Colony Bankcorp (CBAN) Reports Q3 EPS of $0.19

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Go back to Colony Bankcorp (CBAN) Reports Q3 EPS of $0.19

Colony Bankcorp, Inc. Announces Fourth Quarter Results

January 26, 2016 8:00 AM EST

FITZGERALD, Ga., Jan. 26, 2016 (GLOBE NEWSWIRE) -- 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... More