Cf Bankshares Inc Stock Price, News & Analysis

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.

CF Bankshares Inc. (NASDAQ: CFBK) announced a quarterly cash dividend of $0.04 per share, payable on February 1, 2022, to shareholders of record as of January 21, 2022. Since the recapitalization in 2012, CFBank has achieved a compound annual growth rate (CAGR) of 25%. The bank, which serves closely held businesses and entrepreneurs across four major metro markets, has been recognized among the Top 200 Publicly Traded Community Banks by American Banker and ranked highly for its growth strategy.

CF Bankshares Inc. (CFBK) announces the appointment of Chad Owens as the leader of its expanding Equipment Finance business, effective immediately. With 25 years of experience in Equipment Finance and Commercial Banking, Owens will report to Brad Ringwald, Chief Commercial Banking Officer. His role will involve driving growth in CFBank's equipment finance operations across Ohio and surrounding states. CFBank aims to enhance its commercial lending products to better serve middle-market and small-ticket businesses, highlighting its commitment to a boutique commercial banking model.

CF Bankshares Inc. (NASDAQ: CFBK) reported Q3 2021 net income of $4.1 million, or $0.61 per share, and $14.0 million YTD. The net interest margin increased to 3.21%, with net loans growing by $122 million. The company declared a cash dividend of $0.04 per share, representing a 33% increase, and increased its stock repurchase program. However, net income decreased from $10.2 million in Q3 2020, mainly due to lower margins in residential mortgage loans. Overall, CFBK aims for growth, targeting a doubling of SBA lending volumes in 2022.

CF Bankshares Inc. (NASDAQ: CFBK) has been recognized by Piper Sandler as a Sm-All Star for the third consecutive year, distinguishing it as a top performer among small-cap banks. The company, the only Ohio-based financial institution to receive this honor, met rigorous standards for growth, profitability, credit quality, and capital strength, with a market cap under $2.5 billion. President Timothy T. O'Dell expressed pride in the team’s consistent performance and growth since the company's 2012 recapitalization.

CF Bankshares Inc. (NASDAQ: CFBK) announced a quarterly cash dividend of $0.04 per share, marking a 33% increase from the previous dividend. The dividend will be paid on November 2, 2021, to shareholders on record by October 22, 2021. Additionally, the maximum number of shares eligible for repurchase under the stock buyback program has been raised to 350,000, with the program extended to June 30, 2022. The CEO expressed confidence in the business model and commitment to enhancing shareholder value through these initiatives.

CF Bankshares Inc. (NASDAQ: CFBK) reported a net income of $3.5 million for Q2 2021, down 65.3% year-over-year. Earnings per share were $0.52, while year-to-date net income reached $9.9 million with EPS of $1.48. The company decided to exit its direct-to-consumer mortgage lending business, which incurred a $2.2 million loss, and is transitioning to a traditional retail model. Net interest income surged 76% to $11 million, driven by a 53% annualized loan growth, but noninterest income plummeted 95.2%. Credit quality remained strong with nonperforming loans at 0.02% of total assets.

CFBank, a subsidiary of CF Bankshares Inc. (NASDAQ: CFBK), announced the sale of its two branches in Columbiana County, Ohio, to Consumers National Bank for a deposit premium of approximately $1.9 million. This transaction involves the transfer of $104 million in deposits and $28 million in earning assets. The sale aligns with CFBank's strategy to focus on growth in Metro markets and is expected to enhance operational efficiencies.

CF Bankshares Inc. (NASDAQ: CFBK) has announced a quarterly cash dividend of $0.03 per share, scheduled for payment on August 2, 2021. Shareholders of record by the close of business on July 22, 2021 will receive this dividend. The company, based in Ohio, has been providing personalized banking services since 1892, focusing on closely held businesses and offering a range of financial products.