---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-055642"
form_type: "8-K"
ticker: "AFBI"
cik: "0001823406"
company_name: "Affinity Bancshares, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:46:00.589663+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-055642
- form_type: 8-K
- ticker: AFBI
- cik: 0001823406
- company_name: Affinity Bancshares, Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1823406/000095017023055642/0000950170-23-055642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823406/000095017023055642/afbi-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-055642
- JSON: https://secwatch.observer/filing/0000950170-23-055642.json
- Plain text: https://secwatch.observer/filing/0000950170-23-055642.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823406/000095017023055642/0000950170-23-055642-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823406/000095017023055642/0000950170-23-055642-index.htm

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