CF Bankshares Inc. (CFBK)

CF Bankshares Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	107.21	97.38	63.72	51.26	41.85	33.78
Interest Income on Investments	10.9	10.9	4.05	1.09	0.54	1.33
Total Interest Income	118.11	108.28	67.76	52.35	42.39	35.1
Interest Paid on Deposits	67.97	56.36	15.95	8.01	11.91	11.68
Interest Paid on Borrowings	4.28	4.28	3.02	2.3	2.67	1.72
Total Interest Expense	72.24	60.64	18.97	10.31	14.58	13.4
Net Interest Income	45.87	47.64	48.79	42.04	27.81	21.7
Net Interest Income Growth (YoY)	-6.48%	-2.36%	16.06%	51.18%	28.15%	21.30%
Gain (Loss) on Sale of Assets	-	-	-	1.89	-	-
Other Non-Interest Income	1.9	2.28	1.07	1.54	0.99	0.4
Total Non-Interest Income	4.76	4.03	3.21	11.64	59.99	11.72
Non-Interest Income Growth (YoY)	30.50%	25.58%	-72.42%	-80.60%	411.89%	331.52%
Revenues Before Loan Losses	50.63	51.67	52	53.68	87.8	33.42
Provision for Loan Losses	6.23	2.32	0.79	-1.6	10.92	-
Revenue	44.4	49.35	51.21	55.28	76.89	33.42
Revenue Growth (YoY)	-12.28%	-3.63%	-7.36%	-28.10%	130.06%	62.19%
Salaries and Employee Benefits	12.77	13.34	14.23	16.24	21.28	10.64
Occupancy Expenses	0.95	0.89	0.88	0.8	0.82	0.65
Federal Deposit Insurance	2.25	2.22	1.13	1.24	0.59	0.53
Selling, General & Administrative	8.6	8.58	8.83	11.99	14.89	8.17
Other Non-Interest Expense	3.61	3.28	2.99	2.18	3.03	1.4
Total Non-Interest Expense	28.19	28.31	28.05	32.44	40.6	21.38
EBT Excluding Unusual Items	16.21	21.05	23.16	22.84	36.28	12.04
Asset Writedown	-0.06	-0.06	-0.57	-0.02	-	-
Pretax Income	16.15	20.99	22.59	22.82	36.28	12.04
Income Tax Expense	2.94	4.05	4.43	4.37	6.68	2.44
Net Income	13.21	16.94	18.16	18.45	29.61	9.6
Preferred Dividends & Other Adjustments	0.25	-	-	-	2.28	0.21
Net Income to Common	12.95	16.94	18.16	18.45	27.33	9.39
Net Income Growth	-23.99%	-6.76%	-1.57%	-37.68%	208.38%	124.69%
Basic Shares Outstanding	6	6	6	7	6	5
Diluted Shares Outstanding	6	6	7	7	6	5
Shares Change (YoY)	-1.68%	-1.34%	-1.73%	8.90%	31.94%	6.56%
EPS (Basic)	2.05	2.64	2.84	2.84	4.53	2.05
EPS (Diluted)	2.04	2.63	2.78	2.77	4.47	2.03
EPS Growth	-24.03%	-5.40%	0.36%	-38.03%	120.20%	103.00%
Dividend Per Share	0.240	0.230	0.180	0.130	0.030	-
Dividend Growth	9.09%	27.78%	38.46%	333.33%	-	-
Effective Tax Rate	18.21%	19.29%	19.60%	19.13%	18.40%	20.26%

Source: S&P Capital IQ. Banks template. Financial Sources.