CBAN

MKT CAP:$353M

Colony Bankcorp, Inc.

Market Cap

$353M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$19.98+$2.27 (+12.82%)

Apr 23, 2026

Company Details

Colony Bankcorp, Inc. operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers various deposit products, including demand, savings, and...

CEO

T. Heath Fountain

IPO Date

Apr 2, 1998

Website

www.colonybank.com

Key Metrics TTM

Revenue

$191M

+6.8% YoY

Net Income

$30M

EPS (Diluted)

$1.60

Free Cash Flow

$9M

Revenue / Share

$8.98

Gross Margin

52.9%

Operating Margin

20.5%

Net Margin

15.7%

FCF Margin

4.6%

P/S

1.9x

P/E

11.8x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$45M+0.7%EPS $0.39

FY 2025

Mar 13, 2026

$186M+5.4%EPS $1.59

Q4 2025

Mar 13, 2026

$52M+11.8%EPS $0.42

Q3 2025

Nov 7, 2025

$47M+5.1%EPS $0.33

Q2 2025

Aug 8, 2025

$47M+9.6%EPS $0.46

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$31M	$28M	$4M
Q3 22	$32M	$28M	$6M
Q4 22	$34M	$28M	$6M
Q1 23	$36M	$27M	$6M
Q2 23	$40M	$28M	$7M
Q3 23	$42M	$28M	$7M
Q4 23	$43M	$27M	$7M
Q1 24	$43M	$27M	$7M
Q2 24	$43M	$27M	$7M
Q3 24	$45M	$28M	$7M
Q4 24	$46M	$30M	$9M
Q1 25	$45M	$28M	$8M
Q2 25	$47M	$32M	$10M
Q3 25	$47M	$32M	$7M
Q4 25	$52M	$37M	$11M
Q1 26	$45M	$0	$10M

Valuation

Quarter	P/S	P/E
Q2 22	2.2x	14.4x
Q3 22	1.9x	13.0x
Q4 22	1.8x	11.5x
Q1 23	1.3x	9.2x
Q2 23	1.2x	7.8x
Q3 23	1.1x	8.0x
Q4 23	1.4x	10.5x
Q1 24	1.2x	8.9x
Q2 24	1.3x	9.6x
Q3 24	1.6x	12.4x
Q4 24	1.6x	12.0x
Q1 25	1.6x	11.3x
Q2 25	1.6x	10.4x
Q3 25	1.6x	10.9x
Q4 25	1.6x	11.1x
Q1 26	1.9x	12.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$22M	$21M
Q2 22	-$12M	-$12M
Q3 22	$25M	$25M
Q4 22	$14M	$13M
Q1 23	$11M	$10M
Q2 23	-$5M	-$6M
Q3 23	$9M	$8M
Q4 23	$6M	$5M
Q1 24	$5M	$5M
Q2 24	$1M	$990.0K
Q3 24	$20M	$20M
Q4 24	-$3M	-$4M
Q1 25	$18M	$18M
Q2 25	$16M	$16M
Q3 25	$14M	$15M
Q4 25	-$39M	-$39M

Capital Expenditures

Quarter	CapEx
Q1 22	$692.0K
Q2 22	$180.0K
Q3 22	$577.0K
Q4 22	$1M
Q1 23	$893.0K
Q2 23	$1M
Q3 23	$911.0K
Q4 23	$634.0K
Q1 24	$101.0K
Q2 24	$130.0K
Q3 24	$287.0K
Q4 24	$562.0K
Q1 25	$346.0K
Q2 25	$85.0K
Q3 25	$431.0K
Q4 25	$777.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+31.3%	+49.6%
Q3 22	+12.0%	+13.3%
Q4 22	+9.8%	+7.6%
Q1 23	+22.6%	+30.4%
Q2 23	+27.2%	+20.4%
Q3 23	+32.7%	+36.5%
Q4 23	+24.8%	+27.8%
Q1 24	+18.8%	+20.7%
Q2 24	+7.8%	+8.1%
Q3 24	+5.6%	+8.1%
Q4 24	+8.9%	+5.7%
Q1 25	+4.1%	+0.7%
Q2 25	+9.6%	+2.8%
Q3 25	+5.1%	+5.5%
Q4 25	+11.8%	+8.3%
Q1 26	+0.7%	-5.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$282.0K	1.0%
Q2 22	$563.0K	1.8%
Q3 22	$472.0K	1.5%
Q4 22	$426.0K	1.3%
Q1 23	$454.0K	1.3%
Q2 23	$408.0K	1.0%
Q3 23	$440.0K	1.0%
Q4 23	$399.0K	0.9%
Q1 24	$398.0K	0.9%
Q2 24	$400.0K	0.9%
Q3 24	$239.0K	0.5%
Q4 24	$259.0K	0.6%
Q1 25	$192.0K	0.4%
Q2 25	$178.0K	0.4%
Q3 25	$204.0K	0.4%
Q4 25	$211.0K	0.4%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$15M	$695.0K
Q3 22	$12M	$876.0K
Q4 22	$12M	$1M
Q1 23	$13M	$993.0K
Q2 23	$13M	$673.0K
Q3 23	$12M	$766.0K
Q4 23	$11M	$1M
Q1 24	$12M	$960.0K
Q2 24	$12M	$967.0K
Q3 24	$13M	$965.0K
Q4 24	$13M	$1M
Q1 25	$12M	$805.0K
Q2 25	$13M	$942.0K
Q3 25	$14M	$1M
Q4 25	$14M	$1M
Q1 26	$1M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$23M	$658M	$681M
Q3 22	$19M	$440M	$458M
Q4 22	$21M	$433M	$453M
Q1 23	$25M	$435M	$460M
Q2 23	$27M	$421M	$448M
Q3 23	$23M	$400M	$423M
Q4 23	$25M	$407M	$433M
Q1 24	$23M	$383M	$406M
Q2 24	$22M	$377M	$399M
Q3 24	$23M	$370M	$393M
Q4 24	$26M	$39M	$65M
Q1 25	$26M	$381M	$407M
Q2 25	$28M	$374M	$401M
Q3 25	$25M	$339M	$365M
Q4 25	$27M	$384M	$411M
Q1 26	$24M	$375M	$400M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	18M	+10.8%	+85.1%
Q3 22	18M	+0.3%	+42.9%
Q4 22	18M	-0.1%	+28.9%
Q1 23	18M	-0.2%	+10.8%
Q2 23	18M	-0.1%	-0.0%
Q3 23	18M	-0.1%	-0.4%
Q4 23	18M	-0.0%	-0.4%
Q1 24	18M	-0.0%	-0.2%
Q2 24	18M	-0.1%	-0.2%
Q3 24	18M	+0.2%	+0.1%
Q4 24	18M	-0.1%	+0.0%
Q1 25	18M	-0.4%	-0.3%
Q2 25	17M	-0.2%	-0.4%
Q3 25	17M	-0.0%	-0.7%
Q4 25	19M	+7.2%	+6.6%
Q1 26	21M	+13.3%	+21.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$62.2K	502
Q3 22	$63.5K	502
Q4 22	$65.3K	522
Q1 23	$69.0K	522
Q2 23	$76.1K	522
Q3 23	$81.0K	522
Q4 23	$81.4K	522
Q1 24	$82.0K	522
Q2 24	$82.1K	522
Q3 24	$85.6K	522
Q4 24	$88.7K	522
Q1 25	$85.4K	522
Q2 25	$89.9K	522
Q3 25	$90.0K	522
Q4 25	$99.1K	522
Q1 26	$86.0K	522

Revenue / Employee