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Affinity Bancshares, Inc.

Affinity Bancshares, Inc.

NASDAQ•AFBI
CEO: Mr. Edward J. Cooney CPA, CPA
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2017-04-28
Affinity Bancshares, Inc. operates as the holding company for Affinity Bank that provides various banking products and services in Georgia. The company offers various deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts, as well as Kasasa (rewards) deposit program for checking accounts with interest rates or cash-back rewards. It offers commercial and residential real estate, commercial and industrial, residential mortgage, construction and land, and consumer loans, as well as balloon and adjustable-rate loans. In addition, the company invests in U.S. treasury securities; securities issued by the U.S. government and its agencies, or government sponsored enterprises, including mortgage-backed securities and collateralized mortgage obligations; corporate and municipal bonds; certificates of deposit in other financial institutions; and federal and money market funds. Further, it operates a virtual bank under the name FitnessBank, which accepts deposits and provides higher interest rates based on customers meeting certain fitness goals. Affinity Bancshares, Inc. was founded in 1928 and is headquartered in Covington, Georgia.
Contact Information
3175 Highway 278, Covington, GA, 30014, United States
770-786-7088
myaffinitybank.com
Market Cap
$127.42M
P/E (TTM)
17.0
15.1
Dividend Yield
7.4%
52W High
$22.50
52W Low
$17.00
52W Range
59%
Rank44Top 53.8%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$11.90M-7.53%
4-Quarter Trend

EPS

$0.35+29.63%
4-Quarter Trend

FCF

$3.95M-0.15%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Significantly Increased Nine-month net income reached $6.20M, a substantial rise from $4.10M year-over-year, driven by better NII and lower credit costs.
Loan Portfolio Expansion Gross loans grew 2.2% to $729.5M by September 30, 2025, supported by strong demand in commercial and consumer lending segments.
Credit Loss Provision Reversal Provision for credit losses dropped to $79K for nine months versus $213K prior year, reflecting improved asset quality trends.
Capital Ratios Remain Strong Common Equity Tier 1 ratio stood at 12.08% as of period end, maintaining a well-capitalized regulatory status.

Risk Factors

Slight NIM Compression Noted Net Interest Margin slightly decreased to 3.53% as asset yields declined faster than the cost of interest-bearing liabilities.
Capital Ratio Moderation CET1 ratio decreased 88 basis points since year-end 2024, though remaining well above regulatory minimum requirements.
Loan Quality Monitoring Required Allowance for credit losses on loans was 1.17% of net loans; management must adjust based on regulatory review findings.
Interest Rate Sensitivity Exposure Modeling suggests a potential 2.34% decrease in Year 1 NII if interest rates instantaneously increase by 200 basis points.

Outlook

Liquidity Strategy Focus Anticipate retaining a significant portion of maturing time deposits through current pricing strategies to maintain stable funding.
Loan Portfolio Diversification Strategy emphasizes growing transaction deposits and diversifying the loan portfolio away from longer-term, fixed-rate products.
Credit Loss Estimates Subjective Future credit loss provisions depend on ongoing qualitative factors and are subject to periodic review by regulatory agencies.
Managing Funding Costs Company seeks to limit reliance on non-core funding sources while managing deposit competition and interest rate fluctuations.

Peer Comparison

Revenue (TTM)

First Guaranty Bancshares, Inc.FGBI
$180.76M
-23.8%
SB Financial Group, Inc.SBFG
$89.45M
+11.0%
Union Bankshares, Inc.UNB
$85.54M
+17.7%

Gross Margin (Latest Quarter)

SB Financial Group, Inc.SBFG
71.4%
+3.1pp
Riverview Bancorp, Inc.RVSB
70.9%
+3.4pp
Union Bankshares, Inc.UNB
62.3%
+6.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
PNBK$171.28M-6.2-35.9%1.7%
ECBK$151.31M21.13.9%16.7%
SBFG$138.85M10.110.3%4.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.3%
Flat Growth
4Q Net Income CAGR
18.1%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 29, 2026
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EPS:-
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $11.90M-7.5%
    |
    EPS: $0.35+29.6%
    N/A

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 12, 2025|
    Revenue: $13.36M+3.4%
    |
    EPS: $0.34+112.5%
    N/A

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $12.59M+6.6%
    |
    EPS: $0.29+38.1%
    N/A

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 27, 2025|
    Revenue: $49.99M+10.7%
    |
    EPS: $0.85-15.0%
    N/A

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 21, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $12.87M+10.4%
    |
    EPS: $0.27+8.0%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $12.93M+12.0%
    |
    EPS: $0.16-36.0%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $11.81M+14.8%
    |
    EPS: $0.21-19.2%
    N/A