Affinity Bancshares (AFBI) investor relations material

Executive summary

• Net income for Q3 2025 was $2.2 million, up from $1.7 million in Q3 2024, driven by higher net interest income and lower noninterest expenses; nine-month net income rose to $6.2 million from $4.1 million year-over-year.

• Operating income for Q3 2025 was $2.4 million, up from $1.9 million in Q3 2024.

• Total assets increased 6.7% to $925.2 million at September 30, 2025, driven by higher loans and cash balances.

• Stockholders' equity decreased by $3.7 million to $125.4 million, mainly due to a special dividend and stock repurchases, partially offset by net income.

Financial highlights

• Net interest income for Q3 2025 was $7.8 million, up 4.8% year-over-year; nine-month net interest income was $22.9 million, up 5.3%.

• Net interest margin for Q3 was 3.49%, slightly down from 3.52% in Q3 2024.

• Noninterest expenses declined 4.8% in Q3 and 9.7% for the nine months, mainly due to lower professional fees.

• Diluted EPS for Q3 2025 was $0.34, up from $0.26 in Q3 2024; adjusted diluted EPS was $0.37, up from $0.29.

• Provision for credit losses was $12,000 for Q3 and $79,000 for the nine months, both lower than prior year periods.

Outlook and guidance

• Management expects sufficient liquidity and funding to meet current commitments and anticipates retention of a significant portion of maturing time deposits.

• Interest rate risk modeling shows a 2.34% decrease in net interest income for a 200 basis point rate increase, and a 2.55% decrease for a 200 basis point decrease.

• Forward-looking statements highlight risks from economic conditions, interest rates, inflation, asset quality, funding, real estate values, regulations, technology, and geopolitical events.