Business
Affinity Bancshares, Inc. Announces Fourth Quarter and Full Year 2022 Financial Results
COVINGTON, Ga.--(BUSINESS WIRE)-- Affinity Bancshares, Inc. (NASDAQ:“AFBI”) (the “Company”), the holding company for Affinity Bank (the “Bank”), today
About this update from Affinity Bancshares, Inc.
[{"type":"text","content":" COVINGTON, Ga.--(BUSINESS WIRE)--\nAffinity Bancshares, Inc. (NASDAQ:“AFBI”) (the “Company”), the holding company for Affinity Bank (the “Bank”), today announced net income of $1.7 million for the three months ended December 31, 2022, as compared to $1.3 million for the three months ended December 31, 2021. For the year ended December 31, 2022, net income was $7.1 million, as compared to $7.6 million for the year ended December 31, 2021.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230210005278/en/\n\n\n \n\n\n\n \n\n\n\nAt or for the three months ended,\n\n\n\n\n\nPerformance Ratios:\n\n\n\n \n\n\n\nDecember 31,\n2022\n\n\n\n \n\n\n\nSeptember 30,\n2022\n\n\n\n \n\n\n\nJune 30,\n2022\n\n\n\n \n\n\n\nMarch 31,\n2022\n\n\n\n \n\n\n\nDecember 31,\n2021\n\n\n\n\n\nNet income (in thousands)\n\n\n\n \n\n\n\n$\n\n\n\n1,699\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,861\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,783\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,791\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,318\n\n\n\n \n\n\n\n\n\nDiluted earnings per share\n\n\n\n \n\n\n\n \n\n\n\n0.26\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n0.27\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n0.27\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n0.26\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n0.20\n\n\n\n \n\n\n\n\n\nCommon book value per share\n\n\n\n \n\n\n\n \n\n\n\n17.73\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n17.37\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n17.51\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n17.58\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n17.60\n\n\n\n \n\n\n\n\n\nTangible book value per share (1)\n\n\n\n \n\n\n\n \n\n\n\n14.92\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n14.57\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n14.68\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n14.75\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n14.87\n\n\n\n \n\n\n\n\n\nTotal assets (in thousands)\n\n\n\n \n\n\n\n \n\n\n\n791,283\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n776,390\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n766,679\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n760,208\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n788,088\n\n\n\n \n\n\n\n\n\nReturn on average assets\n\n\n\n \n\n\n\n \n\n\n\n0.84\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n0.95\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n0.95\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n0.97\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n0.66\n\n\n\n%\n\n\n\n\n\nReturn on average equity\n\n\n\n \n\n\n\n \n\n\n\n5.78\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n6.30\n\n\...