earnings
confidence high
sentiment neutral
materiality 0.75
CF Bankshares Q3 net income $4.2M ($0.65 EPS); NIM expands; nonaccrual loans rise
CF BANKSHARES INC.
2024-Q3 EPS reported
$1.38
- Net income $4.2M ($0.65 diluted EPS) vs $1.7M in Q2 and $4.0M in Q3 2023; PPNR $5.8M.
- Net interest margin increased 2 bps QoQ to 2.41%; noninterest bearing deposits up $40M (18%).
- Nonaccrual loans increased to $14.6M (0.84% of loans) from $10.9M at Q2; net charge-offs $3.3M in Q3.
- Total deposits $1.75B (+2.9% QoQ); FHLB advances decreased $28.5M to $108.7M.
- Dividend declared $0.07/share common, paid Oct 19, 2024.