CF Bankshares Inc. (CFBK)

CF Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	106.75	97.38	63.72	51.26	41.85
Interest Income on Investments	11.64	10.9	4.05	1.09	0.54
Total Interest Income	118.39	108.28	67.76	52.35	42.39
Interest Paid on Deposits	67.16	56.36	15.95	8.01	11.91
Interest Paid on Borrowings	4.59	4.28	3.02	2.3	2.67
Total Interest Expense	71.75	60.64	18.97	10.31	14.58
Net Interest Income	46.64	47.64	48.79	42.04	27.81
Net Interest Income Growth (YoY)	-2.09%	-2.36%	16.06%	51.18%	28.15%
Gain (Loss) on Sale of Assets	-	-	-	1.89	-
Other Non-Interest Income	1.99	2.28	1.07	1.54	0.99
Total Non-Interest Income	5.18	4.03	3.21	11.64	59.99
Non-Interest Income Growth (YoY)	28.38%	25.58%	-72.42%	-80.60%	411.89%
Revenues Before Loan Losses	51.82	51.67	52	53.68	87.8
Provision for Loan Losses	6.74	2.32	0.79	-1.6	10.92
Revenue	45.08	49.35	51.21	55.28	76.89
Revenue Growth (YoY)	-8.66%	-3.63%	-7.36%	-28.10%	130.06%
Salaries and Employee Benefits	13.02	13.34	14.23	16.24	21.28
Occupancy Expenses	0.74	0.89	0.88	0.8	0.82
Federal Deposit Insurance	2.08	2.22	1.13	1.24	0.59
Selling, General & Administrative	9.09	8.58	8.83	11.99	14.89
Other Non-Interest Expense	3.96	3.28	2.99	2.18	3.03
Total Non-Interest Expense	28.88	28.31	28.05	32.44	40.6
EBT Excluding Unusual Items	16.2	21.05	23.16	22.84	36.28
Asset Writedown	-0.06	-0.06	-0.57	-0.02	-
Pretax Income	16.14	20.99	22.59	22.82	36.28
Income Tax Expense	2.76	4.05	4.43	4.37	6.68
Net Income	13.39	16.94	18.16	18.45	29.61
Preferred Dividends & Other Adjustments	0.36	-	-	-	2.28
Net Income to Common	13.03	16.94	18.16	18.45	27.33
Net Income Growth	-20.96%	-6.75%	-1.57%	-37.68%	208.38%
Basic Shares Outstanding	6	6	6	7	6
Diluted Shares Outstanding	6	6	7	7	6
Shares Change (YoY)	-2.15%	-1.34%	-1.73%	8.90%	31.94%
EPS (Basic)	2.08	2.64	2.84	2.84	4.53
EPS (Diluted)	2.06	2.63	2.78	2.77	4.47
EPS Growth	-21.67%	-5.40%	0.36%	-38.03%	120.20%
Dividend Per Share	0.250	0.230	0.180	0.130	0.030
Dividend Growth	8.70%	27.78%	38.46%	333.33%	-
Effective Tax Rate	17.08%	19.29%	19.60%	19.13%	18.40%

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q