CF BANKSHARES INC., PARENT OF CFBANK NA, REPORTS RESULTS FOR THE 3rd QUARTER 2026.
Key Highlights
- ➤Q3 net income $6.0 million, or $0.91 per diluted share
- ➤Net interest margin 2.96%, up 20bps year-over-year
- ➤Commercial loan fundings $79 million, driving $42 million quarterly growth
- ➤Gross loans $1.9 billion, up 5.7% from December 31, 2025
- ➤Nonaccrual loans $20.4 million, up $5.0 million year-to-date
Expert Statements
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“We had strong net income of $6.0 million for the third quarter, which was net of $551,000 of provision expense. Return on Equity (ROE) topped 12% at 12.22%, while our NIM expanded by 3 bps to 2.96%.”
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“Ongoing Investments particularly with building our Commercial Banking Teams and expanding our Regional Metro Markets presence, are producing increasing Commercial Business banking opportunities throughout the Five (5) metro Marketplaces we serve in Ohio and Indiana.”
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“As an example, our Commercial Banking Team has generated over $350 million in total new Commercial Loan Fundings year-to-date.”
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“Our Pipelines of Commercial Banking Loan and Deposits remain strong entering the fourth quarter.”
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“As our new producers fully hit their strides, we expect our business generation results and Team capabilities will continue to grow and expand.”
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“Customer Fees, driven predominantly by Treasury Management Fees for Services, also have increased 32% year-to-date, up 8% compared to the prior quarterly results.”
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“During 2026, we have expanded considerably the size and depth of our Commercial Banking Team, which we believe will continue to fuel increasing quality Commercial growth opportunities, along with improving business mix through capturing greater numbers of full-service Banking (C&I) relationships.”
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“Additionally, we are gaining traction with expanding our Private Banking Customers & Product offerings to closely held business owners and entrepreneurs.”
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“Also, we are investing in Mortgage Lending, mostly through adding high performing Mortgage Loan Originators along with Regional Sales Leaders, capable of building Local and Regionally based Mortgage Lending Teams.”
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“Looking ahead, we expect our rate of Growth to continue accelerating.”
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“As we deploy more available capital to work into Loan relationships, we see enhanced Earnings growth opportunity.”
Timothy T. O'Dell, President and CEO of CF Bankshares Inc.
“Our Best is Yet Ahead!”
Robert E. Hoeweler, Chairman of the Board of CF Bankshares Inc.
“Our team has been able to perform at the highest level in very trying economic times.”
Robert E. Hoeweler, Chairman of the Board of CF Bankshares Inc.
“The results of the 3(rd) quarter reflect the quality of the Management team we have been able to attract and keep.”
Robert E. Hoeweler, Chairman of the Board of CF Bankshares Inc.
“Our marching orders are to continue our profitable growth and build shareholder value.”
Robert E. Hoeweler, Chairman of the Board of CF Bankshares Inc.
“I wholehearted agree 'Our Best is Yet Ahead'!”
CF BANKSHARES INC., PARENT OF CFBANK NA, REPORTS RESULTS FOR THE 3rd QUARTER 2026. PR Newswire
COLUMBUS, Ohio, Oct. 27, 2026 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, National Association ("CFBank"), today announced financial results for the third quarter ended September 30, 2026.
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