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Dec 31, 2019
Colony Bankcorp Q4 2019 Earnings Report
Reported solid results for the fourth quarter and year-end.
Key Takeaways
Colony Bankcorp reported a net income of $2.8 million, or $0.29 per diluted share, for Q4 2019, compared to $3.0 million, or $0.35 per diluted share, for the same quarter last year. Adjusted net income was $3.0 million, or $0.32 per diluted share, versus $3.1 million, or $0.36 per diluted share for the prior-year fourth quarter. The board increased the quarterly cash dividend to $0.10 per share.
Net income for Q4 2019 was $2.8 million, or $0.29 per diluted share.
Adjusted net income for Q4 2019 was $3.0 million, or $0.32 per diluted share.
Net interest margin increased to 3.72%, up eight basis points sequentially and 17 basis points year-over-year.
The Board of Directors increased the quarterly cash dividend to $0.10 per share.