Anzeige
Mehr »
Montag, 04.08.2025 - Börsentäglich über 12.000 News
Der nächste HYPE beginnt: Angriff im Dogecoin- & Litecoin-Bereich nach der Spitze
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche

WKN: 548210 | ISIN: US12520L1098 | Ticker-Symbol:
NASDAQ
01.08.25 | 18:41
23,500 US-Dollar
0,00 % 0,000
1-Jahres-Chart
CF BANKSHARES INC Chart 1 Jahr
5-Tage-Chart
CF BANKSHARES INC 5-Tage-Chart
PR Newswire
28 Leser
Artikel bewerten:
(0)

CF Bankshares Inc., Parent Of CFBank NA, Reports Results For The 2nd Quarter 2025

COLUMBUS, Ohio, Aug. 4, 2025 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, National Association ("CFBank"), today announced financial results for the second quarter ended June 30, 2025.

Second Quarter 2025 Highlights

  • Net income for Q2 2025 was $5.0 million ( $0.77 per diluted common share), which included $1.4 million of Provision expense. This represents a 197% increase in net income over Q2 2024. The provision for credit losses negatively impacted earnings per share by $0.17 for Q2 2025.
  • Pre-provision, pre-tax net revenue (PPNR) for Q2 2025 was $7.8 million , which represents a 42% increase over Q2 2024 and a 27% increase over Q1 2025.
  • Return on Average Equity (ROE) was 11.47% for Q2 2025, while Return on Average Assets (ROA) was 0.97%.
  • Book value per share increased to $26.63 as of June 30, 2025.
  • Net Interest Margin (NIM) increased 19bps when compared to the prior quarter and increased 44bps when compared to the Q2 2024. This represents the fifth consecutive quarter in which we have achieved NIM expansion.
  • Cost of funds declined 48bps when compared to Q2 2024.
  • Efficiency Ratio improved to 49.8% compared to 55.9% for the prior quarter and 56.4% for Q2 2024.

Recent Developments

  • On July 1, 2025, the Company's Board of Directors declared a cash dividend of $0.08 per share on its common stock and a corresponding cash dividend of $8.00 per share on its Series D Preferred Stock. The dividend was paid on July 21, 2025 to shareholders of record as of the close of business on July 11, 2025.

CEO and Board Chair Commentary

Timothy T. O'Dell, President and CEO, commented "During the first half of 2025, we continued to successfully execute our key strategic objectives, which include:

  • Scaling our Commercial Bank and improving our Loan and Customer Mix through the addition of full-service C&I loan and full-service deposit and treasury management customers.
  • Strengthening our Regional Market Leadership, as well as expanding our Commercial & Retail Banking teams by adding additional proven top performers.
  • Improving our Deposit franchise by lowering our Cost of Funds and reducing reliance on higher cost funding.
  • Reducing and Refinancing Low-Rate loans, predominantly residential mortgage portfolio loans, while we emphasize the growth of Salable Home Mortgage loans throughout our market Footprints.

In addition, to the expansion of and strengthening of our Regional Banking Teams to date, we also generated PPNR of $7.8 million during Q2 while achieving an Efficiency Ratio of below 50%. Our Net Earnings of $5.0 million for Q2, included $1.4 million of Loan Provision expense, as we increased our Allowance for Loan Losses. We also downstreamed $10 million of Capital to the Bank which further increased our regulatory capital ratios.

The significant Leadership & Banking Talent upgrades which have been accomplished, we believe bode well going forward, enabling us to accelerate the execution of our stated Key Strategic & Business Objectives.

Our Bests are yet Ahead!"

Robert E. Hoeweler, Chairman of the Board, added: "We are pleased with our Leadership Team's execution of the Bank's Strategic initiatives, which includes solid Core Earnings growth."

Overview of Results

Net income for the three months ended June 30, 2025 totaled $5.0 million (or $0.77 per diluted common share) compared to net income of $4.4 million (or $0.68 per diluted common share) for the three months ended March 31, 2025 and net income of $1.7 million (or $0.26 per diluted common share) for the three months ended June 30, 2024. PPNR for the three months ended June 30, 2025 was $7.8 million compared to PPNR of $6.2 million for the three months ended March 31, 2025 and PPNR of $5.5 million for the three months ended June 30, 2024.

Net income for the six months ended June 30, 2025 totaled $9.5 million (or $1.45 per diluted common share) compared to net income of $4.8 million (or $0.74 per diluted common share) for the six months ended June 30, 2024. Pre-provision, pre-tax net revenue for the six months ended June 30, 2025 was $14.0 million compared to PPNR of $10.5 million for the six months ended June 30, 2024.

Net Interest Income and Net Interest Margin

Net interest income totaled $14.0 million for the quarter ended June 30, 2025 and increased $1.1 million, or 8.5%, compared to $12.9 million for the prior quarter, and increased $2.6 million, or 23.2%, compared to $11.4 million for the second quarter of 2024.

The increase in net interest income compared to the prior quarter was primarily due to a $1.2 million, or 4.0%, increase in interest income, partially offset by a $67,000 increase in interest expense. The increase in interest income was primarily attributed to a 16bps increase in the average yield on interest-earning assets, coupled with a $24.6 million, or 1.3%, increase in average interest-earning assets. The increase in interest expense when compared to the prior quarter was attributed to a 2bps increase in the average cost of funds on interest-bearing liabilities, partially offset by a $578,000, or 0.04%, decrease in average interest-bearing liabilities. The net interest margin of 2.83% for the quarter ended June 30, 2025 increased 19bps compared to the net interest margin of 2.64% for the prior quarter.

The increase in net interest income compared to the second quarter of 2024 was primarily due to a $1.6 million, or 8.9%, decrease in interest expense, coupled with a $1.0 million, or 3.6%, increase in interest income. The decrease in interest expense was attributed to a 41bps decrease in the average cost of funds on interest-bearing liabilities, partially offset by a $1.4 million, or 0.09%, increase in average interest-bearing liabilities. The increase in interest income was primarily attributed to a $76.5 million, or 4.0%, increase in average interest-earning assets outstanding, partially offset by a 3bps decrease in the average yield on interest-earning assets. The net interest margin of 2.83% for the quarter ended June 30, 2025 increased 44bps compared to the net interest margin of 2.39% for the second quarter of 2024.

Noninterest Income

Noninterest income for the three months ended June 30, 2025 totaled $1.6 million and increased $374,000, or 31.0%, compared to $1.2 million for the prior quarter. The increase was primarily due to a $196,000 increase in SWAP fee income, a $92,000 increase in gain on sales of residential mortgage loans, and a $103,000 decrease in the loss on the sale of a security during the prior quarter.

Noninterest income for the three months ended June 30, 2025 increased $362,000, or 29.7%, compared to $1.2 million for the three months ended June 30, 2024. The increase was primarily due to a $196,000 increase in SWAP fee income, a $119,000 increase in gain on sales of residential mortgage loans, and a $98,000 increase in service charges on deposit accounts.

The following table represents the notional amount of loans sold during the three months ended June 30, 2025, March 31, 2025, and June 30, 2024 (in thousands).


Three Months ended



June 30,
2025



March 31,
2025



June 30,
2024


Notional amount of loans sold


$

14,023



$

27,277



$

10,837















Noninterest Expense

Noninterest expense for the quarter ended June 30, 2025 totaled $7.8 million and decreased $200,000, or 2.5%, compared to $8.0 million for the prior quarter. The decrease in noninterest expense was primarily due to a $229,000 decrease in salaries and employee benefits. The decrease in salaries and employee benefits was impacted by a $183,000 decrease in payroll taxes, which on a percentage basis is higher in the first quarter of the year.

Noninterest expense for the quarter ended June 30, 2025 increased $662,000, or 9.3%, compared to $7.1 million for the quarter ended June 30, 2024. The increase in noninterest expense was primarily due to a $384,000 increase in salaries and employee benefits and a $309,000 increase in professional fee expense. The increase in salaries and employee benefits was primarily driven by higher salary expense due to increased FTEs and expense accruals related to staff incentives and deferred compensation incentives in the second quarter of 2025 when compared to the second quarter of 2024. The increase in professional fee expense was predominantly due to increased recruiting expenses in the second quarter of 2025 when compared to the second quarter of 2024.

Income Tax Expense

Income tax expense was $1.4 million for the quarter ended June 30, 2025 (effective tax rate of 21.3%), compared to $1.1 million for the prior quarter (effective tax rate of 20.6%) and $237,000 for the quarter ended June 30, 2024 (effective tax rate of 12.3%).

Loans and Loans Held For Sale

Net loans and leases totaled $1.8 billion at June 30, 2025 and increased $4.7 million, or 0.3%, from the prior quarter and increased $32.8 million, or 1.9%, from December 31, 2024. The increase in loans and leases balances from the prior quarter was primarily due to a $7.1 million increase in commercial and industrial (C&I) loan balances, a $5.1 million increase in commercial real estate loan balances, and an $811,000 increase in home equity lines of credit balances, partially offset by a $3.9 million decrease in single-family residential loan balances, a $3.7 million decrease in construction loan balances, and a $1.3 million increase in the allowance for credit losses on loans.

The increase in loans and leases from December 31, 2024 was primarily due to a $52.8 million increase in commercial real estate loan balances, a $3.3 million increase in home equity lines of credit balances, a $3.0 million increase in commercial and industrial (C&I) loan balances, and a $2.7 million increase in construction loan balances, partially offset by a $27.9 million decrease in single-family residential loan balances and a $1.6 million increase in the allowance for credit losses on loans. The decrease in single-family residential loan balances was due primarily to the sale of two portfolios of loans in the first quarter of 2025 totaling $18.1 million.

The following table presents the recorded investment in loans and leases for certain non-owner-occupied loan types (in thousands).



June 30, 2025



March 31, 2025


Construction - 1-4 family*


$

29,131



$

29,430


Construction - Multi-family*



157,743




155,983


Construction - Non-residential*



18,785




23,646


Hotel/Motel



11,853




11,926


Industrial / Warehouse



75,408




74,068


Land/Land Development



32,942




33,195


Medical/Healthcare/Senior Housing



2,045




2,184


Multi-family



218,523




211,937


Office



40,150




41,109


Retail



69,815




71,948


Other



7,424




7,603



* CFBank possesses a core competency and deep expertise in Construction Lending. The construction lending business sector has produced many full banking relationships with proven developers with long successful track records.

Asset Quality

Nonaccrual loans were $16.6 million, or 0.94% of total loans at June 30, 2025, an increase of $2.1 million from $14.5 million at March 31, 2025 and December 31, 2024.

Loans 30 days or more past due totaled $15.2 million at June 30, 2025, compared to $11.4 million at March 31, 2025 and $12.5 million at December 31, 2024.

The allowance for credit losses on loans and leases totaled $19.1 million at June 30, 2025 compared to $17.8 million at March 31, 2025 and $17.5 million at December 31, 2024. The ratio of the allowance for credit losses on loans and leases to total loans and leases was 1.08% at June 30, 2025 compared to 1.01% at March 31, 2025 and 1.00% at December 31, 2024.

There was $1.4 million in provision for credit losses expense for the quarter ended June 30, 2025, compared to $582,000 for the quarter ended March 31, 2025 and $3.6 million for the quarter ended June 30, 2024. Net charge-offs for the quarter ended June 30, 2025 totaled $51,000, compared to net charge-offs of $23,000 for the prior quarter and net charge-offs of $2.1 million for the quarter ended June 30, 2024. The increase in provision expense and the allowance for credit losses on loans was driven by a $1.2 million increase in the specific reserve on a loan participation. This participation was purchased in 2022 and is not part of the Bank's core loan portfolio.

Deposits

Deposits totaled $1.81 billion at June 30, 2025, an increase of $26.2 million, or 1.5%, when compared to $1.78 billion at March 31, 2025, and an increase of $54.1 million, or 3.1%, when compared to $1.76 million at December 31, 2024. The increase when compared to March 31, 2025 was primarily due to a $21.6 million increase in interest-bearing account balances, coupled with a $4.5 million increase in noninterest-bearing accounts balances. The increase when compared to December 31, 2024 was primarily due to a $31.4 million increase in interest-bearing account balances, coupled with a $22.7 million increase in noninterest-bearing accounts balances.

At June 30, 2025, approximately 29.1% of our deposit balances exceeded the FDIC insurance limit of $250,000, as compared to approximately 31.1% at March 31, 2025 and approximately 29.8% at December 31, 2024.

Borrowings

FHLB advances and other debt totaled $100.9 million at June 30, 2025, compared to $92.7 million March 31, 2025 and December 31, 2024. The increase was primarily due to a $10 million increase in the outstanding balance on the holding company credit facility.

Capital

Stockholders' equity totaled $177.0 million at June 30, 2025, an increase of $4.3 million, or 2.5%, when compared to $172.7 million at March 31, 2025, and an increase of $8.6 million, or 5.1%, from $168.4 million at December 31, 2024. The increase in total stockholders' equity during the three months ended June 30, 2025 was primarily attributed to net income, partially offset by $456,000 in dividend payments. The increase in stockholders' equity during the six months ended June 30, 2025 was primarily attributed to net income, partially offset by $909,000 in dividend payments.

USE OF NON-GAAP FINANCIAL MEASURES

This earnings release contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Non-GAAP financial measures included in this earnings release include Pre-Provision, Pre-Tax Net Revenue (PPNR). Management uses this "non-GAAP" financial measure in its analysis of the Company's performance and believes that this non-GAAP financial measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods and peers. These disclosures should not be viewed as substitutes for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. A reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure is included at the end of this earnings release under the heading "GAAP TO NON-GAAP RECONCILIATION."

About CF Bankshares Inc. and CFBank

CF Bankshares Inc. (the "Company") is a holding company that owns 100% of the stock of CFBank, National Association ("CFBank"). CFBank is a nationally chartered boutique Commercial bank operating primarily in Five (5) Major Metro Markets: Columbus, Cleveland, Cincinnati, and Akron Ohio, and Indianapolis, Indiana. The current Leadership Team and Board recapitalized the Company and CFBank in 2012 during the financial crisis, repositioning CFBank as a full-service Commercial Bank model. Since the 2012 recapitalization, CFBank has achieved a CAGR in excess of 20%.

CFBank focuses on serving the financial needs of closely held businesses and entrepreneurs, by providing a comprehensive Commercial, Retail, and Mortgage Lending services presence. In all regional markets, CFBank provides commercial loans and equipment leases, commercial and residential real estate loans and treasury management depository services, residential mortgage lending, and full-service commercial and retail banking services and products. CFBank is differentiated by our penchant for individualized service coupled with direct customer access to decision-makers, and ease of doing business. CFBank matches the sophistication of much larger banks, without the bureaucracy.

Additional information about the Company and CFBank is available at www.CF.Bank

FORWARD LOOKING STATEMENTS

This press release and other materials we have filed or may file with the Securities and Exchange Commission ("SEC") contain or may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Reform Act of 1995, which are made in good faith by us. Forward-looking statements include, but are not limited to: (1) projections of revenues, income or loss, earnings or loss per common share, capital structure and other financial items; (2) plans and objectives of the management or Boards of Directors of the Company or CFBank; (3) statements regarding future events, actions or economic performance; and (4) statements of assumptions underlying such statements. Words such as "estimate," "strategy," "may," "believe," "anticipate," "expect," "predict," "will," "intend," "plan," "targeted," and the negative of these terms, or similar expressions, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Various risks and uncertainties may cause actual results to differ materially from those indicated by our forward-looking statements, including, without limitation those risks detailed from time to time in our reports filed with the SEC, including those risk factors identified in "Item 1A. Risk Factors" of Part I of our Annual Report on Form 10-K filed with SEC for the year ended December 31, 2024.

Forward-looking statements are not guarantees of performance or results. A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We believe that we have chosen these assumptions or bases in good faith and that they are reasonable. We caution you, however, that assumptions or bases almost always vary from actual results, and the differences between assumptions or bases and actual results can be material. The forward-looking statements included in this press release speak only as of the date hereof. We undertake no obligation to publicly release revisions to any forward-looking statements to reflect events or circumstances after the date of such statements, except to the extent required by law.

Consolidated Statements of Income

($ in thousands, except share data)

(unaudited)

Three months ended






Six months ended






June 30,






June 30,






2025



2024



% change



2025



2024



% change


Total interest income

$


30,359



$


29,315




4

%


$


59,559



$


58,401




2

%

Total interest expense



16,358





17,948




-9

%




32,649





35,750




-9

%

Net interest income



14,001





11,367




23

%




26,910





22,651




19

%

?






















Provision for credit losses






















Provision for credit losses-loans



1,370





3,195




-57

%




1,722





4,512




-62

%

Provision for credit losses-unfunded
commitments



57





366




-84

%




287





286




0

%




1,427





3,561




-60

%




2,009





4,798




-58

%

Net interest income after provision for
credit losses



12,574





7,806




61

%




24,901





17,853




39

%

?






















Noninterest income






















Service charges on deposit accounts



721





623




16

%




1,388





1,182




17

%

Net gain on sales of residential
mortgage loans



206





87




137

%




320





177




81

%

Net gain (loss) on sales of
commercial loans



-





-



n/m





(18)





167



n/m


Net loss on sale of equity security



-





-



n/m





(103)





-



n/m


Swap fee income



196





-



n/m





196





-



n/m


Other



457





508




-10

%




1,003





597




68

%

Noninterest income



1,580





1,218




30

%




2,786





2,123




31

%

?






















Noninterest expense






















Salaries and employee benefits



3,954





3,570




11

%




8,137





7,078




15

%

Occupancy and equipment



417





471




-11

%




851





905




-6

%

Data processing



683





649




5

%




1,357





1,264




7

%

Franchise and other taxes



304





356




-15

%




607





642




-5

%

Professional fees



899





590




52

%




1,686





1,253




35

%

Director fees



180





143




26

%




357





268




33

%

Postage, printing, and supplies



46





42




10

%




95





86




10

%

Advertising and marketing



84





38




121

%




128





52




146

%

Telephone



43





52




-17

%




98





103




-5

%

Loan expenses



196





259




-24

%




521





706




-26

%

Foreclosed assets, net



3





-



n/m





4





-



n/m


Depreciation



118





122




-3

%




236





252




-6

%

FDIC premiums



534





499




7

%




1,080





1,099




-2

%

Regulatory assessment



64





66




-3

%




129





131




-2

%

Other insurance



50





51




-2

%




96





107




-10

%

Other



179





184




-3

%




326





333




-2

%

Noninterest expense



7,754





7,092




9

%




15,708





14,279




10

%























Income before income taxes



6,400





1,932




231

%




11,979





5,697




110

%

Income tax expense



1,365





237




476

%




2,514





932




170

%

Net income



5,035





1,695




197

%




9,465





4,765




99

%

Earnings allocated to participating
securities (Series D preferred stock)



(155)





(54)



n/m





(292)





(121)



n/m


Net Income attributable to common
stockholders

$


4,880



$


1,641




197

%


$


9,173



$


4,644




98

%

?






















Share Data






















Basic earnings per common share

$


0.77



$


0.26






$


1.46



$


0.74





Diluted earnings per common share

$


0.77



$


0.26






$


1.45



$


0.74





?






















Average common shares
outstanding - basic



6,300,427





6,256,457








6,293,078





6,293,178





Average common shares
outstanding - diluted



6,344,833





6,256,457








6,315,281





6,306,878





?






















n/m - not meaningful






















Consolidated Statements of Financial Condition

($ in thousands)

Jun 30,



Mar 31,



Dec 31,



Sept 30,



Jun 30,


(unaudited)

2025



2025



2024



2024



2024


Assets




















Cash and cash equivalents

$


275,684



$


240,986



$


235,272



$


233,520



$


241,775


Interest-bearing deposits in other
financial institutions



100





100





100





100





100


Securities available for sale



8,996





8,793





8,683





8,690





8,323


Equity securities



-





-





5,000





5,000





5,000


Loans held for sale



1,613





3,505





2,623





5,240





3,187


Loans and leases



1,773,930





1,767,942





1,739,493





1,733,855





1,706,980


Less allowance for credit losses
on loans and leases



(19,122)





(17,803)





(17,474)





(16,780)





(19,285)


Loans and leases, net



1,754,808





1,750,139





1,722,019





1,717,075





1,687,695


FHLB and FRB stock



8,031





8,022





8,918





8,908





9,830


Foreclosed assets, net



524





524





-





-





-


Premises and equipment, net



3,469





3,472





3,536





3,480





3,571


Operating lease right of use
assets



5,760





5,925





6,087





6,259





4,858


Bank owned life insurance



27,573





27,341





27,116





26,899





26,683


Accrued interest receivable and
other assets



46,979





45,874





46,169





51,323





49,612


Total assets

$


2,133,537



$


2,094,681



$


2,065,523



$


2,066,494



$


2,040,634






















?




















Liabilities and Stockholders' Equity




















Deposits




















Noninterest bearing

$


296,348



$


291,800



$


273,668



$


257,715



$


217,771


Interest bearing



1,513,500





1,491,889





1,482,127





1,487,861





1,478,705


Total deposits



1,809,848





1,783,689





1,755,795





1,745,576





1,696,476


FHLB advances and other debt



100,947





92,689





92,680





108,672





137,163


Advances by borrowers for taxes
and insurance



374





1,346





2,238





1,214





154


Operating lease liabilities



5,932





6,083





6,229





6,387





4,949


Accrued interest payable and
other liabilities



24,394





23,183





25,144





25,652





27,322


Subordinated debentures



15,019





15,009





15,000





14,990





14,980


Total liabilities



1,956,514





1,921,999





1,897,086





1,902,491





1,881,044






















Stockholders' equity



177,023





172,682





168,437





164,003





159,590


Total liabilities and stockholders'
equity

$


2,133,537



$


2,094,681



$


2,065,523



$


2,066,494



$


2,040,634


Average Balance Sheet and Yield Analysis


For Three Months Ended


June 30, 2025


March 31, 2025


June 30, 2024


Average


Interest


Average


Average


Interest


Average


Average


Interest


Average


Outstanding


Earned/


Yield/


Outstanding


Earned/


Yield/


Outstanding


Earned/


Yield/


Balance


Paid


Rate


Balance


Paid


Rate


Balance


Paid


Rate


(Dollars in thousands)

Interest-earning assets:



























Securities (1) (2)

$

8,830


$

40



1.45 %


$

13,632


$

139



3.49 %


$

12,902


$

133



3.37 %

Loans and leases and loans held for sale (3)


1,760,308



27,907



6.34 %



1,747,968



26,815



6.14 %



1,688,522



26,339



6.24 %

Other earning assets


200,614



2,259



4.50 %



183,421



2,072



4.52 %



191,199



2,679



5.60 %

FHLB and FRB stock


8,028



153



7.62 %



8,151



174



8.54 %



8,646



164



7.59 %

Total interest-earning assets


1,977,780



30,359



6.13 %



1,953,172



29,200



5.97 %



1,901,269



29,315



6.16 %

Noninterest-earning assets


97,153









99,873









96,107







Total assets

$

2,074,933








$

2,053,045








$

1,997,376







?



























Interest-bearing liabilities:



























Deposits

$

1,464,909


$

15,186



4.15 %


$

1,465,045


$

15,253



4.16 %


$

1,443,860


$

16,784



4.65 %

FHLB advances and other borrowings


107,248



1,172



4.37 %



107,690



1,038



3.86 %



126,918



1,164



3.67 %

Total interest-bearing liabilities


1,572,157



16,358



4.16 %



1,572,735



16,291



4.14 %



1,570,778



17,948



4.57 %




























Noninterest-bearing liabilities


327,187









309,457









266,393







Total liabilities


1,899,344









1,882,192









1,837,171


































Equity


175,589









170,853









160,205







Total liabilities and equity

$

2,074,933








$

2,053,045








$

1,997,376


































Net interest-earning assets

$

405,623








$

380,437








$

330,491







Net interest income/interest rate spread




$

14,001



1.97 %





$

12,909



1.83 %





$

11,367



1.59 %

Net interest margin








2.83 %









2.64 %









2.39 %

Average interest-earning assets to average interest-bearing liabilities


125.80 %









124.19 %









121.04 %









(1)

Average balance is computed using the carrying value of securities. Average yield is computed using the historical amortized cost average balance for available for sale securities.

(2)

Average yields and interest earned are stated on a fully taxable equivalent basis.

(3)

Average balance is computed using the recorded investment in loans net of the allowance for credit losses on loans and leases and includes nonperforming loans and leases.

Consolidated Financial Highlights




At or for the three months ended



Six months ended


($ in thousands except per share
data)


Jun 30,



Mar 31,



Dec 31,



Sept 30,



Jun 30,




June 30,


(unaudited)


2025



2025



2024



2024



2024




2025




2024


Earnings and Dividends





























Net interest income


$


14,001



$


12,909



$


12,533



$


11,460



$


11,367



$


26,910



$


22,651


Provision for credit losses


$


1,427



$


582



$


1,381



$


558



$


3,561



$


2,009



$


4,798


Noninterest income


$


1,580



$


1,206



$


1,446



$


1,606



$


1,218



$


2,786



$


2,123


Noninterest expense


$


7,754



$


7,954



$


7,433



$


7,226



$


7,092



$


15,708



$


14,279


Net income


$


5,035



$


4,430



$


4,417



$


4,205



$


1,695



$


9,465



$


4,765


Basic earnings per common share


$


0.77



$


0.68



$


0.68



$


0.65



$


0.26



$


1.46



$


0.74


Diluted earnings per common share


$


0.77



$


0.68



$


0.68



$


0.65



$


0.26



$


1.45



$


0.74


Dividends declared per share


$


0.07



$


0.07



$


0.07



$


0.06



$


0.06



$


0.14



$


0.12































Performance Ratios (annualized)





























Return on average assets




0.97

%




0.86

%




0.86

%




0.84

%




0.34

%




0.92

%




0.48

%

Return on average equity




11.47

%




10.37

%




10.61

%




10.38

%




4.23

%




10.93

%




6.00

%

Average yield on interest-earning
assets




6.13

%




5.97

%




6.16

%




6.30

%




6.16

%




6.05

%




6.12

%

Average rate paid on interest-bearing
liabilities




4.16

%




4.14

%




4.40

%




4.70

%




4.57

%




4.15

%




4.54

%

Average interest rate spread




1.97

%




1.83

%




1.76

%




1.60

%




1.59

%




1.90

%




1.58

%

Net interest margin, fully taxable
equivalent




2.83

%




2.64

%




2.57

%




2.41

%




2.39

%




2.74

%




2.37

%

Efficiency ratio (3)




49.77

%




55.94

%




53.17

%




55.30

%




56.35

%




52.90

%




57.64

%

Noninterest expense to average
assets




1.49

%




1.55

%




1.45

%




1.44

%




1.42

%




1.52

%




1.43

%






























Capital





























Tier 1 capital leverage ratio (1)




11.20

%




10.55

%




10.33

%




10.36

%




10.11

%




11.20

%




10.11

%

Total risk-based capital ratio (1)




14.69

%




13.76

%




13.60

%




13.43

%




13.48

%




14.69

%




13.48

%

Tier 1 risk-based capital ratio (1)




13.45

%




12.59

%




12.45

%




12.35

%




12.23

%




13.45

%




12.23

%

Common equity tier 1 capital to risk weighted assets (1)




13.45

%




12.59

%




12.45

%




12.35

%




12.23

%




13.45

%




12.23

%

Equity to total assets at end of period




8.30

%




8.24

%




8.15

%




7.94

%




7.82

%




8.30

%




7.82

%

Book value per common share


$


26.63



$


25.86



$


25.51



$


24.83



$


24.17



$


26.63



$


24.17


Tangible book value per common
share (2)


$


26.63



$


25.86



$


25.51



$


24.83



$


24.17



$


26.63



$


24.17


Period-end market value per
common share


$


23.97



$


22.04



$


25.54



$


21.65



$


18.76



$


23.97



$


18.76


Period-end common shares
outstanding




6,447,692





6,476,759





6,402,085





6,388,110





6,387,655





6,447,692





6,387,655


Average basic common shares
outstanding




6,300,427





6,285,649





6,258,616





6,253,716





6,256,457





6,293,078





6,293,178


Average diluted common shares
outstanding




6,344,833





6,285,649





6,328,710





6,293,908





6,256,457





6,315,281





6,306,878


Asset Quality





























Nonperforming loans


$


16,632



$


14,563



$


14,719



$


14,597



$


10,909



$


16,632



$


10,909


Nonperforming loans to total loans




0.94

%




0.82

%




0.87

%




0.84

%




0.64

%




0.94

%




0.64

%

Nonperforming assets to total assets




0.80

%




0.72

%




0.71

%




0.71

%




0.53

%




0.80

%




0.53

%

Allowance for credit losses on loans and leases to total loans and leases




1.08

%




1.01

%




1.00

%




0.97

%




1.13

%




1.08

%




1.13

%

Allowance for credit losses on loans and leases to nonperforming loans and leases




114.97

%




122.25

%




118.72

%




114.96

%




176.78

%




114.97

%




176.78

%

Net charge-offs (recoveries)


$


51



$


23



$


95



$


3,291



$


2,108



$


74



$


2,092


Annualized net charge-offs (recoveries) to average loans




0.01

%




0.01

%




0.02

%




0.77

%




0.49

%




0.01

%




0.25

%

?





























Average Balances





























Loans


$


1,775,865



$


1,763,827



$


1,737,656



$


1,717,886



$


1,704,118



$


1,769,879



$


1,707,088


Assets


$


2,074,933



$


2,053,045



$


2,046,032



$


2,000,421



$


1,997,376



$


2,064,049



$


2,000,785


Stockholders' equity


$


175,589



$


170,853



$


166,511



$


162,039



$


160,205



$


173,234



$


158,782




(1)

Regulatory capital ratios of CFBank

(2)

There are no differences between book value per common share and tangible book value per common share since the Company does not have any intangible assets.

(3)

The efficiency ratio equals noninterest expense (excluding amortization of intangibles and foreclosed asset writedowns) divided by net interest income plus noninterest income (excluding gains or losses on securities transactions).

NON-GAAP FINANCIAL MEASURE

The following non-GAAP financial measure used by the Company provides information useful to investors in understanding the Company's operating performance and trends and facilitates comparisons with the performance of peers. The following table summarizes the non-GAAP financial measure derived from amounts reported in the Company's consolidated financial statements:

Pre-provision, pre-tax net revenue ("PPNR")


Three Months Ended



Six months ended



Jun 30,



Mar 31,



Jun 30,



Jun 30,



2025



2025



2024



2025



2024


Net income

$


5,035



$


4,430



$


1,695



$


9,465



$


4,765


Add: Provision for credit losses



1,427





582





3,561





2,009





4,798


Add: Income tax expense



1,365





1,149





237





2,514





932


Pre-provision, pre-tax net revenue

$


7,827



$


6,161



$


5,493



$


13,988



$


10,495


SOURCE CF BANKSHARES INC.

© 2025 PR Newswire
Hensoldt, Renk & Rheinmetall teuer
Rheinmetall, Renk und Hensoldt haben den Rüstungsboom der letzten Jahre dominiert, doch inzwischen sind diese Titel fundamental heillos überbewertet. KGVs jenseits der 60, KUVs über 4, und das in einem politisch fragilen Umfeld mit wackelnder Haushaltsdisziplin. Für späteinsteigende Anleger kann das teuer werden.

Doch es gibt Alternativen, die bislang unter dem Radar fliegen; solide bewertet, operativ stark und mit Nachholpotenzial.

In unserem kostenlosen Report zeigen wir dir, welche 3 Rüstungsunternehmen noch Potenzial haben und wie du von der zweiten Welle der Zeitenwende profitieren kannst, ohne sich an überhitzten Highflyer zu verbrennen.

Holen Sie sich den neuesten Report! Verpassen Sie nicht, welche Aktien besonders vom weltweiten Aufrüsten profitieren dürften, und laden Sie sich das Gratis-PDF jetzt kostenlos herunter.

Dieses exklusive Angebot gilt aber nur für kurze Zeit! Daher jetzt downloaden!
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.