Colony Bankcorp, Inc.
- Open
- 21.02
- Day high
- 21.02
- Day low
- 20.68
- Prev close
- 20.98
- Volume
- 222K
- Mkt cap
- $442M
- P/E (TTM)
- 13.1
- EPS (TTM)
- $1.60
- P/B
- 1.2
- P/S
- 2.2
- Yield
- 2.27%
- Per share
- $0.47
- ▲Insiders net buying $40K over the last 3 months (2 open-market buys, 0 sales)
- 🏛Institutions mixed (13F)
Colony Bankcorp, Inc. (CBAN) is a Financial Services company listed on NASDAQ. The stock is up 18% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 0 sales (SEC Form 4).
Colony Bankcorp, Inc. (CBAN) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CBAN earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.45 | $0.45 | +0.0% | $40M | -0.8% |
| Mar 13, 2026 | — | $0.42 | — | $52M | — |
| Oct 22, 2025 | $0.47 | $0.47 | +0.0% | $33M | -13.3% |
| Jul 23, 2025 | $0.40 | $0.46 | +15.0% | $32M | -3.3% |
| Apr 23, 2025 | $0.40 | $0.38 | -5.0% | $30M | +0.3% |
| Mar 14, 2025 | — | $0.42 | — | $46M | — |
| Oct 23, 2024 | $0.33 | $0.32 | -3.0% | $29M | -0.3% |
| Jul 24, 2024 | $0.31 | $0.31 | +0.0% | $28M | +0.4% |
| Jan 31, 2024 | $0.32 | $0.32 | +0.0% | $43M | — |
| Oct 25, 2023 | $0.33 | $0.33 | +0.0% | $29M | +2.3% |
| Jul 26, 2023 | $0.29 | $0.33 | +13.8% | $28M | +11.8% |
| Apr 27, 2023 | $0.28 | $0.31 | +10.7% | $28M | -5.2% |
CBAN insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 17, 2026 | Reed Matthew D.director | Grant | 990 | — |
| Jul 17, 2026 | Joiner Paul E IIIdirector | Grant | 990 | — |
| Jul 17, 2026 | Hollingsworth Audreydirector | Grant | 990 | — |
| Jul 17, 2026 | Schmitt Brian Ddirector, officer: Executive Vice Chairman | Grant | 990 | — |
| Jul 17, 2026 | Massee Mark Hdirector | Grant | 990 | — |
| Jul 17, 2026 | Downing Scott Lowelldirector | Grant | 990 | — |
| Jul 17, 2026 | Shelnutt Derekofficer: CFO | Grant | 3,088 | — |
| Jul 17, 2026 | Mowry Meagan M.director | Grant | 990 | — |
| Jul 17, 2026 | Senn Laurieofficer: CHIEF ADMINISTRATIVE OFFICER | Grant | 2,224 | — |
| Jul 17, 2026 | Bateman Leonard H JRofficer: EVP & Chief Credit Officer | Grant | 3,152 | — |
| Jul 17, 2026 | Dockery Kimberly C.officer: Chief of Staff, EVP | Grant | 3,028 | — |
| Jul 17, 2026 | Bagwell Leeofficer: Executive VP | Grant | 2,412 | — |
| Jul 17, 2026 | Copeland R Dallis Jrofficer: President | Grant | 5,632 | — |
| Jul 17, 2026 | Fountain T Heathdirector, officer: President and CEO | Grant | 10,576 | — |
| Jul 17, 2026 | Canup Edward Gofficer: CHIEF BANKING OFFICER | Grant | 3,400 | — |
Source: CBAN SEC Form 4 filings, latest Jul 17, 2026. For informational purposes only — not investment advice.
See the full CBAN insider & 13F page →Colony Bankcorp, Inc. company profile
Overview
Colony Bankcorp, Inc. (NYSE:CBAN) is a regional bank holding company founded in 1975 and headquartered in Fitzgerald, Georgia. The company operates through its subsidiary Colony Bank, which provides traditional banking services across Georgia through 39 locations. Colony Bankcorp went public in 1998 and has grown from a small community bank into a diversified financial services provider serving both commercial and consumer customers throughout Georgia. In recent years, the company has expanded beyond traditional banking by developing complementary business lines including small business specialty lending, mortgage banking, insurance services, and merchant services.
Business
Colony Bankcorp operates in the regional banking industry, which involves collecting deposits from customers and lending those funds to borrowers while earning profit from the interest rate spread. The company's core business revolves around traditional commercial banking services, but it has diversified into several complementary financial services segments. The primary business segments include: 1. Traditional Banking Operations (approximately 70-80% of revenue): This includes accepting various types of deposits such as checking accounts, savings accounts, and certificates of deposit from both individual consumers and businesses. The bank then uses these deposits to make loans to customers, including commercial real estate loans, business loans, residential mortgages, construction loans, agricultural loans, and consumer loans. The bank earns money primarily through net interest income - the difference between what it pays depositors and what it charges borrowers. 2. Small Business Specialty Lending (SBSL) Division: This segment focuses on specialized lending products for small businesses, often involving SBA (Small Business Administration) guaranteed loans and other niche lending products. This division has been a significant growth driver and contributor to noninterest income. 3. Mortgage Banking: The company originates residential mortgage loans, which are often sold to secondary market investors while retaining servicing rights. This generates fee income from loan origination and ongoing servicing. 4. Insurance Services: Through acquisitions like the recent Ellerbee Agency purchase, Colony provides insurance products and services, generating commission income. 5. Other Financial Services: Including merchant services for businesses, marine and RV lending, and various digital banking and payment services. The banking industry operates under a highly regulated environment, with institutions required to maintain specific capital ratios, comply with lending regulations, and undergo regular examinations by federal and state banking authorities.
Revenue model
Colony Bankcorp generates revenue through multiple streams typical of regional banks. The primary revenue source is net interest income, which represents the difference between interest earned on loans and investments and interest paid on deposits and borrowings. This spread-based model means the bank profits when it can lend money at higher rates than it pays to attract deposits. The company's paying customers include small and medium-sized businesses seeking commercial loans, individuals needing residential mortgages or consumer loans, and depositors who provide the funding base. Commercial real estate developers, agricultural businesses, and construction companies represent significant customer segments given Colony's Georgia market focus. Secondary revenue streams include noninterest income from loan origination fees, mortgage banking activities, insurance commissions, merchant services fees, and various banking service charges. The SBSL division generates both interest income and fee income from specialized lending products. Several factors influence Colony's profitability margins. Interest rate environment significantly impacts net interest margins - rising rates can benefit the bank if loan rates adjust faster than deposit costs, while falling rates can compress margins. Competition for deposits affects funding costs, as banks must offer competitive rates to attract and retain deposits. Credit quality directly impacts profitability through loan loss provisions - economic downturns or specific industry challenges can increase charge-offs and reduce earnings. Regulatory changes can affect operating costs and capital requirements. Local economic conditions in Georgia markets influence loan demand and credit quality, while operational efficiency measures like the efficiency ratio (noninterest expenses divided by revenue) determine how much of the revenue flows to the bottom line. The company's diversification into complementary business lines helps reduce dependence on traditional banking margins and provides additional fee income streams that are less sensitive to interest rate fluctuations.
Competitive moat
Colony Bankcorp operates in a moderately competitive regional banking market with limited but meaningful competitive advantages. The company's primary moat stems from its established local market presence in Georgia, where it has built relationships over nearly five decades of operation. Regional banks often benefit from superior knowledge of local market conditions, personal relationships with business owners, and faster decision-making compared to large national banks. The company's diversified business model provides some competitive differentiation, particularly through its SBSL division which has developed specialized expertise in small business lending. This specialization allows Colony to serve market segments that larger banks may find less attractive due to smaller transaction sizes and the need for more personalized service. However, Colony's moat is not particularly strong or durable. The banking industry faces intense competition from multiple directions: larger regional and national banks with greater resources and technology capabilities, credit unions offering competitive rates, and emerging fintech companies providing digital-first banking solutions. Geographic concentration in Georgia creates both opportunity and risk - while local market knowledge is valuable, the bank's fortunes are tied to the economic health of its specific markets. The company's relatively small size (approximately $3.1 billion in assets) limits its ability to invest in cutting-edge technology or compete on scale efficiencies with larger institutions. Recent investments in digital banking platforms and process automation represent attempts to address this challenge, but Colony remains vulnerable to larger competitors who can offer more sophisticated products and services. Regulatory barriers to entry provide some protection, as starting a new bank requires significant capital and regulatory approval. However, this protection is diminishing as non-bank financial service providers can offer many banking-like services without full banking charters.
Risks & safety
Colony Bankcorp presents a moderate margin of safety profile typical of well-capitalized regional banks, though with some areas requiring attention. • Liquidity and Solvency: Strong capital position with no significant debt-to-equity concerns (0.89 debt-to-equity ratio reflects typical banking leverage). Cash and short-term investments of $26 million provide adequate liquidity buffer. Positive free cash flow of $22.3 million in 2024 indicates healthy cash generation. • Valuation Metrics: Trading at reasonable multiples with P/E ratio of 11.9x and price-to-book ratio near 1.0x, suggesting fair valuation relative to book value. Graham number analysis indicates potential undervaluation. • Credit Quality: Manageable credit risk with non-performing assets of $12.4 million and classified loans of $26.4 million. Net charge-offs remain controlled at approximately $606,000 quarterly. • Interest Rate Risk: Asset-sensitive balance sheet positioning provides some protection against rate cuts, with new loan originations in mid-to-high 7% range offering repricing opportunities. • Regulatory Capital: Well-capitalized status maintained with adequate capital ratios above regulatory minimums. • Operational Concerns: Return on assets below 1% target indicates efficiency challenges, though management expects improvement. Geographic concentration in Georgia creates some diversification risk.
Recent development
Over the past few years, Colony Bankcorp has undergone significant strategic evolution focused on diversification, operational efficiency, and technology modernization. The company has shifted from a pure community bank model to a more diversified financial services provider. Business Diversification Initiatives: The company has aggressively expanded its complementary business lines, with the SBSL division becoming a significant contributor to earnings. Recent acquisitions include the Ellerbee Agency in the insurance segment, and the launch of new services including a credit card program and enhanced merchant services. The marine and RV lending division has returned to profitability after initial challenges. Technology and Digital Transformation: Colony has made substantial investments in technology infrastructure, including launching a new digital banking platform and implementing robotic process automation (RPA) to improve operational efficiency. These initiatives aim to enhance customer experience while reducing operational costs and enabling scalable growth. Strategic Leadership Changes: The company promoted key executives including Ed Canup, Daniel Rentz, and Laurie Senn, while CEO Heath Fountain has shifted focus toward strategic initiatives and M&A activities. The company also transferred its stock listing to the New York Stock Exchange, signaling ambitions for broader market recognition. Operational Focus Shift: Management has moved from aggressive growth to sustainable profitability, targeting a return to historical loan growth rates of 8-12% while maintaining strict expense discipline. The company is targeting a 1% return on assets by Q4 2025, indicating focus on operational efficiency improvements. Market Expansion: Colony has explored expansion into new markets including Birmingham and Huntsville, representing potential growth opportunities beyond its traditional Georgia footprint.
CBAN company profile · for informational purposes only — not investment advice.
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