Positive
Seeking Alpha
2 months ago
Affinity Bancshares: No Dividend, But Buying Back Its Own Shares
Affinity Bancshares reported strong H1 results, with net interest income up and EPS doubling year-over-year to $0.34 in Q2. AFBI's loan book is heavily weighted toward commercial real estate, with manageable non-accruing loans and strong collateralization in the office segment. The bank's tangible book value stands at $16.80 per share, trading at a reasonable premium and 13-14x annualized H1 earnings.