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Colony Bankcorp: Q1 Earnings Snapshot

April 22, 2021 GMT

FITZGERALD, Ga. (AP) _ Colony Bankcorp Inc. (CBAN) on Thursday reported first-quarter net income of $4.9 million.

The bank, based in Fitzgerald, Georgia, said it had earnings of 52 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, came to 53 cents per share.

The bank holding company posted revenue of $24 million in the period. Its revenue net of interest expense was $22.9 million, beating Street forecasts.

Colony Bankcorp shares have climbed slightly more than 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.99, a rise of 38% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBAN at https://www.zacks.com/ap/CBAN