AFBI Financial Statements

Balance sheet, income statement, cash flow, and dividends for Affinity Bancshares Inc (AFBI).


$112.22M Market Cap.

As of 03/21/2025 5:00 PM ET (MRY) • Disclaimer

AFBI Market Cap. (MRY)


AFBI Shares Outstanding (MRY)


AFBI Assets (MRY)


Total Assets

$866.82M

Total Liabilities

$737.70M

Total Investments

$775.60M

AFBI Income (MRY)


Revenue

$30.74M

Net Income

$5.44M

Operating Expense

$23.76M

AFBI Cash Flow (MRY)


CF Operations

$6.79M

CF Investing

-$33.24M

CF Financing

$17.85M

AFBI Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

0%

-

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

0%

-

2020

$0

-

-

0%

-

AFBI Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$866,817,000 (2.79%)

$843,258,000 (6.57%)

$791,283,000 (0.41%)

$788,088,000 (-7.35%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$18,175,000 (-1.04%)

$18,366,000 (-1.03%)

$18,558,000 (-1.02%)

$18,749,000 (-1.01%)

Shareholders Equity

$129,115,000 (6.25%)

$121,516,000 (3.77%)

$117,103,000 (-3.20%)

$120,968,000 (49.74%)

Property Plant & Equipment Net

$3,261,000 (-14.12%)

$3,797,000 (-10.81%)

$4,257,000 (12.53%)

$3,783,000 (-56.10%)

Cash & Equivalents

$41,425,000 (-17.19%)

$50,025,000 (90.04%)

$26,324,000 (-76.45%)

$111,776,000 (-37.29%)

Accumulated Other Comprehensive Income

-$5,712,000 (9.79%)

-$6,332,000 (4.85%)

-$6,655,000 (-1758.94%)

-$358,000 (-325.16%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$775,595,000 (4.93%)

$739,156,000 (4.00%)

$710,718,000 (13.38%)

$626,858,000 (1.46%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Payables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Accumulated Retained Earnings (Deficit)

$76,786,000 (7.63%)

$71,345,000 (9.16%)

$65,357,000 (12.25%)

$58,223,000 (14.95%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$58,815,000 (47.04%)

$40,000,000 (299.00%)

$10,025,000 (-79.54%)

$48,988,000 (-60.79%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$737,702,000 (2.21%)

$721,742,000 (7.05%)

$674,180,000 (1.06%)

$667,120,000 (-13.34%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

AFBI Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$30,743,000 (3.49%)

$29,706,000 (-5.55%)

$31,453,000 (1.86%)

$30,879,000 (22.06%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$17,664,000 (5.27%)

$16,780,000 (-2.25%)

$17,167,000 (7.89%)

$15,912,000 (-11.51%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$23,761,000 (11.46%)

$21,318,000 (-0.75%)

$21,479,000 (2.44%)

$20,968,000 (-2.10%)

Interest Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Income Tax Expense

$1,541,000 (-20.57%)

$1,940,000 (-11.54%)

$2,193,000 (-6.20%)

$2,338,000 (195.20%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$5,441,000 (-15.62%)

$6,448,000 (-9.62%)

$7,134,000 (-5.80%)

$7,573,000 (145.24%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$5,441,000 (-15.62%)

$6,448,000 (-9.62%)

$7,134,000 (-5.80%)

$7,573,000 (145.24%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$5,441,000 (-15.62%)

$6,448,000 (-9.62%)

$7,134,000 (-5.80%)

$7,573,000 (145.24%)

Weighted Average Shares

$6,414,182 (-0.97%)

$6,476,767 (-2.89%)

$6,669,389 (-3.50%)

$6,911,576 (0.52%)

Weighted Average Shares Diluted

$6,575,406 (0.28%)

$6,557,053 (-3.03%)

$6,761,771 (-2.98%)

$6,969,402

Earning Before Interest & Taxes (EBIT)

$6,982,000 (-16.76%)

$8,388,000 (-10.07%)

$9,327,000 (-5.89%)

$9,911,000 (155.44%)

Gross Profit

$30,743,000 (3.49%)

$29,706,000 (-5.55%)

$31,453,000 (1.86%)

$30,879,000 (22.06%)

Operating Income

$6,982,000 (-16.76%)

$8,388,000 (-15.90%)

$9,974,000 (0.64%)

$9,911,000 (155.44%)

AFBI Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$33,245,000 (-18.16%)

-$28,135,000 (69.98%)

-$93,722,000 (-873.94%)

-$9,623,000 (91.28%)

Net Cash Flow from Financing

$17,853,000 (-59.39%)

$43,965,000 (6171.75%)

$701,000 (101.02%)

-$68,705,000 (-128.73%)

Net Cash Flow from Operations

$6,791,000 (-13.72%)

$7,871,000 (3.99%)

$7,569,000 (-36.13%)

$11,851,000 (764.41%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$8,601,000 (-136.29%)

$23,701,000 (127.74%)

-$85,452,000 (-28.54%)

-$66,477,000 (-151.08%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

-$32,823,000 (-18.89%)

-$27,608,000 (70.10%)

-$92,328,000 (-915.37%)

-$9,093,000 (89.58%)

Capital Expenditure

-$422,000 (19.92%)

-$527,000 (62.20%)

-$1,394,000 (-67.95%)

-$830,000 (-105.45%)

Issuance (Repayment) of Debt Securities

$18,815,000 (-37.23%)

$29,975,000 (178.93%)

-$37,975,000 (49.91%)

-$75,813,000 (-187.44%)

Issuance (Purchase) of Equity Shares

$0 (0%)

-$3,283,000 (42.49%)

-$5,709,000 (-115.38%)

$37,108,000 (0%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$1,538,000 (11.05%)

$1,385,000 (37.54%)

$1,007,000 (48.31%)

$679,000 (78.68%)

Depreciation Amortization & Accretion

$738,000 (0.54%)

$734,000 (117.16%)

$338,000 (-49.85%)

$674,000 (-3.30%)

AFBI Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

17.70% (-18.43%)

21.70% (-4.41%)

22.70% (-7.35%)

24.50% (100.82%)

EBITDA Margin

25.10% (-18.24%)

30.70% (0.00%)

30.70% (-10.50%)

34.30% (89.50%)

Return on Average Equity (ROAE)

4.30% (-20.37%)

5.40% (-11.48%)

6.10% (-4.69%)

6.40% (64.10%)

Return on Average Assets (ROAA)

0.60% (-14.29%)

0.70% (-22.22%)

0.90% (-10.00%)

1.00% (100.00%)

Return on Sales (ROS)

22.70% (-19.50%)

28.20% (-5.05%)

29.70% (-7.48%)

32.10% (109.80%)

Return on Invested Capital (ROIC)

0.80% (-20.00%)

1.00% (-23.08%)

1.30% (-7.14%)

1.40% (100.00%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0%

Price to Earnings Ratio (P/E)

20.59 (28.92%)

15.97 (13.17%)

14.11 (0.80%)

14

Price to Sales Ratio (P/S)

3.65 (4.85%)

3.48 (8.74%)

3.2 (-7.11%)

3.45

Price to Book Ratio (P/B)

0.87 (3.45%)

0.84 (-1.75%)

0.85 (-2.29%)

0.88

Debt to Equity Ratio (D/E)

5.71 (-3.79%)

5.94 (3.16%)

5.76 (4.39%)

5.51 (-42.13%)

Earnings Per Share (EPS)

0.85 (-15.00%)

1 (-6.54%)

1.07 (-2.73%)

1.1 (168.29%)

Sales Per Share (SPS)

4.79 (4.49%)

4.59 (-2.74%)

4.72 (5.55%)

4.47 (21.45%)

Free Cash Flow Per Share (FCFPS)

0.99 (-12.43%)

1.13 (22.46%)

0.93 (-41.94%)

1.59 (1031.21%)

Book Value Per Share (BVPS)

20.13 (7.29%)

18.76 (6.86%)

17.56 (0.32%)

17.5 (48.97%)

Tangible Assets Book Value Per Share (TABVPS)

132.31 (3.88%)

127.36 (9.93%)

115.86 (4.09%)

111.31 (-7.98%)

Enterprise Value Over EBIT (EV/EBIT)

17 (142.86%)

7 (0.00%)

7 (250.00%)

2

Enterprise Value Over EBITDA (EV/EBITDA)

15.38 (131.84%)

6.63 (-7.98%)

7.21 (218.56%)

2.26

Asset Turnover

0.04 (2.94%)

0.03 (-17.07%)

0.04 (5.13%)

0.04 (-9.30%)

Current Ratio

-

-

-

-

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

$6,369,000 (-13.28%)

$7,344,000 (18.93%)

$6,175,000 (-43.97%)

$11,021,000 (1039.71%)

Enterprise Value (EV)

$118,733,525 (96.19%)

$60,518,295 (-13.14%)

$69,670,254 (190.92%)

$23,948,564

Earnings Before Tax (EBT)

$6,982,000 (-16.76%)

$8,388,000 (-10.07%)

$9,327,000 (-5.89%)

$9,911,000 (155.44%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$7,720,000 (-15.37%)

$9,122,000 (-5.62%)

$9,665,000 (-8.69%)

$10,585,000 (131.27%)

Invested Capital

$866,032,000 (6.28%)

$814,867,000 (7.73%)

$756,426,000 (7.06%)

$706,551,000 (-9.23%)

Working Capital

-

-

-

-

Tangible Asset Value

$848,642,000 (2.88%)

$824,892,000 (6.75%)

$772,725,000 (0.44%)

$769,339,000 (-7.50%)

Market Capitalization

$112,217,525 (9.99%)

$102,021,295 (1.84%)

$100,176,254 (-5.35%)

$105,838,564

Average Equity

$126,464,000 (6.22%)

$119,060,250 (2.63%)

$116,013,250 (-2.01%)

$118,390,000 (49.91%)

Average Assets

$872,126,750 (-0.55%)

$876,974,000 (13.36%)

$773,640,000 (-2.14%)

$790,532,000 (35.14%)

Invested Capital Average

$857,827,000 (5.98%)

$809,459,000 (12.51%)

$719,485,000 (2.30%)

$703,297,000 (34.02%)

Shares

6,412,430 (0.38%)

6,388,309 (-3.71%)

6,634,189 (-3.47%)

6,872,634 (-0.04%)