Quarterly ResultMay 8, 2026, 04:37 PM
Affinity Bancshares Q1 Net Income $2.28M, EPS $0.37
AI Summary
Affinity Bancshares, Inc. reported a significant increase in net income and earnings per share for the first quarter of 2026 compared to the same period in 2025. The company saw growth in net interest income and noninterest income, coupled with a decrease in noninterest expenses and a release in the provision for credit losses. Total assets and deposits also increased, though no dividends were paid to shareholders during the quarter, unlike the prior year.
Key Highlights
- Net income rose 24.7% to $2.28 million in Q1 2026.
- Basic EPS increased 27.6% to $0.37 in Q1 2026.
- Net interest income grew 3.1% to $7.57 million.
- Provision for credit losses was a $100K release.
- Total noninterest expenses decreased 2.7% to $5.22 million.
- Total assets increased 4.9% to $924.68 million.
- Total deposits grew 5.7% to $734.34 million.
- No dividends paid in Q1 2026 vs. $8.80M in Q1 2025.
Price Impact
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