CF BANKSHARES INC. ANNOUNCES EXTENSION OF STOCK REPURCHASE PROGRAM

Rhea-AI Summary

CF Bankshares (NASDAQ: CFBK) announced the Board has extended its stock repurchase program to August 15, 2026.

The program authorizes repurchases of up to 325,000 shares (about 5% of outstanding common stock) through open‑market or privately negotiated transactions; 54,644 shares have been repurchased to date. Repurchases will be made in management's discretion and may follow Rule 10b‑18 or Rule 10b5‑1. The program may be suspended or discontinued, and there is no guarantee on the timing or amount of future repurchases.

Positive

• Board extended buyback to August 15, 2026
• Authorization to repurchase 325,000 shares (~5% outstanding)
• Already repurchased 54,644 shares under the program

Negative

• No guarantee on the number or timing of future repurchases
• Repurchases may be suspended or discontinued at any time

Key Figures

Repurchase authorization 325,000 shares Maximum shares under stock repurchase program

Portion of float approximately 5% Share of outstanding common stock covered by program

Program start approval date January 29, 2025 Board initially approved stock repurchase program

Original end date January 31, 2026 Original expiration for repurchase program

Extended end date August 15, 2026 New expiration date for repurchase program

Shares repurchased to date 54,644 shares Common stock repurchased under program so far

Price change pre-news 6.53% Move in last 24h before article publication

Relative volume 2.34x Today’s volume vs 20-day average before news

Market Reality Check

$24.52 Last Close

Volume Volume 146,291 vs 20-day average 62,522 (relative volume 2.34x) shows elevated interest ahead of this buyback-extension news. high

Technical Price $25.95 is trading above the 200-day MA at $23.48, reflecting a pre-news upward trend.

Peers on Argus

CFBK gained 6.53%, while close peers showed modest, mixed moves (e.g., CBFV +1.81%, LARK +2.13%, HNVR -1.12%). The magnitude of CFBK’s move points to a stock-specific reaction rather than a sector-wide shift.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 03	Q3 2025 results	Positive	+0.7%	Reported Q3 2025 earnings with higher PPNR and detailed credit charges.
Oct 01	Dividend declaration	Positive	+0.2%	Announced quarterly common and Series D preferred cash dividends.
Aug 04	Q2 2025 results	Positive	-0.8%	Strong Q2 earnings with higher ROE, ROA and deposit, loan growth.
Jul 21	Earnings date notice	Neutral	+0.1%	Set the release date for second quarter 2025 financial results.
Jul 01	Dividend hike, index	Positive	+0.7%	Raised dividend 14% and announced addition to Russell 3000 Index.

Pattern Detected

Recent fundamental and capital-return news has generally seen modest price moves, with one notable divergence on strong Q2 results.

Recent Company History

Over the last six months, CF Bankshares has reported improving quarterly results, consistent dividend payments of $0.08 per common share, and recognition via addition to the Russell 3000® Index. Q2 2025 showed strong earnings growth, though shares dipped 0.81%, while Q3 results and multiple dividend announcements saw small positive reactions between 0.08% and 0.71%. A prior buyback announcement in early 2025 led to a 2.44% gain. Today’s extension builds directly on that capital-return framework.

Market Pulse Summary

This announcement extends CFBK’s stock repurchase program for up to 325,000 shares, or about 5% of outstanding common stock, from January 31, 2026 to August 15, 2026. It follows earlier capital-return steps such as steady $0.08 quarterly dividends and a prior buyback authorization that coincided with a 2.44% gain. Investors may track actual repurchase activity, ongoing earnings trends, and insider buying patterns to gauge how this program supports long-term value.

Key Terms

stock repurchase program financial

"the Board of Directors of the Company has approved the extension of its stock repurchase program"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

open market transactions financial

"may purchase shares of its common stock from time to time through various means, including open market transactions"

Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.

Rule 10b-18 regulatory

"including Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act")"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

Rule 10b5-1 regulatory

"and may be effected pursuant to Rule 10b5-1 under the Exchange Act"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

AI-generated analysis. Not financial advice.

COLUMBUS, Ohio, Dec. 18, 2025 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, announced today that the Board of Directors of the Company has approved the extension of its stock repurchase program to August 15, 2026. The Company's stock repurchase program was initially approved by the Company's Board of Directors on January 29, 2025, and authorizes the Company to repurchase up to 325,000 shares, or approximately 5% of the Company's outstanding common stock, on or before January 31, 2026, which has now been extended to August 15, 2026. An aggregate of 54,644 shares of the Company's common stock have been repurchased to date under the stock repurchase program.

Under the stock repurchase program, the Company may purchase shares of its common stock from time to time through various means, including open market transactions and privately negotiated transactions. Open market repurchases will be made in accordance with applicable securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and may be effected pursuant to Rule 10b5-1 under the Exchange Act. There is no guarantee as to the exact number or value of shares that will be repurchased by the Company. The manner, timing and amount of any stock repurchases will be determined by the Company's management in its discretion based on its evaluation of various factors, including the trading price of the Company's common stock, market and economic conditions, regulatory requirements and other corporate considerations. The repurchase program may be suspended or discontinued at any time.

Timothy T. O'Dell, President and CEO, commented "We continue to believe our stock is a good value, and the Board's approval of the extension of this stock repurchase program reflects confidence in our Company's business model and intrinsic value and demonstrates our commitment to enhancing shareholder value."

About CF Bankshares Inc. and CFBank

CF Bankshares Inc. (the "Company") is a holding company that owns 100% of the stock of CFBank, National Association ("CFBank"). CFBank is a nationally chartered boutique Commercial bank operating primarily in Five (5) Major Metro Markets: Columbus, Cleveland, Cincinnati, and Akron Ohio, and Indianapolis, Indiana. The current Leadership Team and Board recapitalized the Company and CFBank in 2012 during the financial crisis, repositioning CFBank as a full-service Commercial Bank model. Since the 2012 recapitalization, CFBank has achieved a CAGR in excess of 20%.

CFBank focuses on serving the financial needs of closely held businesses and entrepreneurs, by providing a comprehensive Commercial, Retail, and Mortgage Lending services presence. In all regional markets, CFBank provides commercial loans and equipment leases, commercial and residential real estate loans and treasury management depository services, residential mortgage lending, and full-service commercial and retail banking services and products. CFBank is differentiated by our penchant for individualized service coupled with direct customer access to decision-makers, and ease of doing business. CFBank matches the sophistication of much larger banks, without the bureaucracy.

Additional information about the Company and CFBank is available at www.CF.Bank

FORWARD LOOKING STATEMENTS

This press release and other materials we have filed or may file with the Securities and Exchange Commission ("SEC") contain or may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Reform Act of 1995, which are made in good faith by us. Forward-looking statements include, but are not limited to: (1) projections of revenues, income or loss, earnings or loss per common share, capital structure and other financial items; (2) plans and objectives of the management or Boards of Directors of the Company or CFBank; (3) statements regarding future events, actions or economic performance; and (4) statements of assumptions underlying such statements. Words such as "estimate," "strategy," "may," "believe," "anticipate," "expect," "predict," "will," "intend," "plan," "targeted," and the negative of these terms, or similar expressions, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Various risks and uncertainties may cause actual results to differ materially from those indicated by our forward-looking statements, including, without limitation those risks detailed from time to time in our reports filed with the SEC, including those risk factors identified in "Item 1A. Risk Factors" of Part I of our Annual Report on Form 10-K filed with SEC for the year ended December 31, 2024.

Forward-looking statements are not guarantees of performance or results. A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We believe that we have chosen these assumptions or bases in good faith and that they are reasonable. We caution you, however, that assumptions or bases almost always vary from actual results, and the differences between assumptions or bases and actual results can be material. The forward-looking statements included in this press release speak only as of the date hereof. We undertake no obligation to publicly release revisions to any forward-looking statements to reflect events or circumstances after the date of such statements, except to the extent required by law.

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SOURCE CF BANKSHARES INC.

FAQ

What did CF Bankshares (CFBK) announce on December 18, 2025 about its buyback?

The Board extended the stock repurchase program to August 15, 2026 with up to 325,000 shares authorized.

How many CFBK shares have been repurchased so far under the program?

An aggregate of 54,644 shares have been repurchased to date under the program.

What percentage of CF Bankshares common stock does the repurchase authorization represent?

The authorization covers approximately 5% of the company's outstanding common stock.

What is the latest deadline for CFBK to complete repurchases under the extended program?

The extended program runs through August 15, 2026.

Will CF Bankshares (CFBK) definitely buy back all 325,000 authorized shares?

No; the company said there is no guarantee on the exact number or value of shares that will be repurchased.