secwatch.observer — SEC 8-K summary
======================================

Issuer:     CF BANKSHARES INC. (CFBK)
CIK:        0001070680
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001070680-24-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070680/000107068024000014/0001070680-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070680/000107068024000014/cfbk-20240507x8k.htm
  HTML page:      https://secwatch.observer/filing/0001070680-24-000014

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