earnings
confidence high
sentiment positive
materiality 0.60
CF Bankshares Q3 core EPS $0.80; NIM up 32 bps to 3.36%, loan growth 27.8% annualized
CF BANKSHARES INC.
2022-Q3 EPS reported
$2.06
- Net income $4.2M ($0.65 GAAP EPS); core earnings $5.2M ($0.80 EPS) after one-time conversion and impairment costs.
- Net interest margin expanded 32 bps to 3.36% vs. prior quarter; net interest income up 15.3% sequentially.
- Net loans and leases grew $96M (27.8% annualized) to $1.5B; deposits increased $112.5M (8.2%) from Q2.
- Credit quality strong: nonaccrual loans 0.07% of total, no charge-offs in Q3, 30+ day delinquencies 0.09%.
- Declared $0.05/share dividend payable Oct 25; opened two new branches (Ohio City, Red Bank) in Oct 2022.