#United States #Columbus #stock repurchase #CFBank #CF Bankshares

CF Bankshares Inc. Unveils New Stock Repurchase Plan

CF Bankshares Inc., the parent company of CFBank, recently made headlines by announcing a substantial stock repurchase program. This initiative allows the company to repurchase up to 325,000 shares, which translates to about 5% of its total outstanding common stock. The Board of Directors has authorized this move, emphasizing their commitment to bolstering shareholder value.

The timeline for the stock repurchase program extends until January 31, 2026. CFBank intends to execute these buybacks through various means, including open market transactions and private negotiations. Adhering to established securities laws and regulations, CFBank will conduct these buybacks in accordance with Rule 10b-18 under the Securities Exchange Act of 1934. Notably, while the company aims to purchase a specific number of shares, there are no guarantees concerning the total share count or the sheer value allocated for repurchases. The management will exercise discretion when evaluating buying opportunities, factoring in the trading price of the stocks, along with market conditions and other significant corporate considerations.

Timothy T. O'Dell, the current President and CEO of CF Bankshares, remarked, "We believe our stock is a good value, and the Board's approval of this stock repurchase program reflects confidence in our Company's business model and intrinsic value and demonstrates our commitment to enhancing shareholder value." This statement underscores the management's confidence in the company's prospects and the value of its stock in the current market climate.

CF Bankshares operates as a holding company, owning 100% of CFBank, National Association. Established in 2012 during a time of financial upheaval, CFBank has evolved into a prominent boutique commercial bank, serving key metropolitan areas such as Columbus, Cleveland, Cincinnati in Ohio, and Indianapolis in Indiana. The leadership team transformed CFBank into a full-service commercial bank post-recapitalization, achieving an impressive compound annual growth rate (CAGR) exceeding 20% since then.

CFBank specializes in catering to the financial needs of small to medium-sized businesses and entrepreneurs. They offer a eclectic range of services, including commercial loans, equipment leases, commercial and residential real estate loans, residential mortgage lending, and treasury management depository services. This versatility is matched by a commitment to personalized customer service, providing access to decision-makers and simplifying the banking process, all while maintaining the sophistication expected of larger institutions.

The financial community is closely monitoring this stock buyback program, as such initiatives typically reflect a company's robust health and commitment to returning value to shareholders. By actively repurchasing its own shares, CF Bankshares signals to investors that it possesses sufficient cash reserves and a strategic plan for optimizing its capital structure.

As the company navigates this repurchase phase, it will be interesting to observe how market perceptions shift and whether this strategy enhances not only shareholder confidence but also the overall market position of CF Bankshares amidst ongoing economic challenges. For additional details about CF Bankshares and CFBank, visit www.CF.Bank.

Forward-Looking Statements

As with any strategic financial initiative, this announcement includes forward-looking statements that encompass potential risks and uncertainties. Changes in market conditions or internal outcomes may affect the extent and timing of share repurchases, as outlined in SEC filings by the company. Investors are encouraged to stay informed by reviewing these statements and understanding the variables that could affect performance outcomes.

In conclusion, CF Bankshares Inc.'s new stock repurchase program signifies a robust strategy aimed at fostering shareholder trust and capitalizing on market opportunities, marking yet another significant step in the company's ambitious growth trajectory.