AFBI earnings analysis
What we found in AFBI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Total revenue reached $8.117 million for Q1 2026, growing 14.3% from $7.094 million in Q1 2025.
- Increased EPS
- Dividend EPS rose to $0.36 in Q1 2026, up from $0.28 in Q1 2025, marking a 28.6% increase.
- 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.
- Lower Noninterest Expenses
- Noninterest expenses decreased by 2.7% to $5.215 million year-over-year, from $5.359 million.
- Increased Deposits
- Total deposits increased by $39.3 million, or 5.7%, to $734.3 million compared to end of 2025.
- Strong Balance Sheet
- Total assets increased by 4.9%, reaching $924.7 million at March 31, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Unrealized AFS Losses
- The company reported $3.8 million in unrealized losses on available-for-sale securities.
- Net Interest Margin Compression
- Net interest margin decreased to 3.50% from 3.52% year-over-year, indicating decreasing profitability on loans.
- Future Credit Loss Provisions
- Potential changes in credit loss estimates could affect future results, as credit quality remains under review.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.36
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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