Affinity Bancshares Inc (AFBI)

Name: Affinity Bancshares Inc Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$12.6M

Net Income

$1.8M

Operating Margin

19.1%

Free Cash Flow

$11.2M

Debt / Assets

85.6%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Affinity Bancshares Inc (AFBI).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	12,586,000	12,387,000	12,868,000	12,928,000
Cost of Revenue	4,818,000	5,018,000	4,888,000	4,867,000
Gross Profit	7,768,000	7,369,000	7,980,000	8,061,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	3,359,000	3,273,000	3,257,000	3,417,000
Operating Expenses	5,359,000	5,768,000	5,704,000	6,719,000
Operating Income	2,409,000	1,601,000	2,276,000	1,342,000
Interest Expense	4,768,000	4,793,000	4,888,000	4,654,000
Income Before Tax	2,409,000	1,601,000	2,276,000	1,342,000
Income Tax Expense	578,000	256,000	546,000	311,000
Net Income	1,831,000	1,345,000	1,730,000	1,031,000
Per Share
EPS	0.29	0.21	0.27	0.16
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Affinity Bancshares Inc (AFBI).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	52,933,000	49,988,000	29,664,000	32,157,000	32,453,000
Cost of Revenue	19,997,000	19,245,000	15,460,000	0	0
Gross Profit	32,936,000	30,743,000	29,706,000	32,157,000	32,453,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	16,526,000	13,126,000	12,252,000	12,697,000	0
Operating Expenses	21,699,000	23,761,000	16,780,000	476,000	0
Operating Income	11,237,000	6,982,000	8,388,000	11,368,000	0
Interest Expense	19,872,000	18,807,000	0	2,379,000	3,177,000
Income Before Tax	11,237,000	6,982,000	8,388,000	9,327,000	9,911,000
Income Tax Expense	2,905,000	1,541,000	1,940,000	2,193,000	2,338,000
Net Income	8,333,000	5,441,000	6,448,000	7,134,000	7,573,000
Per Share
EPS	1.33	0.85	1.00	1.07	1.12
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Affinity Bancshares Inc (AFBI).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	6,924,000	41,425,000	50,025,000	26,324,000
Short Term Investments	38,759,000	0	48,561,000	72,727,000
Net Receivables	0	0	0	0
Inventory	0	0	0	0
Total Current Assets	45,683,000	41,425,000	50,025,000	99,051,000
Property Plant Equipment	2,836,000	3,261,000	3,797,000	4,257,000
Goodwill and Intangibles	17,984,000	18,175,000	18,366,000	35,790,000
Total Assets	881,697,000	866,817,000	843,258,000	791,283,000
Liabilities
Account Payables	0	0	0	6,983,000
Short Term Debt	0	627,000	0	0
Total Current Liabilities	372,847,000	673,481,000	0	6,983,000
Long Term Debt	54,000,000	58,815,000	40,000,000	10,025,000
Total Liabilities	754,678,000	737,702,000	721,742,000	674,180,000
Shareholders Equity
Retained Earnings	76,111,000	76,786,000	71,345,000	65,357,000
Total Shareholders Equity	127,019,000	129,115,000	121,516,000	117,103,000

Balance sheet annual history for Affinity Bancshares Inc (AFBI).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	6,924,000	41,425,000	50,025,000	26,324,000	111,776,000
Short Term Investments	38,759,000	0	48,561,000	72,727,000	48,557,000
Net Receivables	0	0	0	0	575,825,000
Inventory	0	0	0	0	0
Total Current Assets	45,683,000	41,425,000	50,025,000	99,051,000	736,158,000
Property Plant Equipment	2,836,000	3,261,000	3,797,000	4,257,000	0
Goodwill and Intangibles	17,984,000	18,175,000	18,366,000	35,790,000	18,749,000
Total Assets	881,697,000	866,817,000	843,258,000	791,283,000	788,088,000
Liabilities
Account Payables	0	0	0	6,983,000	0
Short Term Debt	0	627,000	0	0	0
Total Current Liabilities	372,847,000	673,481,000	0	6,983,000	0
Long Term Debt	54,000,000	58,815,000	40,000,000	10,025,000	0
Total Liabilities	754,678,000	737,702,000	721,742,000	674,180,000	667,120,000
Shareholders Equity
Retained Earnings	76,111,000	76,786,000	71,345,000	65,357,000	58,223,000
Total Shareholders Equity	127,019,000	129,115,000	121,516,000	117,103,000	120,968,000

Cash flow quarterly history for Affinity Bancshares Inc (AFBI).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	8,332,000	5,441,000	6,448,000	7,134,000
Depreciation & Amortization	720,000	738,000	980,000	338,000
Stock Based Compensation	894,000	1,134,000	1,090,000	694,000
Change in Working Capital	331,000	-1,375,000	-742,000	-1,652,000
Operating Cash Flow	11,640,000	6,791,000	7,871,000	7,569,000
Investing Activities
Capital Expenditure	-422,000	-422,000	-527,000	-1,394,000
Investments	0	-422,000	-527,000	-1,394,000
Investing Cash Flow	-1,240,000	-33,245,000	-28,135,000	-93,722,000
Financing Activities
Debt Repayment	-4,815,000	18,815,000	-29,975,000	-143,000,000
Common Stock Issued/Repurchased	-5,883,000	0	-3,283,000	-5,709,000
Dividends Paid	-8,801,000	0	0	0
Financing Cash Flow	2,025,000	17,853,000	43,965,000	701,000
Summary
Free Cash Flow	11,218,000	6,369,000	7,344,000	6,175,000
Net Change in Cash	12,425,000	-8,601,000	23,701,000	-85,452,000

Cash flow annual history for Affinity Bancshares Inc (AFBI).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	8,332,000	5,441,000	6,448,000	7,134,000	7,573,000
Depreciation & Amortization	720,000	738,000	980,000	338,000	0
Stock Based Compensation	894,000	1,134,000	1,090,000	694,000	0
Change in Working Capital	331,000	-1,375,000	-742,000	-1,652,000	1,394,000
Operating Cash Flow	11,640,000	6,791,000	7,871,000	7,569,000	-454,000
Investing Activities
Capital Expenditure	-422,000	-422,000	-527,000	-1,394,000	0
Investments	0	-422,000	-527,000	-1,394,000	0
Investing Cash Flow	-1,240,000	-33,245,000	-28,135,000	-93,722,000	-16,136,000
Financing Activities
Debt Repayment	-4,815,000	18,815,000	-29,975,000	-143,000,000	0
Common Stock Issued/Repurchased	-5,883,000	0	-3,283,000	-5,709,000	0
Dividends Paid	-8,801,000	0	0	0	0
Financing Cash Flow	2,025,000	17,853,000	43,965,000	701,000	27,448,000
Summary
Free Cash Flow	11,218,000	6,369,000	7,344,000	6,175,000	-454,000
Net Change in Cash	12,425,000	-8,601,000	23,701,000	-85,452,000	-167,031,000