Affinity Bancshares Q3 2023 net income $1.6M, down from $1.9M YoY; NIM 3.36%

Affinity Bancshares, Inc.

2023-Q3 EPS reported $0.75

Net income of $1.6M ($0.25 diluted EPS) vs $1.9M ($0.27) in Q3 2022.
Net interest margin 3.36%, down from 4.12% YoY, reflecting 76 bps compression.
Total assets $855M; loans $661M; deposits $709M; annualized asset growth 10.8%.
Tangible book value per share $15.62, up from $14.57 a year ago.
Efficiency ratio worsened to 71.78% from 67.62% in prior-year quarter.

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 three months ended September 30, 2023 results: net income $1,623 (in thousands), EPS $0.25 diluted earnings per share.

Period: three months ended September 30, 2023
Net income: $1,623 (in thousands)
EPS: $0.25 diluted earnings per share
Result: reported results

Exact text from the filing

Affinity Bancshares, Inc. (NASDAQ:"AFBI") (the "Company"), the holding company for Affinity Bank (the "Bank"), today announced net income of $1.6 million for the three months ended September 30, 2023, as compared to $1.9 million for the three months ended September 30, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Affinity Bancshares, Inc. reported three months ended September 30, 2023 results: net income $1,623 (in thousands), EPS $0.25 diluted earnings per share.

Period: three months ended September 30, 2023
Net income: $1,623 (in thousands)
EPS: $0.25 diluted earnings per share
Result: reported results

Exact text from the filing

At or for the three months ended, Performance Ratios: September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 Net income (in thousands) $ 1,623 $ 1,590 $ 1,722 $ 1,699 $ 1,861 Diluted earnings per share 0.25 0.24 0.26 0.26 0.27

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Affinity Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-055642

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