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Colony Bankcorp (CBAN)
NYSE:CBAN
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Colony Bankcorp
(NYSE:CBAN)
77Outperform
Colony Bankcorp (CBAN) vs. S&P 500 (SPY)
Market Cap
$269.57M
Dividend Yield2.94%
Average Volume (3M)78.25K
Price to Earnings (P/E)10.8
Beta (1Y)0.97
Revenue Growth6.61%
EPS Growth14.29%
CountryUS
Employees443
SectorFinancial
Sector Strength85
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.43
Shares Outstanding17,481,709
10 Day Avg. Volume50,069
30 Day Avg. Volume78,246
Financial Highlights & Ratios
PEG Ratio0.75
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.87
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit4.37
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Colony Bankcorp Business Overview & Revenue Model
Company DescriptionColony Bankcorp (CBAN) is a bank holding company headquartered in Fitzgerald, Georgia. It operates through its wholly-owned subsidiary, Colony Bank, which provides a range of commercial banking services to individuals and businesses across Georgia. The bank offers a variety of financial products and services, including personal and business banking solutions, commercial and mortgage loans, and wealth management services. Colony Bankcorp focuses on community banking by serving local markets and prioritizing customer relationships.
How the Company Makes MoneyColony Bankcorp generates revenue primarily through interest income from loans and investment securities, which forms the bulk of its earnings. The company also earns non-interest income through service charges on deposit accounts, fees for various banking services, mortgage banking activities, and wealth management services. Additionally, Colony Bankcorp benefits from strategic partnerships and initiatives that enhance its service offerings, such as collaborations with financial technology firms and community organizations. The company's profitability is influenced by factors like interest rate fluctuations, the economic health of its service areas, and its ability to manage credit risk effectively.
Colony Bankcorp Financial Statement Overview
Summary
Colony Bankcorp exhibits strong financial health with consistent revenue growth, robust operating margins, and a solid balance sheet. The absence of debt in 2024 and improved equity ratios point to prudent financial management. However, the decline in free cash flow growth suggests the need for closer monitoring of cash management strategies. Overall, the company is on a positive trajectory but should address cash flow sustainability.Income Statement
Colony Bankcorp has shown solid revenue growth over the years, with a noticeable increase in total revenue from 2020 to 2023. The EBIT and EBITDA margins are strong, reflecting efficient operations. However, the revenue for the latest period was not available, which limits the analysis for the current year's growth rates.85
Very Positive
Balance Sheet
The company maintains a healthy balance sheet with no debt in 2024, demonstrating financial strength. The equity ratio and return on equity have improved over the years, indicating effective management of shareholder funds. Despite these strengths, the absence of total debt in 2024 metrics complicates a full analysis of the debt-to-equity ratio.78
Positive
Cash Flow
Colony Bankcorp's cash flow statement reveals stable operating cash flow and a positive free cash flow in recent years. However, there is a notable decline in free cash flow from 2023 to 2024, which could indicate challenges in maintaining capital efficiency. The operating cash flow to net income ratio is favorable, suggesting effective cash conversion.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 115.45M | 160.74M | 115.70M | 102.48M | 79.49M | Gross Profit |
| 115.45M | 160.74M | 115.70M | 102.48M | 79.49M | EBIT |
| 41.41M | 27.21M | 33.72M | 23.15M | 14.63M | EBITDA |
| 0.00 | 31.11M | 34.48M | 31.78M | 20.49M | Net Income Common Stockholders |
| 23.87M | 21.75M | 19.54M | 18.66M | 11.81M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 392.09M | 83.32M | 453.14M | 1.15B | 564.32M | Total Assets |
| 3.11B | 3.05B | 2.94B | 2.69B | 1.76B | Total Debt |
| 248.04M | 238.44M | 203.35M | 88.45M | 60.29M | Net Debt |
| 221.99M | 213.11M | 182.77M | -108.78M | -123.21M | Total Liabilities |
| 2.83B | 2.80B | 2.71B | 2.47B | 1.62B | Stockholders Equity |
| 278.68M | 254.94M | 230.27M | 217.71M | 144.49M |
| Cash Flow | Free Cash Flow | |||
| 9.63M | 22.52M | 46.85M | 30.27M | -23.34M | Operating Cash Flow |
| 9.63M | 26.14M | 49.74M | 36.10M | -19.09M | Investing Cash Flow |
| 101.16M | -103.90M | -448.23M | -208.33M | -130.27M | Financing Cash Flow |
| -10.00M | 80.41M | 281.93M | 185.95M | 228.77M |
Colony Bankcorp Technical Analysis
Positive
15.42
Price Trends
15.92
Negative
16.21
Negative
15.60
Negative
Market Momentum
-0.13
Negative
53.33
Neutral
75.91
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 15.42 is above the 20-day moving average (MA) of 15.05, below the 50-day MA of 15.92, and below the 200-day MA of 15.60, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 53.33 is Neutral, neither overbought nor oversold. The STOCH value of 75.91 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 46 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
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $269.57M | 10.76 | 9.20% | 2.94% | 6.61% | 14.29% | |
75 Outperform | $280.55M | 10.05 | 8.00% | 3.89% | 14.10% | 11.76% | |
74 Outperform | $262.62M | 9.35 | 15.89% | 2.09% | 9.15% | -5.68% | |
71 Outperform | $245.94M | 9.32 | 12.74% | 4.58% | 152.82% | ― | |
69 Neutral | $275.21M | 14.94 | 5.60% | ― | 8.57% | 37.95% | |
63 Neutral | $12.37B | 9.56 | 7.95% | 79.17% | 12.62% | -5.26% | |
61 Neutral | $264.83M | 15.52 | 4.50% | 7.33% | 10.86% | -34.85% |
* Financial Sector Average
Performance Comparison
CBAN
Colony Bankcorp
15.59
5.07
48.19%
SFST
Southern First Bancshares
36.64
10.82
41.91%
FLIC
The First Of Long Island
11.64
2.83
32.12%
PCB
PCB Bancorp
19.85
5.87
41.99%
OBT
Orange County Bancorp
23.16
1.95
9.19%
LNKB
LINKBANCORP
6.74
0.39
6.14%
Colony Bankcorp Earnings Call Summary
Earnings Call Date:Apr 23, 2025
(Q1-2025)
| % Change Since: -0.26%|
Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive outlook with strong growth in loans and deposits. Despite a decline in noninterest income and market volatility concerns, the company has launched a new credit card program and completed an accretive acquisition. The highlights suggest a generally optimistic future, although some challenges remain.Q1-2025 Updates
Positive Updates
Strong Loan Growth
First quarter annualized loan growth was 17%, surpassing expectations. This was due to strong loan production and fewer payoffs than anticipated.
Increased Deposits
Deposits increased by 8.5% on an annualized basis, adding close to $55 million for the quarter.
Credit Card Program Launch
Successfully launched a new credit card program for both consumer and commercial markets, expected to generate significant noninterest income.
Net Interest Margin Improvement
Net interest margin increased by 9 basis points to 2.93%, up from 2.84% in the prior quarter.
EPS Accretive Acquisition
Announced the acquisition of Ellerbee Agency, which will be EPS accretive and strengthen the Insurance division.
Negative Updates
Decline in Noninterest Income
Operating noninterest income decreased by $1.7 million, largely due to decreased activity in the SBSL division.
Operating Net Income Decline
Operating net income declined by $1.1 million due to normal seasonal declines in noninterest income.
Market Volatility Concerns
Acknowledged recent volatility in equity and fixed income markets due to global trade uncertainties.
Company Guidance
During the Colony Bank First Quarter 2025 Conference Call, the bank reported a 17% annualized loan growth for the first quarter, which was higher than anticipated due to strong loan production and fewer payoffs. The net interest margin improved by 9 basis points to 2.93%, driven by increases in net interest income and a reduction in the cost of funds to 2.07%. Total deposits grew by $54.6 million with an 8.5% annualized increase. Despite a $1.7 million decline in operating non-interest income due to seasonal factors, the bank remains optimistic about future revenue opportunities, particularly in SBSL and mortgage pipelines. The acquisition of Ellerbee Agency is expected to be EPS accretive, contributing to the bank's strategic focus on growing noninterest income. The bank's effective tax rate was slightly over 20%, in line with previous guidance. Additionally, net charge-offs were $606,000, and non-performing assets stood at $12.4 million. The bank anticipates continued loan growth and is well-positioned for potential rate cuts, which could further improve the net interest margin.Colony Bankcorp Corporate Events
M&A TransactionsDividendsBusiness Operations and StrategyFinancial Disclosures
Colony Bankcorp Reports Q1 2025 Financial Results
Positive
Apr 23, 2025
Colony Bankcorp reported its first quarter 2025 financial results, highlighting a net income of $6.6 million, a slight decrease from the previous quarter but an increase from the same period last year. The company saw growth in loans and deposits, with total loans reaching $1.92 billion and deposits increasing to $2.62 billion by March 31, 2025. Despite a decrease in noninterest income, Colony Bankcorp remains optimistic about future revenue growth and has declared a quarterly cash dividend of $0.1150 per share. The company also completed the acquisition of the Ellerbee Agency, enhancing its insurance offerings. CEO Heath Fountain expressed confidence in the company’s strong financial position and strategic initiatives, despite recent market volatility.
Spark’s Take on CBAN Stock
According to Spark, TipRanks’ AI Analyst, CBAN is a Outperform.
Colony Bankcorp shows strong financial health with solid revenue growth and a healthy balance sheet. The technical indicators suggest caution due to recent bearish trends, but the valuation metrics indicate potential undervaluation. The earnings call provided a neutral yet optimistic outlook, supported by strategic corporate events that are likely to support growth. Overall, the stock is fairly attractive, though attention to cash flow management is advised.
To see Spark’s full report on CBAN stock, click here.
M&A TransactionsBusiness Operations and Strategy
Colony Bankcorp Acquires The Ellerbee Agency for Expansion
Positive
Apr 1, 2025
On April 1, 2025, Colony Bankcorp, Inc. announced the acquisition of The Ellerbee Agency, an Allstate appointed consumer property and casualty insurance agency. This acquisition, which expands Colony Insurance’s footprint with new locations in Monroe and Greensboro, Georgia, aligns with the company’s strategy for growth and community service. The Ellerbee Agency, led by industry veteran Sean Ellerbee, will enhance Colony Insurance’s team with experienced agents and strengthen its market position, offering new opportunities for improved services.
Executive/Board ChangesShareholder Meetings
Colony Bankcorp Director Edward Loomis to Retire in 2025
Neutral
Mar 19, 2025
Edward P. Loomis, Jr., a member of the Board of Directors of Colony Bankcorp, Inc., announced his decision not to stand for reelection at the 2025 Annual Meeting of Shareholders, effective May 22, 2025. Loomis, who served as President and CEO from 2012 to 2018, played a crucial role in steering the company out of recession and expanding into new markets. His retirement marks the end of a significant chapter for Colony, as his leadership was instrumental in stabilizing and guiding the bank forward. The company acknowledges his contributions to laying a strong foundation for its future success.
Executive/Board ChangesBusiness Operations and Strategy
Colony Bankcorp Expands Board with New Appointment
Positive
Feb 27, 2025
On February 26, 2025, Colony Bankcorp’s Board of Directors expanded from eight to nine members, appointing Paul Joiner, III, effective March 1, 2025. Joiner, with over two decades of experience in finance and corporate leadership, will serve on the Risk Management and Audit Committees. His appointment is expected to enhance Colony’s strategic initiatives and growth, aligning with the company’s commitment to professional excellence and community focus.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.