Colony Bankcorp (CBAN) 7.69 $CBAN
Colony Bankcorp, Inc. Announces Fourth Quarter Results
GlobeNewswire - Fri Jan 23, 7:32AM CST
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,310,000, or $0.16 per diluted share for the fourth quarter of 2014 compared to $1,241,000, or $0.15 per diluted share for the comparable 2013 period, while net income available to shareholders for twelve months ended December 31, 2014 was $4,843,000, or $0.57 per diluted share compared to $3,120,000, or $0.37 per share for the comparable 2013 period. This increase of 55.22 percent in net income for the comparable twelve month period was primarily driven by a reduction in provision for loan losses, an increase in net interest income and an increase in noninterest income. "Much was accomplished during 2014 as Colony had significant improvement in earnings and asset quality. Total non-performing assets were $28.74 million at December 31, 2014 which is a 27.44 percent reduction from the previous year end of $39.61 million. Substandard assets to tier one capital plus loan loss reserve now stands at 32.39 percent - down from the prior year end level of 39.22 percent," said Ed Loomis, President and Chief Executive Officer. "Of significance during the quarter, we received regulatory approval to reinstate payments on our trust preferred securities and preferred stock which had been in deferred status. As we look to 2015, we believe we are positioned to continue to improve on earnings and asset quality, which in turn will enhance shareholder value."
CBAN: 7.69 (+0.23)
Colony Bankcorp EPS of $0.16
Seeking Alpha - at Seeking Alpha - Fri Jan 23, 7:08AM CST
CBAN: 7.69 (+0.23)
Colony Bankcorp, Inc. Announces Payment of Preferred Stock Deferred Dividends and Trust Preferred Securities Deferred Interest
GlobeNewswire - Mon Nov 17, 1:00PM CST
Colony Bankcorp, Inc. (Nasdaq:CBAN) today announced the payment of its scheduled November 17, 2014 dividend payment on its Cumulative Perpetual Preferred Stock along with the missed dividend/interest payments from February 2012 to November 2014. Total amount to bring the $28 million Preferred Stock dividend payments current was $5,492,749.41.
CBAN: 7.69 (+0.23)
Colony Bankcorp, Inc. Announces Third Quarter Results
GlobeNewswire - Thu Oct 23, 7:00AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,384,000, or $0.16 per diluted share for the third quarter of 2014 compared to $701,000, or $0.08 per diluted share for the comparable 2013 period, while net income available to shareholders for nine months ended September 30, 2014 was $3,533,000, or $0.42 per diluted share compared to $1,879,000, or $0.22 per share for the comparable 2013 period. This increase of 88.03 percent in net income for the comparable nine month period was primarily driven by a reduction in provision for loan losses, an increase in net interest income and an increase in noninterest income. "While we are pleased to report solid earnings for the second consecutive quarter, of particular significance is continued progress with our non-performing assets. Total non-performing assets were $24.01 million at September 30, 2014 which is a 23.99 percent reduction from the previous quarter end of $31.59 million. Substandard assets to tier one capital plus loan loss reserve now stands at 30.23 percent - down from the peak level of 98.52 percent in 2011," said Ed Loomis, President and Chief Executive Officer. "With strong regulatory capital, improved earnings and asset quality improvement, Colony is poised for sustained profitability and long-term success."
CBAN: 7.69 (+0.23)
Colony Bankcorp, Inc. Announces Second Quarter Results
GlobeNewswire - Thu Jul 17, 7:16AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,335,000, or $0.16 per diluted share for the second quarter of 2014 compared to $611,000, or $0.07 per diluted share for the comparable 2013 period, while net income available to shareholders for six months ended June 30, 2014 was $2,149,000, or 0.25 per diluted share compared to $1,178,000, or $0.14 per share for the comparable 2013 period. This increase of 82.43 percent in net income for the comparable six month period was primarily driven by a reduction in provision for loan losses, an increase in net interest income and an increase in noninterest income. "While the financial results reflect marked improvement, also noteworthy was the significant reduction in our non-performing assets to $31.59 million at June 30, 2014. This reflects a 19.35 percent reduction from the previous quarter end and marks the lowest level of non-performing assets since 2008," said Ed Loomis, President and Chief Executive Officer. "Our strong regulatory capital base combined with sustained earnings and credit quality improvement has positioned Colony for future market and operational opportunities."
CBAN: 7.69 (+0.23)
Colony Bankcorp, Inc. Announces Fourth Quarter Results
GlobeNewswire - Fri Jan 23, 7:32AM CST
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,310,000, or $0.16 per diluted share for the fourth quarter of 2014 compared to $1,241,000, or $0.15 per diluted share for the comparable 2013 period, while net income available to shareholders for twelve months ended December 31, 2014 was $4,843,000, or $0.57 per diluted share compared to $3,120,000, or $0.37 per share for the comparable 2013 period. This increase of 55.22 percent in net income for the comparable twelve month period was primarily driven by a reduction in provision for loan losses, an increase in net interest income and an increase in noninterest income. "Much was accomplished during 2014 as Colony had significant improvement in earnings and asset quality. Total non-performing assets were $28.74 million at December 31, 2014 which is a 27.44 percent reduction from the previous year end of $39.61 million. Substandard assets to tier one capital plus loan loss reserve now stands at 32.39 percent - down from the prior year end level of 39.22 percent," said Ed Loomis, President and Chief Executive Officer. "Of significance during the quarter, we received regulatory approval to reinstate payments on our trust preferred securities and preferred stock which had been in deferred status. As we look to 2015, we believe we are positioned to continue to improve on earnings and asset quality, which in turn will enhance shareholder value."
CBAN: 7.69 (+0.23)
Colony Bankcorp EPS of $0.16
Seeking Alpha - at Seeking Alpha - Fri Jan 23, 7:08AM CST
CBAN: 7.69 (+0.23)
Colony Bankcorp, Inc. Announces Payment of Preferred Stock Deferred Dividends and Trust Preferred Securities Deferred Interest
GlobeNewswire - Mon Nov 17, 1:00PM CST
Colony Bankcorp, Inc. (Nasdaq:CBAN) today announced the payment of its scheduled November 17, 2014 dividend payment on its Cumulative Perpetual Preferred Stock along with the missed dividend/interest payments from February 2012 to November 2014. Total amount to bring the $28 million Preferred Stock dividend payments current was $5,492,749.41.
CBAN: 7.69 (+0.23)
Colony Bankcorp, Inc. Announces Third Quarter Results
GlobeNewswire - Thu Oct 23, 7:00AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,384,000, or $0.16 per diluted share for the third quarter of 2014 compared to $701,000, or $0.08 per diluted share for the comparable 2013 period, while net income available to shareholders for nine months ended September 30, 2014 was $3,533,000, or $0.42 per diluted share compared to $1,879,000, or $0.22 per share for the comparable 2013 period. This increase of 88.03 percent in net income for the comparable nine month period was primarily driven by a reduction in provision for loan losses, an increase in net interest income and an increase in noninterest income. "While we are pleased to report solid earnings for the second consecutive quarter, of particular significance is continued progress with our non-performing assets. Total non-performing assets were $24.01 million at September 30, 2014 which is a 23.99 percent reduction from the previous quarter end of $31.59 million. Substandard assets to tier one capital plus loan loss reserve now stands at 30.23 percent - down from the peak level of 98.52 percent in 2011," said Ed Loomis, President and Chief Executive Officer. "With strong regulatory capital, improved earnings and asset quality improvement, Colony is poised for sustained profitability and long-term success."
CBAN: 7.69 (+0.23)
Colony Bankcorp, Inc. Announces Second Quarter Results
GlobeNewswire - Thu Jul 17, 7:16AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,335,000, or $0.16 per diluted share for the second quarter of 2014 compared to $611,000, or $0.07 per diluted share for the comparable 2013 period, while net income available to shareholders for six months ended June 30, 2014 was $2,149,000, or 0.25 per diluted share compared to $1,178,000, or $0.14 per share for the comparable 2013 period. This increase of 82.43 percent in net income for the comparable six month period was primarily driven by a reduction in provision for loan losses, an increase in net interest income and an increase in noninterest income. "While the financial results reflect marked improvement, also noteworthy was the significant reduction in our non-performing assets to $31.59 million at June 30, 2014. This reflects a 19.35 percent reduction from the previous quarter end and marks the lowest level of non-performing assets since 2008," said Ed Loomis, President and Chief Executive Officer. "Our strong regulatory capital base combined with sustained earnings and credit quality improvement has positioned Colony for future market and operational opportunities."
CBAN: 7.69 (+0.23)
