CF Bankshares Q1 net income $3.1M ($0.47 EPS), down from $4.2M in Q4 and $4.4M a year ago

CF BANKSHARES INC.

2024-Q1 EPS reported $0.47

Net income $3.1M ($0.47 diluted EPS) vs $4.2M ($0.65) Q4 2023 and $4.4M ($0.68) Q1 2023.
Net interest margin 2.36% (down 8bps QoQ, down 57bps YoY) on higher deposit costs.
Provision for credit losses $1.2M (vs $875K Q4 2023); nonaccrual loans rose to $7.9M from $5.7M.
Core deposit balances increased $30.8M; new commercial loan production $37.3M.
Declared $0.06 dividend paid April 29, 2024; book value per share $24.17.

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 0.95

CF BANKSHARES INC. reported the first quarter ended March 31, 2024 results: net income $3.1 million ( $0.47 per diluted common share ), EPS $0.47 per diluted common share.

Period: the first quarter ended March 31, 2024
Net income: $3.1 million ( $0.47 per diluted common share )
EPS: $0.47 per diluted common share
Result: reported results

Exact text from the filing

CF Bankshares Inc. (NASDAQ: CFBK) (the “Company”), the parent of CFBank, National Association (“CFBank”), today announced financial results for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001070680-24-000014

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