Colony Bankcorp: Q2 Earnings Snapshot

Associated Press Finance
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FITZGERALD, Ga. (AP) — FITZGERALD, Ga. (AP) — Colony Bankcorp Inc. (CBAN) on Wednesday reported second-quarter profit of $5.3 million.

The bank, based in Fitzgerald, Georgia, said it had earnings of 30 cents per share. Earnings, adjusted for one-time gains and costs, were 33 cents per share.

The bank holding company posted revenue of $39.7 million in the period. Its revenue net of interest expense was $28.1 million, missing Street forecasts.

Colony Bankcorp shares have dropped 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.62, a fall of 25% 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

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