Colony Bankcorp, Inc. (CBAN)

Colony Bankcorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	110.22	99.26	70.76	60.11	55.55	50.28
Interest Income on Investments	24.24	25.66	20.77	10.47	7.58	10.21
Total Interest Income	134.45	124.92	91.54	70.59	63.13	60.48
Interest Paid on Deposits	48.92	35.46	5.88	2.6	5.6	10.05
Interest Paid on Borrowings	11.05	11.21	4.99	1.8	2.28	2.59
Total Interest Expense	59.98	46.67	10.87	4.4	7.88	12.64
Net Interest Income	74.48	78.24	80.67	66.19	55.25	47.85
Net Interest Income Growth (YoY)	-7.79%	-3.01%	21.88%	19.81%	15.46%	17.28%
Mortgage Banking Activities	5.71	6.13	8.55	13.21	9.15	3.2
Gain (Loss) on Sale of Assets	-	-	-	-	1.08	-
Gain (Loss) on Sale of Investments	-1.43	-	-0.08	-0.09	0.93	0.1
Other Non-Interest Income	16.19	15.71	12.47	9.4	6.19	5.12
Total Non-Interest Income	38.37	35.63	35.03	36.29	24.24	14
Non-Interest Income Growth (YoY)	12.80%	1.74%	-3.49%	49.69%	73.12%	45.56%
Revenues Before Loan Losses	112.85	113.88	115.7	102.48	79.49	61.85
Provision for Loan Losses	3.9	3.6	3.37	0.7	6.56	1.1
Revenue	108.95	110.28	112.33	101.78	72.93	60.75
Revenue Growth (YoY)	-2.54%	-1.82%	10.36%	39.56%	20.06%	20.97%
Salaries and Employee Benefits	46.76	47.53	51.07	45	34.11	26.18
Occupancy Expenses	5.42	5.66	5.92	5.8	5.07	4.7
Selling, General & Administrative	18.57	18.41	21	15.45	11.22	9.8
Other Non-Interest Expense	10.4	11.47	11.49	7.67	5.54	4.72
Total Non-Interest Expense	81.15	83.07	89.48	73.92	55.93	45.4
EBT Excluding Unusual Items	27.8	27.21	22.85	27.86	17	15.34
Asset Writedown	-	-	-	-0.09	-0.58	-
Other Unusual Items	-	-	-	-	-0.93	-
Pretax Income	27.8	27.21	22.85	23.15	14.63	12.61
Income Tax Expense	5.77	5.47	3.31	4.5	2.82	2.4
Net Income	22.03	21.75	19.54	18.66	11.82	10.21
Net Income to Common	22.03	21.75	19.54	18.66	11.82	10.21
Net Income Growth	1.54%	11.28%	4.73%	57.93%	15.71%	-14.32%
Basic Shares Outstanding	18	18	17	11	9	9
Diluted Shares Outstanding	18	18	17	11	9	9
Shares Change (YoY)	-0.16%	2.25%	52.75%	18.48%	4.04%	6.92%
EPS (Basic)	1.25	1.24	1.14	1.66	1.24	1.12
EPS (Diluted)	1.25	1.24	1.14	1.66	1.24	1.12
EPS Growth	1.70%	8.83%	-31.44%	33.71%	10.87%	-20.11%
Dividend Per Share	0.448	0.440	0.430	0.410	0.400	0.300
Dividend Growth	2.29%	2.33%	4.88%	2.50%	33.33%	50.00%
Effective Tax Rate	20.74%	20.09%	14.48%	19.41%	19.24%	19.02%

Source: S&P Capital IQ. Banks template. Financial Sources.