CF Bankshares Q3 net income $4.0M ($0.62 EPS); PPNR rises to $6.2M

CF BANKSHARES INC.

2023-Q3 EPS reported $1.97

Net income $4.0M ($0.62 diluted EPS) vs $4.2M ($0.66) prior quarter; nine-month net $12.7M ($1.97).
Pre-provision net revenue (PPNR) $6.2M, up $917k from Q2; NIM 2.50% (down 2bps QoQ, 86bps YoY).
Book value per share $23.10; ROA 0.82%, ROE 10.75%; nonperforming loans just 0.27% of total loans.
Provision for credit losses $1.2M (driven by specific reserves on two commercial loans); net charge-offs $126k.
Deposits $1.7B, up 1.5% QoQ; loan growth 1.8% QoQ; cash dividend $0.06/share declared for Oct 27.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CF BANKSHARES INC. reported third quarter ended September 30, 2023 results: net income $4.0 million ( $0.62 per diluted common share ), EPS $0.62 per diluted common share.

Period: third quarter ended September 30, 2023
Net income: $4.0 million ( $0.62 per diluted common share )
EPS: $0.62 per diluted common share
Result: reported results

Exact text from the filing

CF Bankshares Inc. (the “Company”) issued a press release announcing financial results for the third quarter ended September 30, 2023

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Source: SEC EDGAR

accession 0001070680-23-000036

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