Affinity Bancshares(US:AFBI) Businesswire·2026-01-23 21:30Core Insights - Affinity Bancshares, Inc. reported a net income of $2.1 million for Q4 2025, an increase from $1.3 million in Q4 2024, driven by higher net interest income and reduced noninterest expenses [1][5]. Financial Performance - For the year ended December 31, 2025, net income was $8.3 million compared to $5.4 million in 2024, attributed to increased net interest income and decreased noninterest expenses [5]. - Operating income for the year was $9.2 million, up from $6.8 million in 2024 [5]. - Net interest income for the year was $31.1 million, an increase from $29.2 million in 2024, due to higher interest income on loans and deposits [5]. - The net interest margin for the year improved to 3.59% from 3.54% in 2024 [5]. Quarterly Performance - In Q4 2025, net interest income was $8.3 million, up from $7.4 million in Q4 2024 [5]. - The net interest margin for Q4 2025 increased to 3.77% from 3.56% in Q4 2024 [5]. - Noninterest income for Q4 2025 rose to $315,000 from $161,000 in Q4 2024 [5]. Asset Quality and Financial Condition - Total assets increased by $14.9 million to $881.7 million at December 31, 2025, from $866.8 million at December 31, 2024, driven by loan growth and increased interest-earning deposits [12]. - Total gross loans rose by $28.6 million to $742.7 million at December 31, 2025, reflecting strong demand in construction, consumer, and commercial loans [12]. - Non-performing loans decreased to $3.6 million at December 31, 2025, from $4.8 million at December 31, 2024 [12]. - The allowance for credit losses as a percentage of non-performing loans was 251.9% at December 31, 2025, compared to 177.9% at December 31, 2024 [12]. Equity and Dividends - Total equity decreased by $2.1 million to $127.0 million at December 31, 2025, primarily due to dividend payments and stock repurchases [12]. - The company declared and paid a dividend of $1.50 per share in the first quarter of 2025 [12].