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Colony Bankcorp (CBAN)
NYSE:CBAN
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.33Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 22, 2025
|% Change Since: 10.84%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with several positive highlights such as increased net interest income, deposit growth, and strong performance in the SBSL division. However, there were also challenges such as a decline in mortgage revenue and increased noninterest expenses. Overall, the sentiment is neutral with an optimistic outlook for 2025.Company Guidance
During the Colony Bank Q4 2024 earnings call, the executive team provided a comprehensive overview of the bank's performance metrics and forward-looking guidance. They reported a 20 basis point increase in margin to 2.84%, driven by a $1.9 million increase in net interest income, supported by easing from the Fed and growth in noninterest-bearing and low-cost interest-bearing DDA accounts. Total deposits rose by $43 million, primarily in low-cost categories, while loan balances decreased due to anticipated payoffs, although loan pipelines are expected to grow in 2025. The bank anticipates a 4% to 6% loan growth for 2025, primarily in the second half of the year. Noninterest income saw an increase, particularly from the SBSL division, though mortgage revenue faced headwinds due to rising 10-year treasury rates. Operating net income rose by $1.8 million, with interest income on loans and cash balances showing gains, while total interest expense declined by $544,000. The bank aims to reach a near-term ROA target of 1% by Q4 2025, maintaining strong credit quality, with nonperforming loans declining despite a slight increase in net charge-offs. Additionally, the bank transferred its common stock listing to the NYSE and announced executive team changes to support strategic growth initiatives in 2025.Net Interest Income Increase
Net interest income increased by $1.9 million quarter-over-quarter, driven by a 20 basis points increase in margin to 2.84%.
Deposit Growth
Total deposits increased by $43 million from the prior quarter, primarily in low-cost deposit categories.
SBSL Division Performance
The SBSL division had a strong quarter with revenue increasing by $536,000 quarter-over-quarter.
Dividend Increase
Announced another consecutive year of increase in quarterly dividend, enhancing shareholder value.
Stock Listing Transfer
Transferred common stock listing to the New York Stock Exchange, expected to benefit shareholders in the long term.
Loan Production Increase
New funded commercial loan production was about 15% higher than the year-to-date average for the first three quarters of 2024.
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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 |
|---|---|---|---|
| Jan 22, 2025 | $15.59 | $16.84 | +8.02% |
| Oct 23, 2024 | $15.18 | $14.91 | -1.78% |
| Jul 24, 2024 | $13.69 | $13.84 | +1.10% |
| Apr 24, 2024 | $10.42 | $10.50 | +0.77% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Colony Bankcorp (CBAN) earnings time?
Colony Bankcorp (CBAN) earnings time is at Apr 24, 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 2025 (Q1) is 0.38.
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