Welcome to our dedicated page for Cf Bankshares news (Ticker: CFBK), a resource for investors and traders seeking the latest updates and insights on Cf Bankshares stock.
CF Bankshares Inc (CFBK), the Ohio-based holding company for CFBank, provides investors and stakeholders with timely updates through this dedicated news hub. Track official press releases and curated financial coverage spanning commercial lending developments, treasury management innovations, and regional market expansions.
This resource delivers essential updates including earnings reports, leadership announcements, regulatory filings, and strategic initiatives. Discover analysis of CFBK's specialized services like SBA loans, equipment leasing programs, and residential real estate financing tailored to local businesses.
Bookmark this page for direct access to primary source materials and expert-curated content about CFBank's operations in Summit, Franklin, and Cuyahoga counties. Stay informed on financial performance metrics, community impact initiatives, and evolving banking solutions without promotional bias.
CF Bankshares Inc. (NASDAQ: CFBK), the parent company of CFBank, NA, announced a quarterly cash dividend. Shareholders of common stock will receive $0.06 per share, while Series D preferred stockholders will receive $6.00 per share. Each Series D preferred stock is convertible into 100 shares of common stock. The dividends are payable on July 19, 2024, to shareholders registered by July 11, 2024.
CF Bankshares Inc., parent of CFBank NA, reported strong financial results for the first quarter of 2024. Net income was $3.1 million with a ROE of 7.80% and PPNR ROE of 12.71%. Core deposit balances increased, new commercial loan production was $37.3 million, and key leadership additions were made. A cash dividend was declared, and business initiatives aim for fee income growth. Nonaccrual loans increased, but the company remains well-positioned for new business opportunities.
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