Colony Q2 net income +36% to $10.9M; announces First Reliance acquisition

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

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  Q2 2026 net income rose 36% to $10.9M ($0.51/share) from $8.0M ($0.46/share) in Q2 2025, driven by 33% growth in net interest income to $30.0M and 20% growth in noninterest income to $12.2M, partially offset by higher credit provisions and operating expenses.

  MD&A: Financial Results verify on EDGAR →
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  Colony announced a $163M acquisition of First Reliance Bancshares on June 24, 2026, expected to close in Q4 2026. The combined entity would have approximately $5B in total assets, $3.2B in loans, and $4B in deposits.

  MD&A: First Reliance Acquisition verify on EDGAR →
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  Provision for credit losses increased to $1.9M in Q2 2026 from $450K in Q2 2025, driven by $2.1M in loan-loss provision. Net charge-offs rose to $1.8M from $1.0M, primarily in SBA loans and commercial/consumer categories. Allowance for credit losses declined to 0.89% of total loans from 0.97% at year-end 2025.

  MD&A: Credit Quality verify on EDGAR →