Recent 8-K filings for AFBI
Highest-materiality recent filing
Affinity Bancshares to be acquired by Fidelity BancShares for $23.00 per share in cash
- Merger consideration: $23.00 per share in cash; adjusted for equity change post-Feb 28, 2026.
- Expected close Q3 2026, subject to regulatory and stockholder approvals.
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Affinity Bancshares Q1 net income $2.3M, EPS $0.36 vs $0.28 YoY
Net income $2.284M vs $1.831M in Q1 2025 (+24.7%); diluted EPS $0.36 vs $0.28.
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Affinity Bancshares to be acquired by Fidelity BancShares for $23.00 per share in cash
Merger consideration: $23.00 per share in cash; adjusted for equity change post-Feb 28, 2026.
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Affinity Bancshares Q4 net income $2.1M, diluted EPS $0.34 vs $0.20 YoY
Net income $2.1M for Q4 2025, up from $1.3M in Q4 2024; diluted EPS $0.34 vs $0.20.
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Affinity Bancshares adopts stock repurchase program for up to 5% of outstanding
Board authorizes repurchase of up to 304,524 shares (approx. 5% of outstanding common stock).
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Affinity Bancshares appoints Teak Shore to Board of Directors
Appointed Teak Shore to the boards of Affinity Bancshares and its subsidiary Affinity Bank on December 18, 2025.
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Affinity Bancshares Q3 net income $2.2M, up 28% YoY; diluted EPS $0.34
Net income $2.2M vs $1.7M YoY; diluted EPS $0.34 vs $0.26.
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Affinity Bancshares extends CEO/CFO employment agreements through 2028/2027
Board extended terms for CEO Cooney and CCO Nelson to September 1, 2028.
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Affinity Bancshares Q2 net income doubles to $2.2M; EPS $0.33 vs $0.16 YoY
Net income of $2.15M (diluted EPS $0.33) vs $1.03M ($0.16) a year ago.
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Directors Marshall Ginn and Mark Ross re-elected with 3,019,917 and 3,049,177 votes for; 575,932 and 546,672 withheld, respectively.
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Affinity Bancshares Q1 2025 net income up 37% to $1.831M; EPS $0.28 vs $0.20 YoY
Net income $1.831M ($0.28 diluted EPS) vs $1.335M ($0.20) in Q1 2024, a 37% increase.
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Affinity Bancshares declares $1.50 special dividend, adopts stock repurchase program
Board declared a special dividend of $1.50 per share.
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Affinity Bancshares declares $1.50 special dividend, payable March 27, 2025
Special dividend of $1.50 per share; record date March 13, 2025; payable March 27, 2025.
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Affinity Bancshares Q4 net income down to $1.3M from $1.5M; FY24 EPS $0.83 vs $0.98
GAAP net income $1.3M for Q4 2024 vs $1.5M in Q4 2023; diluted EPS $0.20 vs $0.23.
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Affinity Bancshares and APCU terminate asset acquisition deal; no termination fee
Mutual termination of Purchase Agreement to acquire Affinity Bank, effective immediately.
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Shareholders voted 4,468,453 for vs 8,332 against to approve asset purchase agreement with Atlanta Postal Credit Union.
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Affinity Bancshares faces two lawsuits and seven demands over proxy statement for APCU asset sale
Two shareholder suits filed Oct 11, 2024 in NY Supreme Court; seven demand letters received Oct 7-16.
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Affinity Bancshares Q3 net income rises to $1.73M; diluted EPS $0.26
Net income of $1.73M for Q3 2024 vs $1.62M in Q3 2023; diluted EPS $0.26 vs $0.25.
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Affinity Bancshares extends CEO, CFO, and two EVP employment agreements
CEO Edward J. Cooney and EVP/Chief Credit Officer Clark N. Nelson agreements extended to Sept 1, 2027.
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Affinity Bancshares Q2 net income falls 35% to $1.0M; EPS $0.16
Net income $1.0M vs $1.6M a year ago; diluted EPS $0.16 vs $0.24.
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Purchase price of $22.50 per share plus option and liquidation adjustments; estimated at $159.8M.
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Affinity Bancshares enters definitive agreement to sell Affinity Bank for ~$22.50/share cash to APCU
All-cash purchase and assumption; APCU to acquire substantially all assets and assume all liabilities of Affinity Bank.
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APCU will acquire Affinity Bank via purchase and assumption of substantially all assets and liabilities.
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Affinity Bancshares Q1 net income $1.3M ($0.20 EPS), down from $1.7M ($0.26) YoY
Net income $1.3M ($0.20 EPS), down from $1.7M ($0.26) in Q1 2023.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.65 · Most common event earnings