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Mar 30
Colony Bankcorp Q1 2025 Earnings Report
Colony Bankcorp reported strong financial results for the first quarter of 2025, with increased net income and improved loan growth, alongside a declared quarterly cash dividend.
Key Takeaways
Colony Bankcorp reported a net income of $6.6 million, or $0.38 per diluted share, for the first quarter of 2025. This represents an increase from $5.3 million, or $0.30 per diluted share, in the first quarter of 2024. The company saw strong loan and deposit growth, with total loans increasing by $78.3 million and total deposits increasing by $54.6 million from the prior quarter.
Net income for Q1 2025 was $6.6 million, an increase from $5.3 million in Q1 2024.
Diluted earnings per share for Q1 2025 were $0.38, up from $0.30 in Q1 2024.
Total loans, excluding held for sale, increased by $78.3 million to $1.92 billion at March 31, 2025.
Total deposits increased by $54.6 million to $2.62 billion at March 31, 2025.
Colony Bankcorp
Colony Bankcorp
Colony Bankcorp Revenue by Segment
Colony Bankcorp Revenue by Geographic Location
Revenue by Segment
Banking Division Revenue
CapyFin.comMortgage Banking Division Revenue
CapyFin.comSmall Business Specialty Lending Division Revenue
CapyFin.comRevenue by Geographic Location
Coastal Georgia Revenue
CapyFin.comMiddle Georgia Revenue
CapyFin.comAtlanta and North Georgia Revenue
CapyFin.comSouth Georgia Revenue
CapyFin.comWest Georgia Revenue
CapyFin.comAlabama Revenue
CapyFin.comFlorida Revenue
CapyFin.comAugusta Revenue
CapyFin.com Forward Guidance
Colony Bankcorp remains optimistic about future revenue growth, expecting it to strengthen in coming quarters due to seasonal activity and the recent acquisition of Ellerbee Agency. Despite market volatility, the company is confident in its operational strength and resilience, focusing on strategic initiatives.
Positive Outlook
- Expectation of strengthening revenue in coming quarters as seasonal activity picks up.
- Positive outlook on the acquisition of Ellerbee Agency and its success as part of Colony Insurance.
- Confidence in the strength and resilience of operations despite recent market volatility.
- Solid long-term fundamentals supporting continued progress on strategic initiatives.
- Well-positioned to navigate changing market conditions effectively.
Challenges Ahead
- Noninterest income came in lighter during the first quarter, consistent with typical seasonal trends.
- Potential impacts of current and future economic conditions on the financial services industry, including real estate market declines.
- Risks from high unemployment rates, inflationary pressures, and changes in interest rates affecting financial projections.
- Potential impacts of adverse developments in the banking industry, including customer confidence and deposit outflows.
- Risks related to increased competition from regional, national, and fintech companies.