secwatch.observer — SEC 8-K summary
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Issuer:     Affinity Bancshares, Inc. (AFBI)
CIK:        0001823406
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000950170-24-009847
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Affinity Bancshares Q4 net income $1.5M ($0.23 EPS), down from $1.7M ($0.26 EPS) YoY
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- Q4 2023 net income of $1.5 million, diluted EPS $0.23, vs $1.7 million ($0.26) in Q4 2022.
- Full year 2023 net income $6.4 million; adjusted diluted EPS $0.98, down from $1.02 in 2022.
- Net interest margin fell to 3.35% for 2023 (adjusted 4.00% in 2022); cost of funds 2.36% in Q4.
- Total assets $843.3M, loans $660.0M, deposits $674.4M; uninsured deposits 14.0% of total.
- Efficiency ratio worsened to 74.30% in Q4 from 71.38% a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823406/000095017024009847/0000950170-24-009847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823406/000095017024009847/afbi-20240201.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-009847

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