Colony Bankcorp, Inc. · NYSE:CBAN
Colony Bankcorp — Q1 2026 Earnings Presentation
41 slides from Colony Bankcorp's earnings presentation, Apr 23, 2026
Slide 1: Investor Presentation First Quarter 2026
INVESTOR PRESENTATION First Quarter 2026
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, certain statements may be co
Slide 3: Cautionary Statements
CAUTIONARY STATEMENTS war or other conflicts, including the ongoing conflicts in the Middle East; major political shifts domestically or internationally (including the potential for retaliatory actions by governments, market participants or clients based on diverging perspectives or otherwise and, s
Slide 4: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES Statements included in this presentation include non-GAAP financial measures and should be read along with the accompanying tables, which provide a reconciliation of non-GAAP financial measures to GAAP financial measures. The non-GAAP financial measures used in this prese
Slide 5: Company Profile
COMPANY PROFILE • $3.7 billion in assets as of March 31, 2026 • 37 locations in Georgia, 1 in Alabama and 5 in Florida • Diversified and scalable revenue streams • Proven history of consistent organic growth • Strong core deposit funding 5
Slide 6: Colony Bankcorp, Inc.
(COLONY BANKCORP, INC. Since 1975, Colony Bank has been empowering progress for individuals, families, and businesses. What began as a single vision in Fitzgerald, Georgia, has transformed into a five-decade journey marked by trust, growth, and innovation. Today, we proudly serve customers across ne
Slide 7: Purpose, Mission and Core Values
COLONY BANKCORP, INC. The Colony Bank logo features a symbolic lotus flower within its icon, representing the Company's strength and resilience. Paired with upward rays of sunshine, it signifies the potential for a new day and highlights our commitment to supporting our customers’ needs. This design
Slide 8: Executive Leadership Team
EXECUTIVE LEADERSHIP TEAM Name Position Years In Years With Banking Colony T. Heath Fountain Chief Executive Officer 26 7 R. Dallis "D" Copeland, Jr. President 34 4 Derek Shelnutt EVP, Chief Financial Officer 12 5 Edward "Lee" Bagwell EVP, Chief Risk Officer and General Counsel 22 22 Leonard H. "Len
Slide 9: First Quarter Financial Highlights
FIRST QUARTER FINANCIAL HIGHLIGHTS • Operating net income(1) of $9.5 million Reported Operating(1) • Sixth consecutive quarter of net interest Net Income ($mm) $8.20 $9.49 margin expansion to 3.48% • Operating return on average assets(1) of Earnings Per $0.39 $0.45 1.04% Share • Operating earnings p
Slide 10: Quarterly Financial Highlights
QUARTERLY FINANCIAL HIGHLIGHTS $ in thousands, except per share data 1Q26 4Q25 1Q25 Net Income $8,204 $7,843 $6,613 • Increase in earnings led by another consecutive quarter of net interest Operating net income(1) $9,485 $8,905 $6,613 margin expansion Earnings per share $0.39 $0.42 $0.38 • Continued
Slide 11: Delivering Shareholder Value
DELIVERING SHAREHOLDER VALUE Operating Earnings Per Operating Net Income Operating Return on Share(1) in million(1) Average Assets(1) $8.9 $9.5 $8.0 $8.2 $6.6 1.02% 1.06% 1.05% 1.04% $0.46 $0.47 $0.48 $0.45 0.85% $0.38 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Net In
Slide 12: Objectives and Focus
OBJECTIVES AND FOCUS Short-Term Objectives Long-Term Objectives • Achieve performance objectives • 5 complementary lines of business in complementary lines of > $1 million in net income business • Improve efficiency through • Maintain noninterest expense economies of scale discipline to align with g
Slide 13: Organic Growth
ORGANIC GROWTH • Presence in dynamic growth markets of Atlanta, Augusta, Birmingham, Jacksonville, Tallahassee, the Florida Panhandle, and Savannah provides opportunity for above average growth • Second-tier MSA markets of Albany, Columbus, Macon, Valdosta, and Tifton have significant market share h
Slide 14: M&A Strategy
M&A STRATEGY • Colony seeks to benefit from industry consolidation and become the acquirer of choice in Georgia and contiguous states • 358 banks under $1 billion • 76 banks between $1 billion and $2.5 billion • Proactive outreach effort to generate opportunities • Management team with deep M&A expe
Slide 15: Efficiency and Scaling
EFFICIENCY AND SCALING • Focused on process improvement and ensuring it is easy to do business with Colony Bank • Hired a Director of Optimization with experience from a large regional bank to oversee process improvement and customer experience • Utilization of Robotic Process Automation ("RPA") and
Slide 16: Innovation and Data Strategy
INNOVATION AND DATA STRATEGY • Investing in Innovation: Participating in fintech funds that connect us with leading technology partners and emerging solutions shaping the future of banking • Expanding Through Fintech Partnerships: Partnering with innovative fintechs to deliver modern products and se
Slide 17: Complementary Lines of Business
COMPLEMENTARY LINES OF BUSINESS 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Pre-tax Pre-tax Pre-tax Pre-tax Pre-tax Profit/Loss Profit/Loss Profit/Loss Profit/Loss Profit/Loss (Dollars in thousands) Mortgage $ 31 $ 317 $ (153) $ 382 $ 222 SBSL 492 362 362 672 95 Marine/RV Lending 236 349 448 538 459 Mer
Slide 18: Small Business Specialty Lending Group
SMALL BUSINESS SPECIALTY LENDING GROUP Production and Sales Volume Loan Portfolio Breakdown - $83.3 million (Dollars in millions) $28.4 $29.1 $17.9 $18.2 $16.8 $15.4 $15.8 $13.1 $12.1 $10.4 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Production Sales 18
Slide 19: Mortgage Division
MORTGAGE DIVISION (Dollars in millions) Production and Sales Volume $94.9 $89.5 $87.3 $88.5 $72.0 $68.1 $65.3 $65.1 $61.4 $55.9 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Production Sales • Stable production and sales volumes relative to changing market rates • Remain focused on secondary market produc
Slide 20: Colony Financial Advisors
COLONY FINANCIAL ADVISORS (Dollars in millions) Assets Under Management $555 $462 $198 $219 $206 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Experienced and knowledgeable team Our financial advisor team is well established and experienced, further strengthened by the recent addition of two seasoned advi
Slide 21: Colony Insurance
COLONY INSURANCE (Dollars in millions) Items In Force Premiums In Force 21,102 20,596 $34.2 $34.6 $34.4 $34.2 20,309 20,072 11,756 $18.9 1Q 2025 2Q 2025(1) 3Q 2025 4Q 2025 1Q 2026 1Q 2025 2Q 2025(1) 3Q 2025 4Q 2025 1Q 2026 • Premium rate increases have presented some retention challenges, though mod
Slide 22: Shareholder Focused Dividend Policy
SHAREHOLDER FOCUSED DIVIDEND POLICY Quarterly Dividend Payment $0.1200 $0.1150 $0.1125 $0.1100 $0.1075 2022 2023 2024 2025 2026(1) The current indicated annual rate is $0.48 per share, equating to a yield of 2.3%.(2) (1) The Board of Directors declared a dividend to be paid on its common stock on Ma
Slide 23: Capital Ratios
CAPITAL RATIOS 16.5% 16.1% 16.0% 16.0% 15.8% 13.8% 13.6% 13.4% 13.4% 13.4% 12.6% 12.4% 12.7% 12.5% 12.3% 10.8% 9.6% 9.9% 9.8% 9.4% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Tier One Leverage Ratio Tier One Ratio Total Risk-based Capital Ratio Common Equity Tier One Capital Ratio 23
Slide 24: Strength in Our Liquidity Position
STRENGTH IN OUR LIQUIDITY POSITION Significant liquidity sources Debt Funding* As of March 31, 2026 (dollars in millions) (dollars in millions) FRB Reserves $ 242.8 $195.0 $195.0 $185.0 $185.0 $185.0 Other Cash and Due from Banks 51.6 Unencumbered Securities 369.9 FHLB Borrowing Capacity 921.2 Fed F
Slide 25: Annual Noninterest Income Mix
ANNUAL NONINTEREST INCOME MIX 100% 90% 80% 70% 60% 50% 40% 35% 34% 30% 31% 30% 30% 20% 10% 0% 2021 2022 2023 2024 2025 Service Charges & Fees Mortgage Loans & Related Fees SBA & Related Fees Insurance Division Merchant Services Wealth Management Interchange Income Other Total Non Int Inc/Total Incom
Slide 26: Quarterly Noninterest Income Mix
QUARTERLY NONINTEREST INCOME MIX 100% 90% 80% 70% 60% 50% 40% 30% 31% 31% 30% 27% 30% 20% 10% 0% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Service Charges & Fees Mortgage Loans & Related Fees SBA & Related Fees Insurance Division Merchant Services Wealth Management Interchange Income Other Total Non I
Slide 27: Annual Deposit Mix and Pricing
ANNUAL DEPOSIT MIX AND PRICING 2.42% 2.15% 1.76% 0.32% 0.19% 2021 2022 2023 2024 2025 Noninterest-bearing Interest-bearing Savings/money market Time Cost of interest-bearing deposits 27
Slide 28: Quarterly Deposit Mix and Pricing
QUARTERLY DEPOSIT MIX AND PRICING 2.22% 2.18% 2.14% 2.07% 2.05% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Noninterest-bearing Interest-bearing Savings/money market Time Cost of interest-bearing deposits 28
Slide 29: Deposit Balance Data
DEPOSIT BALANCE DATA (Dollars in thousands) AVERAGE DEPOSIT BALANCE PER ACCOUNT $52.0 $52.8 $55.8 $56.4 $53.4 $39.1 $39.4 $38.4 $39.9 $41.7 $22.2 $21.5 $21.3 $22.9 $21.9 $13.2 $12.9 $13.2 $14.6 $14.3 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Noninterest-bearing Interest-bearing Savings/money market Ti
Slide 30: Diversity of Business Deposit Base
DIVERSITY OF BUSINESS DEPOSIT BASE As of March 31, 2026 As determined by customer provided NAICS Codes 30
Slide 31: Loan Portfolio Breakdown
LOAN PORTFOLIO BREAKDOWN As of March 31, 2026 $2,413.5 million $2,032.6 million 31
Slide 32: Loan Portfolio
LOAN PORTFOLIO Loan Yields by Department/Product 15.59% 15.43% 15.16% 14.39% 13.48% 10.94% 10.94% 10.89% 11.09% 11.42% 9.84% 9.84% 9.84% 8.54% 8.67% 5.71% 5.85% 5.89% 5.84% 5.88% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Bank-Internally Originated Third Party Originators-Upstart SBSL-7a SBSL-Express/F
Slide 33: Credit Migration
CREDIT MIGRATION Classified Loans $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Newly Identified Loans Resolutions/Payoffs/Upgrades Criticized Loans $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $- 1Q 2025 2Q 2025 3Q 2025 4Q 2025
Slide 34: Loan Portfolio
LOAN PORTFOLIO (Dollars in millions) Organic Loan Growth 7.33% 7.72% 7.78% 7.83% 7.11% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Organic Purchased Loans Weighted average rate on new & renewed loans Commercial Real Estate Production Residential Construction Loan Originations by Quarter $48.0 $24.7 $24.
Slide 35: Commercial Real Estate by Type
COMMERCIAL REAL ESTATE BY TYPE As of March 31, 2026 (Dollars in thousands) Type Outstanding Average Balance Deal Size Retail $ 172,830 $ 1,217 Multifamily 106,660 1,159 Office 127,761 926 Industrial & Warehouse 75,396 1,216 Hotel/Motel 104,825 2,496 Convenience Store 9,732 811 Daycare 23,101 1,283 C
Slide 36: Repricing Schedule
REPRICING SCHEDULE Quarterly Fiscal Year 2028 & Beyond (Dollars in millions) 2Q 2026 3Q 2026 4Q 2026 1Q 2027 2026 2027 Loan Maturity & Repricing Schedule: Fixed Rate Loans $ 75 $ 50 $ 22 $ 28 $ 147 $ 244 $ 1,020 Weighted Average Rate 6.87 % 6.34 % 4.97 % 5.72 % 6.37 % 5.29 % 5.68 % Adjustable & Vari
Slide 37: Investment Securities
INVESTMENT SECURITIES Pre-tax Unrealized Losses on Securities (in millions) AFS/HTM $41.4 $40.5 $38.6 $37.1 100% $35.6 $32.4 $33.9 $31.5 $29.9 $29.5 75% 50% 25% 0% 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Available for Sale Held to Maturity AFS HTM Other Portfo
Slide 38: Investment Considerations
INVESTMENT CONSIDERATIONS • Premier Southeast community bank located in growing markets • Core deposit funded with minimal reliance on wholesale funding • Diversified sources of revenue • Improving earnings outlook as new business lines and markets mature • Upside potential to tangible book value as
Slide 39: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES 2026 2025 Fi rst Fourth Thi rd Se cond Fi rst (dollars in thousands, except per share data) Q uarte r Q uarte r Q uarte r Q uarte r Q uarte r Operating noninterest income reconciliation Noninterest income (GAAP) $ 10,692 $ 11,047 $ 10,091 $ 10,098 $ 9,044 Loss on
Slide 40: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES 2026 2025 Firs t Fourth Third Second Firs t (dollars in thousands, except per share data) Quarter Quarter Quarter Quarter Quarter Operating return on average tangible equity reconciliation Return on average tangible equity 10.80 % 11.63 % 9.56 % 13.70 % 11.83 % Ac
Slide 41: Colony Bankcorp, Inc.
BANKCORP, INC. Righthorovsith you. NYSE: CBAN