COLONY BANKCORP INC CBAN
COLONY BANKCORP, INC.
Colony Bankcorp, Inc. (the "Company" or "Colony") is a financial services company and a registered bank holding company headquartered in Fitzgerald, Georgia. The Company was incorporated on November 8, 1982 under the laws of the State of Georgia. The Company was organized for the purpose of operating as a bank holding company under the Bank Holding Company Act of 1956, as amended, and the bank holding company laws of Georgia. Our business is conducted primarily through our wholly-owned bank subsidiary, Colony Bank, a Georgia state-chartered commercial bank, which provides a broad range of banking services to its retail and commercial customers. We operate locations throughout Georgia as well as in Birmingham, Alabama, and Jacksonville, Santa Rosa Beach and Tallahassee, Florida. At December 31, 2025, we had approximately $3.7 billion in total assets, $2.5 billion in total loans, $3.1 billion in total deposits and $375.9 million in stockholder's equity. Deposits are insured, up to applicable limits, by the Federal Deposit Insurance Corporation.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $150.0M | $137.2M | $124.9M | $91.5M | $70.6M | $63.1M | $60.5M | $49.0M | $45.9M | $44.6M |
| Interest expense | $91.9M | $76.1M | $78.2M | $10.9M | $4.4M | $7.9M | $12.6M | $8.2M | $6.9M | $6.5M |
| Pre-tax income | $35.1M | $29.6M | $27.2M | $22.9M | $23.2M | $14.6M | $12.6M | $14.9M | $14.5M | $12.5M |
| Income tax | $6.9M | $5.7M | $5.5M | $3.3M | $4.5M | $2.8M | $2.4M | $3.0M | $6.8M | $3.9M |
| Net income | $28.3M | $23.9M | $21.7M | $19.5M | $18.7M | $11.8M | $10.2M | $11.9M | $7.8M | $8.7M |
| EPS, basic | 1.59 | 1.36 | 1.24 | 1.14 | 1.66 | 1.24 | 1.12 | 1.41 | 0.89 | 0.85 |
| EPS, diluted | 1.59 | 1.36 | 1.24 | 1.14 | 1.66 | 1.24 | 1.12 | 1.40 | 0.87 | 0.84 |
| Shares, diluted (wtd. avg.) | $17.8M | $17.6M | $17.6M | $17.2M | $11.3M | $9.5M | $9.1M | $8.5M | $8.6M | $8.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $257.6M | $231.0M | $83.3M | $80.7M | $197.2M | $183.5M | $104.1M | $60.2M | $57.8M | $28.8M |
| Property, plant and equipment | $37.0M | $37.8M | $39.9M | $41.6M | $43.0M | $32.1M | $32.5M | $28.8M | $27.6M | $28.0M |
| Goodwill | $63.9M | $48.9M | $48.9M | $48.9M | $52.9M | $16.0M | $16.5M | $202.0K | — | — |
| Other intangibles | $7.9M | $3.0M | $4.2M | $5.7M | $7.4M | $2.3M | $3.1M | $556.0K | $44.8K | $80.5K |
| Total assets | $3.74B | $3.11B | $3.05B | $2.94B | $2.69B | $1.76B | $1.52B | $1.25B | $1.23B | $1.21B |
| Long-term debt | $258.1M | $248.0M | $238.4M | $203.4M | $88.4M | $167.1M | $85.8M | — | — | — |
| Total liabilities | $3.36B | $2.83B | $2.80B | $2.71B | $2.47B | $1.62B | $1.38B | $1.16B | — | — |
| Retained earnings | $160.6M | $140.4M | $124.4M | $111.6M | $99.2M | $85.0M | $77.0M | $69.5M | $59.2M | $51.5M |
| Total equity | $375.9M | $278.7M | $254.9M | $230.3M | $217.7M | $144.5M | $130.5M | $95.7M | $90.3M | $93.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.5M | $23.4M | $21.0M | $49.7M | $36.1M | -$19.1M | $3.9M | $14.9M | $12.5M | $13.4M |
| Depreciation and amortisation | $7.7M | $8.1M | $8.7M | $11.6M | $2.7M | $2.3M | $2.1M | $1.8M | $1.6M | $1.6M |
| Stock-based compensation | $785.0K | $1.3M | $1.7M | $1.7M | $599.0K | $33.0K | $34.0K | $14.0K | — | — |
| Capital expenditure | $1.4M | $1.1M | $3.6M | $2.9M | $5.8M | $4.2M | $3.5M | $2.8M | $1.3M | $3.3M |
| Investing cash flow | $3.4M | $101.2M | -$98.8M | -$448.2M | -$208.3M | -$130.3M | $6.8M | -$9.3M | -$32.8M | -$35.4M |
| Financing cash flow | $28.7M | $23.2M | $80.4M | $281.9M | $186.0M | $228.8M | $33.3M | -$3.3M | $14.6M | $28.6M |
| Dividends paid | $8.0M | $7.9M | $7.7M | $7.2M | $4.5M | $3.8M | $2.7M | $1.7M | $843.9K | — |
| Buybacks | $2.4M | $1.3M | $406.0K | $540.0K | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-044388.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |