CF Bankshares Q3 net income $4.1M ($0.61 EPS); NIM expands to 3.21%

CF BANKSHARES INC.

2021-Q3 EPS reported $2.10

Net income of $4.1M for Q3 2021 up from $3.5M in Q2 2021; EPS $0.61 vs $0.52 prior quarter.
Net interest margin increased 26 bps quarter-over-quarter to 3.21%.
Net loans grew $122M (12.2%) during Q3, net of $28M PPP repayments.
Quarterly cash dividend increased 33% to $0.04 per share, payable Nov 2, 2021.
Sale of two Ohio branches generated $1.9M deposit premium; TCE ratio 9.09%.

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