Affinity Bancshares | 10-Q: FY2025 Q3 Revenue: USD 13.51 M

Revenue: As of FY2025 Q3, the actual value is USD 13.51 M.

EPS: As of FY2025 Q3, the actual value is USD 0.34.

EBIT: As of FY2025 Q3, the actual value is USD -4.853 M.

Segment Revenue

• Loans: Interest income from loans was $11.2 million for the three months ended September 30, 2025, compared to $10.6 million for the same period in 2024. For the nine months ended September 30, 2025, interest income from loans was $33.1 million, compared to $30.6 million in 2024.

Operational Metrics

• Net Income: Net income was $2.2 million for the three months ended September 30, 2025, compared to $1.7 million for the same period in 2024. For the nine months ended September 30, 2025, net income was $6.2 million, compared to $4.1 million in 2024.
• Net Interest Income: Net interest income before provision for credit losses was $7.8 million for the three months ended September 30, 2025, compared to $7.4 million for the same period in 2024. For the nine months ended September 30, 2025, net interest income was $22.9 million, compared to $21.7 million in 2024.
• Provision for Credit Losses: The provision for credit losses was $12,000 for the three months ended September 30, 2025, and $79,000 for the nine months ended September 30, 2025.

Cash Flow

• Net Cash Provided by Operating Activities: $9.4 million for the nine months ended September 30, 2025, compared to $5.9 million for the same period in 2024.
• Net Cash Used in Investing Activities: - $14.2 million for the nine months ended September 30, 2025, compared to - $31.8 million for the same period in 2024.
• Net Cash Provided by Financing Activities: $48.2 million for the nine months ended September 30, 2025, compared to $28.1 million for the same period in 2024.

Unique Metrics

• Loan-to-Deposit Ratio: 98.7% at September 30, 2025, compared to 106.0% at December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company aims to manage interest rate risk by limiting reliance on non-core funding sources, growing transaction deposit accounts, diversifying the loan portfolio, and pricing residential real estate loan products to encourage balloon loans over longer-term fixed-rate loans.
• Non-Core Business: The company does not engage in hedging activities such as futures, options, or swap transactions.

Priority

• Interest Rate Sensitivity: The company estimates a 2.34% decrease in net interest income with a 200 basis point increase in interest rates, and a 2.55% decrease with a 200 basis point decrease.