Colony Bankcorp (CBAN) Q1 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 22, 2026 astatine 12:13 PM CDT 17 min read

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Thursday, April 24, 2025 astatine 9:00 a.m. ET

• President & Chief Executive Officer — Heath Fountain

• Executive Vice President & Chief Financial Officer — Derek Shelnutt

• Operator

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Heath Fountain: Thanks, Brantley, and convey you to everyone for joining our archetypal 4th net telephone today. We're truly pleased with our archetypal 4th fiscal results and pleased to spot continued betterment successful some nett involvement income and margin. Better than expected indebtedness maturation successful the archetypal quarter, on with maturation successful lower-cost transactional deposit accounts helped thrust borderline higher. On past quarter's call, we mentioned we expected to instrumentality to mean levels of indebtedness maturation successful 2025, but felt that we would not spot those levels until aboriginal successful the year. That maturation came earlier than we thought and was owed to beardown indebtedness production, but besides less payoffs than anticipated. First 4th annualized indebtedness maturation was 17%.

And portion we consciousness bully astir our pipeline for the remainder of the year, aboriginal quarters are apt to beryllium person to our much mean scope of 8% to 12% annualized growth. The summation successful our deposits was astir 8.5% connected an annualized ground and adjacent to $55 cardinal for the quarter. We are starting to participate that clip of twelvemonth wherever we statesman to spot seasonal outflow, peculiarly successful municipal deposits. But we inactive person ample connected equilibrium expanse liquidity and currency travel from our enslaved portfolio to proceed to money lending activities. Derek volition interaction connected that later.

We consciousness bully astir however the maturation successful some loans and deposits positions america good for the remainder of the year. Seasonally, the archetypal 4th enactment for some owe and SBSL is mostly slower, which we mentioned connected past quarter's call, and that was the driving origin successful the alteration successful noninterest income. We are seeing indications that enactment volition prime up this coming quarter, and that’s successful enactment with what is the mean seasonality of this for us. We are precise excited astir our precocious announced acquisition of Ellerbee Agency and are excited to person them arsenic portion of the Colony Insurance team.

On Slide 10 successful our capitalist presentation, we supply immoderate highlights of the deal, which volition beryllium EPS accretive and we besides person a abstracted presumption with much item connected that acquisition that was filed earlier this month. We’re gladsome to person Sean Ellerbee joining america arsenic Director of Sales for Colony Insurance, and look guardant to Sean and his squad being portion of the maturation and continued occurrence of our Insurance division.