Colony Bankcorp, Inc. reported net income of $6.6 million, or $0.38 per diluted share, for the first quarter of 2025. The Board of Directors declared a quarterly cash dividend of $0.1150 per share, payable on May 21, 2025, to shareholders of record as of May 7, 2025.
CEO Heath Fountain noted strong financial results, including continued improvement in net interest margin and better-than-expected loan growth. The company also achieved significant low-cost deposit growth, contributing to a lower cost of funds and building customer deposit relationships.
Noninterest income was lighter during the first quarter, consistent with typical seasonal trends early in the year, but is expected to strengthen in coming quarters. The acquisition of the Ellerbee Agency, announced and closed in April, is also anticipated to contribute to future revenue.
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