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Affinity Bancshares, Inc. AFBI Purchases of fixed maturity securities

Purchases of fixed maturity securities at other companies

Financial Institutions logo
Financial InstitutionsFISI
$747K-39.5%
Prosperity Bancshares logo
Prosperity BancsharesPB
$1.48B+1,938%
Eastern Bankshares, Inc. logo
Eastern Bankshares, Inc.EBC
$94.25M+424%
Dime Community Bancshares
 logo
Dime Community Bancshares DCOM
$36.34M

Other financials

Income statement

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Revenue$8.1M+3.8%
Net income$2.3M+24.7%
EPS (diluted)$0.36+28.6%

Balance sheet

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Cash & equivalents$89.4M+19.6%
Total debt$911.0K-42.5%
Total equity$129.5M+5.9%
Total assets$924.7M+1.3%

Cash flow

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Operating cash flow$4.4M+130%
CapEx$45.0K-69.0%
Free cash flow$4.4M+146%

Valuation

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Market cap$137.62M+17.9%
P/E15.7×-0.9×
P/S4.1×+0.4×

Profitability

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Net margin26.3%+7.6pp
FCF margin41.4%+19.1pp

Returns & leverage

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Return on equity7%+2.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Affinity Bancshares, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireHeldToMaturitySecurities.

The official record: Affinity Bancshares, Inc.’s 10-Q, filed May 9, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Affinity Bancshares, Inc.'s purchases of fixed maturity securities?
Affinity Bancshares, Inc. (AFBI) reported purchases of fixed maturity securities of $7.61M in Q1 2023.
How has Affinity Bancshares, Inc.'s purchases of fixed maturity securities changed year-over-year?
Affinity Bancshares, Inc.'s purchases of fixed maturity securities increased by 14.7% year-over-year, from $6.63M to $7.61M.
What does purchases of fixed maturity securities mean?
Cash spent purchasing fixed-income securities (bonds, notes, debentures) for the investment portfolio.