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Affinity Bancshares, Inc. Announces Second Quarter 2024 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 $1.0 million for the three months ended June 30, 2024, as compared to $1.6 million for the three months ended June 30, 2023.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240726813331/en/\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nAt or for the three months ended,\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nPerformance Ratios:\n\n\n\n\n\n\n \n\n\n\n\n\n\nJune 30, 2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nMarch 31, 2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nDecember 31, 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nSeptember 30, 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nJune 30, 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet income (in thousands)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,031\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,335\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,514\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,623\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,590\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nDiluted earnings per share\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n0.16\n\n\n\n\n\n\n \n\n\n\n\n\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\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n0.23\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n0.25\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n0.24\n\n\n\n\n\n\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\n\n\n \n\n\n\n\n\n\n19.49\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n19.21\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n18.94\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n18.50\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n18.34\n\n\n\n\n\n\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\n\n\n \n\n\n\n\n\n\n16.64\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n16.36\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n...