Affinity Bancshares Inc (AFBI) Earnings Report, Financial Results, Financial analysis

Affinity Bancshares Inc reported in the first quarter of 2023 net earnings per share of $0.26 a decrease by 0 % year on year from $0.26 and decline of 1.19 % from $0.26 earned in IV. Quarter (Dec 31 2022).

*first quarter of 2023*
Earnings Per Share	Revenues
$ 0.26	$ 7 Mill
Unch.	$-1M -8.07 %

Affinity Bancshares Inc 's Revenue fell by -8.07 % in first quarter of 2023 (Mar 31 2023) year on year, to $7 million and declined by -5.22 % sequentially.

Affinity Bancshares Inc is Expected to report next financial results on August 10, 2023.

More on AFBI's Income Statement

AFBI's NET INCOME

Affinity Bancshares Inc 's net income of $1.722 million in the first quarter of 2023 decreased by -3.85 % from net earnings of $1.791 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 1.35 % from net income of $1.699 million realized in previous quarter.

More on AFBI's Growth

Affinity Bancshares Inc Inventories
AFBI's Cash flow In thefirst quarter of 2023 company's net cash flow was $111 million, capital expenditures grew by -61.05%, to $0 millions compare to same quarter a year ago and rose by -68.10% from IV. Quarter (Dec 31 2022).

More on AFBI's Cash flow Statement

Earnings quality

Affinity Bancshares Inc does not pay out common stock dividend.

In trailing twelve-month period Affinity Bancshares Inc earned $ 0.85 cash per share, on a free-cash flow basis 79.91 % of net earning per share.

Book value grew by 1.76 % sequentially to $17.71 per share, 77.1% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 14.94 per share from $ 14.64.

Company repurchased 0.05 million shares or 0.72 % in Mar 31 2023.
Interest Coverage Ratio was 2.63.

• More on AFBI's Dividends

Market Capitalization (Millions)	80
Shares Outstanding (Millions)	7
Total Debt (Millions $)	-
Revenue (TTM) (Millions $)	31
Net Income (TTM) (Millions $)	7
Cash Flow (TTM) (Millions $)	67
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Earnings quality

Affinity Bancshares Inc does not pay out common stock dividend.

In trailing twelve-month period Affinity Bancshares Inc had $ 0.85 cash flow per share, on a free-cash flow basis 79.91 % of net earning per share.

Book value grew by 1.76 % sequentially to $17.71 per share, 77.1% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 14.94 per share from $ 14.64.

Company repurchased 0.05 million shares or 0.72 % in Mar 31 2023.
Interest Coverage Ratio was 2.63.

• More on AFBI's Balance Sheets

Market Capitalization (Millions)	80
Shares Outstanding (Millions)	7
Total Debt (Millions $)	-
Revenue (TTM) (Millions $)	31
Net Income (TTM) (Millions $)	7
Cash Flow (TTM) (Millions $)	67
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Affinity Bancshares Inc

AFBI's Financial Statements and Analysis