Colony Bankcorp Inc (OQ:CBAN)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | ., 115 SOUTH GRANT STREET FITZGERALD GA 31750 |
| Tel: | N/A |
| Website: | https://colony.bank |
| IR: | See website |
| Key People | ||
| Roy Dallis Copeland President | T. Heath Fountain Chief Executive Officer, Director | Derek Shelnutt Chief Financial Officer, Executive Vice President |
| Kimberly C. Dockery Executive Vice President, Chief Administrative Officer and Chief of Staff | Edward Lee Bagwell Executive Vice President, Chief Risk Officer, General Counsel, Corporate Secretary | Leonard H. Bateman Executive Vice President, Chief Credit Officer |
| Business Overview |
| Colony Bankcorp, Inc. is a financial service and a bank holding company. The Company's business is conducted through its bank subsidiary, Colony Bank (the Bank), a Georgia state-chartered commercial bank. The Bank provides a range of banking services to its retail and commercial customers. The Company operates through three segments: Banking Division, Retail Mortgage Division and Small Business Specialty Lending Division. The Banking Division delivers full service financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division offers services for one-to-four family residential mortgage loans. The Small Business Specialty Lending Division offers small business administration and United States Department of Agriculture (USDA) government guaranteed loans. Its product line includes loans to small and medium-sized businesses, residential and commercial construction and land development loans, commercial real estate loans and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Colony Bankcorp Inc interest income increased 36% to $124.9M. Net interest income after loan loss provision decreased 7% to $74.6M. Net income increased 11% to $21.7M. Net interest income after loan loss provision reflects Bank segment decrease of 3% to $73.2M, Net Interest Margin, Total -% decrease of 12% to 2.83%, Net Interest Spread, Total -% decrease of 21% to 2.42%. |
| Employees: | 453 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $227.74M as of Dec 31, 2023 |
| Annual revenue (TTM): | $124.92M as of Dec 31, 2023 |
| EBITDA (TTM): | $46.98M as of Dec 31, 2023 |
| Net annual income (TTM): | $21.75M as of Dec 31, 2023 |
| Free cash flow (TTM): | $9.64M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $38.11M as of Dec 31, 2023 |
| Shares outstanding: | 17,558,611 as of Mar 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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