10-K · April 17, 2026
This 10-K/A amends the previously filed 2025 Form 10-K to add Part III (governance, executive compensation and related disclosures) and does not change previously reported financial statements. Key takeaways: net income…
Earnings analysis · 10-Q
AFBI earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Affinity Bancshares reported a positive first quarter for 2026 with a net income of $2.3 million and diluted EPS of $0.36, representing a year-over-year increase from Q1 2025's $1.8 million and $0.28 respectively. The…
Read full summary
Affinity Bancshares reported a positive first quarter for 2026 with a net income of $2.3 million and diluted EPS of $0.36, representing a year-over-year increase from Q1 2025's $1.8 million and $0.28 respectively. The growth was supported by rising net interest income and reduced noninterest expenses, although the company faces unrealized losses and margin compression as notable pressures. Additionally, a merger agreement with Fidelity BancShares is expected to close in Q3 2026.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.36
What stood out
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Revenue Growth
Total revenue reached $8.117 million for Q1 2026, growing 14.3% from $7.094 million in Q1 2025.
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Increased EPS
Dividend EPS rose to $0.36 in Q1 2026, up from $0.28 in Q1 2025, marking a 28.6% increase.
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Net Interest Income Up
Net interest income improved by 3.11% to $7.565 million in Q1 2026, compared to $7.337 million in Q1 2025.
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Lower Noninterest Expenses
Noninterest expenses decreased by 2.7% to $5.215 million year-over-year, from $5.359 million.
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Increased Deposits
Total deposits increased by $39.3 million, or 5.7%, to $734.3 million compared to end of 2025.
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Strong Balance Sheet
Total assets increased by 4.9%, reaching $924.7 million at March 31, 2026.
What to watch
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Unrealized AFS Losses
The company reported $3.8 million in unrealized losses on available-for-sale securities.
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Net Interest Margin Compression
Net interest margin decreased to 3.50% from 3.52% year-over-year, indicating decreasing profitability on loans.
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Future Credit Loss Provisions
Potential changes in credit loss estimates could affect future results, as credit quality remains under review.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-K · March 20, 2026
Affinity Bancshares reports a modestly growing franchise with total assets of $881.7 million and loans of $742.7 million as of December 31, 2025, and improved profitability through 2025 (quarterly operating margins rose…
10-Q · May 9, 2025
Affinity Bancshares reported improved first-quarter profitability with net income of $1,831,000 (up from $1,335,000) and diluted EPS of $0.28 (up from $0.20). Core net interest income after provision rose to $7,287,000…
10-Q · August 9, 2024
Revenue (net interest income before provision + noninterest income) rose to $8,274,000 in Q2 2024 (from $7,371,000 in Q2 2023), driven by higher loan interest income. Despite revenue growth, net income declined to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.