Colony Bankcorp: Fourth Quarter Earnings Overview
Colony Bankcorp Reports Fourth Quarter Financial Results
Colony Bankcorp Inc., headquartered in Fitzgerald, Georgia, announced on Wednesday that it achieved a net profit of $7.8 million for the fourth quarter.
The company reported earnings of $0.42 per share for the quarter. After adjusting for expenses related to mergers and acquisitions, earnings rose to $0.48 per share.
During this period, the bank holding company generated $51.7 million in total revenue. Excluding interest expenses, net revenue reached $36.9 million, surpassing analysts’ expectations.
For the full year, Colony Bankcorp recorded a total profit of $28.3 million, translating to $1.59 per share, with annual revenue totaling $132.2 million.
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