FITZGERALD, Ga. (AP) — FITZGERALD, Ga. (AP) — Colony Bankcorp Inc. (CBAN) on Wednesday reported third-quarter profit of $5.6 million.
The Fitzgerald, Georgia-based bank said it had earnings of 32 cents per share. Earnings, adjusted for one-time gains and costs, were 35 cents per share.
The bank holding company posted revenue of $44.7 million in the period. Its revenue net of interest expense was $28.6 million, which did not meet Street forecasts.
Colony Bankcorp shares have increased 15% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.30, a rise of 60% in the last 12 months.
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