---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-049211"
form_type: "8-K"
ticker: "AFBI"
cik: "0001823406"
company_name: "Affinity Bancshares, Inc."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:39:53.802236+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-049211
- form_type: 8-K
- ticker: AFBI
- cik: 0001823406
- company_name: Affinity Bancshares, Inc.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823406/000095017024049211/0000950170-24-049211-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823406/000095017024049211/afbi-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-049211
- JSON: https://secwatch.observer/filing/0000950170-24-049211.json
- Plain text: https://secwatch.observer/filing/0000950170-24-049211.txt

## Key facts
- Earnings Releases
  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
  source text: On April 26, 2024, Affinity Bancshares, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823406/000095017024049211/0000950170-24-049211-index.htm

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