Colony Bankcorp (CBAN)


Market Price (8/9/2026): $22.0 | Market Cap: $465.5 MilSector: Financials | Industry: Regional Banks

Colony Bankcorp (CBAN)


Market Price (8/9/2026): $22.0
Market Cap: $465.5 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.6%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -29%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%

Low stock price volatility
Vol 12M is 25%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending.

Trading close to highs
Dist 52W High is -0.5%, Dist 3Y High is -0.5%

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 19x

Key risks
CBAN key risks include [1] potential credit quality deterioration from a loan portfolio concentrated in real estate, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.6%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -29%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
3 Low stock price volatility
Vol 12M is 25%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending.
5 Trading close to highs
Dist 52W High is -0.5%, Dist 3Y High is -0.5%
6 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 19x
7 Key risks
CBAN key risks include [1] potential credit quality deterioration from a loan portfolio concentrated in real estate, Show more.

CBAN in ETFs

Weight = CBAN's share of each fund

ITOT0.00%
IWN0.03%
AVUV0.03%
VTWO0.01%
DFAS0.01%
DFAC0.00%
IWV0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 8/1/2026

Colony Bankcorp (CBAN) stock has gained about 10% since 4/30/2026 because of the following key factors:

1. Colony Bankcorp exceeded analyst expectations with its second-quarter fiscal 2026 earnings. The company reported an Earnings Per Share (EPS) of $0.52 for fiscal Q2 2026, surpassing the consensus estimate of $0.48 by $0.04. Additionally, quarterly revenue reached $42.03 million, exceeding analyst projections of $40.90 million. This strong performance included an operating net income of $11.0 million, continued net interest margin expansion, and growth in loans and tangible book value.

2. The company announced a definitive merger agreement with First Reliance Bancshares, Inc. On June 24, 2026, Colony Bankcorp signed an agreement to merge with First Reliance Bancshares, Inc. This strategic partnership is anticipated to expand Colony Bankcorp's market presence and generate significant cost savings and earnings accretion, signaling future growth potential to investors.

Show more
Updated on 8/1/2026

Colony Bankcorp (CBAN) stock has gained about 10% since 4/30/2026 because of the following key factors:

1. Colony Bankcorp exceeded analyst expectations with its second-quarter fiscal 2026 earnings. The company reported an Earnings Per Share (EPS) of $0.52 for fiscal Q2 2026, surpassing the consensus estimate of $0.48 by $0.04. Additionally, quarterly revenue reached $42.03 million, exceeding analyst projections of $40.90 million. This strong performance included an operating net income of $11.0 million, continued net interest margin expansion, and growth in loans and tangible book value.

2. The company announced a definitive merger agreement with First Reliance Bancshares, Inc. On June 24, 2026, Colony Bankcorp signed an agreement to merge with First Reliance Bancshares, Inc. This strategic partnership is anticipated to expand Colony Bankcorp's market presence and generate significant cost savings and earnings accretion, signaling future growth potential to investors.

3. Positive analyst sentiment and price targets supported the stock. As of late July 2026, four Wall Street analysts maintained a consensus "Buy" rating for Colony Bankcorp. The average twelve-month price target was $23.00, indicating a forecasted upside of 3.65% from the share price of $22.19 at that time.

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Stock Movement Drivers

Fundamental Drivers

The 12.2% change in CBAN stock from 4/30/2026 to 8/8/2026 was primarily driven by a 14.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020268082026Change
Stock Price ($)19.6122.0112.2%
Change Contribution By: 
Total Revenues ($ Mil)13215214.7%
Net Income Margin (%)21.4%21.6%1.0%
P/E Multiple13.014.29.4%
Shares Outstanding (Mil)1921-11.4%
Cumulative Contribution12.2%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/8/2026
ReturnCorrelation
CBAN12.2% 
Market (SPY)7.6%-7.4%
Sector (XLF)10.5%40.3%

Fundamental Drivers

The 15.1% change in CBAN stock from 1/31/2026 to 8/8/2026 was primarily driven by a 20.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120268082026Change
Stock Price ($)19.1322.0115.1%
Change Contribution By: 
Total Revenues ($ Mil)12615220.3%
Net Income Margin (%)22.1%21.6%-2.3%
P/E Multiple12.014.218.7%
Shares Outstanding (Mil)1721-17.5%
Cumulative Contribution15.1%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/8/2026
ReturnCorrelation
CBAN15.1% 
Market (SPY)12.1%18.8%
Sector (XLF)8.3%47.4%

Fundamental Drivers

The 38.6% change in CBAN stock from 7/31/2025 to 8/8/2026 was primarily driven by a 29.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258082026Change
Stock Price ($)15.8822.0138.6%
Change Contribution By: 
Total Revenues ($ Mil)11715229.3%
Net Income Margin (%)21.4%21.6%0.7%
P/E Multiple11.114.228.7%
Shares Outstanding (Mil)1821-17.3%
Cumulative Contribution38.6%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/8/2026
ReturnCorrelation
CBAN38.6% 
Market (SPY)23.4%25.3%
Sector (XLF)11.3%52.9%

Fundamental Drivers

The 127.3% change in CBAN stock from 7/31/2023 to 8/8/2026 was primarily driven by a 60.9% change in the company's P/E Multiple.
(LTM values as of)73120238082026Change
Stock Price ($)9.6822.01127.3%
Change Contribution By: 
Total Revenues ($ Mil)11615231.2%
Net Income Margin (%)16.7%21.6%29.5%
P/E Multiple8.814.260.9%
Shares Outstanding (Mil)1821-16.8%
Cumulative Contribution127.3%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/8/2026
ReturnCorrelation
CBAN127.3% 
Market (SPY)74.9%41.3%
Sector (XLF)70.4%58.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CBAN Return19%-24%9%26%14%26%79%
Peers Return26%-7%4%14%7%25%86%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
CBAN Win Rate67%33%42%50%50%88% 
Peers Win Rate72%37%48%52%58%68% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CBAN Max Drawdown-15%-32%-33%-21%-21%-9% 
Peers Max Drawdown-23%-26%-36%-18%-25%-15% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SSB, ABCB, RNST, FMBH, PFS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)

How Low Can It Go

EventCBANS&P 500
2025 US Tariff Shock
  % Loss-20.3%-18.8%
  % Gain to Breakeven25.5%23.1%
  Time to Breakeven88 days79 days
2023 SVB Regional Banking Crisis
  % Loss-32.3%-6.7%
  % Gain to Breakeven47.8%7.1%
  Time to Breakeven218 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-23.3%-24.5%
  % Gain to Breakeven30.3%32.4%
  Time to Breakeven720 days427 days
2020 COVID-19 Crash
  % Loss-32.9%-33.7%
  % Gain to Breakeven49.0%50.9%
  Time to Breakeven231 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.8%-19.2%
  % Gain to Breakeven26.3%23.8%
  Time to Breakeven872 days105 days
2013 Taper Tantrum
  % Loss-10.1%-0.2%
  % Gain to Breakeven11.3%0.2%
  Time to Breakeven290 days1 days

Compare to SSB, ABCB, RNST, FMBH, PFS

In The Past

Colony Bankcorp's stock fell -20.3% during the 2025 US Tariff Shock. Such a loss loss requires a 25.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCBANS&P 500
2025 US Tariff Shock
  % Loss-20.3%-18.8%
  % Gain to Breakeven25.5%23.1%
  Time to Breakeven88 days79 days
2023 SVB Regional Banking Crisis
  % Loss-32.3%-6.7%
  % Gain to Breakeven47.8%7.1%
  Time to Breakeven218 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-23.3%-24.5%
  % Gain to Breakeven30.3%32.4%
  Time to Breakeven720 days427 days
2020 COVID-19 Crash
  % Loss-32.9%-33.7%
  % Gain to Breakeven49.0%50.9%
  Time to Breakeven231 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.8%-19.2%
  % Gain to Breakeven26.3%23.8%
  Time to Breakeven872 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-20.2%-17.9%
  % Gain to Breakeven25.3%21.8%
  Time to Breakeven99 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-29.4%-15.4%
  % Gain to Breakeven41.6%18.2%
  Time to Breakeven1681 days125 days
2008-2009 Global Financial Crisis
  % Loss-66.7%-53.4%
  % Gain to Breakeven200.0%114.4%
  Time to Breakeven3207 days1085 days

Compare to SSB, ABCB, RNST, FMBH, PFS

In The Past

Colony Bankcorp's stock fell -20.3% during the 2025 US Tariff Shock. Such a loss loss requires a 25.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Colony Bankcorp (CBAN)

Colony Bankcorp, Inc. (CBAN) is a bank holding company that operates primarily through its subsidiary, Colony Bank. The company provides a comprehensive range of banking products and services tailored for both commercial and consumer customers. With 39 branches located throughout Georgia and its headquarters in Fitzgerald, Georgia, Colony Bankcorp positions itself as a regional financial institution serving its local communities.

The company's core services include various deposit products such as demand, savings, and time deposits. A significant portion of its business is dedicated to lending, offering a diverse portfolio of loans. These include loans to small and medium-sized businesses, commercial real estate loans, and specialized agri-business and production loans. For development projects, it provides residential and commercial construction and land development loans. On the consumer side, Colony Bankcorp offers residential mortgage loans, home equity loans, and general consumer loans.

In addition to traditional banking services, Colony Bankcorp also provides a suite of modern conveniences to meet evolving customer needs. These include internet banking, electronic bill payment services, safe deposit box rentals, and telephone banking. Customers can also access credit and debit card services, remote depository products, and a network of ATMs, enhancing the accessibility and flexibility of their banking experience.

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  • A regional Bank of America, focused on Georgia.
  • Think of it as a smaller version of Truist, concentrated within Georgia.

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  • Deposit Products: The company offers various types of accounts for storing money, including demand, savings, and time deposits for both commercial and consumer customers.
  • Loan Products: Colony Bank provides a wide range of loans, such as commercial, real estate, construction, agri-business, residential mortgage, home equity, and consumer loans.
  • Internet Banking Services: Customers can manage their accounts and perform transactions online through internet banking.
  • Electronic Bill Payment Services: This service allows customers to pay their bills conveniently and electronically.
  • Safe Deposit Box Rentals: The bank offers secure storage for customers' valuable documents and belongings.
  • Telephone Banking: Customers can access banking services and information over the phone.
  • Credit and Debit Card Services: The bank provides and processes credit and debit cards for customer use.
  • Remote Depository Products: Businesses can utilize these services to make deposits remotely.
  • ATM Access: Customers have access to a network of automated teller machines for various transactions.
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Major Customers of Colony Bankcorp (CBAN)

Colony Bankcorp (CBAN), through its subsidiary Colony Bank, serves a broad base of customers rather than a few major entities. Its customer base can be primarily categorized into two main groups:

  • Commercial Customers

    This category includes small and medium-sized businesses, commercial real estate developers, and agri-businesses located throughout Georgia. These customers utilize a range of products and services such as commercial loans, commercial real estate loans, agri-business and production loans, business deposit accounts, and treasury management services (e.g., remote depository products).

  • Consumer Customers

    This category comprises individuals and households. These customers access products like residential mortgage loans, home equity loans, consumer loans, and various personal banking services including demand, savings, and time deposits, credit and debit cards, internet banking, and access to ATMs.

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  • Fiserv (FISV)

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T. Heath Fountain, Chief Executive Officer

T. Heath Fountain joined Colony Bankcorp, Inc. as President and Chief Executive Officer on July 30, 2018. Prior to joining Colony, he served as President and Chief Executive Officer of Planters First Bank in Hawkinsville, Georgia, from 2015 to 2018, where he led growth initiatives that included adding two new markets, a secondary market mortgage division, and increasing loans and deposits by over $50 million in three years. Before his time at Planters First Bank, Fountain was the Chief Financial Officer of Heritage Financial Group and HeritageBank of the South from 2007 to 2015. While at Heritage, he was a key member of the executive team that grew the bank from 6 offices and under $400 million in assets to a $1.8 billion financial services company with over 50 offices across 4 states.

Derek Shelnutt, Executive Vice President & Chief Financial Officer

Derek Shelnutt was promoted to Executive Vice President and Chief Financial Officer of Colony Bankcorp, Inc. effective January 18, 2024. He joined Colony in September 2020 and has held roles of increasing responsibility, including Chief Accounting Officer, Treasurer, and Controller. Shelnutt has over 10 years of experience in the financial services industry, including accounting and finance roles at other publicly traded community banks and in public accounting. He is a Certified Public Accountant in the states of Georgia and South Carolina.

R. Dallis "D" Copeland, Jr., President

R. Dallis "D" Copeland, Jr. has served as President of Colony Bankcorp and Colony Bank since September 2022. He joined Colony Bank in July 2021 as Special Advisor, bringing 30 years of banking and executive leadership experience. Before joining Colony Bank, Copeland served as Executive Vice President and Chief Community Banking Officer at Synovus Financial Corporation from 2015 until 2019, and as Executive Vice President and Chief Banking Officer from 2009 through 2015.

Leonard H. ("Lenny") Bateman, Jr., Executive Vice President & Chief Credit Officer

Leonard H. ("Lenny") Bateman, Jr. has served as Executive Vice President and Chief Credit Officer since June 1, 2020. He became part of Colony Bank as Senior Vice President and Senior Credit Officer through the merger of Colony Bank and Calumet Bank in May 2019. Prior to the merger, Bateman served as President and Chief Executive Officer of Calumet Bank from 2012, having been one of its founding officers in 2007 as Senior Vice President – Chief Lending Officer. He has nearly 25 years of banking experience in various positions of increasing responsibility with banks throughout Georgia.

Kimberly C. Dockery, Executive Vice President & Chief of Staff

Kimberly C. Dockery currently holds the position of Executive Vice President and Chief of Staff, having joined Colony Bank in July 2018 as Chief Administrative Officer. Her background includes serving as Chief Administrative Officer at Planters First Bank from 2015 to 2018 and as Management Reporting and Banking Officer at Heritage Financial Group from 2007 until 2015. Dockery possesses extensive experience in human resources, production management, and all operational facets of banking.

AI Analysis | Feedback

The key risks to Colony Bankcorp's business operations and financial performance are primarily centered around interest rate fluctuations, credit risk tied to its real estate loan portfolio, and the evolving regulatory and competitive landscape.

  • Interest Rate and Liquidity Risk: Colony Bankcorp's financial performance is significantly impacted by interest rate fluctuations. Changes in interest rates can affect net interest income, deposit levels, and loan demand, directly influencing the bank's profitability. The company is particularly sensitive to the shape of the yield curve, which can materially affect its financial projections. Maintaining adequate liquidity is also crucial, as an inability to raise funds through deposits, borrowings, or other sources could substantially negatively impact its operations.
  • Credit Risk and Real Estate Exposure: A substantial portion of Colony Bankcorp's loan portfolio, approximately 83% as of Q3 2025, is secured by real estate, including commercial and residential properties. This significant exposure means that changes in regional real estate values, collateral values, and borrower payment behavior directly influence the bank's credit risk and could have an outsized impact on its financial performance. While the company employs credit and loan review processes, the concentration in real estate lending makes it vulnerable to downturns in the property market.
  • Regulatory and Competitive Pressures: Colony Bankcorp operates within a highly regulated banking industry, facing ongoing and heightened regulatory scrutiny, capital requirements, and compliance costs, particularly in the wake of recent regional bank failures. Furthermore, the banking sector is intensely competitive, not only from traditional financial institutions but also from emerging financial technology (fintech) firms and stablecoins. This competitive environment can impact deposit costs, loan pricing, market share, and the overall ability to attract and retain customers, thereby affecting the company's future performance.

AI Analysis | Feedback

The primary emerging threats for Colony Bankcorp stem from the rise of digital-first challenger banks (often called neobanks) and specialized fintech lenders. These entities operate with significantly lower overhead due to their lack of physical branches, allowing them to offer more competitive interest rates on deposits and loans, along with superior mobile-first user experiences. This directly threatens Colony Bankcorp's ability to attract and retain customers, particularly younger demographics, and to compete for deposit growth and loan origination, especially in areas like residential mortgages and small business lending. This shift represents a fundamental disruption to the traditional branch-based banking model, akin to how online streaming services challenged physical video rental businesses.

AI Analysis | Feedback

Colony Bankcorp, Inc. (symbol: CBAN), headquartered in Fitzgerald, Georgia, operates within the banking sector of the U.S. state of Georgia. The addressable markets for its main products and services in this region are sized as follows:

Market Sizes for Main Products and Services (Region: Georgia, U.S.A.)

  • Total Banking Market: The total assets under supervision for state-chartered banks headquartered in Georgia reached approximately $138 billion by the end of 2024. The overall total assets for banks operating in Georgia were around $159.10 billion as of the second quarter of 2025.
  • Deposit Products: Total deposits held by banks in Georgia amounted to $342 billion as of Q4 2024.
  • Commercial Loans (including Small and Medium-Sized Businesses, Commercial Real Estate, and Construction Loans):
    • The commercial banking industry in Georgia is projected to have a market size of $33.1 billion in 2026.
    • Annual commercial real estate transaction volume in Georgia is approximately $19.8 billion.
    • Small business loans in Georgia totaled $22 billion in 2024. Separately, in 2021, reporting banks issued $10.5 billion in loans to businesses through loans of $1 million or less.
  • Residential Mortgage Loans: New home loans booked in Georgia amounted to $36.5 billion in 2024.
  • Agri-business and Production Loans: Agribusiness is a significant contributor to Georgia's economy, with an economic impact exceeding $70 billion annually. Specific market size data for agri-business loans was not explicitly provided as an aggregate for the entire state, but Southwest Georgia Farm Credit reported a total loan volume of $680.3 million as of June 30, 2025, and AgGeorgia Farm Credit reported $1.563 billion as of March 31, 2025.
  • Consumer Loans: While a total market size for consumer loans in Georgia was not explicitly available, the average credit card balance in Georgia was $8,657, the average auto loan balance was $28,377, and the average personal loan balance was $12,947 as of Q4 2024.
  • Digital Banking Services: The digital payments market in the U.S. state of Georgia, a component of digital banking, involves Georgia-based FinTech companies that generate over $72 billion in annual revenue and process more than 118 billion transactions totaling over $2 trillion per year. The broader North America digital banking market was valued at $8.67 billion in 2024 and is expected to grow to $10.31 billion by 2033, with the United States being the largest market in North America.

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Colony Bankcorp (CBAN) is expected to drive future revenue growth over the next two to three years through a combination of strategic acquisitions, organic loan expansion, diversification of non-interest income, and improved net interest margins.

Here are the key drivers:

  1. Strategic Acquisitions and Market Expansion: A significant driver is the recent acquisition of TC Bancshares, which closed on December 1, 2025. This merger substantially expands Colony Bankcorp's presence in key markets across Georgia, including Thomasville and the Savannah Metropolitan Statistical Area (MSA), and provides full-service entry into the Tallahassee and Jacksonville markets in Florida. This acquisition is projected to add approximately $571 million in assets, $2.4 billion in loans, and $3.1 billion in deposits, and is anticipated to be immediately accretive to earnings per share, benefiting from associated cost savings and accretion income. The integration of core systems is expected to be completed in early 2026.
  2. Sustained Organic Loan Growth: Colony Bankcorp aims for long-term organic loan growth within an 8-12% target range. Despite an expected moderation in 2026 due to increased competition, the company achieved approximately 10.5% organic loan growth in 2025, excluding acquisitions. This continued expansion of its core lending portfolio, particularly in real estate lending, is a fundamental driver of future revenue.
  3. Growth in Non-Interest Income from Specialized Business Lines: The company is actively cultivating its non-interest income streams. This includes significant contributions from its Small Business Specialty Lending (SBSL) division, which saw increased gain and related income in late 2023 and robust loan activity in Q3 2025. Additionally, the insurance division is expanding, notably through the acquisition of The Ellerbee Agency in April 2025, which added new office locations and is expected to contribute to earnings per share in 2026. Furthermore, wealth management and merchant services are identified as specialized solutions that have experienced strong revenue increases and are expected to continue contributing to non-interest income growth.
  4. Net Interest Margin (NIM) Improvement and Optimized Funding Costs: After some fluctuations, Colony Bankcorp has observed easing pressure on deposit costs and expects assets to reprice at higher rates, leading to an improved net interest margin. This trend was evident in Q4 2025, when the net interest margin improved by 15 basis points to 3.32% as loan yields rose and funding costs decreased. These positive trends are anticipated to contribute to enhanced net interest income and margin expansion.

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Share Repurchases

  • Colony Bankcorp's board of directors authorized a stock repurchase program of up to $12 million, initially approved in October 2022 and extended through the end of 2026.
  • As of December 22, 2025, the company had repurchased 318,778 shares for a total of $4,613,000 under this program.
  • Approximately $7,387,000 remains available for additional share repurchases under the current authorization through 2026.

Share Issuance

  • Colony Bankcorp issued approximately 3,839,748 shares of its common stock as part of the acquisition of TC Bancshares, Inc., which was completed on December 1, 2025.

Outbound Investments

  • Colony Bankcorp completed the acquisition of TC Bancshares, Inc. (parent company of TC Federal Bank) on December 1, 2025, in a combined stock-and-cash transaction valued at approximately $86.1 million. This acquisition expanded Colony's presence in Georgia and Florida, adding approximately $571 million in assets and four branch locations.
  • In April 2025, the company acquired The Ellerbee Agency, an Allstate appointed consumer property and casualty insurance agency, expanding Colony Insurance's footprint with two new office locations.

Capital Expenditures

  • Colony Bankcorp reported capital expenditures of $0.12 million for the period 2010-2025.
  • The company has focused on operational investments, including increased IT spending and expanding its digital banking channels.
  • In 2025, the company incurred operational investments as it integrated recent acquisitions and expanded its insurance and mortgage channels.

Latest Trefis Analyses

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Peer Comparisons

Peers to compare with:

Financials

CBANSSBABCBRNSTFMBHPFSMedian
NameColony B.SouthSta.Ameris B.Renasant First Mi.Providen. 
Mkt Price22.01108.1287.7342.7351.1724.4646.95
Mkt Cap0.510.55.93.91.43.23.6
Rev LTM1522,6561,2291,096375887991
Op Inc LTM-------
FCF LTM22860522403119424414
FCF 3Y Avg30467389224108348286
CFO LTM24928549434127438436
CFO 3Y Avg32520409247114356302

Growth & Margins

CBANSSBABCBRNSTFMBHPFSMedian
NameColony B.SouthSta.Ameris B.Renasant First Mi.Providen. 
Rev Chg LTM24.4%25.2%9.1%42.0%13.5%12.4%18.9%
Rev Chg 3Y Avg10.3%15.9%5.2%19.7%14.4%23.9%15.2%
Rev Chg Q29.4%1.2%8.8%2.5%23.1%7.9%8.4%
QoQ Delta Rev Chg LTM6.7%0.3%2.1%0.6%5.6%1.9%2.0%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM15.9%34.9%44.6%39.6%33.8%49.4%37.3%
CFO/Rev 3Y Avg25.3%24.2%35.4%28.2%33.6%47.8%30.9%
FCF/Rev LTM14.3%32.4%42.5%36.8%31.8%47.8%34.6%
FCF/Rev 3Y Avg23.9%21.7%33.7%25.5%31.8%46.6%28.6%

Valuation

CBANSSBABCBRNSTFMBHPFSMedian
NameColony B.SouthSta.Ameris B.Renasant First Mi.Providen. 
Mkt Cap0.510.55.93.91.43.23.6
P/S3.14.04.83.63.63.63.6
P/Op Inc-------
P/EBIT-------
P/E14.211.115.612.513.510.413.0
P/CFO19.411.310.79.010.77.310.7
Total Yield9.0%11.3%7.3%10.2%9.2%13.5%9.7%
Dividend Yield2.0%2.3%0.9%2.2%1.8%3.9%2.1%
FCF Yield 3Y Avg10.4%6.0%8.2%7.8%11.2%16.1%9.3%
D/E0.50.10.20.30.20.90.3
Net D/E-0.3-0.0-0.3-0.6-0.20.8-0.2

Returns

CBANSSBABCBRNSTFMBHPFSMedian
NameColony B.SouthSta.Ameris B.Renasant First Mi.Providen. 
1M Rtn10.5%9.6%-2.3%1.3%7.2%4.7%5.9%
3M Rtn11.5%13.0%1.6%6.9%17.2%10.4%10.9%
6M Rtn6.3%1.5%2.6%3.5%16.1%5.0%4.3%
12M Rtn41.5%20.2%32.1%22.5%40.7%40.8%36.4%
3Y Rtn124.8%52.4%107.8%50.1%83.9%58.3%71.1%
1M Excs Rtn7.7%6.7%-5.1%-1.6%4.3%1.8%3.1%
3M Excs Rtn6.0%6.7%-3.9%1.2%12.0%4.3%5.2%
6M Excs Rtn-7.0%-10.8%-9.6%-9.3%3.6%-8.0%-8.6%
12M Excs Rtn18.5%-2.4%10.4%-1.7%17.1%19.7%13.7%
3Y Excs Rtn55.8%-19.9%35.8%-18.3%10.3%-14.8%-2.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Bank11393989779
Small Business Specialty Lending Division121610910
Mortgage Banking8661014
Total132115114116102


Net Income by Segment
$ Mil20252024202320222021
Bank2618221814
Small Business Specialty Lending Division25123
Mortgage Banking00-0-02
Total2824222019


Assets by Segment
$ Mil20252024202320222021
Bank3,6262,9862,9562,8582,621
Small Business Specialty Lending Division96106896046
Mortgage Banking141881825
Total3,7353,1103,0532,9372,692


Price Behavior

Price Behavior
Market Price$22.01 
Market Cap ($ Bil)0.5 
First Trading Date04/02/1998 
Distance from 52W High-0.5% 
   50 Days200 Days
DMA Price$20.68$19.11
DMA Trendupup
Distance from DMA6.4%15.2%
 3M1YR
Volatility25.8%25.5%
Downside Capture-37.4617.01
Upside Capture17.0352.75
Correlation (SPY)-10.1%24.2%
CBAN Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-0.32-0.37-0.180.320.500.76
Up Beta-1.05-0.67-0.290.440.960.73
Down Beta-1.18-0.47-0.48-0.160.400.89
Up Capture86%9%21%48%43%55%
Bmk +ve Days11223567138427
Stock +ve Days12253667129373
Down Capture-51%-62%-32%36%29%84%
Bmk -ve Days11212859114326
Stock -ve Days10182758121368

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CBAN
CBAN41.0%25.5%1.30-
Sector ETF (XLF)12.3%14.6%0.5752.2%
Equity (SPY)23.3%12.8%1.3623.9%
Gold (GLD)28.5%28.4%0.87-0.8%
Commodities (DBC)32.9%19.8%1.32-22.5%
Real Estate (VNQ)14.2%13.8%0.7243.0%
Bitcoin (BTCUSD)-43.7%43.0%-1.218.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CBAN
CBAN7.5%26.7%0.27-
Sector ETF (XLF)11.4%18.4%0.4850.6%
Equity (SPY)13.5%17.2%0.6136.9%
Gold (GLD)18.6%18.6%0.810.5%
Commodities (DBC)8.2%19.6%0.314.1%
Real Estate (VNQ)2.3%18.9%0.0239.3%
Bitcoin (BTCUSD)9.0%53.0%0.3611.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CBAN
CBAN11.3%34.7%0.40-
Sector ETF (XLF)13.6%22.1%0.5641.0%
Equity (SPY)15.4%17.9%0.7333.3%
Gold (GLD)12.1%16.2%0.61-0.1%
Commodities (DBC)7.4%18.0%0.3310.5%
Real Estate (VNQ)4.8%20.7%0.2035.2%
Bitcoin (BTCUSD)58.4%66.2%0.987.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity0.8 Mil
Short Interest: % Change Since 63020264.7%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest2.5 days
Basic Shares Quantity21.2 Mil
Short % of Basic Shares3.8%

Earnings Returns History

Updated 7/31/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/22/20264.9%7.3% 
4/22/2026-4.0%-5.4%-4.3%
1/28/20265.0%12.7%7.5%
10/22/2025-2.6%-4.8%-2.5%
7/23/2025-6.0%-7.2%-7.1%
4/23/20250.4%0.4%-0.5%
1/22/20258.0%8.7%8.4%
10/23/2024-1.8%0.3%12.4%
...
SUMMARY STATS   
# Positive151513
# Negative101011
Median Positive1.1%3.3%7.5%
Median Negative-2.2%-5.1%-2.5%
Max Positive8.0%12.7%20.7%
Max Negative-7.2%-7.2%-13.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/22/20264.9%7.3% 
4/22/2026-4.0%-5.4%-4.3%
1/28/20265.0%12.7%7.5%
10/22/2025-2.6%-4.8%-2.5%
7/23/2025-6.0%-7.2%-7.1%
4/23/20250.4%0.4%-0.5%
1/22/20258.0%8.7%8.4%
10/23/2024-1.8%0.3%12.4%
7/24/20241.1%10.9%2.1%
4/24/20240.8%2.0%11.6%
1/24/20240.2%-6.4%-13.4%
10/25/20231.7%5.3%13.3%
7/26/2023-0.1%0.8%-0.4%
4/27/20234.0%-5.8%-0.8%
1/26/20230.2%3.5%-0.5%
10/21/2022-1.7%-0.4%-0.0%
7/21/2022-7.2%-7.0%-3.5%
4/21/2022-1.5%-3.4%-9.5%
1/20/20220.5%-1.4%5.1%
10/21/20212.0%3.1%1.6%
7/22/20211.0%1.0%1.7%
4/22/2021-0.9%4.1%20.7%
1/22/20212.8%0.0%3.8%
10/15/2020-3.7%-2.4%3.2%
7/23/20200.3%3.3%9.0%
SUMMARY STATS   
# Positive151513
# Negative101011
Median Positive1.1%3.3%7.5%
Median Negative-2.2%-5.1%-2.5%
Max Positive8.0%12.7%20.7%
Max Negative-7.2%-7.2%-13.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/08/202610-Q
12/31/202503/13/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/14/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/14/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/16/202310-K
09/30/202211/10/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/08/202610-Q
12/31/202503/13/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/14/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/14/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/16/202310-K
09/30/202211/10/202210-Q
06/30/202208/12/202210-Q
03/31/202205/13/202210-Q
12/31/202103/18/202210-K
09/30/202111/12/202110-Q
06/30/202108/13/202110-Q
03/31/202105/17/202110-Q
12/31/202003/23/202110-K
09/30/202011/09/202010-Q
06/30/202008/10/202010-Q
03/31/202005/15/202010-Q
12/31/201903/30/202010-K
09/30/201911/07/201910-Q

Insider Activity

Updated 8/3/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Canup, Edward GCHIEF BANKING OFFICERDirectBuy803202621.802,00043,600800,101Form
2Canup, Edward GCHIEF BANKING OFFICERDirectBuy507202619.651,00019,650608,534Form
3Canup, Edward GCHIEF BANKING OFFICERDirectBuy429202619.801,00019,800593,380Form
4Canup, Edward GCHIEF BANKING OFFICERDirectBuy429202619.971,00019,970578,504Form
5Canup, Edward GCHIEF BANKING OFFICERDirectBuy311202619.255009,625532,380Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Canup, Edward GCHIEF BANKING OFFICERDirectBuy803202621.802,00043,600800,101Form
2Canup, Edward GCHIEF BANKING OFFICERDirectBuy507202619.651,00019,650608,534Form
3Canup, Edward GCHIEF BANKING OFFICERDirectBuy429202619.801,00019,800593,380Form
4Canup, Edward GCHIEF BANKING OFFICERDirectBuy429202619.971,00019,970578,504Form
5Canup, Edward GCHIEF BANKING OFFICERDirectBuy311202619.255009,625532,380Form
6Shelnutt, DerekCFODirectBuy304202619.502504,875237,315Form
7Canup, Edward GCHIEF BANKING OFFICERDirectBuy304202620.121,00020,125546,517Form
8Canup, Edward GCHIEF BANKING OFFICERDirectBuy1202202516.955008,475318,094Form
9Canup, Edward GCHIEF BANKING OFFICER401KBuy1119202516.231,00016,225150,487Form
10Reed, Matthew D DirectBuy1112202516.183105,017275,890Form
11Canup, Edward GCHIEF BANKING OFFICER401KBuy1106202516.255008,125134,469Form
12Canup, Edward GCHIEF BANKING OFFICERDirectBuy1106202515.905007,950290,439Form
13Canup, Edward GCHIEF BANKING OFFICERDirectBuy1103202515.965007,980283,555Form
14Canup, Edward GCHIEF BANKING OFFICERDirectBuy1027202516.595008,294286,402Form
15Bateman, Leonard H JREVP & Chief Credit OfficerDirectSell821202516.335,06982,773241,966Form
16Bateman, Leonard H JREVP & Chief Credit Officer401 (K)Buy821202516.405,17084,787292,519Form
17Canup, Edward GCHIEF BANKING OFFICERDirectBuy818202516.435008,212275,392Form
Core Cache Last Updated: 8/8/2026