secwatch.observer — SEC 8-K summary
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Issuer:     CF BANKSHARES INC. (CFBK)
CIK:        0001070680
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001070680-23-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070680/000107068023000036/0001070680-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070680/000107068023000036/cfbk-20231108x8k.htm
  HTML page:      https://secwatch.observer/filing/0001070680-23-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer