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 |
Affinity Bancshares, Inc Announces Third Quarter 2021 Financial Results
Affinity Bancshares, Inc. Announces Completion of Stock Offering and Related Conversion
Source: https://incomestatements.info
Category: Stock Reports