Colony Bankcorp Raises Quarterly Dividend 4.3% to $0.12 Per Share
Colony Bankcorp, Inc. (NYSE: CBAN), a Georgia-based community bank holding company, declared a quarterly cash dividend of $0.12 per share, marking a 4.3% increase from the prior quarter's $0.115. The dividend will be paid May 20 to shareholders of record as of May 6.
Colony Bankcorp, Inc. (NYSE: CBAN), a Georgia-based community bank holding company, declared a quarterly cash dividend of $0.12 per share on April 22, 2026, representing a 4.3% increase from the prior quarter's $0.115 per share. The dividend will be paid on May 20, 2026, to shareholders of record as of the close of business on May 6, 2026. Read more dividend announcements.
The company had 21,162,104 shares of common stock outstanding as of April 20, 2026. At the current indicated annual rate of $0.48 per share, the dividend yields 2.3% based on the April 20 closing stock price of $21.23.
| Dividend Details | Date/Amount |
|---|---|
| Amount | $0.12 per share |
| Previous Amount | $0.115 per share |
| Record Date | May 6, 2026 |
| Payment Date | May 20, 2026 |
| Indicated Annual Rate | $0.48 per share |
First Quarter 2026 Financial Performance
Colony reported net income of $8.2 million, or $0.39 per diluted share, for the first quarter of 2026, compared to $7.8 million, or $0.42 per diluted share, in the fourth quarter of 2025 and $6.6 million, or $0.38 per diluted share, in the first quarter of 2025.
Total loans, excluding loans held for sale, reached $2.41 billion at March 31, 2026, an increase of $32.2 million, or 1.35%, from the prior quarter. Total deposits stood at $3.05 billion, down $19.1 million from $3.07 billion at December 31, 2025.
The company recorded a provision for credit losses of $1.75 million in the first quarter of 2026, compared to $1.65 million in the fourth quarter of 2025 and $1.50 million in the first quarter of 2025.
Mortgage and SBA Lending Activity
Mortgage production totaled $88.5 million in the first quarter, with mortgage sales of $61.4 million. This compared to production of $89.5 million and sales of $68.1 million in the fourth quarter of 2025.
The company's Small Business Specialty Lending division closed $13.1 million in Small Business Administration loans and sold $10.4 million in SBA loans during the first quarter, compared to $29.1 million closed and $16.8 million sold in the prior quarter.
Complementary Business Lines Show Growth
Colony Insurance and Colony Financial Advisors both achieved their strongest quarters to date on a pre-tax basis. Assets under management at Colony Financial Advisors reached $555 million in the first quarter of 2026, up from $462 million in the fourth quarter of 2025.
Colony Insurance maintained premiums in force of $34.2 million with 20,072 items in force as of March 31, 2026. The company noted that premium rate increases presented retention challenges, though moderation in rate adjustments is expected during 2026.
Capital Position
The company's common equity tier one capital ratio stood at 12.5% as of March 31, 2026, down slightly from 12.7% in the prior quarter. The total risk-based capital ratio was 15.8%, compared to 16.0% at December 31, 2025.
Colony reported total liquidity sources of $1.85 billion as of March 31, 2026, including $242.8 million in Federal Reserve Bank reserves, $369.9 million in unencumbered securities, and $921.2 million in Federal Home Loan Bank borrowing capacity.