CF Bankshares Inc. (CFBK) 10-Year Financial Performance & Capital Metrics

CFBK • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutCF Bankshares Inc. operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. It also offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans; construction and land loans; and consumer loans, such as home equity lines of credit, home improvement loans, and loans secured by deposits and purchased loans, as well as other loans. In addition, the company provides Internet and mobile banking, remote deposit, and treasury management depository services. As of December 31, 2021, it operated five branch offices located in Franklin, Cuyahoga, Hamilton, and Summit counties, Ohio; and a loan production office located in Franklin County, Ohio. The company was formerly known as Central Federal Corporation and changed its name to CF Bankshares Inc. in July 2020. CF Bankshares Inc. was founded in 1892 and is based in Worthington, Ohio.Show more

Net Interest Income $46M -2.3%
Total Revenue $122M +9.4%
Net Income $13M -21.0%
Return on Equity 8.27% -28.1%
Net Interest Margin 2.23% -2.6%
Efficiency Ratio 22.54% -9.3%
ROA 0.65% -25.7%
Equity / Assets 8.15% +8.0%
Book Value per Share 26.70 +10.8%
Tangible BV/Share 26.70 +10.8%
Debt/Equity 0.68 -19.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 22.5% efficiency ratio
✓Share count reduced 2.1% through buybacks
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y26.1%

5Y21.26%

3Y24.28%

TTM-

Profit (Net Income) CAGR

10Y39.52%

5Y6.87%

3Y-10.15%

TTM37.61%

EPS CAGR

10Y58.88%

5Y0.29%

3Y-9.4%

TTM39%

ROCE

10Y Avg7.62%

5Y Avg8.94%

3Y Avg7.12%

Latest5.17%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	9.72M	11.23M	13.52M	17.69M	21.49M	27.61M	41.8M	48.44M	47.05M	45.97M
NII Growth %	0.12%	0.16%	0.2%	0.31%	0.21%	0.28%	0.51%	0.16%	-0.03%	-0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	12.33M	14.33M	17.05M	24.69M	34.9M	42.19M	52.11M	67.42M	107.69M	117.71M
Interest Expense	2.61M	3.1M	3.53M	7M	13.4M	14.58M	10.31M	18.97M	60.64M	71.75M
Loan Loss Provision	250K	230K	0	0	0	10.91M	-1.6M	787K	2.32M	6.74M
Non-Interest Income+	1.22M	1.11M	727K	2.8M	11.7M	59.89M	11.52M	2.86M	4M	4.45M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	13.55M	15.45M	17.78M	27.49M	46.59M	102.08M	63.64M	70.28M	111.69M	122.16M
Revenue Growth %	0.13%	0.14%	0.15%	0.55%	0.7%	1.19%	-0.38%	0.1%	0.59%	0.09%
Non-Interest Expense	9.4M	9.68M	10.79M	15.16M	21.15M	40.3M	32.11M	27.93M	27.75M	27.54M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	1.28M	2.44M	3.46M	5.33M	12.04M	36.28M	22.82M	22.59M	20.98M	16.14M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	1.68%	0.9%	0.42%	0.54%	1.26%	2.01%	-0.37%	-0.01%	-0.07%	-0.23%
Pretax Income+	1.28M	2.44M	3.46M	5.33M	12.04M	36.28M	22.82M	22.59M	20.98M	16.14M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-3.19M	810K	2.12M	1.06M	2.44M	6.67M	4.37M	4.43M	4.05M	2.76M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	4.48M	1.63M	1.35M	4.27M	9.6M	29.61M	18.45M	18.16M	16.94M	13.39M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	8.35%	-0.64%	-0.17%	2.17%	1.25%	2.08%	-0.38%	-0.02%	-0.07%	-0.21%
Net Income (Continuing)	4.48M	1.63M	1.35M	4.27M	9.6M	29.61M	18.45M	18.16M	16.94M	13.39M
EPS (Diluted)+	1.10	0.28	0.22	1.00	2.03	4.47	2.77	2.78	2.63	2.06
EPS Growth %	53.73%	-0.75%	-0.21%	3.55%	1.03%	1.2%	-0.38%	0%	-0.05%	-0.22%
EPS (Basic)	1.27	0.28	0.22	1.02	2.05	4.53	2.84	2.84	2.64	2.08
Diluted Shares Outstanding	4.13M	2.92M	3.51M	4.34M	4.63M	6.11M	6.65M	6.54M	6.45M	6.31M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	25.89M	57.67M	45.6M	67.4M	45.98M	221.69M	166.69M	151.89M	261.69M	235.37M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	307.32M	363M	419.3M	578.18M	807.19M	1.19B	1.26B	1.57B	1.7B	1.73B
Investments Growth %	0.13%	0.18%	0.16%	0.38%	0.4%	0.48%	0.06%	0.24%	0.08%	0.02%
Long-Term Investments	297.95M	348.94M	407.53M	568.07M	799.01M	1.18B	1.25B	1.56B	1.69B	1.72B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	3.61M	3.43M	3.53M	3.86M	5.77M	5.12M	7.79M	5.13M	9.03M	9.62M
Other Assets	8.38M	7.08M	8.29M	8.72M	9.35M	23.34M	33.06M	72.94M	78.81M	82.2M
Total Current Assets	41.36M	76.67M	62.07M	84.38M	66.41M	265.03M	207.6M	183.1M	283.28M	251.74M
Total Non-Current Assets	309.94M	359.44M	419.36M	580.65M	814.14M	1.21B	1.29B	1.64B	1.78B	1.81B
Total Assets+	351.29M	436.11M	481.43M	665.02M	880.54M	1.48B	1.5B	1.82B	2.06B	2.07B
Asset Growth %	0.11%	0.24%	0.1%	0.38%	0.32%	0.68%	0.01%	0.22%	0.13%	0%
Return on Assets (ROA)	0.01%	0%	0%	0.01%	0.01%	0.03%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	2.2M	2.39M	2.99M	4.59M	6.85M	21.88M	14.51M	23.67M	0	0
Total Debt+	19.66M	18.66M	18.66M	34.27M	45.78M	230.8M	106.64M	125.82M	130.26M	113.91M
Net Debt	-6.24M	-39.39M	-26.94M	-33.14M	-196K	9.11M	-60.05M	-26.07M	-131.44M	-121.46M
Long-Term Debt	19.66M	18.66M	18.66M	34.27M	43.82M	229.27M	104.61M	124.38M	124.96M	107.68M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	656K	408K	489K	827K	929K	1.03M	2.75M	3.51M	28.93M	27.38M
Total Current Liabilities	292.67M	377.76M	422.02M	584.37M	753.17M	1.13B	1.26B	1.55B	1.74B	1.76B
Total Non-Current Liabilities	20.31M	19.06M	19.14M	35.09M	46.71M	231.83M	109.39M	129.33M	159.18M	141.29M
Total Liabilities	312.98M	396.82M	441.16M	619.47M	799.88M	1.37B	1.37B	1.68B	1.9B	1.9B
Total Equity+	38.31M	39.29M	40.26M	45.56M	80.66M	110.21M	125.33M	139.25M	155.37M	168.44M
Equity Growth %	0.11%	0.03%	0.02%	0.13%	0.77%	0.37%	0.14%	0.11%	0.12%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.12%	0.04%	0.03%	0.1%	0.15%	0.31%	0.16%	0.14%	0.11%	0.08%
Book Value per Share	9.27	13.46	11.48	10.49	17.43	18.05	18.85	21.31	24.10	26.70
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	161K	164K	43K	44K	54K	67K	68K	69K	70K	68K
Additional Paid-in Capital	59.94M	60.16M	60.68M	61.71M	86.9M	87.64M	88.53M	89.81M	91.07M	92.22M
Retained Earnings	-18.54M	-17.77M	-17.09M	-12.75M	-2.93M	26.48M	44.08M	61.09M	76.52M	88.29M
Accumulated OCI	-9K	2K	-47K	-73K	28K	96K	-170K	-2.04M	-2.29M	-1.8M
Treasury Stock	-3.25M	-3.27M	-3.32M	-3.37M	-3.39M	-4.07M	-7.18M	-9.69M	-9.99M	-10.34M
Preferred Stock	5K	5K	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.1M	1.79M	3.95M	-11.81M	-103.54M	-123.47M	253.3M	39.76M	18.05M	14.19M
Operating CF Growth %	3.84%	-0.65%	1.2%	-3.99%	-7.77%	-0.19%	3.05%	-0.84%	-0.55%	-0.21%
Net Income	4.48M	1.63M	1.35M	4.27M	9.6M	29.61M	18.45M	18.16M	16.94M	13.39M
Depreciation & Amortization	211K	211K	208K	248K	316K	381K	435K	496K	567K	486K
Deferred Taxes	-3.25M	623K	982K	85K	-187K	-3.04M	773K	215K	456K	-365K
Other Non-Cash Items	3.02M	-1.88M	1.47M	-16.41M	-111.72M	-147.17M	230.23M	25.43M	-594K	3.55M
Working Capital Changes	488K	1.09M	-299K	-385K	-2.08M	-3.95M	2.71M	-5.44M	-487K	-4.02M
Cash from Investing+	-39.05M	-52.6M	-59.38M	-143.77M	-111.4M	-259.75M	-316.73M	-353.32M	-121.85M	-32.99M
Purchase of Investments	-4.57M	-5.98M	-1.79M	-2.22M	-2.76M	-13.39M	-14.57M	0	-1.2M	-2.15M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-39.94M	-47.83M	-59.96M	-144.28M	-111.87M	-251.66M	-304.98M	-355.93M	-122M	-32.78M
Cash from Financing+	31.63M	82.85M	42.98M	177.38M	193.51M	558.93M	8.42M	298.75M	213.61M	-7.52M
Dividends Paid	-750K	-750K	-750K	0	0	-195K	-848K	-1.15M	-1.48M	-1.61M
Share Repurchases	0	-30K	-49K	-42K	-23K	-680K	-3.11M	-2.51M	-299K	-352K
Stock Issued	0	0	0	0	9.64M	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	-1000K	0	1000K	1000K	1000K	-1000K	1000K	500K	-1000K
Other Financing	32.38M	84.63M	43.78M	161.81M	167.9M	366.88M	137.08M	282.72M	214.88M	11.8M
Net Change in Cash+	-2.31M	32.05M	-12.44M	21.81M	-21.43M	175.72M	-55M	-14.8M	109.81M	-26.32M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	28.21M	25.89M	57.94M	45.5M	67.3M	45.88M	221.59M	166.59M	151.79M	261.6M
Cash at End	25.89M	57.94M	45.5M	67.3M	45.88M	221.59M	166.59M	151.79M	261.6M	235.27M
Interest Paid	2.61M	3.06M	3.53M	6.84M	13.43M	14.3M	10.58M	18.36M	58.8M	72.17M
Income Taxes Paid	0	70K	1.23M	968K	2.51M	10.3M	3.85M	2.45M	3.98M	664K
Free Cash Flow+	5.06M	1.75M	3.64M	-12.42M	-103.98M	-123.85M	250.34M	38.86M	17.39M	13.92M
FCF Growth %	7.51%	-0.65%	1.09%	-4.41%	-7.37%	-0.19%	3.02%	-0.84%	-0.55%	-0.2%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.3%	4.19%	3.38%	9.96%	15.21%	31.02%	15.67%	13.73%	11.5%	8.27%
Return on Assets (ROA)	1.34%	0.41%	0.29%	0.75%	1.24%	2.51%	1.24%	1.1%	0.87%	0.65%
Net Interest Margin	2.77%	2.58%	2.81%	2.66%	2.44%	1.87%	2.8%	2.66%	2.29%	2.23%
Efficiency Ratio	69.42%	62.69%	60.66%	55.15%	45.39%	39.48%	50.46%	39.74%	24.85%	22.54%
Equity / Assets	10.91%	9.01%	8.36%	6.85%	9.16%	7.46%	8.38%	7.65%	7.55%	8.15%
Book Value / Share	9.27	13.46	11.48	10.49	17.43	18.05	18.85	21.31	24.1	26.7
NII Growth	12.44%	15.6%	20.33%	30.88%	21.48%	28.46%	51.42%	15.88%	-2.88%	-2.29%
Dividend Payout	-	-	-	-	-	0.66%	4.6%	6.35%	8.71%	12.06%

Frequently Asked Questions

Valuation & Price

CF Bankshares Inc. (CFBK) has a price-to-earnings (P/E) ratio of 13.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

CF Bankshares Inc. (CFBK) grew revenue by 9.4% over the past year. This is steady growth.

Yes, CF Bankshares Inc. (CFBK) is profitable, generating $17.9M in net income for fiscal year 2024 (11.0% net margin).

Dividend & Returns

Yes, CF Bankshares Inc. (CFBK) pays a dividend with a yield of 0.91%. This makes it attractive for income-focused investors.

CF Bankshares Inc. (CFBK) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.

Industry Metrics

CF Bankshares Inc. (CFBK) has a net interest margin (NIM) of 2.2%. NIM has been under pressure due to interest rate environment.

CF Bankshares Inc. (CFBK) has an efficiency ratio of 22.5%. This is excellent, indicating strong cost control.

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