Latest Colony Bankcorp (CBAN) Headlines
Colony Bankcorp, Inc. Announces Fourth Quarter Results
GlobeNewswire - Fri Jan 24, 7:00AM CST
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,241,000, or $0.15 per diluted share for the fourth quarter of 2013 compared to $203,000, or $0.02 per diluted share for the comparable 2012 period, while net income available to shareholders for twelve months ended December 31, 2013 was $3,120,000, or $0.37 per diluted share compared to $1,206,000, or $0.14 per share for the comparable 2012 period. This increase of 158.71 percent in net income for the comparable twelve month period was primarily driven by an increase in net interest income and noninterest income (excluding securities gains) - along with a reduction in provision for loan losses. "In addition to significant core earnings improvement, Colony again had marked improvement in asset quality. Substandard assets to tier one capital plus loan loss allowance ratio improved to 39.22 percent at December 31, 2013 from 40.94 percent at September 30, 2013 and 55.60 percent at December 31, 2012. Though we were successful in having regulatory agencies lift the memorandum of understanding during 2013 and realized significant improvement in earnings and asset quality, we still are committed to reducing our problem assets to an acceptable level and returning to acceptable earnings," said Ed Loomis, President and Chief Executive Officer. "Momentum carrying over from 2013 initiatives has Colony positioned for a successful and productive year in 2014."
Colony Bankcorp, Inc. Announces Third Quarter Results
GlobeNewswire - Wed Oct 16, 7:00AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $701,000, or $0.08 per diluted share for the third quarter of 2013 compared to $411,000, or $0.05 per diluted share for the comparable 2012 period, while net income available to shareholders for nine months ended September 30, 2013 was $1,879,000, or $0.22 per diluted share compared to $1,003,000, or $0.12 per share for the comparable 2012 period. This increase of 87.34 percent in net income for the comparable nine month period was primarily driven by an increase in net interest income and noninterest income (excluding securities gains) - along with a reduction in provision for loan losses. "In addition to outstanding core earnings improvement, Colony again had noticeable improvement in asset quality. Substandard assets to tier one capital plus loan loss allowance ratio improved to 40.94 percent at September 30, 2013 from 43.00 percent at June 30, 2013. On October 4, 2013, the company received notification from regulatory agencies that the memorandum of understanding ("MOU") agreement in place since November 2010 has been terminated. The agreement required Colony to take steps to reduce credit risk and improve asset quality and earning performance. Our primary regulators have acknowledged the significant progress we have made in addressing the MOU agreement. Though much has been accomplished, our board, management and staff remain committed to making incremental progress toward earnings and asset quality improvement," said Ed Loomis, President and Chief Executive Officer.
Colony Bankcorp, Inc. Announces Second Quarter Results
GlobeNewswire - Fri Jul 19, 7:00AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $611,000, or $0.07 per diluted share for the second quarter of 2013 compared to $403,000, or $0.05 per diluted share for the comparable 2012 period, while net income available to shareholders for six months ended June 30, 2013 was $1,178,000, or $0.14 per diluted share compared to $592,000, or $0.07 per share for the comparable 2012 period. This increase of 98.99 percent in net income for the comparable six month period was primarily driven by an increase in net interest income and noninterest income - along with a reduction in provision for loan losses. "In addition to meaningful core earnings improvement, Colony again had marked improvement in asset quality. Substandard assets to tier one capital plus loan loss allowance ratio improved to 43.00 percent at June 30, 2013 from 45.85 percent at March 31, 2013. Though improvement was once again realized this quarter, we still have much work ahead to meet our goals of reducing our problem assets to an acceptable level and returning to acceptable earnings. Our board, management and staff remain committed to making incremental progress toward these goals during 2013," said Ed Loomis, President and Chief Executive Officer. "Though the economy continues to be less than robust and short term interest rates remain at historic low levels, we are cautiously optimistic that signs of economic recovery are surfacing. We had a modest increase in loans outstanding from the previous quarter end and have a healthy loan pipeline that should result in continued loan growth and core earnings improvement."
GUL, TIP, MGIC, CBAN, CWZ, ASIA Are Seasonally Ripe To Go Down In the Next Five Weeks
M2 - Fri Mar 15, 5:51AM CDT
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Gulf Power Co (NYSE:GUL), iShares Barclays TIPS Bond Fund (NYSE:TIP), MAGIC SOFTWARE ENTERPRISES (NASDAQ:MGIC), Colony Bankcorp Inc (NASDAQ:CBAN), Lehman ABS Corp (NYSE:CWZ), Asiainfo Linkage Inc (NASDAQ:ASIA) and each have a high seasonal probability to go Down in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at:
CBAN, GNTX, FARO, CWST, TROW, VVC Are Seasonally Ripe To Go Down In the Next Five Weeks
M2 - Thu Jan 31, 4:57AM CST
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Colony Bankcorp Inc (NASDAQ:CBAN), Gentex Corp (NASDAQ:GNTX), FARO Technologies Inc (NASDAQ:FARO), Casella Waste Systems Inc (NASDAQ:CWST), T. Rowe Price Group Inc (NASDAQ:TROW), Vectren Corp (NYSE:VVC) and each have a high seasonal probability to go Down in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at:
Colony Bankcorp, Inc. Announces Fourth Quarter Results
GlobeNewswire - Fri Jan 24, 7:00AM CST
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,241,000, or $0.15 per diluted share for the fourth quarter of 2013 compared to $203,000, or $0.02 per diluted share for the comparable 2012 period, while net income available to shareholders for twelve months ended December 31, 2013 was $3,120,000, or $0.37 per diluted share compared to $1,206,000, or $0.14 per share for the comparable 2012 period. This increase of 158.71 percent in net income for the comparable twelve month period was primarily driven by an increase in net interest income and noninterest income (excluding securities gains) - along with a reduction in provision for loan losses. "In addition to significant core earnings improvement, Colony again had marked improvement in asset quality. Substandard assets to tier one capital plus loan loss allowance ratio improved to 39.22 percent at December 31, 2013 from 40.94 percent at September 30, 2013 and 55.60 percent at December 31, 2012. Though we were successful in having regulatory agencies lift the memorandum of understanding during 2013 and realized significant improvement in earnings and asset quality, we still are committed to reducing our problem assets to an acceptable level and returning to acceptable earnings," said Ed Loomis, President and Chief Executive Officer. "Momentum carrying over from 2013 initiatives has Colony positioned for a successful and productive year in 2014."
Colony Bankcorp, Inc. Announces Third Quarter Results
GlobeNewswire - Wed Oct 16, 7:00AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $701,000, or $0.08 per diluted share for the third quarter of 2013 compared to $411,000, or $0.05 per diluted share for the comparable 2012 period, while net income available to shareholders for nine months ended September 30, 2013 was $1,879,000, or $0.22 per diluted share compared to $1,003,000, or $0.12 per share for the comparable 2012 period. This increase of 87.34 percent in net income for the comparable nine month period was primarily driven by an increase in net interest income and noninterest income (excluding securities gains) - along with a reduction in provision for loan losses. "In addition to outstanding core earnings improvement, Colony again had noticeable improvement in asset quality. Substandard assets to tier one capital plus loan loss allowance ratio improved to 40.94 percent at September 30, 2013 from 43.00 percent at June 30, 2013. On October 4, 2013, the company received notification from regulatory agencies that the memorandum of understanding ("MOU") agreement in place since November 2010 has been terminated. The agreement required Colony to take steps to reduce credit risk and improve asset quality and earning performance. Our primary regulators have acknowledged the significant progress we have made in addressing the MOU agreement. Though much has been accomplished, our board, management and staff remain committed to making incremental progress toward earnings and asset quality improvement," said Ed Loomis, President and Chief Executive Officer.
Colony Bankcorp, Inc. Announces Second Quarter Results
GlobeNewswire - Fri Jul 19, 7:00AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $611,000, or $0.07 per diluted share for the second quarter of 2013 compared to $403,000, or $0.05 per diluted share for the comparable 2012 period, while net income available to shareholders for six months ended June 30, 2013 was $1,178,000, or $0.14 per diluted share compared to $592,000, or $0.07 per share for the comparable 2012 period. This increase of 98.99 percent in net income for the comparable six month period was primarily driven by an increase in net interest income and noninterest income - along with a reduction in provision for loan losses. "In addition to meaningful core earnings improvement, Colony again had marked improvement in asset quality. Substandard assets to tier one capital plus loan loss allowance ratio improved to 43.00 percent at June 30, 2013 from 45.85 percent at March 31, 2013. Though improvement was once again realized this quarter, we still have much work ahead to meet our goals of reducing our problem assets to an acceptable level and returning to acceptable earnings. Our board, management and staff remain committed to making incremental progress toward these goals during 2013," said Ed Loomis, President and Chief Executive Officer. "Though the economy continues to be less than robust and short term interest rates remain at historic low levels, we are cautiously optimistic that signs of economic recovery are surfacing. We had a modest increase in loans outstanding from the previous quarter end and have a healthy loan pipeline that should result in continued loan growth and core earnings improvement."
GUL, TIP, MGIC, CBAN, CWZ, ASIA Are Seasonally Ripe To Go Down In the Next Five Weeks
M2 - Fri Mar 15, 5:51AM CDT
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Gulf Power Co (NYSE:GUL), iShares Barclays TIPS Bond Fund (NYSE:TIP), MAGIC SOFTWARE ENTERPRISES (NASDAQ:MGIC), Colony Bankcorp Inc (NASDAQ:CBAN), Lehman ABS Corp (NYSE:CWZ), Asiainfo Linkage Inc (NASDAQ:ASIA) and each have a high seasonal probability to go Down in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at:
CBAN, GNTX, FARO, CWST, TROW, VVC Are Seasonally Ripe To Go Down In the Next Five Weeks
M2 - Thu Jan 31, 4:57AM CST
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Colony Bankcorp Inc (NASDAQ:CBAN), Gentex Corp (NASDAQ:GNTX), FARO Technologies Inc (NASDAQ:FARO), Casella Waste Systems Inc (NASDAQ:CWST), T. Rowe Price Group Inc (NASDAQ:TROW), Vectren Corp (NYSE:VVC) and each have a high seasonal probability to go Down in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at:
