Welcome to our dedicated page for Affinity Bancshares news (Ticker: AFBI), a resource for investors and traders seeking the latest updates and insights on Affinity Bancshares stock.
Affinity Bancshares, Inc. (NASDAQ: AFBI) is the holding company for Affinity Bank, a federally chartered stock savings bank based in Covington, Georgia. The company regularly issues detailed news releases on its financial performance, capital actions and corporate developments, providing investors and depositors with insight into its commercial banking operations.
News coverage for AFBI frequently centers on quarterly and annual financial results. The company reports metrics such as net income, net interest income, net interest margin, efficiency ratio, return on average assets, return on average equity, loan growth, deposit trends and asset quality indicators. These releases often include discussions of changes in noninterest income and noninterest expense, including the impact of merger-related expenses and other operating costs.
Another recurring theme in Affinity Bancshares news is capital management. The company has announced stock repurchase programs authorizing the repurchase of a percentage of its outstanding common shares, with repurchases permitted in open market or private transactions, including block trades and transactions under Rule 10b5-1 trading plans, subject to Rule 10b-18 and other legal requirements. It has also announced a special cash dividend, citing its financial results and desire to return capital to stockholders.
Corporate and strategic updates also appear in AFBI news releases. Affinity Bancshares has disclosed a definitive agreement for the proposed acquisition of Affinity Bank by Atlanta Postal Credit Union and Center Parc Credit Union, followed by a later joint announcement that the parties mutually agreed to terminate that purchase agreement after regulatory-related discussions. The company’s news flow has also referenced merger-related expenses and their effect on reported results.
Visitors to the AFBI news page can review these earnings announcements, capital actions and transaction updates to understand how Affinity Bancshares manages its balance sheet, loan portfolio, deposits and strategic direction over time.
Affinity Bancshares (NASDAQ:AFBI) reported net income of $2.1M for Q4 2025 and $8.3M for the full year, versus $1.3M quarterly and $5.4M annually in 2024. Operating income was $2.5M in Q4 and $9.2M for 2025. Net interest income rose to $31.1M for the year and to $8.3M in Q4; full-year net interest margin improved to 3.59% (up 5 bps). Total assets were $881.7M and gross loans grew to $742.7M. Deposits increased to $695.0M. Non-performing loans decreased to $3.6M and allowance for credit losses to NPLs rose to 251.9%. The company repurchased common stock (~$6.0M) and paid a $1.50/share dividend in Q1 2025.
Affinity Bancshares (Nasdaq: AFBI) announced that its Board adopted a stock repurchase program authorizing repurchases of up to 304,524 shares, or approximately 5% of outstanding common stock. Repurchases may be executed in open market or private transactions, block trades, or under Rule 10b5-1 plans and will follow Rule 10b-18 and other legal requirements. Purchases are at management's discretion and depend on stock availability, market conditions, alternative capital uses, and the Company’s financial performance. The program may be suspended, terminated, or modified at any time and does not obligate the Company to buy any shares.
Affinity Bancshares (NASDAQ:AFBI) reported Q3 2025 net income of $2.2M (diluted EPS $0.34), up from $1.7M in Q3 2024, and nine-month net income of $6.2M vs $4.1M a year earlier. Operating income was $2.4M in Q3 and $6.7M for nine months.
Key balance-sheet moves at September 30, 2025: total assets $925.2M, gross loans $729.5M, deposits $739.4M, and cash and equivalents $84.8M. Q3 net interest income was $7.8M with a net interest margin of 3.49%. Noninterest expense declined year-over-year mainly due to lower merger-related costs. Investment AFS unrealized losses were $4.5M net of tax; non-performing loans rose to $5.1M.
Affinity Bancshares (NASDAQ:AFBI) reported strong Q2 2025 financial results, with net income more than doubling to $2.2 million compared to $1.0 million in Q2 2024. The bank's performance showed significant improvements with diluted EPS increasing to $0.33 from $0.16 year-over-year.
Key metrics include total assets growing to $933.8 million, a $67.0 million increase from December 2024, driven by loan growth and increased deposits. The bank's loan portfolio expanded by $17.0 million to $731.1 million, while deposits increased by $75.9 million to $749.3 million. Net interest margin slightly decreased to 3.57% from 3.71% year-over-year, while asset quality remained strong with non-performing loans decreasing to $4.6 million.
Affinity Bancshares (NASDAQ: AFBI) has announced a new stock repurchase program authorized by its Board of Directors. The program allows the company to repurchase up to 320,480 shares of its common stock, representing approximately 5% of current outstanding shares.
The repurchases can be executed through open market transactions, private dealings, and block trades, with implementation possible through Rule 10b5-1 trading plans. Management will conduct purchases at their discretion, considering factors such as stock price attractiveness, market conditions, trading prices, alternative capital uses, and financial performance.
The company operates through its banking subsidiary, Affinity Bank, established in 1928, with two full-service offices in Covington, one in Atlanta, and a loan production office serving Alpharetta and Cumming, Georgia markets.
Affinity Bancshares (Nasdaq: AFBI) has announced a special cash dividend of $1.50 per share, payable on March 27, 2025, to stockholders of record as of March 13, 2025. The announcement follows what management describes as a solid net income performance for the year ended December 31, 2024, despite expenses incurred from a terminated transaction with Atlanta Postal Credit Union.
The company, headquartered in Covington, Georgia, operates through its banking subsidiary Affinity Bank, which was established in 1928. The bank currently maintains two full-service offices in Covington, one in Atlanta, and a loan production office serving the Alpharetta and Cumming markets.
Affinity Bancshares (NASDAQ:AFBI) reported net income of $5.4 million for 2024, down from $6.4 million in 2023. Fourth quarter 2024 net income was $1.3 million, compared to $1.5 million in Q4 2023. The decrease was primarily due to increased noninterest expenses related to a terminated merger.
Key financial metrics include: Total assets increased to $866.8 million (up $23.6 million YoY); Total gross loans grew by $54.2 million to $714.1 million; Net interest margin improved to 3.54% from 3.35% in 2023. The bank's efficiency ratio increased to 76.20% from 71.86% year-over-year.
Asset quality showed improvement with non-performing loans decreasing to $4.8 million from $7.4 million in 2023. The allowance for credit losses as a percentage of non-performing loans strengthened to 177.9% from 120.1% year-over-year.
APCU/Center Parc Credit Union and Affinity Bancshares, Inc. (NASDAQ: AFBI) have mutually agreed to terminate their previously announced purchase agreement, under which APCU would have acquired Affinity Bank, National Association. The termination follows APCU's discussions with regulatory agencies, after which APCU decided to withdraw its application with the Georgia Department of Banking and Finance regarding the proposed transaction. The boards of directors of all parties have agreed to this termination, effective immediately.
Affinity Bancshares, Inc. (NASDAQ:AFBI) reported net income of $1.0 million for Q2 2024, down from $1.6 million in Q2 2023. The decrease was primarily due to increased noninterest expenses, partially offset by higher net interest income. Key financial highlights include:
- Net interest income increased to $7.6 million, up from $6.7 million in Q2 2023
- Net interest margin improved to 3.71% from 3.17% year-over-year
- Total assets grew to $872.6 million, up $29.3 million from December 31, 2023
- Gross loans increased by $32.7 million to $692.6 million
- Deposits rose by $15.3 million to $689.7 million
The company's asset quality improved, with non-performing loans decreasing to $3.0 million from $7.4 million at the end of 2023. The allowance for credit losses as a percentage of non-performing loans increased to 282.0%.
Atlanta Postal Credit Union (APCU) and its subsidiary, Center Parc Credit Union, have announced an all-cash acquisition of Affinity Bank, a wholly-owned subsidiary of Affinity Bancshares (NASDAQ: AFBI). The transaction, approved unanimously by both boards, will involve APCU acquiring substantially all assets and liabilities of Affinity Bank. Expected to close in Q4 2024 or Q1 2025, the deal is subject to regulatory and shareholder approvals. Post-acquisition, Affinity Bank's customers will become APCU members, benefiting from a range of financial services. The deal will also see Affinity Bank liquidated and its assets distributed to shareholders at approximately $22.50 per share. APCU aims to expand its market reach and expertise through this acquisition.
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