ~1.45% by Q2 2026).
Read all updates
Q4-2025 Updates
Positive
Negative
Successful TC Federal Acquisition and Integration Progress
Legal close completed at beginning of December; systems conversion on track for Q1 2026. Management reports deal financial targets are on track or better than expected and projected cost savings and deal economics improved versus original modeling (earn-back now expected to be <2.5 years).
Read all positive updates
Company Guidance
The company guided to steady improvement in 2026, targeting a 1.20% operating ROA on a quarterly basis beginning in Q2 2026 (and 1.20% for full-year 2026) after achieving a 1.00% operating ROA for fiscal 2025; core loan growth was 10.5% in 2025 (ex‑TC Federal) and 2026 organic loan growth is expected nearer the low end of the 8%–12% target (around 8%); net interest margin, which rose 15 bps to 3.32% in Q4 (net interest income +$3.2M QoQ, loan yield 6.19% vs. 6.15%), is projected to increase modestly (mid‑single digits each quarter) as cost of funds continues to fall (1.96% in Q4, down from 2.03% in Q3); operating noninterest income was $11.1M in Q4 and is expected to be slightly better in 2026, helped by mortgage activity (Q4 portfolio sale ~$10M with ~$108k gain and an expected $30M sale in Q1); operating noninterest expense was $24.4M in Q4 (net noninterest expense / average assets 1.58% with a target closer to 1.45% by Q2 2026 as merger cost saves are realized after the systems conversion); provision expense was $1.65M and net charge‑offs were $1.6M (SBA/marketplace loans ≈5% of portfolio); deposits excluding the acquisition grew ~$24.3M in Q4 and were flat YoY, investments with ~$65M rolling off in 2026 at a ~3.10% yield will reprice, and capital/return metrics include TCE of 8.30%, tangible book of $14.31 (from $14.24), AOCI improvement of ~$2.5M, share repurchases of 47k at $16.50, a quarterly dividend raised to $0.12, and expected merger earn‑back of under 2.5 years.Colony Bankcorp Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 186.11M | 176.62M | 160.55M | 126.56M | 106.88M |
| Gross Profit | 123.56M | 112.40M | 110.28M | 112.33M | 101.78M |
| EBITDA | 35.13M | 37.70M | 35.91M | 34.48M | 31.78M |
| Net Income | 28.25M | 23.87M | 21.75M | 19.54M | 18.66M |
Balance Sheet | |||||
| Total Assets | 3.74B | 3.11B | 3.05B | 2.94B | 2.69B |
| Cash, Cash Equivalents and Short-Term Investments | 411.12M | 64.84M | 432.72M | 453.14M | 957.14M |
| Total Debt | 268.43M | 248.04M | 238.44M | 203.35M | 88.45M |
| Total Liabilities | 3.36B | 2.83B | 2.80B | 2.71B | 2.47B |
| Stockholders Equity | 375.92M | 278.68M | 254.94M | 230.27M | 217.71M |
Cash Flow | |||||
| Free Cash Flow | -6.90M | 22.32M | 17.36M | 46.85M | 30.27M |
| Operating Cash Flow | -5.54M | 23.40M | 20.98M | 49.74M | 36.10M |
| Investing Cash Flow | 1.29M | 101.16M | -98.75M | -448.23M | -208.33M |
| Financing Cash Flow | -10.72M | 23.15M | 80.41M | 281.93M | 185.95M |
Colony Bankcorp Technical Analysis
Positive
19.66
Price Trends
19.62
Positive
18.37
Positive
17.43
Positive
Market Momentum
-0.11
Positive
51.04
Neutral
26.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBAN, the sentiment is Positive. The current price of 19.66 is below the 20-day moving average (MA) of 19.67, above the 50-day MA of 19.62, and above the 200-day MA of 17.43, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 51.04 is Neutral, neither overbought nor oversold. The STOCH value of 26.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CBAN.
Colony Bankcorp Risk Analysis
Colony Bankcorp disclosed 44 risk factors in its most recent earnings report. Colony Bankcorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Colony Bankcorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $317.23M | 8.21 | 9.62% | 3.57% | 10.93% | 42.68% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $394.56M | 13.73 | 7.79% | 5.43% | 5.76% | 21.85% | |
67 Neutral | $314.22M | 8.51 | 12.70% | 5.24% | 10.46% | 18.70% | |
67 Neutral | $341.13M | 9.72 | 13.35% | 2.63% | 11.98% | -10.12% | |
62 Neutral | $416.55M | 10.64 | 8.98% | 2.55% | 6.92% | 26.93% | |
56 Neutral | $293.69M | 9.19 | 10.77% | 3.17% | 4.43% | -12.94% |
* Financial Sector Average
CBAN
Colony Bankcorp
19.68
3.70
23.12%
CZNC
Citizens & Northern
22.03
2.80
14.54%
FNLC
First Bancorp
27.88
4.30
18.25%
PLBC
Plumas Bancorp
48.88
6.57
15.54%
FSBW
FS Bancorp
39.15
2.05
5.52%
PCB
PCB Bancorp
22.30
3.85
20.85%
Colony Bankcorp Corporate Events
Business Operations and StrategyExecutive/Board ChangesDividendsFinancial Disclosures
Colony Bankcorp Posts Strong Q4 Results, Raises Dividend
Positive
Jan 28, 2026
On January 24, 2026, Colony Bank renewed Chief Financial Officer Derek Shelnutt’s employment with a new two-year agreement that maintains him as CFO of both the holding company and the bank, sets a $300,000 annual base salary with performanc...
Business Operations and StrategyStock Buyback
Colony Bankcorp Extends Common Stock Repurchase Program
Positive
Dec 22, 2025
On December 18, 2025, Colony Bankcorp’s board of directors extended the company’s existing stock repurchase program, originally approved in October 2022 and previously extended in December 2024, allowing the company to continue buying ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.