secwatch.observer — SEC 8-K summary
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Issuer:     CF BANKSHARES INC. (CFBK)
CIK:        0001070680
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001070680-25-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070680/000107068025000006/0001070680-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070680/000107068025000006/cfbk-20250212x8k.htm
  HTML page:      https://secwatch.observer/filing/0001070680-25-000006

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