Colony Bankcorp Reports Q4 & FY 2023 Financial Results

Ticker: CBAN · Form: 8-K · Filed: Jan 24, 2024 · CIK: 711669

Complexity: simple

Sentiment: neutral

Topics: earnings, financial-results, bank, disclosure

TL;DR

**Colony Bankcorp just dropped its Q4 and full-year 2023 earnings, giving investors the latest look at its financial health.**

AI Summary

Colony Bankcorp, Inc. filed an 8-K on January 24, 2024, to announce its financial results for the fourth quarter and full year ended December 31, 2023. The company issued a press release detailing these results, which included information on its operations and financial condition. This matters to investors because it provides the latest performance metrics, allowing them to assess the bank's profitability, asset quality, and overall financial health, which can influence stock valuation and future investment decisions.

Why It Matters

This filing provides investors with crucial financial performance data, enabling them to evaluate Colony Bankcorp's recent profitability and stability. Understanding these results is key to making informed decisions about holding or buying CBAN stock.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results, which generally carries a low risk as it provides transparency rather than signaling adverse events.

Analyst Insight

A smart investor would review the full press release referenced in this 8-K to analyze the detailed financial results for Q4 and full-year 2023, paying close attention to key metrics like net interest income, loan growth, asset quality, and earnings per share to assess the company's performance and future outlook.

Key Players & Entities

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 24, 2024, which is the date Colony Bankcorp, Inc. issued its press release regarding financial results.

What specific items of information are included in this 8-K filing?

This 8-K filing includes 'Results of Operations and Financial Condition,' 'Regulation FD Disclosure,' and 'Financial Statements and Exhibits' as per the ITEM INFORMATION section.

What is the trading symbol for Colony Bankcorp, Inc.'s common stock and on which exchange is it registered?

The trading symbol for Colony Bankcorp, Inc.'s common stock is CBAN, and it is registered on The NASDAQ Stock Market LLC.

What is the par value of Colony Bankcorp, Inc.'s common stock?

The par value of Colony Bankcorp, Inc.'s common stock is $1.00 per share.

What is the business address and phone number of Colony Bankcorp, Inc. as stated in the filing?

Colony Bankcorp, Inc.'s business address is 115 South Grant Street, Fitzgerald, Georgia 31750, and its telephone number is (229) 426-6000.

Filing Stats: 626 words · 3 min read · ~2 pages · Grade level 10.3 · Accepted 2024-01-24 16:30:24

Key Financial Figures

Filing Documents

02. Results of Operation and Financial Condition

Item 2.02. Results of Operation and Financial Condition On January 24, 2024 , Colony Bankcorp, Inc. (the "Company") issued a press release announcing its consolidated financial results for the fourth quarter ended December 31, 2023, as well as the announcement of a regular quarterly cash dividend. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure The Company is furnishing a copy of its most recent investor presentation, which it intends to use in connection with certain community group presentations. A copy of the presentation materials to be used by the Company is furnished as Exhibit 99.2 to this Current Report and is incorporated herein by reference. The Company will also host an investor earnings call at 9:00 a.m. EST on Thursday, January 25, 2024. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 99.1 Colony Bankcorp, Inc., press release dated January 2 4 202 4 99.2 Investor Presentation dated January 2 4 , 202 4 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COLONY BANKCORP, INC. Date: January 24, 2024 By: /s/ T. Heath Fountain T. Heath Fountain Chief Executive Officer

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