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CF Bankshares Inc. Reports Its Q3 2025 Financial Results

On November 3, 2025, CF Bankshares Inc. (NASDAQ: CFBK), the parent company of CFBank, National Association, unveiled its financial results for the third quarter of 2025. This quarter's report provides insights into the company's performance amidst an evolving economic landscape.

Quarter Highlights

During Q3 2025, CF Bankshares reported a net income of $2.3 million, translating to $0.36 per diluted common share. Notably, this figure included a provision expense of $5.1 million, impacting earnings by $0.61 per share. In spite of this provision, the company's Pre-Provision, Pre-Tax Net Revenue (PPNR) stood at $7.8 million—a remarkable 33% surge from Q3 2024.

Return on Average Equity (ROE) for this quarter was recorded at 5.20%, with Return on Average Assets (ROA) at 0.45%. Furthermore, the book value per share rose to $26.99 as of September 30, 2025. The net interest margin saw an increase of 35bps compared to Q3 2024, highlighting improved efficiency in interest earnings.

Performance Metrics

The efficiency ratio improved significantly, dropping to 49.8% compared to 55.3% in the same quarter last year. Moreover, credit quality indicators showed a positive trend with nonaccrual loans decreasing by 40% and total delinquencies declining by 63% since June 30, 2025.

CF Bank's capital position remains robust, boasting a Tier 1 Leverage ratio of 11.19% and a Total Capital ratio of 14.88%. Core deposits expanded by $20 million since mid-year, signaling strong market confidence.

Commercial Loan Growth

The company's commercial loan production reached a total of $155 million year-to-date. This growth has been vital in offsetting considerable loan payoffs from commercial real estate development projects, reinforcing the strength of CF Bank's commercial pipelines, which continue to show promise.

Recent Developments

On October 1, 2025, CF Bankshares Inc.'s Board of Directors declared a cash dividend of $0.08 per share on its common stock, with a corresponding dividend of $8.00 per share on its Series D Preferred Stock. These dividends were paid on October 21, 2025, demonstrating the company's commitment to returning value to shareholders.

CEO Remarks
Timothy T. O'Dell, the President and CEO, remarked that the Q3 earnings were adversely affected by a charge-off of a non-customer loan, marking a significant write-off for the quarter. However, he noted that core earnings continued to show solidity, with expectations for a strong fourth quarter as extraordinary items are not anticipated to impact operational results.

Looking ahead, Mr. O’Dell emphasized confidence in the continuing growth of commercial loans, accompanied by a favorable outlook for residential mortgage volumes and ongoing refinancings in the low-rate environment. The addition of experienced banking talent to their commercial team is expected to bolster new business production moving forward.

Conclusion

In summary, while CF Bankshares faced certain challenges this quarter, the company's robust financial metrics and strategic planning suggest a positive trajectory. With continued attention to credit quality and an expanding loan portfolio, CF Bankshares appears well-positioned to navigate the dynamic banking landscape ahead.