#CFBank #CF Bankshares #Q1 2026

CF Bankshares Inc. Financial Results Overview for Q1 2026

CF Bankshares Inc. (NASDAQ: CFBK), the holding company for CFBank, National Association, recently disclosed its financial results for the first quarter of 2026, revealing noteworthy advancements in performance metrics that indicate robust growth within the institution.

Key Financial Highlights

One of the standout figures from the report is the net income, which reached $5 million or $0.77 per diluted common share. This marks a 13% increase compared to the same period in 2025, reflecting the bank's ongoing commitment to enhancing profitability and operational efficiency.

Moreover, the pre-provision, pre-tax net revenue (PPNR) stood at $6.5 million, which translates to a 5.4% rise over Q1 2025, underscoring a solid increase in revenue generation. The bank's Return on Average Equity (ROE) was reported at 10.74%, while the Return on Average Assets (ROA) was noted at 0.97%, showcasing a strong equity performance and effective asset use.

In terms of interest revenue, the Net Interest Margin (NIM) increased by 5 basis points, which reflects better yield management and financial product offerings. Alongside this, the cost of funds saw a decline of 34 basis points compared to last year, while noninterest income made significant strides, rising by 23% due to increased customer fees and treasury management services.

The bank’s core commercial net loan growth totaled $45 million, achieving an annualized growth rate of 15% for this period. This growth was net of substantial payoffs and amortization, highlighting the effective management of loan portfolios and capital deployment strategies. As of the end of March 2026, the book value per common share had reached an elevated $28.20.

Additionally, CF Bank's capital position is robust, with a Tier 1 Leverage Ratio of 11.76% and a Total Capital Ratio of 15.15%, further reinforcing the bank's strength and stability in the financial sector.

Recent Dividend Declaration

On April 1, 2026, the Board of Directors declared a dividend of $0.09 per share on common stock, alongside a cash dividend of $9.00 per share for Series D Preferred Stock. This action reflects the firm's commitment to returning value to shareholders while maintaining a healthy capital base.

CEO Commentary

Timothy T. O'Dell, President and CEO, provided insights on the bank's performance by indicating that while Q1 earnings were influenced by various factors, including timing of commercial loan fundings, the bank remains optimistic about future growth.