The Georgia-based lender reported a 29.4% year-over-year revenue increase and a $0.04 EPS beat for the quarter.
Colony Bankcorp posted second-quarter non-GAAP earnings per share of $0.52, exceeding estimates by $0.04. Revenue reached $42.02 million, up 29.4% from the same period last year and $1.12 million above consensus.
The bank recorded a $1.90 million provision for credit losses in Q2, compared to $1.75 million in the prior-year quarter. Revenue growth was driven by expanded lending activity and higher net interest income.
Shares showed limited movement in after-hours trading as investors digested the results.