secwatch.observer — SEC 8-K summary
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Issuer:     Affinity Bancshares, Inc. (AFBI)
CIK:        0001823406
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0000950170-23-002487
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823406/000095017023002487/0000950170-23-002487-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823406/000095017023002487/afbi-20230210.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002487

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer