AP NEWS

Colony Bankcorp: 4Q Earnings Snapshot

January 17, 2019

FITZGERALD, Ga. (AP) _ Colony Bankcorp Inc. (CBAN) on Thursday reported net income of $3 million in its fourth quarter.

The Fitzgerald, Georgia-based bank said it had earnings of 35 cents per share. Earnings, adjusted for non-recurring costs, were 37 cents per share.

The bank holding company posted revenue of $15.3 million in the period. Its revenue net of interest expense was $12.9 million, which topped Street forecasts.

For the year, the company reported profit of $11.9 million, or $1.40 per share. Revenue was reported as $50.4 million.

Colony Bankcorp shares have increased 7.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.69, a rise of roughly 9 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBAN at https://www.zacks.com/ap/CBAN

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