Colony Bankcorp (CBAN) investor relations material

Executive summary

• Operating net income reached $11.0 million ($0.52 per diluted share) in Q2 2026, with net interest margin expanding to 3.52% and tangible book value per share rising to $15.12.

• Net income for Q2 2026 was $10.9 million ($0.51 per share), up from $8.0 million ($0.46 per share) in Q2 2025.

• Announced $163 million merger with First Reliance Bancshares, expected to close in Q4 2026, expanding presence into South Carolina.

• Completed integration of TC Federal/TC Bancshares, acquired in December 2025.

• Board declared a quarterly dividend of $0.12 per share.

Financial highlights

• Net interest income for Q2 2026 was $30.0 million, up from $22.6 million in Q2 2025, with margin expanding to 3.52%.

• Operating net income increased to $11.0 million; operating pre-provision net revenue rose to over $16 million.

• Noninterest income rose 20.4% year-over-year to $12.2 million in Q2 2026.

• Noninterest expense increased to $26.4 million, mainly due to higher salaries, integration, and merger costs.

• Provision for credit losses was $1.9 million in Q2 2026, up from $450,000 in Q2 2025.

Outlook and guidance

• Management targets a sustainable operating ROA of 1.20% and expects the First Reliance merger to be immediately accretive to EPS.

• Loan growth is within or slightly below the lower end of the 8%–12% annualized target range.

• Focus remains on expense discipline, deposit growth, and completing the First Reliance merger.

• Combined entity projected to have $5 billion in assets post-merger.

• Margin expected to see modest increases, contingent on competitive dynamics.