Highest-materiality recent filing
Affinity Bancshares merger with Fidelity BancShares expected to close August 1, 2026
Merger expected to close August 1, 2026, subject to customary closing conditions.
Affinity Bancshares merger with Fidelity receives all regulatory approvals; closing expected Q3 2026
All required regulatory approvals and non-objections received for the merger with Fidelity BancShares.
Affinity Bancshares stockholders approve merger with Fidelity BancShares
Proposal 1 (merger approval) passed with 4,169,011 for, 24,648 against, 5,019 abstain, 0 broker non-votes.
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.
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.
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.
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).
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.
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.
Affinity Bancshares extends CEO/CFO employment agreements through 2028/2027
Board extended terms for CEO Cooney and CCO Nelson to September 1, 2028.
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.
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.
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.
Affinity Bancshares declares $1.50 special dividend, adopts stock repurchase program
Board declared a special dividend of $1.50 per share.
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.
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.
Affinity Bancshares and APCU terminate asset acquisition deal; no termination fee
Mutual termination of Purchase Agreement to acquire Affinity Bank, effective immediately.
Shareholders voted 4,468,453 for vs 8,332 against to approve asset purchase agreement with Atlanta Postal Credit Union.
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.
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.
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.
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.
Purchase price of $22.50 per share plus option and liquidation adjustments; estimated at $159.8M.
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.
APCU will acquire Affinity Bank via purchase and assumption of substantially all assets and liabilities.
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.
Affinity Bancshares Q4 net income $1.5M ($0.23 EPS), down from $1.7M ($0.26 EPS) YoY
Q4 2023 net income of $1.5 million, diluted EPS $0.23, vs $1.7 million ($0.26) in Q4 2022.
Affinity Bancshares Q3 2023 net income $1.6M, down from $1.9M YoY; NIM 3.36%
Net income of $1.6M ($0.25 diluted EPS) vs $1.9M ($0.27) in Q3 2022.
Affinity Bancshares extends employment agreements for four executives through 2025/2026
CEO Edward J. Cooney and EVP Clark N. Nelson have agreements extended to September 1, 2026.
Affinity Bancshares Q2 net income $1.6M, down from $1.8M YoY; NIM 3.17% vs 4.06%
Net income $1.590M (diluted EPS $0.24) vs $1.783M ($0.27) in Q2 2022.
Affinity Bancshares board sets annual say-on-pay vote frequency
Stockholders recommended annual advisory votes on executive compensation at May 25, 2023 annual meeting.
Affinity Bancshares annual meeting elects directors, ratifies auditor, approves say-on-pay frequency
Directors Edward J. Cooney, Robin S. Reich, Bob W. Richardson elected for three-year terms; each had ~3.05M, 2.55M, 2.52M votes for.
Affinity Bancshares Q1 net income $1.72M, EPS $0.26; total assets up 22% YoY
Net income $1,722K vs $1,791K YoY ($0.26 diluted EPS flat).
Q4 2022 net income of $1.7M ($0.26 diluted EPS) vs $1.3M ($0.20) in Q4 2021.
Board approved repurchase of up to 331,997 shares, representing about 5% of outstanding common stock.
Affinity Bancshares Q3 net income $1.9M, EPS $0.27; net interest margin expands to 4.12%
Net income of $1.9M for Q3 2022, up from $1.8M in Q3 2021; diluted EPS $0.27 vs $0.26.
Affinity Bancshares President Proffitt resigns; CEO Cooney expected to assume role
President Gregory J. Proffitt resigned, effective no later than November 18, 2022.
Affinity Bancshares extends employment agreements for five executives through 2024/2025
CEO Edward Cooney and EVP/CCO Clark Nelson agreements extended to Sep 1, 2025.
Affinity Bancshares appoints Brandi Pajot as CFO, effective July 28, 2022
Brandi Pajot, previously Chief Treasury and Risk Officer, named CFO of Affinity Bancshares and Affinity Bank.
Q2 net income $1.8M vs $2.3M YoY; net interest margin steady at 4.06%
Net income $1.8M in Q2 2022 vs $2.3M in Q2 2021; six-month net income $3.6M vs $4.5M.
Affinity Bancshares CFO Tessa Nolan resigns effective August 31, 2022
Tessa M. Nolan, SVP and CFO, resigns effective August 31, 2022.
Affinity Bancshares stockholders approve 2022 Equity Plan, elect Ginn and Ross as directors
Stockholders approved the 2022 Equity Incentive Plan (3,530,562 for, 236,948 against, 1,317,547 broker non-votes).
Affinity Bancshares Q1 net income down to $1.8M from $2.1M YoY; NIM 4.53%
Net income $1.8M vs $2.1M in Q1 2021; ROAA 0.97%, ROAE 5.97%.
Affinity Bancshares 2021 net income $7.6M, doubling from $3.1M; NIM expands
Net income $7.6M in 2021, up from $3.1M in 2020; prior year included $2.8M merger costs.
Affinity Bancshares authorizes repurchase of up to 343,632 shares (~5% outstanding)
Board approved repurchase of up to 343,632 shares of common stock, about 5% of outstanding.
Affinity Bancshares Q3 net income $1.8M, down from $1.9M YoY; 9-month net income $6.3M vs $1.7M
Net income $1.8M for Q3 2021 vs $1.9M for Q3 2020; net interest margin 3.78% vs 3.81%.
Affinity Bancshares extends CEO, President, and two EVPs' employment agreements
CEO Edward Cooney and EVP/Chief Credit Officer Clark Nelson extended to Aug 31, 2024.
It is expected that the Boards of Directors of the Company and Affinity Bank will formally appoint Edward J. Cooney, the current Chief Executive Officer of the Company and the Bank, as President at the regular October board meeting.
On October 5, 2022, Gregory J. Proffitt, President of Affinity Bancshares, Inc. (the “Company”) and Affinity Bank, informed Affinity Bank that he would be resigning, effective no later than November 18, 2022.
On July 28, 2022, the Boards of Directors of Affinity Bancshares, Inc. (the “Company”) and Affinity Bank (the “Bank”) appointed Brandi C. Pajot as Chief Financial Officer of the Company and the Bank effective July 28, 2022.
Max materiality 0.90 · Median 0.55 · Most common event earnings