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Colony Bankcorp Inc
Colony Bankcorp, Inc. is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol "CBAN". The company is a bank holding company that operates through its subsidiary, Colony Bank, which provides banking services to individuals and businesses in the United States.
Here are some key points about Colony Bankcorp, Inc.:
1. History: Colony Bankcorp, Inc. was founded in 1975 and is headquartered in Orlando, Florida.
2. Business: Colony Bank provides a range of banking services, including checking and savings accounts, loans, credit cards, and mortgages. The bank operates primarily in the state of Florida, with a presence in other states including Alabama, Georgia, and South Carolina.
3. Financials: As of December 31, 2022, Colony Bankcorp, Inc. had total assets of approximately $4.9 billion, total loans of $3.6 billion, and total deposits of $3.8 billion. The company's net income for the year 2022 was $28.4 million.
4. Stock Performance: Colony Bankcorp, Inc.'s stock has had a 52-week range of $25.20 to $31.95. The company's market capitalization is around $977 million, and its price-to-earnings ratio is approximately 13.7.
5. Dividend: Colony Bankcorp, Inc. has consistently paid dividends to its shareholders. The current dividend yield is around 2.7%.
6. Growth Prospects: Colony Bankcorp, Inc. has been expanding its footprint in the Southeast region through strategic acquisitions and de novo branches. The company plans to continue growing its franchise and increasing its market share in the region.
7. Key Executives: The company's executive team includes CEO, chairman and president, J. Alston (Al) Hofmann, III, CFO and senior executive vice president, James S. Lovelace, and chief credit officer and executive vice president, Michael S. (Mike) McGarrity.
8. Industry and Competition: Colony Bankcorp, Inc. operates in the banking industry, which is highly competitive and subject to various regulatory and economic factors. The company competes with other regional banks, community banks, and large national banks.
9. Regulatory Environment: Colony Bankcorp, Inc. is subject to various regulations and supervision by federal and state banking authorities. The company is required to comply with capital adequacy standards, liquidity requirements, and other regulatory requirements.
Overall, Colony Bankcorp, Inc. is a well-established community bank with a strong presence in the Southeast region. While the company faces intense competition in the banking industry, it has a solid track record of delivering consistent profitability and maintaining a strong capital position.