---
schema_version: "secwatch.filing_event.v1"
accession: "0001070680-23-000015"
form_type: "8-K"
ticker: "CFBK"
cik: "0001070680"
company_name: "CF BANKSHARES INC."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T05:45:00.176756+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CF Bankshares Q1 net income $4.4M ($0.68/share); dividend increased 20% to $0.06

## Summary
- Net income $4.4M, down from $4.7M in Q4 2022 but flat vs Q1 2022; diluted EPS $0.68.
- ROA 0.98%, ROE 12.55%; book value per share rose to $21.88.
- Net loans grew $43.8M to $1.6B; nonperforming loans were only 0.04% of total loans.
- Deposits increased $75.9M to $1.6B; uninsured deposits were 30.5% of total.
- Quarterly dividend raised 20% to $0.06/share, payable April 28, 2023.

## SEC filing metadata
- accession: 0001070680-23-000015
- form_type: 8-K
- ticker: CFBK
- cik: 0001070680
- company_name: CF BANKSHARES INC.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070680/000107068023000015/0001070680-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070680/000107068023000015/cfbk-20230510x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070680-23-000015
- JSON: https://secwatch.observer/filing/0001070680-23-000015.json
- Plain text: https://secwatch.observer/filing/0001070680-23-000015.txt

## Key facts
- Earnings Releases
  CF BANKSHARES INC. reported the first quarter ended March 31, 2023 results: net income Net Income for Q1 2023 was $4.4 million ( $0.68 per diluted common share ), EPS $0.68 per diluted common share.
  - Period: the first quarter ended March 31, 2023
  - Net income: Net Income for Q1 2023 was $4.4 million ( $0.68 per diluted common share )
  - EPS: $0.68 per diluted common share
  - Result: reported results
  source text: On May 10, 2023, CF Bankshares Inc. (the “Company”) issued a press release announcing financial results for the first quarter March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070680/000107068023000015/0001070680-23-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.