Affinity Bancshares, Inc. Announces Payment of Special Cash Dividend of $1.50 Per Share
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) ha annunciato un dividendo straordinario in contante di $1,50 per azione, che sarà pagato il 27 marzo 2025, agli azionisti registrati al 13 marzo 2025. L'annuncio segue ciò che la direzione descrive come una solida performance dell'utile netto per l'anno conclusosi il 31 dicembre 2024, nonostante le spese sostenute a causa di una transazione terminata con l'Atlanta Postal Credit Union.
L'azienda, con sede a Covington, Georgia, opera attraverso la sua controllata bancaria Affinity Bank, fondata nel 1928. La banca attualmente mantiene due uffici a servizio completo a Covington, uno ad Atlanta e un ufficio di produzione prestiti che serve i mercati di Alpharetta e Cumming.
Affinity Bancshares (Nasdaq: AFBI) ha anunciado un dividendo en efectivo especial de $1.50 por acción, que se pagará el 27 de marzo de 2025, a los accionistas registrados al 13 de marzo de 2025. El anuncio sigue lo que la dirección describe como un sólido desempeño de ingresos netos para el año que terminó el 31 de diciembre de 2024, a pesar de los gastos incurridos por una transacción terminada con la Atlanta Postal Credit Union.
La empresa, con sede en Covington, Georgia, opera a través de su filial bancaria Affinity Bank, que fue establecida en 1928. Actualmente, el banco mantiene dos oficinas de servicio completo en Covington, una en Atlanta y una oficina de producción de préstamos que atiende los mercados de Alpharetta y Cumming.
Affinity Bancshares (Nasdaq: AFBI)는 주주들에게 2025년 3월 27일에 지급될 특별 현금 배당금을 주당 $1.50로 발표했습니다. 배당금 지급 대상은 2025년 3월 13일 기준의 주주들입니다. 이 발표는 경영진이 2024년 12월 31일로 종료된 회계연도의 견고한 순이익 실적을 설명한 것에 따른 것으로, 애틀랜타 우편 신용 조합과의 종료된 거래에서 발생한 비용에도 불구하고 이루어졌습니다.
조지아주 코빙턴에 본사를 두고 있는 이 회사는 1928년에 설립된 은행 자회사 Affinity Bank를 통해 운영됩니다. 현재 은행은 코빙턴에 두 개의 종합 서비스 사무소와 애틀랜타에 하나의 사무소, 알파레타 및 커밍 시장을 위한 대출 생산 사무소를 운영하고 있습니다.
Affinity Bancshares (Nasdaq: AFBI) a annoncé un dividende exceptionnel en espèces de 1,50 $ par action, payable le 27 mars 2025, aux actionnaires inscrits au 13 mars 2025. Cette annonce fait suite à ce que la direction décrit comme une solide performance du revenu net pour l'année se terminant le 31 décembre 2024, malgré les dépenses engagées à la suite d'une transaction annulée avec l'Atlanta Postal Credit Union.
L'entreprise, dont le siège est à Covington, en Géorgie, opère par le biais de sa filiale bancaire Affinity Bank, fondée en 1928. La banque maintient actuellement deux bureaux de services complets à Covington, un à Atlanta et un bureau de production de prêts servant les marchés d'Alpharetta et de Cumming.
Affinity Bancshares (Nasdaq: AFBI) hat eine sonstige Barausschüttung von 1,50 $ pro Aktie angekündigt, die am 27. März 2025 an die Aktionäre ausgezahlt wird, die am 13. März 2025 im Aktienregister stehen. Die Ankündigung folgt auf das, was das Management als eine solide Nettogewinnleistung für das am 31. Dezember 2024 endende Jahr beschreibt, trotz der Kosten, die durch eine beendete Transaktion mit der Atlanta Postal Credit Union entstanden sind.
Das Unternehmen mit Sitz in Covington, Georgia, operiert über seine Banktochter Affinity Bank, die 1928 gegründet wurde. Die Bank unterhält derzeit zwei Vollservice-Büros in Covington, eines in Atlanta und ein Darlehensproduktionsbüro, das die Märkte in Alpharetta und Cumming bedient.
- Special cash dividend of $1.50 per share announced
- Solid net income reported for 2024
- Demonstrated financial stability despite transaction expenses
- Incurred expenses from terminated Atlanta Postal Credit Union transaction
Edward J. Cooney, President and Chief Executive Officer of the Company, stated “We recorded a solid level of net income for the year ended December 31, 2024, despite the expenses we incurred in connection with the terminated transaction with Atlanta Postal Credit Union, which reaffirms the Company’s stability and resilience. This dividend reflects our desire to share our success with our stockholders, as well as our ongoing commitment to delivering stockholder value.”
About Affinity Bancshares, Inc.
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Forward-Looking Statements
In addition to historical information, this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which describe the future plans, strategies and expectations of the Company. Forward-looking statements can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “assume,” “plan,” “seek,” “expect,” “will,” “may,” “should,” “indicate,” “would,” “contemplate,” “continue,” “target” and words of similar meaning. Forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Accordingly, you should not place undue reliance on such statements. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this report. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in general economic conditions, interest rates and inflation; changes in asset quality; our ability to access cost-effective funding; fluctuations in real estate values; changes in laws or regulations; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; changes in technology; failures or breaches of our IT security systems; our ability to introduce new products and services and capitalize on growth opportunities; changes in the value of our goodwill and other intangible assets; our ability to successfully integrate acquired operations or assets; changes in accounting policies and practices; our ability to retain key employees; and the effects of natural disasters and geopolitical events, including terrorism, conflict and acts of war. These risks and other uncertainties are further discussed in the reports that the Company files with the Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250227608901/en/
Edward J. Cooney
Chief Executive Officer
(678) 742-9990
Source: Affinity Bancshares, Inc.
FAQ
When will Affinity Bancshares (AFBI) pay its special dividend of $1.50 per share?
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