FITZGERALD, Ga. — Colony Bankcorp, Inc. on Friday reported net income of $2.5 million or $0.27 per diluted share for the third quarter of 2019 compared with $2.7 million or $0.32 per diluted share for the same quarter last year.

For the nine months ended September 30, 2019, net income was $7.5 million or $0.83 per diluted share compared with $9.0 million or $1.04 per diluted share for the same period in the prior year.

Results for the third quarter and nine months ended September 30, 2019, included charges for acquisition‑related expenses as well as gains on other real estate owned property held for sale. Excluding these and other less significant items in both periods, adjusted net income (a non‑GAAP financial measure) for the third quarter and nine months ended September 30, 2019, would have been $3.2 million or $0.35 per diluted share and $9.3 million or $1.03 per diluted share, respectively, versus $2.9 million or $0.34 per diluted share and $9.1 million or $1.06 per diluted share, respectively, for the third quarter and nine months ended September 30, 2018.