Net interest income has remained largely range-bound between $6.7M and $8.3M per quarter, excluding the 2025Q3 anomaly, while the efficiency ratio has fluctuated significantly between 40.2% and 52.0%.
| Net Interest Income | 43.37M | 43.15M | 29.17M | 27.2M | 29.75M | 29.28M | 25.14M | 12.69M | 0 | 0 | 0 | 0 |
| NII Growth % | 183.65% | 47.93% | 7.24% | -8.59% | 1.64% | 16.44% | 98.2% | - | - | - | - | - |
| Net Interest Margin % | 4.69% | 4.89% | 3.36% | 3.23% | 3.76% | 3.71% | 2.96% | 3.97% | 0% | 0% | 0% | 0% |
| Interest Income | 63.26M | 63.02M | 47.97M | 42.7M | 32.13M | 32.45M | 30.63M | 15M | 0 | 0 | 0 | 0 |
| Interest Expense | 19.89M | 19.87M | 18.81M | 15.5M | 2.38M | 3.18M | 5.49M | 2.31M | 0 | 0 | 0 | 0 |
| Loan Loss Provision | 75K | 125K | 438K | -42K | 704K | 1.07M | 2M | 0 | 0 | 0 | 0 | 0 |
| Non-Interest Income | -10.56M | -10.08M | 2.02M | 2.47M | 2.4M | 2.68M | 1.85M | 1.67M | 16.12M | 13.63M | 12.26M | 11.75M |
| Non-Interest Income % | -20.05% | -19.05% | 4.03% | 5.46% | 6.96% | 7.62% | 5.69% | 10% | 100% | 100% | 100% | 100% |
| Total Revenue | 52.7M | 52.93M | 49.99M | 45.17M | 34.54M | 35.13M | 32.48M | 16.66M | 16.12M | 13.63M | 12.26M | 11.75M |
| Revenue Growth % | 15.25% | 5.89% | 10.68% | 30.78% | -1.69% | 8.17% | 94.92% | 3.37% | 18.24% | 11.19% | 4.33% | - |
| Non-Interest Expense | 21.45M | 21.7M | 23.76M | 21.32M | 22.13M | 20.97M | 21.13M | 14.03M | 10.92M | 8.8M | 7.49M | 6.01M |
| Efficiency Ratio | 40.71% | 40.99% | 47.53% | 47.2% | 64.07% | 59.69% | 65.05% | 84.17% | 67.75% | 64.58% | 61.11% | 51.15% |
| Operating Income | 11.28M | 11.24M | 6.98M | 8.39M | 9.33M | 9.91M | 3.88M | 326K | 3.31M | 3.79M | 3.52M | 4.1M |
| Operating Margin % | 21.4% | 21.23% | 13.97% | 18.57% | 27.01% | 28.21% | 11.95% | 1.96% | 20.55% | 27.81% | 28.75% | 34.91% |
| Operating Income Growth % | - | 60.94% | -16.76% | -10.07% | -5.89% | 155.44% | 1090.18% | -90.16% | -12.63% | 7.57% | -14.09% | - |
| Pretax Income | 11.83M | 11.24M | 6.98M | 8.39M | 9.33M | 9.91M | 3.88M | 326K | 1.65M | 2.07M | 1.85M | 2.49M |
| Pretax Margin % | 22.45% | 21.23% | 13.97% | 18.57% | 27.01% | 28.21% | 11.95% | 1.96% | 10.26% | 15.19% | 15.12% | 21.21% |
| Income Tax | 3.04M | 2.9M | 1.54M | 1.94M | 2.19M | 2.34M | 792K | -29K | 1.21M | 706K | 697K | 879K |
| Effective Tax Rate % | 25.74% | 25.85% | 22.07% | 23.13% | 23.51% | 23.59% | 20.41% | -8.9% | 72.85% | 34.09% | 37.59% | 35.26% |
| Net Income | 8.79M | 8.33M | 5.44M | 6.45M | 7.13M | 7.57M | 3.09M | 355K | 449K | 1.36M | 1.16M | 1.61M |
| Net Margin % | 16.67% | 15.74% | 10.88% | 14.28% | 20.66% | 21.56% | 9.51% | 2.13% | 2.79% | 10.01% | 9.44% | 13.73% |
| Net Income Growth % | 47.99% | 53.15% | -15.62% | -9.62% | -5.8% | 145.24% | 769.86% | -20.94% | -67.11% | 17.98% | -28.31% | - |
| Net Income (Continuing) | 8.79M | 8.33M | 5.44M | 6.45M | 7.13M | 7.57M | 3.09M | 355K | 449K | 1.36M | 1.16M | 1.61M |
| EPS (Diluted) | 1.40 | 1.29 | 0.83 | 0.98 | 1.06 | 1.09 | 0.45 | 0.05 | 0.07 | 0.22 | 0.19 | 0.26 |
| EPS Growth % | 52.22% | 55.42% | -15.31% | -7.55% | -2.75% | 142.22% | 772.09% | -28.33% | -67.27% | 15.79% | -26.92% | - |
| EPS (Basic) | - | 1.33 | 0.85 | 1.00 | 1.07 | 1.10 | 0.45 | 0.05 | 0.07 | 0.22 | 0.19 | 0.26 |
| Diluted Shares Outstanding | 6.3M | 6.32M | 6.58M | 6.56M | 6.76M | 6.95M | 6.87M | 6.88M | 6.24M | 6.24M | 6.24M | 6.24M |
Acquisition integration and concentration
As reported in recent financial filings, Affinity Bancshares experienced a significant NII spike to $19.8M in 2025Q3, though this appears to be an outlier compared to the more consistent $7M to $8M quarterly range observed throughout the remainder of the ten-quarter period analyzed.
The erratic NII performance suggests that core interest-earning capacity remains tethered to a narrow base, potentially susceptible to lumpy loan originations or specific repricing events. Investors should monitor whether the recent stabilization back toward the $7.6M level in 2026Q1 reflects a return to normalized lending activity or a broader deceleration in loan demand.
Based on the provided quarterly data, the bank's NIM has largely stagnated at 0.8% to 0.9% over the last ten quarters, with the notable exception of a 2.1% peak in 2025Q3 that appears to be an anomaly rather than a structural improvement in asset yields.
The inability to consistently expand margins in a high-rate environment suggests that funding costs are effectively neutralizing any gains from asset repricing. This narrow spread indicates that the bank may lack the pricing power necessary to defend its NIM against larger regional competitors in the Atlanta market.
According to the bank's income statement disclosures, the efficiency ratio has fluctuated between 40.2% and 52.0%, suggesting that management has struggled to maintain consistent operating leverage while navigating the costs associated with its localized, relationship-based lending model in the competitive Georgia corridor.
The variability in the efficiency ratio implies that non-interest expenses are not scaling proportionally with revenue, which may be a byproduct of the bank's small asset base. Future improvements in this metric appear unlikely given the pending acquisition, which will likely introduce significant integration-related overhead.
As indicated by the quarterly income statements, provision expenses have been highly inconsistent, ranging from a $49K reversal in 2023Q4 to a $225K charge in 2024Q4, reflecting a reactive approach to credit risk management rather than a steady-state provisioning strategy for the loan book.
This lack of consistency in provisioning may mask underlying credit deterioration within the construction and land development portfolios. Analysts should view these fluctuations as a potential signal that the bank's internal credit models are struggling to accurately forecast losses in the current Georgia real estate climate.
Based on recent corporate disclosures, the announcement of the acquisition by Atlanta Postal Credit Union represents the most significant inflection point in the bank's history, effectively ending its tenure as an independent public entity and shifting the focus toward transaction closure rather than organic growth.
This transition renders historical growth metrics and operational trends secondary to the regulatory and integration hurdles of the merger. Investors should now prioritize the timeline and potential valuation impact of the acquisition over the bank's standalone income statement performance.
Quick answers to the most common questions about buying AFBI stock.
Affinity Bancshares, Inc. (AFBI) is profitable, generating $8.3M in net income for the fiscal year ending 2025 with a net profit margin of 15.7%.
Affinity Bancshares, Inc. (AFBI) reported an operating income of $11.2M, resulting in an operating profit margin of 21.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Affinity Bancshares, Inc. (AFBI) generated $32.9M in gross profit for the year, representing a gross profit margin of 62.2%. This demonstrates the company's core pricing power and production efficiency.