Affinity Bancshares Q1 net income $1.3M ($0.20 EPS), down from $1.7M ($0.26) YoY

Affinity Bancshares, Inc.

2024-Q1 EPS reported $0.20

Net income $1.3M ($0.20 EPS), down from $1.7M ($0.26) in Q1 2023.
Net interest margin fell to 3.38% from 3.58% YoY; efficiency ratio 75.96% vs 69.73%.
Total assets $869.5M, loans $674.5M, deposits $687.4M.
Tangible book value per share $16.36, up from $15.20 YoY.
Uninsured deposits ~15.6%; cost of funds 2.42% in Q1 2024 vs 2.36% in Q4 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 1.0

Affinity Bancshares, Inc. reported the quarter ended March 31, 2024 results: net income net income of $1.3 million, EPS $0.20.

Period: the quarter ended March 31, 2024
Net income: net income of $1.3 million
EPS: $0.20
Result: reported results

Exact text from the filing

On April 26, 2024, Affinity Bancshares, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000950170-24-049211

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