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Colony Bankcorp: 3Q Earnings Snapshot

·1 min read

FITZGERALD, Ga. (AP) _ Colony Bankcorp Inc. (CBAN) on Thursday reported third-quarter earnings of $3.1 million.

The Fitzgerald, Georgia-based bank said it had earnings of 33 cents per share. Earnings, adjusted for non-recurring costs, were 39 cents per share.

The bank holding company posted revenue of $23.1 million in the period. Its revenue net of interest expense was $21.4 million, surpassing Street forecasts.

Colony Bankcorp shares have decreased 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.40, a drop of 22% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBAN at https://www.zacks.com/ap/CBAN