Colony Bankcorp Reports Q3 2026 Net Income of $10.5 Million Amid NIM Expansion
Colony Bankcorp (CBAN) reported third-quarter 2026 results featuring a net income of $10.5 million, or $0.50 per diluted share, a slight decrease from the previous quarter's $0.51 per share. Despite the dip in earnings, the company saw its Net Interest Margin (NIM) expand by 7 basis points to 3.59%, driven by higher yields on earning assets. Total loans grew by 2% annualized to $2.48 billion, while wealth management assets under management rose by 11% annually. The bank is currently navigating the integration of First Reliance, which CEO Heath Fountain expects will temporarily suppress Return on Average Assets (ROA) by 10-15 basis points due to dual core system operating expenses. Additionally, management noted an increase in classified and criticized loans, primarily stemming from a single $16 million commercial construction loan relationship. To bolster liquidity for future loan growth, the company plans to sell $100 million in underperforming securities.
Tickers: $CBAN
Topics: deposit trends loan growth net income net interest margin wealth management