secwatch.observer — SEC 8-K summary
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Issuer:     CF BANKSHARES INC. (CFBK)
CIK:        0001070680
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001070680-24-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CF Bankshares Q3 net income $4.2M ($0.65 EPS); NIM expands; nonaccrual loans rise
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070680/000107068024000030/0001070680-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070680/000107068024000030/cfbk-20241030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001070680-24-000030

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