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. reports news centered on its role as the holding company for CFBank, National Association, a nationally chartered boutique commercial bank serving markets that include Columbus, Cleveland, Cincinnati and Akron, Ohio, and Indianapolis, Indiana. Company updates describe commercial loans and equipment leases, commercial and residential real estate lending, treasury management deposits, residential mortgage lending, and full-service commercial and retail banking.
Recurring announcements cover quarterly and annual earnings, net interest margin, loan growth, deposit funding, credit quality, provision expense, noninterest income, and capital ratios at CFBank. Other releases address common and Series D preferred stock dividends, stock repurchase authorization activity, and additions to commercial and regional banking teams.
CF Bankshares Inc. (NASDAQ: CFBK), the parent company of CFBank, NA, has scheduled the release of its second quarter 2025 financial results. The earnings report will be available before market opening on Monday, August 4, 2025.
CF Bankshares Inc. (NASDAQ: CFBK), the parent company of CFBank, NA, has announced two significant developments. The company declared a quarterly cash dividend of $0.08 per share on its common stock and $8.00 per share on its Series D preferred stock, representing a 14% increase from the previous quarter. The dividend will be paid on July 21, 2025, to shareholders of record as of July 11, 2025.
Additionally, CF Bankshares has been added to the Russell 3000® Index, effective June 30, 2025, as part of the 2025 Russell indexes reconstitution. This inclusion is significant as Russell indexes are widely utilized by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.
The bank's performance showed notable improvements with Net Interest Margin (NIM) increasing by 7bps quarter-over-quarter and 28bps year-over-year. Noninterest-bearing deposits grew by $18 million (7%) during Q1. The company completed strategic sales of residential mortgage portfolios worth $18.1 million, redirecting funds to higher-yielding commercial banking relationships.
Notable developments include appointing Matt Tuohey as Northeast Ohio Market President, declaring a $0.07 per share dividend, and securing a new $10 million revolving credit line. The bank's commercial banking group achieved over $50 million in net loan growth despite significant loan payoffs.
CF Bankshares Inc. (NASDAQ: CFBK) has appointed Matt Tuohey as Market President for the Northeast Ohio (Greater Cleveland) region. Tuohey brings over 30 years of commercial banking and executive leadership experience to CFBank. He previously served as Senior Vice President, Commercial Team Lead at WesBanco, where he established and led a Cleveland loan production office.
Prior to WesBanco, Tuohey held senior leadership positions at Chemical Bank and National City Bank. His appointment aligns with CFBank's strategy to expand its commercial banking presence in Northeast Ohio and strengthen its full-service, boutique commercial banking solutions across its five Metro Regional Markets.
CF Bankshares (NASDAQ: CFBK) has announced its latest quarterly cash dividend distribution. The company's Board of Directors has declared a dividend of $0.07 per share on common stock and a corresponding $7.00 per share on Series D preferred stock. The dividend will be paid on April 22, 2025 to shareholders of record as of April 14, 2025.
Each share of Series D preferred stock can be converted into 100 shares of common stock.
CF Bankshares Inc. (NASDAQ: CFBK) reported its Q4 and full-year 2024 financial results. Q4 net income reached $4.4 million ($0.68 per diluted share), while full-year net income was $13.4 million ($2.06 per diluted share). Pre-provision, pre-tax net revenue (PPNR) for Q4 increased 12% to $6.5 million compared to Q3 2024.
Key highlights include: Net Interest Income rose by $1.0 million (9.4%) in Q4 compared to Q3; Net Interest Margin (NIM) improved by 16bps; noninterest income grew 40% year-over-year in Q4; and noninterest-bearing deposits increased by $38 million (16%) during 2024.
The bank's asset quality showed nonaccrual loans at 0.84% of total loans, while the allowance for credit losses stood at 1.00% of total loans. Total deposits reached $1.76 billion, representing a 0.6% increase from Q3 2024.
CF Bankshares (NASDAQ: CFBK) has announced a new stock repurchase program authorized by its Board of Directors. The program allows the company to repurchase up to 325,000 shares, representing approximately 5% of its outstanding common stock, through January 31, 2026.
The repurchases may be conducted through various means, including open market and privately negotiated transactions, in compliance with securities laws and regulations, including Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934. The timing, manner, and amount of repurchases will be determined by management based on factors such as trading price, market conditions, and regulatory requirements. The program can be suspended or discontinued at any time.
CF Bankshares (NASDAQ: CFBK) has announced a quarterly cash dividend declaration. The company's Board of Directors has approved a $0.07 per share dividend on common stock and a corresponding $7.00 per share dividend on Series D preferred stock. The dividends will be paid on January 27, 2025, to shareholders recorded as of January 16, 2025. Each share of Series D preferred stock can be converted into 100 shares of common stock.
CF Bankshares Inc. reported Q3 2024 net income of $4.2 million ($0.65 per diluted share), with pre-provision, pre-tax net revenue of $5.8 million. Key highlights include a 10.38% Return on Average Equity and 0.84% Return on Average Assets. The company experienced notable growth with noninterest bearing deposits increasing by $40 million (18%) and commercial loans growing by $35 million during the quarter. Service charge fee income rose 65% compared to Q3 2023. The company declared a cash dividend of $0.07 per common share and $7.00 per Series D Preferred Stock, paid on October 19, 2024.