Affinity Bancshares, Inc., the holding company for Affinity Bank, reported a net income of $2.2 million for the second quarter ending June 30, 2025, which marks a significant increase from the $1.0 million reported in the same quarter of 2024. The company's net interest income for the first half of 2025 reached $15.1 million, compared to $14.3 million for the same period in 2024, primarily due to increased interest income on loans and interest-earning deposits. Despite the rise in interest income, noninterest income decreased by $269,000 to $1.0 million for the first half of 2025, attributed to lower service charges on deposit accounts and the absence of a gain from the sale of other real estate recorded in the previous year. The company's efficiency ratio improved to 65.72% for the second quarter of 2025, from 78.74% in the second quarter of 2024. The diluted earnings per share for the three months ended June 30, 2025, was $0.33, up from $0.16 in the same period the previous year. Total assets as of June 30, 2025, were $933.8 million, reflecting growth from $873.6 million as of June 30, 2024. The company's tangible book value per share was reported at $16.80, a rise from $16.64 in the corresponding quarter last year. Affinity Bancshares, Inc. did not provide specific forward guidance in the released financial results.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Affinity Bancshares Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250725996789) on July 25, 2025, and is solely responsible for the information contained therein.
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