FITZGERALD, Ga. (AP) — FITZGERALD, Ga. (AP) — Colony Bankcorp Inc. (CBAN) on Wednesday reported fourth-quarter net income of $5.6 million.
The bank, based in Fitzgerald, Georgia, said it had earnings of 32 cents per share. Earnings, adjusted for non-recurring gains, came to 31 cents per share.
The bank holding company posted revenue of $42.5 million in the period. Its revenue net of interest expense was $28.2 million, surpassing Street forecasts.
For the year, the company reported profit of $21.7 million, or $1.24 per share. Revenue was reported as $113.9 million.
Colony Bankcorp shares have fallen almost 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.07, a climb of 2% 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