Colony Bankcorp Inc (CBAN) 9.69 $CBAN
Colony Bankcorp posts 1Q profit
Automated Insights - Thu Apr 21, 8:03AM CDT
FITZGERALD, Ga. (AP) _ Colony Bankcorp Inc. (CBAN) on Thursday reported first-quarter net income of $2.1 million.
CBAN: 9.69 (+0.17)
Colony Bankcorp, Inc. Announces First Quarter Results
GlobeNewswire - Thu Apr 21, 7:02AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,656,000, or $0.20 per diluted share for the first quarter of 2016 compared to $1,253,000, or $0.15 per diluted share for the comparable 2015 period. This increase of 32.16 percent in net income for the comparable three month period was primarily driven by an increase in net interest income and a reduction in preferred stock dividends. "In addition to marked improvement in earnings, we also had asset quality improvement as non-performing assets decreased to $21.73 million at March 31, 2016 which is a reduction of 18.83 percent from the comparable year ago period and 6.57 percent from the prior quarter end," said Ed Loomis, President and Chief Executive Officer. "The past year our focus was to improve profitability and credit quality while deleveraging the company. We are committed to the same strategy in 2016; however given the improved financial condition of the company, we are also considering product and market expansion. To that end, during the quarter we completed construction of a new banking facility in Tifton while beginning construction of new facilities in Statesboro and Savannah. The new Tifton location resulted in closure of two leased offices in that market while two branch offices in Pitts and Chester were closed to improve operating efficiencies. We will again look for earnings improvement during 2016 with the redemption of additional shares of preferred stock."
CBAN: 9.69 (+0.17)
Colony Bankcorp, Inc. Announces Fourth Quarter Results
GlobeNewswire - Tue Jan 26, 7:00AM CST
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,584,000, or $0.19 per diluted share for the fourth quarter of 2015 compared to $1,310,000, or $0.16 per diluted share for the comparable 2014 period, while net income available to shareholders for calendar year 2015 was $5,998,000, or $0.71 per diluted share compared to $4,843,000, or $0.57 per share for the comparable 2014 period. This increase of 23.85 percent in net income for the comparable twelve month period was primarily driven by a reduction in provision for loan losses, noninterest expense and preferred stock dividend payments. "In addition to solid earnings for the year, we also had significant asset quality improvement. Total non-performing assets were $23.25 million at December 31, 2015, which is a reduction of 19.10 percent from the prior year end. Though modest, we also realized an increase in total loans, net of reserves to $749.68 million at December 31, 2015 compared to $736.93 a year ago," said Ed Loomis, President and Chief Executive Officer. "The highlight during the quarter was approval by regulatory agencies to redeem another 5,146 shares of preferred stock at par. Total redemption in 2015 was $9.979 million which reduces our preferred stock by 35.64 percent from a year ago. On an annual basis this reduces our dividend payment by $898 thousand. We intend to further reduce our preferred stock during 2016 which will be immediately accretive to earnings."
CBAN: 9.69 (+0.17)
Colony Bankcorp, Inc. Announces Partial Redemption of Preferred Stock
GlobeNewswire - Thu Dec 31, 8:00AM CST
Colony Bankcorp, Inc. (Nasdaq:CBAN) today announced redemption of 5,146 shares of its Cumulative Perpetual Preferred Stock ($1,000 Par Value). Total principal payment will be $5,146,000 and leave the company with 18,021 preferred shares outstanding. This action was in concurrence with both Georgia Department of Banking and Finance and Federal Reserve Bank of Atlanta. "We are pleased that Colony's well-capitalized capital position allows us to make this partial redemption of preferred stock that was issued as part of the U. S. Government TARP program in 2009. This will enhance shareholder value as the redemption will be immediately accretive to EPS," said Ed Loomis, President and Chief Executive Officer. "Subject to regulatory approval in 2016, we intend to exercise our option to redeem additional shares of the preferred stock that has a current dividend rate of 9 percent."
CBAN: 9.69 (+0.17)
How it All Plays Out - Research on Aradigm, Ideal Power, CareDx, and Colony Bankcorp
ACCESSWIRE - Thu Dec 03, 7:40AM CST
NEW YORK, NY / ACCESSWIRE / December 3, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Aradigm Corp (NASDAQ: ARDM), Ideal Power Inc (NASDAQ: IPWR), CareDx Inc (NASDAQ: CDNA) and Colony Bankcorp Inc (NASDAQ: CBAN). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
CBAN: 9.69 (+0.17), CDNA: 5.93 (+0.61), IPWR: 4.96 (+0.23), ARDM: 4.50 (+0.02)
Colony Bankcorp, Inc. Announces Third Quarter Results
GlobeNewswire - Thu Oct 22, 7:00AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,606,000, or $0.19 per diluted share for the third quarter of 2015 compared to $1,384,000, or $0.16 per diluted share for the comparable 2014 period, while net income available to shareholders for nine month period ended September 30, 2015 was $4,414,000, or $0.52 per diluted share compared to $3,533,000, or $0.42 per share for the comparable 2014 period. This increase of 24.94 percent in net income for the comparable nine month period was primarily driven by a reduction in provision for loan losses, an increase in noninterest income and a reduction in noninterest expense. "In addition to solid earnings, we also are pleased to report asset quality improvement and continued loan growth. Total non-performing assets were $24.57 million at September 30, 2015 which is a reduction of 6.09 percent from the prior quarter end. Though economic recovery has been less than robust, we have seen our loans increase for the fifth consecutive quarter. Total loans, net of reserves increased to $763.85 million at September 30, 2015 compared to $742.93 a year ago," said Ed Loomis, President and Chief Executive Officer. "Noteworthy during the quarter was approval by regulatory agencies to redeem 4,833 shares of preferred stock at par. This redemption of $4.833 million reduces our preferred stock 17.26 percent and on an annual basis reduces our dividend payment by $435 thousand. It is our intent to redeem additional shares of preferred stock prior to year end."
CBAN: 9.69 (+0.17)
Colony Bankcorp, Inc. Announces Second Quarter Results
GlobeNewswire - Thu Jul 23, 7:00AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,555,000, or $0.18 per diluted share for the second quarter of 2015 compared to $1,335,000, or $0.16 per diluted share for the comparable 2014 period, while net income available to shareholders for six month period ended June 30, 2015 was $2,808,000, or $0.33 per diluted share compared to $2,149,000, or $0.25 per share for the comparable 2014 period. This increase of 30.67 percent in net income for the comparable six month period was primarily driven by a reduction in provision for loan losses, an increase in noninterest income and a reduction in noninterest expense. "While we had solid improvement in earnings, we also are pleased to report asset quality improvement. Total non-performing assets were $26.16 million at June 30, 2015 which is a reduction of 2.27 percent from the prior quarter end and 17.18 percent from the year ago period. Substandard assets to tier one capital plus loan loss reserve now stands at 28.74 percent - down from the prior year end level of 32.39 percent," said Ed Loomis, President and Chief Executive Officer. "Noteworthy during the quarter was continued positive trends with loan activity as total loans increased to $759.69 million at June 30, 2015 compared to $753.24 million at March 31, 2015. The quarter culminated with the inclusion of Colony in the Russell Microcap Index. The Index is completely reconstituted annually to ensure new and growing equities are reflected and companies continue to reflect appropriate capitalization and value characteristics. This is indicative of the marked progress the company has made over the past several quarters."
CBAN: 9.69 (+0.17)
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: 9.69 (+0.17)
Colony Bankcorp posts 1Q profit
Automated Insights - Thu Apr 21, 8:03AM CDT
FITZGERALD, Ga. (AP) _ Colony Bankcorp Inc. (CBAN) on Thursday reported first-quarter net income of $2.1 million.
CBAN: 9.69 (+0.17)
Colony Bankcorp, Inc. Announces First Quarter Results
GlobeNewswire - Thu Apr 21, 7:02AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,656,000, or $0.20 per diluted share for the first quarter of 2016 compared to $1,253,000, or $0.15 per diluted share for the comparable 2015 period. This increase of 32.16 percent in net income for the comparable three month period was primarily driven by an increase in net interest income and a reduction in preferred stock dividends. "In addition to marked improvement in earnings, we also had asset quality improvement as non-performing assets decreased to $21.73 million at March 31, 2016 which is a reduction of 18.83 percent from the comparable year ago period and 6.57 percent from the prior quarter end," said Ed Loomis, President and Chief Executive Officer. "The past year our focus was to improve profitability and credit quality while deleveraging the company. We are committed to the same strategy in 2016; however given the improved financial condition of the company, we are also considering product and market expansion. To that end, during the quarter we completed construction of a new banking facility in Tifton while beginning construction of new facilities in Statesboro and Savannah. The new Tifton location resulted in closure of two leased offices in that market while two branch offices in Pitts and Chester were closed to improve operating efficiencies. We will again look for earnings improvement during 2016 with the redemption of additional shares of preferred stock."
CBAN: 9.69 (+0.17)
Colony Bankcorp, Inc. Announces Fourth Quarter Results
GlobeNewswire - Tue Jan 26, 7:00AM CST
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,584,000, or $0.19 per diluted share for the fourth quarter of 2015 compared to $1,310,000, or $0.16 per diluted share for the comparable 2014 period, while net income available to shareholders for calendar year 2015 was $5,998,000, or $0.71 per diluted share compared to $4,843,000, or $0.57 per share for the comparable 2014 period. This increase of 23.85 percent in net income for the comparable twelve month period was primarily driven by a reduction in provision for loan losses, noninterest expense and preferred stock dividend payments. "In addition to solid earnings for the year, we also had significant asset quality improvement. Total non-performing assets were $23.25 million at December 31, 2015, which is a reduction of 19.10 percent from the prior year end. Though modest, we also realized an increase in total loans, net of reserves to $749.68 million at December 31, 2015 compared to $736.93 a year ago," said Ed Loomis, President and Chief Executive Officer. "The highlight during the quarter was approval by regulatory agencies to redeem another 5,146 shares of preferred stock at par. Total redemption in 2015 was $9.979 million which reduces our preferred stock by 35.64 percent from a year ago. On an annual basis this reduces our dividend payment by $898 thousand. We intend to further reduce our preferred stock during 2016 which will be immediately accretive to earnings."
CBAN: 9.69 (+0.17)
Colony Bankcorp, Inc. Announces Partial Redemption of Preferred Stock
GlobeNewswire - Thu Dec 31, 8:00AM CST
Colony Bankcorp, Inc. (Nasdaq:CBAN) today announced redemption of 5,146 shares of its Cumulative Perpetual Preferred Stock ($1,000 Par Value). Total principal payment will be $5,146,000 and leave the company with 18,021 preferred shares outstanding. This action was in concurrence with both Georgia Department of Banking and Finance and Federal Reserve Bank of Atlanta. "We are pleased that Colony's well-capitalized capital position allows us to make this partial redemption of preferred stock that was issued as part of the U. S. Government TARP program in 2009. This will enhance shareholder value as the redemption will be immediately accretive to EPS," said Ed Loomis, President and Chief Executive Officer. "Subject to regulatory approval in 2016, we intend to exercise our option to redeem additional shares of the preferred stock that has a current dividend rate of 9 percent."
CBAN: 9.69 (+0.17)
How it All Plays Out - Research on Aradigm, Ideal Power, CareDx, and Colony Bankcorp
ACCESSWIRE - Thu Dec 03, 7:40AM CST
NEW YORK, NY / ACCESSWIRE / December 3, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Aradigm Corp (NASDAQ: ARDM), Ideal Power Inc (NASDAQ: IPWR), CareDx Inc (NASDAQ: CDNA) and Colony Bankcorp Inc (NASDAQ: CBAN). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
CBAN: 9.69 (+0.17), CDNA: 5.93 (+0.61), IPWR: 4.96 (+0.23), ARDM: 4.50 (+0.02)
Colony Bankcorp, Inc. Announces Third Quarter Results
GlobeNewswire - Thu Oct 22, 7:00AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,606,000, or $0.19 per diluted share for the third quarter of 2015 compared to $1,384,000, or $0.16 per diluted share for the comparable 2014 period, while net income available to shareholders for nine month period ended September 30, 2015 was $4,414,000, or $0.52 per diluted share compared to $3,533,000, or $0.42 per share for the comparable 2014 period. This increase of 24.94 percent in net income for the comparable nine month period was primarily driven by a reduction in provision for loan losses, an increase in noninterest income and a reduction in noninterest expense. "In addition to solid earnings, we also are pleased to report asset quality improvement and continued loan growth. Total non-performing assets were $24.57 million at September 30, 2015 which is a reduction of 6.09 percent from the prior quarter end. Though economic recovery has been less than robust, we have seen our loans increase for the fifth consecutive quarter. Total loans, net of reserves increased to $763.85 million at September 30, 2015 compared to $742.93 a year ago," said Ed Loomis, President and Chief Executive Officer. "Noteworthy during the quarter was approval by regulatory agencies to redeem 4,833 shares of preferred stock at par. This redemption of $4.833 million reduces our preferred stock 17.26 percent and on an annual basis reduces our dividend payment by $435 thousand. It is our intent to redeem additional shares of preferred stock prior to year end."
CBAN: 9.69 (+0.17)
Colony Bankcorp, Inc. Announces Second Quarter Results
GlobeNewswire - Thu Jul 23, 7:00AM CDT
Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported net income available to shareholders of $1,555,000, or $0.18 per diluted share for the second quarter of 2015 compared to $1,335,000, or $0.16 per diluted share for the comparable 2014 period, while net income available to shareholders for six month period ended June 30, 2015 was $2,808,000, or $0.33 per diluted share compared to $2,149,000, or $0.25 per share for the comparable 2014 period. This increase of 30.67 percent in net income for the comparable six month period was primarily driven by a reduction in provision for loan losses, an increase in noninterest income and a reduction in noninterest expense. "While we had solid improvement in earnings, we also are pleased to report asset quality improvement. Total non-performing assets were $26.16 million at June 30, 2015 which is a reduction of 2.27 percent from the prior quarter end and 17.18 percent from the year ago period. Substandard assets to tier one capital plus loan loss reserve now stands at 28.74 percent - down from the prior year end level of 32.39 percent," said Ed Loomis, President and Chief Executive Officer. "Noteworthy during the quarter was continued positive trends with loan activity as total loans increased to $759.69 million at June 30, 2015 compared to $753.24 million at March 31, 2015. The quarter culminated with the inclusion of Colony in the Russell Microcap Index. The Index is completely reconstituted annually to ensure new and growing equities are reflected and companies continue to reflect appropriate capitalization and value characteristics. This is indicative of the marked progress the company has made over the past several quarters."
CBAN: 9.69 (+0.17)
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: 9.69 (+0.17)
