FITZGERALD, Ga. (AP) — FITZGERALD, Ga. (AP) — Colony Bankcorp Inc. (CBAN) on Wednesday reported fourth-quarter earnings of $7.4 million.
The Fitzgerald, Georgia-based bank said it had earnings of 42 cents per share. Earnings, adjusted for non-recurring costs, were 44 cents per share.
The bank holding company posted revenue of $46.3 million in the period. Its revenue net of interest expense was $30.8 million, which beat Street forecasts.
For the year, the company reported profit of $23.9 million, or $1.36 per share. Revenue was reported as $115.5 million.
Colony Bankcorp shares have dropped almost 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.70, a climb of 20% in the last 12 months.
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