---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002487"
form_type: "8-K"
ticker: "AFBI"
cik: "0001823406"
company_name: "Affinity Bancshares, Inc."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:15:31.838493+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Affinity Bancshares Q4 net income rises to $1.7M from $1.3M YoY; full year net income declines to $7.1M

## Summary
- Q4 2022 net income of $1.7M ($0.26 diluted EPS) vs $1.3M ($0.20) in Q4 2021.
- Full year 2022 net income of $7.1M vs $7.6M in 2021, a 6.6% decline.
- Net interest margin 3.85% in Q4 2022 vs 3.60% in Q4 2021, but down from 4.12% in Q3 2022.
- Efficiency ratio improved to 71.38% in Q4 2022 from 74.29% in Q4 2021.
- Tangible book value per share $14.92 at Dec 2022 vs $14.87 at Dec 2021.

## SEC filing metadata
- accession: 0000950170-23-002487
- form_type: 8-K
- ticker: AFBI
- cik: 0001823406
- company_name: Affinity Bancshares, Inc.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823406/000095017023002487/0000950170-23-002487-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823406/000095017023002487/afbi-20230210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002487
- JSON: https://secwatch.observer/filing/0000950170-23-002487.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002487.txt

## Key facts
- Earnings Releases
  Affinity Bancshares, Inc. reported the year ended December 31, 2022 results: net income $7.1 million.
  - Period: the year ended December 31, 2022
  - Net income: $7.1 million
  - Result: reported results
  source text: For the year ended December 31, 2022, net income was $7.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823406/000095017023002487/0000950170-23-002487-index.htm
- Earnings Releases
  Affinity Bancshares, Inc. reported the three months ended December 31, 2022 results: net income $1.7 million, EPS 0.26.
  - Period: the three months ended December 31, 2022
  - Net income: $1.7 million
  - EPS: 0.26
  - Result: reported results
  source text: Affinity Bancshares, Inc. (NASDAQ:“AFBI”) (the “Company”), the holding company for Affinity Bank (the “Bank”), today announced net income of $1.7 million for the three months ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823406/000095017023002487/0000950170-23-002487-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.