<span item_type="fundamental" item_id="a69eb6e6da59ac89525e9de2d81d08fe" counter_id="ST/US/AFBI" env="prod"></span><span item_type="announcement" item_id="641233565832453121" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 12.9 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.36.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -4.563 M.</p><p></p><h4>Net Income</h4><p>Affinity Bancshares, Inc. reported net income of $2.3 million for the three months ended March 31, 2026, an increase from $1.8 million for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> The net income, in thousands, was $2,284 for March 31, 2026, compared to $1,831 for March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Net income (GAAP) was $2,284 thousand in Q1 2026, compared to $2,132 thousand in Q4 2025, $2,217 thousand in Q3 2025, $2,152 thousand in Q2 2025, and $1,831 thousand in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_2.htm"></span> Earnings increased by 24.7% from Q1 2025 to Q1 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_2.htm"></span></p><h4>Operating Income</h4><p>Operating income for the three months ended March 31, 2026, was $2.3 million, up from $2.0 million for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> In thousands, operating income was $2,284 for March 31, 2026, versus $1,996 for March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Operating net income was $2,284 thousand in Q1 2026, compared to $2,510 thousand in Q4 2025, $2,389 thousand in Q3 2025, $2,316 thousand in Q2 2025, and $1,996 thousand in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_2.htm"></span></p><h4>Net Interest Income</h4><p>Net interest income reached $7.6 million for the three months ended March 31, 2026, an increase from $7.3 million for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> This increase was driven by higher interest income on loans and interest-earning deposits, partially offset by increased deposit costs and a decrease in interest income from investment securities.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Net interest income was $7,565 thousand for March 31, 2026, compared to $7,337 thousand for March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Noninterest Income</h4><p>Noninterest income increased by $71,000 to $552,000 for the three months ended March 31, 2026, primarily due to higher service charges on deposit accounts and loan-related fees from indirect auto.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Total noninterest income was $552 thousand for March 31, 2026, compared to $481 thousand for March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Noninterest Expenses</h4><p>Noninterest expense decreased by $143,000 to $5.2 million for the three months ended March 31, 2026, compared to the 2025 period, mainly due to a reduction in salaries and employee benefits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Total noninterest expenses were $5,215 thousand for March 31, 2026, versus $5,359 thousand for March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Total Assets</h4><p>Total assets increased by $43.0 million to $924.7 million at March 31, 2026, from $881.7 million at December 31, 2025, driven by loan growth and an increase in interest-earning deposits funded by deposit growth.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Total assets were $924.7 million as of Q1 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_2.htm"></span></p><h4>Total Gross Loans</h4><p>Total gross loans increased by $9.1 million to $751.8 million at March 31, 2026, from $742.7 million at December 31, 2025, due to steady demand in commercial and industrial, and construction loans.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Loans were $751.8 million as of Q1 2026, representing 1.22% growth in loans.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_2.htm"></span></p><h4>Non-owner Occupied Office Loans</h4><p>Non-owner occupied office loans totaled $39.6 million at March 31, 2026, with an average Loan-to-Value (LTV) of 44.0%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> This includes $15.2 million in medical/dental tenants and $24.6 million in other various tenants.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Investment Securities Available-for-Sale Unrealized Losses</h4><p>Investment securities available-for-sale had unrealized losses of -$3.8 million, net of tax.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Cash and Cash Equivalents</h4><p>Cash and cash equivalents increased by $35.5 million to $89.4 million at March 31, 2026, from $53.9 million at December 31, 2025, due to an increase in deposits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Deposits</h4><p>Deposits increased by $39.3 million to $734.3 million at March 31, 2026, compared to $695.0 million at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> This included a $41.1 million net increase in demand deposits, offset by a -$1.9 million decrease in certificates of deposit.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Deposits were $734.3 million as of Q1 2026, representing 5.67% growth in deposits.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_2.htm"></span></p><h4>Equity</h4><p>Equity increased by $2.4 million to $129.5 million at March 31, 2026, from $127.0 million at December 31, 2025, primarily from earnings of $2.3 million, partially offset by an unrealized loss on available-for-sale securities of -$148,000, net of tax.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Equity was $129.5 million as of Q1 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_2.htm"></span></p><h4>Non-performing Loans</h4><p>Non-performing loans decreased to $3.5 million at March 31, 2026, from $3.6 million at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Allowance for Credit Losses</h4><p>The allowance for credit losses as a percentage of non-performing loans was 251.8% at March 31, 2026, a slight decrease from 251.9% at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> The allowance for credit losses to total loans increased to 1.18% at March 31, 2026, from 1.21% at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Net Loan Recoveries/Charge-offs</h4><p>Net loan recoveries were $105,000 for the three months ended March 31, 2026, compared to net loan charge-offs of -$89,000 for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Return on Average Assets</h4><p>Return on average assets was 1.00% for March 31, 2026, compared to 0.83% for March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> The Return on Assets (ROA) was 1.00%.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_2.htm"></span></p><h4>Return on Average Equity</h4><p>Return on average equity was 7.19% for March 31, 2026, compared to 5.68% for March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> The Return on Equity (ROE) was 7.19%.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_2.htm"></span></p><h4>Equity to Assets</h4><p>Equity to assets was 14.00% for March 31, 2026, compared to 13.40% for March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Tangible Equity to Tangible Assets</h4><p>Tangible equity to tangible assets was 12.29% for March 31, 2026, compared to 11.65% for March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Tangible equity to tangible assets was 12.29% at March 31, 2026, compared to 12.62% at December 31, 2025, 11.83% at September 30, 2025, 11.58% at June 30, 2025, and 11.65% at March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_2.htm"></span></p><h4>Net Interest Margin</h4><p>Net interest margin for the three months ended March 31, 2026, decreased two basis points to 3.50% from 3.52% for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Efficiency Ratio</h4><p>The efficiency ratio was 64.25% for March 31, 2026, an improvement from 68.55% for March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Provision for Credit Losses</h4><p>The provision for credit losses was -$100 thousand for the three months ended March 31, 2026, compared to $50 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Income Before Income Taxes</h4><p>Income before income taxes was $3,002 thousand for the three months ended March 31, 2026, compared to $2,409 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Income Tax Expense</h4><p>Income tax expense was $718 thousand for the three months ended March 31, 2026, compared to $578 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Interest Income</h4><p>Total interest income was $12,349 thousand for the three months ended March 31, 2026, compared to $12,105 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Interest Expense</h4><p>Total interest expense was $4,784 thousand for the three months ended March 31, 2026, compared to $4,768 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Net Interest Rate Spread</h4><p>Net interest rate spread was 2.70% for the three months ended March 31, 2026, compared to 2.65% for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p><h4>Book Value Per Share</h4><p>Common book value per share was $21.24 at March 31, 2026, up from $19.25 at March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Tangible book value per share was $18.30 at March 31, 2026, compared to $16.40 at March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span> Tangible book value per common share was $18.30 at March 31, 2026, compared to $17.89 at December 31, 2025, $17.34 at September 30, 2025, $16.80 at June 30, 2025, and $16.40 at March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_2.htm"></span></p><h4>Outlook / Guidance</h4><p>The report does not provide specific forward-looking financial guidance or outlook, but rather outlines potential risks and uncertainties that could affect the Company’s operations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1823406/000119312526177392/afbi-ex99_1.htm"></span></p>

Affinity Bancshares | 8-K: FY2026 Q1 Revenue: USD 12.9 M