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Cf Bankshares Inc   (NASDAQ: CFBK)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $24.5100 $-0.20 -0.809%
Day's High: $24.99 Week Perf: 0.62 %
Day's Low: $ 24.34 30 Day Perf: 7.03 %
Volume (M): 11 52 Wk High: $ 31.17
Volume (M$): $ 260 52 Wk Avg: $22.06
Open: $24.99 52 Wk Low: $16.92



 Market Capitalization (Millions $) 153
 Shares Outstanding (Millions) 6
 Employees 35
 Revenues (TTM) (Millions $) 44
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) 4
 Capital Exp. (TTM) (Millions $) 0

Cf Bankshares Inc

Central Federal Corporation, was organized as a Delaware corporation in September 1998 as the holding company for CFBank in connection with CFBank’s conversion from a mutual to stock form of organization. As a savings and loan holding company, we are subject to regulation by the Board of Governors of the Federal Reserve System (the “FRB”). CFBank is a savings institution which was originally organized in 1892, and was formerly known as Central Federal Savings and Loan Association of Wellsville and more recently as Central Federal Bank.

The consolidated financial statements include Central Federal Corporation (the “Holding Company”) and its wholly-owned subsidiary, CFBank (together referred to as the “Company”). Intercompany transactions and balances are eliminated in consolidation.

Central Federal Capital Trust I (the “Trust”), a wholly owned subsidiary of the Holding Company, was formed in 2003 to raise additional funding for the Company. The Holding Company is not considered the primary beneficiary of this trust (variable interest entity) and, therefore, the trust is not consolidated in the Company’s financial statements, but rather the subordinated debentures are shown as a liability.

Currently, the Company does not transact material business other than through CFBank.

CFBank is a community-oriented financial institution offering a variety of financial services to meet the needs of the communities we serve. Our business model emphasizes personalized service, clients’ access to decision makers, solution-driven lending and quick execution, efficient use of technology and the convenience of online internet banking, mobile banking, remote deposit and corporate cash management. We attract retail and business deposits from the general public and use the deposits, together with borrowings and other funds, primarily to originate commercial and commercial real estate loans, single-family and multi-family residential mortgage loans and home equity lines of credit. The majority of our customers are small businesses, small business owners and consumers.

Revenues are derived principally from the generation of interest and fees on loans originated and, to a lesser extent, interest and dividends on securities. Our primary sources of funds are retail and business deposit accounts and certificates of deposit, brokered certificates of deposit and, to a lesser extent, principal and interest payments on loans and securities, Federal Home Loan Bank (FHLB) advances, other borrowings and proceeds from the sale of loans.

Our principal market area for loans and deposits includes the following Ohio counties: Summit County through our office in Fairlawn, Ohio; Franklin County through our office in Worthington, Ohio; Columbiana County through our offices in Calcutta and Wellsville, Ohio; and Cuyahoga County, through our loan production office in Woodmere, Ohio. We originate commercial and residential real estate loans and business loans primarily throughout Ohio.

The types of loans originated are subject to federal and state laws and regulations. Interest rates charged on loans are affected by the demand for such loans, the supply of money available for lending purposes and the rates offered by competitors. In turn, these factors are affected by, among other things, economic conditions, fiscal policies of the federal government, monetary policies of the FRB and legislative tax policies.



   Company Address: 4960 E. Dublin Granville Road Columbus 43081 OH
   Company Phone Number: 334-7979   Stock Exchange / Ticker: NASDAQ CFBK


Customers Net Income fell by CFBK's Customers Net Profit Margin fell to

-14.66 %

10.52 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC   -1.13%    
CASH   -1.37%    
BKU   -0.59%    
BRKL   -1.2%    
FFIN   -2.71%    
TCBI        2.59% 
• View Complete Report
   



Cf Bankshares Inc

CF Bankshares Inc Reports Substantial Decline in First Quarter Revenue for 2024

Cf Bankshares Inc (NASDAQ: CFBI) is facing significant bearish pressure as it recently reported disappointing financial results for its most recent fiscal period. The company experienced a decline in both its top and bottom lines, with earnings per share (EPS) dropping by -30.88% and revenue decreasing by -17.124% year on year.
In the first quarter of 2024, Cf Bankshares Inc's revenue fell to $10.95 million, a sharp contrast to the $13.22 million generated in the same period the previous year. EPS also declined from $0.68 to $0.47, reflecting a worrying trend of declining profitability.

Cf Bankshares Inc

2 Analyzing the Financial Performance and Future Prospects of Cf Bankshares Inc



The stock market can be a highly volatile and unpredictable arena, with various factors affecting the performance of companies. One such company in focus is CF Bankshares Inc (CFBK). In this article, we will delve into the most recent fiscal period of CFBK, highlighting its income, revenue, bottom-line, and other key financial indicators. Additionally, we will discuss analyst recommendations and gain insights into the company's future prospects.
Income and Revenue:
During the latest fiscal period, CFBK experienced a decrease in income, falling by -10.43% from $0.74 to $0.66 per share compared to the previous year. However, when compared to the preceding reporting period, income improved by 6.42% from $0.62 per share. This indicates a positive trend in income growth for the company.

Cf Bankshares Inc

CFBK's Third Quarter Earnings Take a Hit Amidst Revenue Decline



The latest earnings season has revealed a decline in both revenue and bottom-line for Cf Bankshares Inc in the third quarter of 2023. These financial results indicate challenging times for the company, with a decrease in revenue by -15.111% year on year and a -4.62% decline in bottom-line, reaching $0.62 per share. Let's delve into the interesting facts and figures that highlight the company's performance during this period.
Revenue and Earnings Per Share
The revenue of Cf Bankshares Inc dropped from $13.87 million in the third quarter of 2022 to $11.78 million in the same period of 2023, reflecting a -5.437% decrease. This decline is concerning for the company, as it translates to a negative impact on their bottom-line.

Cf Bankshares Inc

Cf Bankshares Inc Faces Double Trouble: Revenue Soars, but Earnings Plummet in Q2 2023

Cf Bankshares Inc's Revenue Advances but Income Faces Demise
In the Jun 30 2023 report, Cf Bankshares Inc witnessed a revenue advance of 0.801%, which unfortunately could not prevent a significant income demise of -8.33% as compared to the same reporting season a year before. Despite generating revenue of $12.45 million and earnings per share (EPS) of $0.66, the company faced a decline of -2.94% in net profit per share from $0.68, while revenue dropped by -5.774% from $13.22 million in the previous reporting season.
The financial interval from April to June 30 2023 saw Cf Bankshares Inc experience a further negative trend, with net earnings declining by -10.64% to $4.223 million compared to $4.726 million in the corresponding period the previous year. In an attempt to counteract this decrease, the company shifted its focus to improving sales during this period, resulting in a net margin easing to 33.91%. However, operating earnings also fell by -10.24% to $5.279 million, causing Cf Bankshares Inc's operating margin to decrease from 47.61% in the second quarter of 2022 to 42.39%.

Cf Bankshares Inc

Cf Bankshares Inc Faces Earnings Decline, But Aims to Turn Around with Alternate Strategies

In the first quarter of 2023, CF Bankshares Inc. experienced a reduction in earnings per share (EPS) despite an 11.802% increase in revenue compared to the same quarter a year ago. The company's profitability decreased by 1.45% to $0.68 per share, with net profit per share decreasing by 7.68% from the previous quarter. Net earnings for the quarter fell by 1.55% from the corresponding period a year before.
The company's focus on improving sales in the first quarter of 2023 resulted in a net margin of 33.66%. However, operating earnings fell 0.34% to $5.524 million, which caused the operating margin to decrease from 46.9% in the first quarter of 2022 to 41.8%.
Going forward, CF Bankshares Inc. may need to reevaluate its strategies to improve profitability and earnings per share. The company should consider implementing measures that boost operating earnings to improve its operating margin. Although revenue growth is impressive, it is imperative to maintain profitability.
The reduction in net earnings is also concerning, and the company needs to figure out a plan to improve this metric. While CF Bankshares Inc. didn't provide further insights on the reason for the decline, the company needs to investigate the cause and address it accordinglyIn conclusion, CF Bankshares Inc. will have to focus on controlling its operating costs while also considering alternative strategies to maintain profitability in the upcoming quarters. The company needs to address the decline in net earnings and work on strategies to improve this metric. With the next financial results due to be reported on August 08, 2023, it will be interesting to see if the company takes corrective action.







Cf Bankshares Inc's Segments





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