CF Bankshares Q2 EPS $0.72, loans up 7.6%, dividend raised 25%

CF BANKSHARES INC.

2022-Q2 EPS reported $1.41

Net income $4.7M ($0.72 diluted EPS) for Q2 2022, up from $0.69 in prior quarter and $0.52 in Q2 2021.
Net loans and leases grew $96.9M (7.6%) to $1.4B; commercial and residential lending led growth.
Board declared $0.05/share quarterly cash dividend, a 25% increase from prior $0.04.
ROA of 1.18% and ROE of 14.61% for Q2; credit quality strong with nonaccruals at 0.07%.
Opened full-service branch in Indianapolis, IN; temporarily suspended share repurchases to preserve capital.

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