Affinity Bancshares, Inc. reported the three months ended March 31, 2026 results: net income net income of $2.3 million for the three months ended March 31, 2026, as compared to $1.8 million for the three months e, EPS Diluted earnings per share 0.36.
“On April 24, 2026, Affinity Bancshares, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2026.”
Material Agreements
Affinity Bancshares, Inc. entered into Agreement and Plan of Merger with Fidelity BancShares (N.C.), Inc., The Fidelity Bank and TFB Merger Subsidiary, Inc. valued at $23.00 in cash per share (effective 2026-03-30).
“On March 30, 2026, Affinity Bancshares, Inc. (the “Company”) and Affinity Bank, National Association (“Affinity Bank” and, together with the Company, “Affinity”), Fidelity BancShares (N.C.), Inc. (“Fidelity BancShares”), The Fidelity Bank (“Fidelity Bank”) and TFB Merger Subsidiary, Inc., a North Carolina corporation that will be formed as a wholly owned subsidiary of Fidelity Bank to facilitate the merger (“Merger Sub,” and together with Fidelity BancShares and Fidelity Bank, “Fidelity”), entered into an Agreement and Plan of Merger (the “Agreement”).”
Earnings Releases
Affinity Bancshares, Inc. reported the quarter ended March 31, 2024 results: net income net income of $1.3 million, EPS $0.20.
“On April 26, 2024, Affinity Bancshares, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2024.”
Earnings Releases
Affinity Bancshares, Inc. reported the year ended December 31, 2023 results: net income $6,448, EPS $0.98.
“growth in loans 2.6% growth in deposits As of 2023Q4 YE 2023 AFBI Selected Data COMPANY HIGHLIGHTS $26.7 million in NOO office loans 41.0% avg LTV on NOO office loans 36% DDA/Total Deposits $6.4 million in 2023 earnings 14.0% uninsured deposits approximately $0.98 Diluted Earnings per Share AFBI Selected Data Tangible Book Value Calculation Tangible Equity Shares Outstanding Tangible Book Value Ending balance December 31, 2022 $98,545 6,605 $14.92 Stock Activity including repurchase (2,106) Unearned stock comp change 208 AOCI Change 323 Effect of goodwill and other intangibles 192 Adoption of new accounting pronouncement (460) Net earnings before stock compensation 7,508 Stock Compensation, net of taxes (1,060) Ending balance December 31, 2023 $103,150 6,416 $16.08 (in thousands, including shares, except for tangible book value) * See Non-GAAP Reconciliation AFBI Selected Data NIM, NI,”
Earnings Releases
Affinity Bancshares, Inc. reported the three months ended December 31, 2023 results: net income $1.5 million, EPS 0.23.
“Affinity Bancshares, Inc. (NASDAQ:"AFBI") (the "Company"), February 1, 2024, the holding company for Affinity Bank (the "Bank"), today announced net income of $1.5 million for the three months ended December 31, 2023, as compared to $1.7 million for the three months ended December 31, 2022.”
Earnings Releases
Affinity Bancshares, Inc. reported three months ended September 30, 2023 results: net income $1,623 (in thousands), EPS $0.25 diluted earnings per share.
“Affinity Bancshares, Inc. (NASDAQ:"AFBI") (the "Company"), the holding company for Affinity Bank (the "Bank"), today announced net income of $1.6 million for the three months ended September 30, 2023, as compared to $1.9 million for the three months ended September 30, 2022.”
Earnings Releases
Affinity Bancshares, Inc. reported the three months ended June 30, 2023 results: net income $ 1,590, EPS 0.24.
“At or for the three months ended, Performance Ratios: June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 Net income (in thousands) $ 1,590 $ 1,722 $ 1,699 $ 1,861 $ 1,783 Diluted earnings per share 0.24 0.26 0.26 0.27 0.27”
Shareholder Votes
Affinity Bancshares, Inc. shareholders approved Advisory, non-binding proposal with respect to frequency of stockholder votes on executive compensation at the 2023-05-25 meeting.
“An advisory, non-binding proposal with respect to the frequency that stockholders will vote on our executive compensation. Every Year Every Two Years Every Three Years Abstain Broker non-votes 2,671,669 47,113 339,842 97,886 1,988,474”
Shareholder Votes
Affinity Bancshares, Inc. shareholders approved Advisory, non-binding resolution with respect to executive compensation at the 2023-05-25 meeting.
“An advisory, non-binding resolution with respect to the executive compensation described in the proxy statement. For Against Abstain Broker non-votes 2,962,192 163,341 30,977 1,988,474”
Shareholder Votes
Affinity Bancshares, Inc. shareholders approved Ratification of appointment of Wipfli LLP as independent registered public accounting firm for the year ending December 31, 2023 at the 2023-05-25 meeting.
“For Against Abstain Broker non-votes 5,078,260 56,903 9,821 0”
Shareholder Votes
Affinity Bancshares, Inc. shareholders approved Election of directors, each for a three-year term at the 2023-05-25 meeting.
“Edward J. Cooney 3,048,835 107,675 1,988,474”
Earnings Releases
Affinity Bancshares, Inc. reported the three months ended March 31, 2023 results: net income $1.7 million, EPS 0.26.
“Affinity Bancshares, Inc. (NASDAQ:“AFBI”) (the “Company”), the holding company for Affinity Bank (the “Bank”), today announced net income of $1.7 million for the three months ended March 31, 2023, as compared to $1.8 million for the three months ended March 31, 2022.”
Earnings Releases
Affinity Bancshares, Inc. reported the quarter ended March 31, 2023 results: net income $1.7 million, EPS 0.26.
“On April 27, 2023, Affinity Bancshares, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2023.”
Earnings Releases
Affinity Bancshares, Inc. reported the year ended December 31, 2022 results: net income $7.1 million.
“For the year ended December 31, 2022, net income was $7.1 million”
Earnings Releases
Affinity Bancshares, Inc. reported the three months ended December 31, 2022 results: net income $1.7 million, EPS 0.26.
“Affinity Bancshares, Inc. (NASDAQ:“AFBI”) (the “Company”), the holding company for Affinity Bank (the “Bank”), today announced net income of $1.7 million for the three months ended December 31, 2022”
Edward J. Cooney was appointed as President at Affinity Bancshares, Inc..
“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.”
Gregory J. Proffitt resigned as President at Affinity Bancshares, Inc..
“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.”
Brandi C. Pajot was appointed as Chief Financial Officer at Affinity Bancshares, Inc..
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.