See more : Stemmer Imaging AG (S9I.DE) Income Statement Analysis – Financial Results
Complete financial analysis of Affinity Bancshares, Inc. (AFBI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Affinity Bancshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Affinity Bancshares, Inc. (AFBI)
About Affinity Bancshares, Inc.
Affinity Bancshares, Inc. operates as the holding company for Affinity Bank that provides various banking products and services. The company accepts various deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts. It also offers commercial and industrial, commercial real estate, one- to four-family residential real estate, construction and land, and consumer loans. In addition, the company invests in U.S. treasury securities; securities issued by the U.S. government and its agencies, or government sponsored enterprises, including mortgage-backed securities and collateralized mortgage obligations; corporate and municipal bonds; certificates of deposit in other financial institutions; and federal and money market funds. It operates a main and a branch office in Covington, Georgia; a branch office in Atlanta, Georgia; and a commercial loan production office in Alpharetta, Georgia; out of an office in Monroe, Georgia. The company was founded in 1928 and is headquartered in Covington, Georgia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 29.71M | 32.16M | 32.08M | 27.01M | 14.35M | 16.12M | 13.63M | 12.26M | 11.75M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 29.71M | 32.16M | 32.08M | 27.01M | 14.35M | 16.12M | 13.63M | 12.26M | 11.75M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.03M | 12.22M | 11.48M | 12.16M | 8.02M | 2.45M | 1.77M | 1.45M | 1.38M |
| Selling & Marketing | 14.76M | 476.00K | 339.00K | 200.00K | 147.00K | 169.00K | 218.00K | 207.00K | 123.00K |
| SG&A | 16.78M | 12.70M | 11.82M | 12.36M | 8.17M | 10.92M | 8.80M | 7.49M | 6.01M |
| Other Expenses | 0.00 | -7.38M | -33.99M | -35.49M | -22.20M | -3.91M | -3.45M | -2.94M | 76.00K |
| Operating Expenses | 16.78M | 476.00K | -22.17M | -23.13M | -14.03M | 3.91M | 3.45M | 2.94M | 2.60M |
| Cost & Expenses | 16.78M | 476.00K | -22.17M | -23.13M | -14.03M | 14.47M | 11.56M | 10.41M | 9.26M |
| Interest Income | 42.70M | 32.13M | 32.45M | 30.63M | 15.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 15.50M | 2.38M | 3.18M | 5.49M | 2.31M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 0.00 | 905.00K | 950.00K | 957.00K | 756.00K | 702.00K | 444.00K | 347.00K | 308.00K |
| EBITDA | 0.00 | 9.67M | 10.59M | 4.58M | 1.08M | 2.36M | 2.52M | 2.20M | 2.80M |
| EBITDA Ratio | 0.00% | 36.40% | 32.99% | 16.95% | 8.44% | -0.89% | -6.73% | -2.67% | -3.75% |
| Operating Income | 8.39M | 11.37M | 9.91M | 3.88M | 326.00K | 1.90M | 2.21M | 2.18M | 2.93M |
| Operating Income Ratio | 28.24% | 35.35% | 30.89% | 14.37% | 2.27% | 11.80% | 16.19% | 17.79% | 24.97% |
| Total Other Income/Expenses | 0.00 | -9.67M | 0.00 | 0.00 | -1.56M | 0.00 | -1.72M | -1.67M | -1.61M |
| Income Before Tax | 8.39M | 9.33M | 9.91M | 3.88M | 326.00K | 1.65M | 2.07M | 1.85M | 2.49M |
| Income Before Tax Ratio | 28.24% | 29.00% | 30.89% | 14.37% | 2.27% | 10.26% | 15.19% | 15.12% | 21.21% |
| Income Tax Expense | 1.94M | 2.19M | 2.34M | 792.00K | -29.00K | 1.21M | 706.00K | 697.00K | 879.00K |
| Net Income | 6.45M | 7.13M | 7.57M | 3.09M | 355.00K | 449.00K | 1.37M | 1.16M | 1.61M |
| Net Income Ratio | 21.71% | 22.18% | 23.61% | 11.43% | 2.47% | 2.79% | 10.01% | 9.44% | 13.73% |
| EPS | 1.00 | 1.07 | 1.10 | 0.45 | 0.06 | 0.07 | 0.22 | 0.19 | 0.26 |
| EPS Diluted | 0.98 | 1.06 | 1.10 | 0.45 | 0.06 | 0.07 | 0.22 | 0.19 | 0.26 |
| Weighted Avg Shares Out | 6.48M | 6.67M | 6.87M | 6.88M | 6.24M | 6.24M | 6.24M | 6.24M | 6.24M |
| Weighted Avg Shares Out (Dil) | 6.56M | 6.76M | 6.87M | 6.88M | 6.24M | 6.24M | 6.24M | 6.24M | 6.24M |
AFBI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Affinity Bank Is Fair to Shareholders
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Affinity Bancshares, Inc. - AFBI
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ENV, AFBI on Behalf of Shareholders
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Affinity Bancshares, Inc. – AFBI
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Affinity Bancshares, Inc. - AFBI
AFBI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Affinity Bank Is Fair to Shareholders
APCU/Center Parc Credit Union Announces Definitive Agreement to Acquire Affinity Bank
Affinity Bancshares, Inc. Announces First Quarter 2024 Financial Results
Affinity Bancshares, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results
Affinity Bancshares, Inc. Announces Third Quarter 2023 Financial Results
Source: https://incomestatements.info
Category: Stock Reports