CF BANKSHARES INC., PARENT OF CFBANK, NA, ANNOUNCES 13% INCREASE IN ITS QUARTERLY CASH DIVIDEND

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CF Bankshares (NASDAQ: CFBK) announced a 13% increase in its quarterly cash dividend, raising the common stock dividend to $0.09 per share and the Series D preferred dividend to $9.00 per share. The Board declared the dividend on January 5, 2026, payable on January 26, 2026 to shareholders of record at the close of business on January 15, 2026. Management said the increase is intended to enhance total shareholder returns.

Positive

• Dividend increase of 13% on common stock
• Common dividend set at $0.09 per share
• Series D preferred dividend set at $9.00 per share
• Dividend payable January 26, 2026; record date January 15, 2026

Negative

• Higher quarterly cash payout of $0.09 per common share

COLUMBUS, Ohio, Jan. 5, 2026 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, NA, today announced that the Board of Directors of the Company declared a $0.09 per share quarterly cash dividend on its common stock and a corresponding $9.00 per share quarterly cash dividend on its Series D preferred stock. This represents a 13% increase over its previous quarterly dividend. The dividend is payable on January 26, 2026 to shareholders of record as of the close of business on January 15, 2026.

Timothy T. O'Dell, President and CEO, commented, "We are pleased to reward our shareholders with a 13% increase in our dividend, which enhances total shareholder returns. We appreciate your confidence and support!"

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 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

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SOURCE CF BANKSHARES INC.

FAQ

What dividend did CF Bankshares (CFBK) declare on January 5, 2026?

The Board declared a quarterly common dividend of $0.09 per share and a Series D preferred dividend of $9.00 per share.

When is the CFBK dividend payable and what is the record date?

The dividend is payable on January 26, 2026 to shareholders of record as of the close of business on January 15, 2026.

How much did CF Bankshares increase its quarterly dividend by (CFBK)?

CF Bankshares increased its quarterly dividend by 13% compared with the prior quarterly dividend.

What does the $0.09 dividend mean for CFBK shareholders this quarter?

Eligible common shareholders will receive a cash dividend of $0.09 per share payable on the stated payment date.

Does CF Bankshares (CFBK) pay a dividend on preferred shares?

Yes; the company declared a quarterly cash dividend of $9.00 per Series D preferred share.