Colony Bankcorp Stock Earnings Reports

Colony Bancorp completed its core systems conversion and customer integration from the TC Federal merger, delivering a solid start to 2026. Operating net income was $9.5 million with operating pre‑provision net revenue of $13.9 million. Net interest margin expanded to 3.48% (core margin ~3.41%), helped by accelerated accretion income from acquired loans; management expects margin to normalize a few basis points lower in Q2. Loan growth was muted in Q1 due to early payoffs and lighter demand; management reiterates a 2026 loan growth target nearer the low end of guidance (~8%). Credit quality improved quarter‑over‑quarter (NPLs and criticized/classified loans declined) and the allowance remains healthy (0.90% of loans, 122% of NPLs). Complementary business lines showed strength: mortgage production and pretax income improved, Colony Financial Advisors AUM grew to $555 million, and insurance and merchant services showed meaningful progress. Operating noninterest expense was $26.0 million (operating net NIE to assets 1.68%) with merger-related costs largely behind them; management expects expense leverage and targets a 1.45% net noninterest expense ratio over the next several quarters. The board approved share repurchases (~89k shares at $19.78 this quarter) and declared a $0.12 quarterly dividend. Kroll affirmed ratings with a stable outlook. Management remains active on M&A, focused on strategic, cultural fits in Georgia and contiguous states.