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. reports recurring developments for a Maryland bank holding company whose subsidiary, Affinity Bank, serves Georgia markets through full-service offices in Atlanta and Covington and a loan production office serving the Alpharetta and Cumming areas. The company’s banking news centers on deposit gathering, mortgage, commercial and consumer lending, indirect automobile lending, service charges, loan-related fees and net interest income.
Company updates also cover quarterly and annual financial results, changes in noninterest income and expense, asset quality and performance ratios, and capital actions such as special dividends and stock repurchase programs. Affinity Bank’s history as a bank opened in 1928 and its local office network provide the operating context for AFBI’s financial releases.
Affinity Bancshares (NASDAQ:AFBI) reported net income of $2.3 million for Q1 2026, up from $1.8 million in Q1 2025, and diluted EPS of $0.36 versus $0.28 year-over-year. Total assets were $924.7 million and total deposits were $734.3 million at March 31, 2026. Net interest income was $7.6 million and net interest margin was 3.50% for the quarter. Tangible book value per share was $18.30 and allowance for credit losses was 1.18% of loans.
Fidelity BancShares (N.C.) agreed to acquire Affinity Bancshares (NASDAQ: AFBI) in an all-cash transaction valued at approximately $142.8 million. Affinity shareholders will receive $23.00 per share, subject to adjustment based on adjusted stockholders' equity at closing.
The combined company will have about $5.5 billion in assets, $4.6 billion in deposits and $3.6 billion in loans, and will expand Fidelity into Georgia with two new branches. Closing is expected in Q3 2026, subject to regulatory and shareholder approvals and customary conditions.
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.