CF Bankshares Posts Q4 and 2022 Results

COLUMBUS, Ohio, — CF Bankshares Inc., the parent of CFBank, has announced net income of $4.7 million ($0.72 per share) for Q4 2022 which represents a 10% increase over Q3 2022. For the full year 2022, net income was $18.2 million ($2.78 per share) and PPNR was $23.4 million.

The board of directors declared a cash dividend of $0.05 per share that became payable on January 31, 2023 to shareholders of record as of the close of business on January 17, 2023.

Timothy T. O'Dell, President and CEO, commented: "Our business model with boutique delivery continues to resonate with business owners and entrepreneurs located in the metro markets we serve. Over the past 12–15 months, we have successfully doubled the size of our Commercial Banking teams, adding experienced talent mostly coming to us from regional banks.

Great Lake Banker Magazine

Leave a Reply

Your email address will not be published. Required fields are marked *