Highest-materiality recent filing
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 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 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.
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 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.
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 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.
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