Colony Bankcorp: Q1 Earnings Snapshot

FITZGERALD, Ga. (AP) — FITZGERALD, Ga. (AP) — Colony Bankcorp Inc. (CBAN) on Wednesday reported first-quarter earnings of $5.3 million.

The bank, based in Fitzgerald, Georgia, said it had earnings of 30 cents per share. Earnings, adjusted for one-time gains and costs, came to 33 cents per share.

The bank holding company posted revenue of $42.8 million in the period. Its revenue net of interest expense was $28.1 million, which topped Street forecasts.

Colony Bankcorp shares have declined 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.76, a climb of 13% in the last 12 months.


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