CF Bankshares Inc. Reports Q4 2024 Net Income of $4.4 Million, Full Year $13.4 Million

CF BANKSHARES INC.

2024-FY EPS reported $2.06

Net income for Q4 2024 was $4.4 million ($0.68 per diluted share), compared to $4.2 million in Q3 2024 and $4.2 million in Q4 2023.
Pre-provision pre-tax net revenue (PPNR) for Q4 2024 was $6.5 million, a 12% increase from $5.8 million in Q3 2024.
Net interest margin expanded 16 basis points to 2.57% in Q4 2024, driven by a 30bps reduction in average cost of interest-bearing liabilities.
Noninterest-bearing deposits increased $38 million (16%) during 2024, reflecting growth in commercial treasury management relationships.
Nonaccrual loans rose to $14.5 million (0.84% of total loans) at December 31, 2024, up from $5.7 million a year earlier.

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