---
schema_version: "secwatch.filing_event.v1"
accession: "0001070680-24-000014"
form_type: "8-K"
ticker: "CFBK"
cik: "0001070680"
company_name: "CF BANKSHARES INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T15:49:47.565086+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001070680-24-000014
- form_type: 8-K
- ticker: CFBK
- cik: 0001070680
- company_name: CF BANKSHARES INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070680/000107068024000014/0001070680-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070680/000107068024000014/cfbk-20240507x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070680-24-000014
- JSON: https://secwatch.observer/filing/0001070680-24-000014.json
- Plain text: https://secwatch.observer/filing/0001070680-24-000014.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070680/000107068024000014/0001070680-24-000014-index.htm

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