Colony Bankcorp Q1 Net Income $8.2M; Adjusted EPS 45 Cents, Revenue Misses Forecast
Colony Bankcorp posted $8.2 million in net income for Q1 and reported GAAP EPS of $0.39 alongside adjusted EPS of $0.45 per share. Total revenue was $55.6 million with net revenue after interest expense at $39.9 million, falling short of analyst forecasts.
1. Q1 Net Income and Earnings
Colony Bankcorp delivered net income of $8.2 million in the first quarter, translating to GAAP earnings per share of $0.39. Excluding one-time gains and costs, the bank achieved adjusted EPS of $0.45 per share.
2. Revenue and Net Interest Income
Total revenue reached $55.6 million, while net interest-margin revenue amounted to $39.9 million, missing analyst projections. The shortfall underscores pressure on interest income in the current operating environment.
Related News
HOOD
Robinhood Secures $3B Wells Fargo TradePMR Team, CFO to Present May 27
HOOD•
MA
Chargebacks911 Partners with acceptcards to Reduce Chargebacks as UK Card Use Tops £1 Trn
MA•
NVDA
Nvidia Q2 Profit Jumps 200% with Revenue Up 85%
NVDA•
INTC
Nvidia’s $91B AI Forecast, $80B Buyback Ramps Up Pressure on Intel
INTC•
CRM
Salesforce Faces Competition from Nvidia’s $200B AI CPU, Nasdaq Rally
CRM•
Sources
FF