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Colony Bankcorp (CBAN)
NYSE:CBAN
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Earnings Data
Report Date
Jan 16, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.35Last Year’s EPS
$0.31Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 5.57%
|Next Earnings Date:Jan 16, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with increased net income, loan and deposit growth, improved efficiency, and successful digital initiatives. However, challenges such as margin pressure, expected loan payoffs, and external impacts from Hurricane Helene were noted.Company Guidance
During Colony Bank's Q3 2024 earnings call, the management provided an optimistic outlook based on several key financial metrics. The operating net income increased by $238,000, driven by a $132,000 rise in net interest income and a significant 20% growth in combined pretax net income from complementary business lines. Deposit growth was observed with a $64.7 million increase, while loans held for investment rose by $20 million, or approximately 4% annualized. Despite a slight decrease in the net interest margin by 4 basis points, the management is confident that margin expansion will occur in the coming quarters. The operating net noninterest expense to average assets improved to 1.32%, continuing a seven-quarter trend of quarter-over-quarter improvement. Additionally, recent strategic investments, including a new digital banking platform and the hiring of a Director of Optimization, underscore the bank's commitment to efficiency and future profitability.Increased Net Income
Operating net income increased by $238,000 during the third quarter, driven by increases in both net interest income and noninterest income.
Loan and Deposit Growth
Loan growth was around 4% on an annualized basis, and total deposits increased by $64.7 million in the third quarter.
Improved Operating Efficiency
The operating net noninterest expense to average assets metric improved to 1.32%, continuing a positive trend over the last 7 quarters.
Successful Launch of Digital Banking Platform
A new digital online banking platform was launched, enhancing customer experience and supporting future growth and expansion.
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CBAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CBAN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $15.29 | $15.01 | -1.83% |
| Jul 24, 2024 | $13.78 | $13.94 | +1.16% |
| Apr 24, 2024 | $10.49 | $10.58 | +0.86% |
| Jan 24, 2024 | $12.62 | $12.65 | +0.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Colony Bankcorp (CBAN) report earnings?
Colony Bankcorp (CBAN) is schdueled to report earning on Jan 16, 2025, TBA Not Confirmed.
What is Colony Bankcorp (CBAN) earnings time?
Colony Bankcorp (CBAN) earnings time is at Jan 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CBAN EPS forecast?
CBAN EPS forecast for the fiscal quarter 2024 (Q4) is $0.35.
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