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CF Bankshares Inc. operates as the bank holding company for CFBank, National Association that provides various banking products and services. It accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. The company also offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans and equipment leases; residential real estate loans and treasury management depository services; construction loans; and full-service commercial and retail banking services and products. In addition, it provides 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. Further, the company offers online and internet banking, mobile banking, and remote deposits. 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 headquartered in Columbus, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $60M | - | $18M | $18M | 9.5% | 19.1% | 31.0% |
| 2024 | $50M | - | $13M | $14M | 7.9% | -1.2% | -21.0% |
| 2023 | $51M | - | $17M | $17M | 10.9% | -0.5% | -6.8% |
| 2022 | $51M | - | $18M | $39M | 13.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 51.31 | 51.05 | 50.42 | 60.03 |
| Pretax Income | 22.59 | 20.98 | 16.14 | 21.53 |
| Tax Provision | 4.43 | 4.05 | 2.76 | 3.99 |
| Net Income | 18.16 | 16.94 | 13.39 | 17.54 |
| Net Income Common Stockholders | 18.16 | 16.94 | 13.03 | 17 |
| Interest Expense | 18.97 | 60.64 | 71.75 | 64.97 |
| Interest Income | 67.42 | 107.69 | 117.71 | 119.37 |
| Selling General And Administration | 17.50 | 17.93 | 17.16 | 19.08 |
| Normalized Income | 18.62 | 16.99 | 13.43 | 17.54 |
| Basic EPS | 2.84 | 2.64 | 2.08 | 0 |
| Diluted EPS | 2.78 | 2.63 | 2.06 | 0 |
| Tax Effect Of Unusual Items | -0.11 | -0.01 | -0.01 | 0 |
| Tax Rate For Calcs | 0.20 | 0.19 | 0.17 | 0.19 |
| Total Unusual Items | -0.57 | -0.06 | -0.06 | 0 |
| Total Unusual Items Excluding Goodwill | -0.57 | -0.06 | -0.06 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 18.16 | 16.94 | 13.39 | 17.54 |
| Reconciled Depreciation | 0.50 | 0.57 | 0.49 | 0.48 |
| Net Interest Income | 48.44 | 47.05 | 45.97 | 54.39 |
| Net Income From Continuing And Discontinued Operation | 18.16 | 16.94 | 13.39 | 17.54 |
| Diluted Average Shares | 6.54 | 6.45 | 6.31 | 0 |
| Basic Average Shares | 6.40 | 6.42 | 6.27 | 0 |
| Diluted NI Availto Com Stockholders | 18.16 | 16.94 | 13.03 | 17 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0.36 | 0.54 |
| Net Income Including Noncontrolling Interests | 18.16 | 16.94 | 13.39 | 17.54 |
| Net Income Continuous Operations | 18.16 | 16.94 | 13.39 | 17.54 |
| Special Income Charges | -0.57 | -0.06 | -0.06 | 0 |
| Impairment Of Capital Assets | 0.57 | 0.06 | 0.06 | 0 |
| Gain On Sale Of Security | 0 | 0 | 0 | -0.10 |
| Depreciation Amortization Depletion Income Statement | 0.50 | 0.57 | 0.49 | 0.48 |
| Depreciation And Amortization In Income Statement | 0.50 | 0.57 | 0.49 | 0.48 |
| Depreciation Income Statement | 0.50 | 0.57 | 0.49 | 0.48 |
| Selling And Marketing Expense | 0.43 | 0.34 | 0.13 | 0.42 |
| General And Administrative Expense | 17.06 | 17.59 | 17.02 | 18.66 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 1.31 | 2.42 | 2.28 | 2.25 |
| Salaries And Wages | 15.76 | 15.17 | 14.75 | 16.41 |
| Operating Revenue | 51.31 | 51.05 | 50.42 | 60.03 |
| Occupancy And Equipment | 1.25 | 1.69 | 1.82 | 1.76 |
| Professional Expense And Contract Services Expense | 2.76 | 2.47 | 2.73 | 3.16 |
| Other Non Interest Expense | 5.36 | 5.03 | 5.29 | 5.79 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CF Bankshares Inc.this co. | CFBK | $191M | 10.90↓ discount | 1.02 | 9.5% | - |
| Citizens Community Bancorp, Inc. | CZWI | $201M | 13.61 | 1.65 | 7.7% | - |
| Octave Specialty Group, Inc. | OSG | $199M | - | 0.28 | -24.1% | -35.44 |
| Consumer Portfolio Services, Inc. | CPSS | $198M | 11.40 | 0.64 | 6.2% | - |
| First Internet Bancorp | INBK |
| $197M |
| - |
| 0.55 |
| -9.8% |
| - |
| CPI Card Group Inc. | PMTS | $194M | 13.55 | -11.20 | -86.3% | 6.60 |
| FB Bancorp, Inc. | FBLA | $193M | 63.86 | 0.74 | 0.4% | - |
| CB Financial Services, Inc. | CBFV | $182M | 27.60 | 1.15 | 3.1% | - |
| Eagle Bancorp Montana, Inc. | EBMT | $181M | 11.38 | 0.93 | 7.7% | - |
| Peer Median | - | 13.58 | 0.69 | 1.8% | -14.42 | |