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. (NASDAQ: CFBK) is the holding company for CFBank, National Association, a nationally chartered boutique commercial bank serving closely held businesses and entrepreneurs. This news page aggregates company-issued press releases and other coverage so readers can follow developments affecting CFBK stock and the CFBank franchise across its core Midwest metro markets.
According to its disclosures, CF Bankshares Inc. regularly reports quarterly and year-to-date financial results, including net income, pre-provision, pre-tax net revenue (PPNR), return on average equity (ROE), return on average assets (ROA), net interest margin (NIM), efficiency ratio, deposit trends, and asset quality metrics. Earnings releases also discuss loan and lease portfolio composition, construction lending activity, residential mortgage loan sales, and changes in noninterest income and expense.
Investors can also expect capital management and shareholder-focused news, such as announcements of quarterly cash dividends on common and Series D preferred stock, dividend increases, and updates on the company’s stock repurchase program, including board approvals and extensions. The company has additionally highlighted its inclusion in the Russell 3000 Index in its news flow.
Other updates may cover strategic and organizational developments, including the recruitment of experienced commercial banking leaders in key regions, information provided in connection with annual meetings, and commentary from management on commercial loan production, deposit mix, and competitive positioning in its five primary metro markets.
For readers tracking CFBK news, this page offers a centralized view of CF Bankshares Inc.’s reported performance, capital actions, and banking initiatives. Reviewing the sequence of releases can help users understand how management describes the evolution of the commercial bank, its lending focus, and its approach to serving closely held businesses and entrepreneurs over time.
Summary not available.
Summary not available.
CF Bankshares Inc. (NASDAQ: CFBK) has declared a quarterly cash dividend of $0.06 per share, reflecting a 20% increase over the previous quarterly dividend. This dividend is payable on April 28, 2023, to shareholders of record as of April 17, 2023. Timothy T. O'Dell, President and CEO, expressed satisfaction in rewarding shareholders with this increase, enhancing total shareholder return. CFBank, the bank under CF Bankshares, operates in key markets and has shown a compound annual growth rate (CAGR) of nearly 25% since its recapitalization in 2012.
CF Bankshares Inc. (NASDAQ: CFBK) reported a net income of $4.7 million ($0.72 per share) for Q4 2022, a 10% rise from Q3 2022. Full-year net income stood at $18.2 million ($2.78 per share). PPNR for Q4 was $6.5 million, up 20% from Q3, with a return on average assets of 1.04%. Net loans increased by $98 million to $1.6 billion, maintaining strong credit quality. The company is relocating its headquarters to Hamilton Quarter in February 2023, aiming for increased visibility and new banking opportunities. A cash dividend of $0.05 per share was declared for January 31, 2023.
CF Bankshares Inc. (NASDAQ: CFBK) has announced a quarterly cash dividend of $0.05 per share, payable on January 31, 2023. Shareholders of record as of January 17, 2023 will receive the dividend. CF Bankshares is the parent company of CFBank, a commercial bank focusing on closely held businesses in metropolitan markets, including Columbus, Cleveland, Cincinnati, and Indianapolis. Since its recapitalization in 2012, CFBank has achieved a compound annual growth rate (CAGR) of nearly 25%.
CF Bankshares Inc. (NASDAQ: CFBK) reported third-quarter 2022 financial results with a net income of $4.2 million ($0.65/share) and core earnings of $5.2 million ($0.80/share). Key metrics included a return on average assets (ROA) of 1.02% and a return on average equity (ROE) of 12.62%. Net loans grew by $96 million (27.8% annualized) to $1.5 billion. The net interest margin increased to 3.36%, driven by a substantial rise in interest income. Despite challenges, credit quality remained solid with loans more than 30 days past due at 0.09%. The Company declared a cash dividend of $0.05 per share for October 2022.
CF Bankshares Inc. (NASDAQ: CFBK) has declared a quarterly cash dividend of $0.05 per share, payable on October 25, 2022, to shareholders of record by the close of business on October 14, 2022. The company, which operates CFBank, focuses on providing comprehensive commercial and retail banking services across major markets in Ohio and Indiana. CFBank has demonstrated significant growth with a CAGR of nearly 25% since its recapitalization in 2012.
CF Bankshares Inc. (CFBK) reports a strong second quarter for 2022 with a net income of $4.7 million and earnings per share of $0.72. Year-to-date net income is $9.2 million. Key metrics include a return on average assets (ROA) of 1.18% and return on average equity (ROE) of 14.61%. Net interest income rose by $771,000 (7.2%) from the previous quarter. Loans increased by $97 million (7.6%), and credit quality remained strong, with loans more than 30 days past due at just 0.05% of total loans. A 25% dividend increase was also announced.
CF Bankshares Inc. (NASDAQ: CFBK) announced a quarterly cash dividend of $0.05 per share, marking a substantial 25% increase from the previous dividend. This dividend will be payable on July 26, 2022 to shareholders of record by the close of business on July 15, 2022. President and CEO Timothy T. O'Dell highlighted this increase as a sign of confidence in the company's business strength and a commitment to delivering attractive total returns to shareholders.
CF Bankshares Inc. (NASDAQ: CFBK) shared its Annual Meeting presentation, detailing strong financial performance for 2021 and Q1 2022. Key highlights include:
- Annualized Loan CAGR of 31% since Dec 2017.
- Tangible book value CAGR of 16% over five years.
- Significant improvement in credit quality with Criticized Loans decreasing from 1.96% to 0.32% from Dec 2017 to Mar 2022.
The company focuses on serving closely held businesses in major markets including Columbus, Cleveland, Cincinnati, and Indianapolis.