Affinity Bancshares Q2 net income $1.6M, down from $1.8M YoY; NIM 3.17% vs 4.06%

Affinity Bancshares, Inc.

2023-Q2 EPS reported $0.50

Net income $1.590M (diluted EPS $0.24) vs $1.783M ($0.27) in Q2 2022.
Net interest margin 3.17% for Q2 2023 vs 4.06% a year earlier; efficiency ratio 71.68%.
Total assets $876.9M (+10.8% YoY), loans $663M, deposits $731M.
Tangible book value per share $15.47, up from $14.68 a year ago.
Uninsured deposits 12.8% of total; cost of funds 2.17% in Q2 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Affinity Bancshares, Inc. reported the three months ended June 30, 2023 results: net income $ 1,590, EPS 0.24.

Period: the three months ended June 30, 2023
Net income: $ 1,590
EPS: 0.24
Result: reported results

Exact text from the filing

At or for the three months ended, Performance Ratios: June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 Net income (in thousands) $ 1,590 $ 1,722 $ 1,699 $ 1,861 $ 1,783 Diluted earnings per share 0.24 0.26 0.26 0.27 0.27

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Affinity Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-035186

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