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) 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.
CF Bankshares Inc. (NASDAQ: CFBK) reported a net income of $4.5 million with an EPS of $0.69 for Q1 2022, maintaining earnings levels from Q4. Key metrics include a 1.24% return on average assets and a 14.32% return on equity. Loans grew by $67 million (5.5%), and deposits increased by $52 million (4.2%). The efficiency ratio improved to 53.10%, and credit quality remains robust, with only 0.07% of loans more than 30 days overdue. A cash dividend of $0.04 per share was declared for distribution on April 25, 2022.
CF Bankshares Inc. (NASDAQ: CFBK) has declared a quarterly cash dividend of $0.04 per share, payable on April 25, 2022. Shareholders of record as of the close of business on April 14, 2022 will receive this dividend. The bank, operating in major markets such as Columbus and Cleveland, has achieved a compound annual growth rate (CAGR) of nearly 25% since its recapitalization in 2012. CFBank is recognized as a top community bank and has consistently received accolades for its performance and growth strategies.
CF Bankshares Inc. (NASDAQ: CFBK) reported a net income of $4.5 million for Q4 2021 and $18.5 million for the full year. Earnings Per Share (EPS) for Q4 stood at $0.68, while the full year EPS was $2.77. The Return on Average Assets (ROA) was 1.29% for Q4 and 1.26% for 2021, with a Return on Average Equity (ROE) of 14.50% and 15.58%, respectively. Net Interest Margin (NIM) improved to 3.36% in Q4 compared to 2.48% in Q4 2020. Loans increased by $90.4 million during the quarter. A cash dividend of $0.04 per share was declared, payable on February 1, 2022.
CF Bankshares Inc. (NASDAQ: CFBK) announced that its subsidiary, CFBank, has been recognized by BankDirector.com, ranking #4 in the Best Community Bank category and #2 in Growth Strategy. This acknowledgment positions CFBank as the only Ohio community bank among the top 10 in the nation. CFBank, operating in major Ohio cities and Indianapolis, Indiana, has achieved a CAGR of 25% since its recapitalization in 2012, focusing on servicing closely held businesses and offering a range of financial products.