Colony Bankcorp (CBAN) investor relations material

Executive summary

• Achieved operating net income of $8.2 million for Q3 2025, with adjusted EPS of $0.47 and operating ROAA of 1.06%.

• Net income for Q3 2025 was $5.8 million ($0.33 per diluted share), up from $5.6 million in Q3 2024.

• Tangible book value per share increased to $14.20, reflecting consistent growth.

• Loan growth moderated to a more sustainable rate, aligning with long-term targets.

• Announced acquisition of TC Bancshares/TC Federal Bank, expected to close in Q4 2025, expanding presence in Georgia and Florida.

Financial highlights

• Operating net income: $8.2 million in Q3 2025, up from $6.2 million in Q3 2024; net interest income rose to $22.9 million, with margin expanding to 3.17%.

• Noninterest income for Q3 2025 was $10.1 million, nearly flat year-over-year; noninterest expense rose to $24.6 million, driven by higher salaries, IT, and a wire fraud loss.

• Provision for credit losses was $900,000 in Q3 2025, up from $750,000 in Q3 2024.

• Allowance for credit losses on loans was $18.1 million (0.89% of loans) at September 30, 2025.

• Deposits increased to $2.6 billion, with total assets reaching $3.2 billion as of September 30, 2025.

Outlook and guidance

• Management expects loan growth to moderate to a more normalized pace, supporting sustainable performance.

• Short-term focus on performance in complementary business lines and expense discipline; long-term goals include 8–12% annual customer base growth and top quartile ROAA.

• The TC Bancshares acquisition is expected to be immediately accretive to EPS, excluding transaction costs.

• Fourth quarter expenses will include one month of TC Federal expenses post-merger; targeted cost saves expected in Q2 next year.

• Management expects stable economic and unemployment conditions in its markets, with delinquencies returning to normalized levels.