Colony Bankcorp Full Year 2023 Earnings: In Line With Expectations

editorial-team@simplywallst.com (Simply Wall St)
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Colony Bankcorp (NASDAQ:CBAN) Full Year 2023 Results

Key Financial Results

  • Revenue: US$110.3m (down 1.8% from FY 2022).

  • Net income: US$21.7m (up 11% from FY 2022).

  • Profit margin: 20% (up from 17% in FY 2022). The increase in margin was driven by lower expenses.

  • EPS: US$1.24 (up from US$1.14 in FY 2022).

CBAN Banking Performance Indicators

  • Net interest margin (NIM): 2.83% (down from 3.20% in FY 2022).

  • Cost-to-income ratio: 72.0% (down from 75.4% in FY 2022).

  • Non-performing loans: 0.54% (up from 0.33% in FY 2022).

revenue-and-expenses-breakdown
revenue-and-expenses-breakdown

All figures shown in the chart above are for the trailing 12 month (TTM) period

Colony Bankcorp Earnings Insights

The primary driver behind last 12 months revenue was the Banking Division segment contributing a total revenue of US$95.8m (87% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$68.1m (77% of total expenses). Explore how CBAN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Colony Bankcorp.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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