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Colony Bankcorp
(NYSE:CBAN)
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Rating:70Outperform
Price Target:
$24.50
â–²(12.18% Upside)
Action:Reiterated
Date:08/06/26
Overall score reflects improving financial quality (strong TTM cash flow, better leverage, higher ROE) and supportive technical momentum (price above major moving averages with positive MACD). The score is held back by the sharp TTM revenue decline and EBIT margin compression, plus funding/expense timing risks highlighted on the earnings call (deposit outflows and post-merger expense pressure). Valuation is supportive with a moderate P/E and a ~2.14% dividend yield.
Positive Factors
Cash generation strength
Sustained, large operating and free cash flows provide durable internal funding for lending, dividends, and M&A without depending on volatile external financing. Strong cash conversion supports capital build, cushions credit cycles and underpins the bank’s ability to execute strategic growth over the next 2–6 months.
Negative Factors
Top-line decline and margin pressure
A near-20% TTM revenue drop and significant EBIT margin compression signal weakening underlying revenue and operating profitability. If structural, this reduces earnings power, constrains internal capital generation, and increases reliance on cost cuts or higher-risk revenue to sustain returns over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation strength
Sustained, large operating and free cash flows provide durable internal funding for lending, dividends, and M&A without depending on volatile external financing. Strong cash conversion supports capital build, cushions credit cycles and underpins the bank’s ability to execute strategic growth over the next 2–6 months.
Read all positive factors
Colony Bankcorp (CBAN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$463.79M
Dividend Yield2.14%
Average Volume (3M)75.55K
Price to Earnings (P/E)13.3
Beta (1Y)0.87
Revenue Growth16.31%
EPS Growth4.61%
CountryUS
Employees526
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.65
Shares Outstanding21,158,354
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.98
Revenue Forecast (FY)$173.30M
Colony Bankcorp Business Overview & Revenue Model
Company Description
Colony Bankcorp, Inc. functions as the parent entity for Colony Bank, delivering a broad spectrum of financial products and services to both commercial enterprises and individual consumers. The bank offers various ways to save, such as checking, s...
How the Company Makes Money
Colony Bankcorp generates most of its revenue through its banking subsidiary by earning interest and fees from providing financial products and services. The primary revenue stream is net interest income: the bank earns interest on loans and other...
Colony Bankcorp Earnings Call Summary
Earnings Call Date:Jul 22, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 15, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive operating quarter: management hit key profitability targets (1.20% operating ROA), achieved margin expansion, meaningful loan growth (~8.5% annualized this quarter), AUM increased materially (~15% QoQ), expense discipline produced ~ $550k of quarterly savings, and the First Reliance merger is progressing with regulatory filings underway. Offsetting considerations include a seasonal and competitive decline in reported deposits (-$76.2M), softer gain-on-sale activity in SBSL, a modest increase in provisions, some non-recurring earnings items (BOLI death benefit), and the expectation of temporary expense increases post-merger with full savings delayed until systems conversion in mid-2027. On balance, the positives (profitability targets met, margin/fee income growth, capital improvements, and strategic M&A pipeline) outweigh the near-term operational and funding headwinds.Positive Updates
Merger with First Reliance Advancing
Announced partnership and integration planning with First Reliance; merger applications submitted and S-4 expected to be filed soon, with legal close targeted in Q4 — strategic M&A expected to expand markets and lending capacity.
Negative Updates
Deposit Outflows and Competitive Funding Environment
Total reported deposits declined by $76.2 million during the quarter (included payoffs of ~$13.4M of brokered deposits); management cites seasonal runoff and competitive deposit landscape as headwinds while average deposit balances were relatively stable.
Read all updates
Q2-2026 Updates
Positive
Negative
Merger with First Reliance Advancing
Announced partnership and integration planning with First Reliance; merger applications submitted and S-4 expected to be filed soon, with legal close targeted in Q4 — strategic M&A expected to expand markets and lending capacity.
Read all positive updates
Company Guidance
The company guided to continued, modest margin expansion of a few basis points per quarter and reiterated focus on disciplined pricing and expense control after achieving a 1.20% operating ROA this quarter (driven by realization of targeted cost saves), with operating net income of $11.0M and operating pre‑provision net revenue > $16M (up ≈$2.2M QoQ); earning asset yields rose ~6 bps and margin was 3.52%, the weighted‑average new/renewed loan rate was 7.14% (7.11% prior quarter) while cost of funds was ~1.95% (up 1 bp). Loan growth was ~8.5% annualized this quarter (7% YTD) though near‑term organic growth could land slightly below the low end of the 8–12% target; loans held for investment increased $51.4M. Total deposits declined $76.2M (including ~$13.4M brokered payoffs) but average deposits were stable. Operating non‑interest income rose to $11.6M (up ≈$950k QoQ; vs $10.1M prior year), operating non‑interest expense fell >$500k with operating net NIE/avg assets improving to 1.51% (long‑term target ≈1.45%), provision expense was $1.9M, classified loans declined ~14% (≈$5.6M), net charge‑offs stable, TCE rose to 8.99% (from 8.49%), tangible book value/share to $15.12 (from $14.65), and the board declared a $0.12 quarterly cash dividend; management expects legal close with First Reliance in Q4, additional post‑close expense efficiencies (with systems conversion mid‑2027), and views First Reliance’s recent results (operating EPS $0.38, operating ROA 1.10%, operating earnings $3.1M) as largely in line with pro forma expectations.Colony Bankcorp Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 158.94M | 186.11M | 176.62M | 160.55M | 126.56M | 106.88M |
| Gross Profit | 94.14M | 123.56M | 112.40M | 110.28M | 112.33M | 101.78M |
| EBITDA | 22.65M | 35.13M | 37.70M | 35.91M | 34.48M | 31.78M |
| Net Income | 32.72M | 28.25M | 23.87M | 21.75M | 19.54M | 18.66M |
Balance Sheet | ||||||
| Total Assets | 3.63B | 3.74B | 3.11B | 3.05B | 2.94B | 2.69B |
| Cash, Cash Equivalents and Short-Term Investments | 25.26M | 252.50M | 64.84M | 432.72M | 453.14M | 957.14M |
| Total Debt | 233.17M | 258.10M | 248.04M | 238.44M | 203.35M | 88.45M |
| Total Liabilities | 3.24B | 3.36B | 2.83B | 2.80B | 2.71B | 2.47B |
| Stockholders Equity | 389.97M | 375.92M | 278.68M | 254.94M | 230.27M | 217.71M |
Cash Flow | ||||||
| Free Cash Flow | 76.35M | -6.90M | 22.32M | 17.36M | 46.85M | 30.27M |
| Operating Cash Flow | 78.29M | -5.54M | 23.40M | 20.98M | 49.74M | 36.10M |
| Investing Cash Flow | 111.87M | 3.41M | 101.16M | -98.75M | -448.23M | -208.33M |
| Financing Cash Flow | -104.52M | 28.74M | 23.15M | 80.41M | 281.93M | 185.95M |
Colony Bankcorp Technical Analysis
Positive
21.84
Price Trends
20.64
Positive
20.20
Positive
19.08
Positive
Market Momentum
0.46
Negative
62.71
Neutral
71.72
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 21.84 is above the 20-day moving average (MA) of 21.27, above the 50-day MA of 20.64, and above the 200-day MA of 19.08, indicating a bullish trend. The MACD of 0.46 indicates Negative momentum. The RSI at 62.71 is Neutral, neither overbought nor oversold. The STOCH value of 71.72 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 48 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $427.22M | 11.90 | 13.72% | 2.05% | 32.78% | 4.54% | |
74 Outperform | $318.55M | 9.66 | 10.75% | 3.12% | 5.94% | 3.65% | |
74 Outperform | $396.72M | 9.51 | 10.64% | 2.99% | 6.34% | 35.36% | |
70 Outperform | $463.79M | 13.28 | 9.04% | 2.15% | 16.31% | 4.61% | |
68 Neutral | $395.78M | 10.29 | 13.30% | 4.26% | 3.47% | 25.54% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
53 Neutral | $454.90M | 37.90 | 7.70% | 4.60% | 18.97% | -14.99% |
* Financial Sector Average
CBAN
Colony Bankcorp
22.03
6.50
41.82%
CZNC
Citizens & Northern
25.27
7.79
44.54%
FNLC
First Bancorp
35.31
11.55
48.62%
PLBC
Plumas Bancorp
61.43
22.12
56.26%
FSBW
FS Bancorp
43.27
5.82
15.55%
PCB
PCB Bancorp
28.12
8.12
40.63%
Colony Bankcorp Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Colony Bankcorp Posts Strong Second Quarter Earnings Growth
Positive
Jul 22, 2026
On July 22, 2026, Colony Bankcorp reported a strong second quarter, with net income rising to $10.9 million and operating net income reaching $11.0 million, driven by higher net interest income, improved net interest margin, and robust noninterest...
Business Operations and StrategyM&A Transactions
Colony Bankcorp Announces Acquisition of First Reliance Bancshares
Positive
Jun 24, 2026
On June 24, 2026, Colony Bankcorp and First Reliance Bancshares signed a definitive agreement for Colony to acquire 100% of First Reliance in a stock-and-cash merger valued at about $163 million, with shareholders able to elect cash of $19.75 per ...
Executive/Board ChangesShareholder Meetings
Colony Bankcorp Shareholders Back Board, Pay and Auditor
Positive
May 22, 2026
Colony Bankcorp reported that on May 21, 2026, it successfully held its Annual Meeting of shareholders, with 76.22% of its 21,172,315 outstanding common shares represented in person or by proxy, constituting a quorum. Shareholders elected eight di...
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.