secwatch.observer — SEC 8-K summary
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Issuer:     CF BANKSHARES INC. (CFBK)
CIK:        0001070680
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001070680-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CF Bankshares Q4 net income $4.2M ($0.65 EPS); full-year $16.9M ($2.63 EPS); assets top $2B
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- Q4 2023 net income $4.2M ($0.65 diluted EPS) vs $4.0M ($0.62) prior quarter and $4.7M ($0.72) year ago.
- Full year 2023 net income $16.9M ($2.63 EPS) vs $18.2M ($2.78) in 2022; pre-provision net revenue $23.3M.
- Total assets reached $2.0B; net loans $1.7B (+7.8% YoY); deposits $1.7B (+14.1% YoY).
- Nonaccrual loans rose to $5.7M (0.33% of loans) from $0.8M at Dec 2022; net charge-offs $623K in Q4 from two trucking loans.
- Board declared $0.06 per share cash dividend paid Jan 29, 2024 (unchanged from prior quarter).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070680/000107068024000003/0001070680-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070680/000107068024000003/cfbk-20240207x8k.htm
  HTML page:      https://secwatch.observer/filing/0001070680-24-000003

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