secwatch.observer — SEC 8-K summary
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Issuer:     Affinity Bancshares, Inc. (AFBI)
CIK:        0001823406
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0000950170-25-011460
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 down to $1.3M from $1.5M; FY24 EPS $0.83 vs $0.98
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- GAAP net income $1.3M for Q4 2024 vs $1.5M in Q4 2023; diluted EPS $0.20 vs $0.23.
- Full-year 2024 net income $5.4M vs $6.4M in 2023; diluted EPS $0.83 vs $0.98.
- Adjusted diluted EPS (non-GAAP) $0.26 in Q4 and $1.03 for FY 2024 vs $0.98 in FY 2023.
- Net interest margin improved to 3.56% in Q4 from 3.32% a year ago; efficiency ratio worsened to 75.95%.
- Tangible book value per share rose to $17.30 from $16.08; total assets $866.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823406/000095017025011460/0000950170-25-011460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823406/000095017025011460/afbi-20250131.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-011460

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer