Quarterly ResultMay 5, 2026, 12:13 PM
CF Bankshares Q1 Net Income $5.0M, up 13%; EPS $0.77
AI Summary
CF Bankshares Inc. reported Q1 2026 net income of $5.0 million, or $0.77 per diluted common share, marking a 13% increase year-over-year. Pre-provision, pre-tax net revenue also rose 5.4% to $6.5 million. While the company saw strong core commercial loan growth and an increase in noninterest income, net income and net interest margin declined quarter-over-quarter, and nonaccrual loans increased due to one non-core commercial loan.
Key Highlights
- Net income was $5.0 million ($0.77 diluted EPS) for Q1 2026, a 13% increase over Q1 2025.
- Pre-provision, pre-tax net revenue (PPNR) for Q1 2026 was $6.5 million, a 5.4% increase over Q1 2025.
- Net Interest Margin (NIM) increased 5bps for Q1 2026 when compared to Q1 2025.
- Noninterest income increased $281,000 (23%) to $1.5 million, driven by customer fees.
- Core Commercial Net Loan Growth totaled $45 million in Q1, an annualized growth rate of 15%.
- Book value per common share increased to $28.20 as of March 31, 2026.
- Declared a cash dividend of $0.09 per common share, paid on April 21, 2026.
- Nonaccrual loans increased by $5.0 million to $20.3 million (1.14% of total loans) in Q1 2026.