CF Bankshares Inc. (NASDAQ:CFBK) released its third-quarter 2026 earnings on October 27, 2026, reporting net income of $6.0 million and a net interest margin expansion to 2.96% for the three months ended September 30, 2026.

Key Highlights

  • Net income of $6.0 million ($0.91 per diluted common share) for Q3 2026, compared to $5.9 million ($0.90 per diluted common share) in Q2 2026 and $2.3 million ($0.36 per diluted common share) in Q3 2025.
  • Net Interest Margin of 2.96% for Q3 2026, up 3 basis points from the prior quarter and up 20 basis points from Q3 2025.
  • Commercial loan fundings of $79 million in Q3 2026, resulting in net commercial loan growth of $42 million for the quarter; year-to-date fundings totaled $357 million.
  • Book value per share rose to $29.83 as of September 30, 2026, a 10.5% increase year-over-year.
  • Tier 1 Leverage Ratio of 11.99% and Total Capital Ratio of 14.69%, according to the filing.
  • Cash dividend of $0.09 per share declared October 1, 2026, paid October 20, 2026 to shareholders of record as of October 12, 2026.
  • Nine-month net income of $17.0 million ($2.59 per diluted common share), compared to $11.8 million ($1.81 per diluted common share) for the same period in 2025.

CF Bankshares Reports Q3 2026 Earnings Growth and Loan Portfolio Expansion

According to the filing, CF Bankshares Inc. (NASDAQ:CFBK) reported net income of $6.0 million for the three months ended September 30, 2026, which the company disclosed included $551,000 of provision expense. Pre-provision, pre-tax net revenue (PPNR) for the quarter was $7.9 million, compared to $8.2 million in the prior quarter and $7.8 million in Q3 2025. Return on Average Equity was 12.22% and Return on Average Assets was 1.14% for the quarter, the company reported.

The filing attributed the quarter-over-quarter increase in net interest income, which totaled $14.9 million, to a $92,000 increase in interest income and a $13,000 decrease in interest expense. The year-over-year improvement in net interest income reflected a $1.4 million decrease in interest expense, the company disclosed. Noninterest income totaled $1.8 million for Q3 2026, up $58,000, or 3.4%, from the prior quarter. Noninterest expense totaled $8.8 million, an increase of $426,000, or 5.1%, from Q2 2026, which the filing said was driven by a $264,000 increase in recruiting expenses, including $111,000 in signing bonuses and $198,000 in recruiting fees related to commercial banking team expansion.

Gross loans and leases totaled $1.9 billion at September 30, 2026, according to the filing, an increase of $39.3 million, or 2.2%, from the prior quarter and $100.8 million, or 5.7%, from December 31, 2025. Customer fees, including treasury management products and services, increased $71,000, or 8%, from the prior quarter and increased $660,000, or 32%, year-to-date in 2026 compared to the same period in 2025, the company reported. Income tax expense was $1.4 million for Q3 2026, reflecting an effective tax rate of 18.4%, the filing stated.

What Was Disclosed

CF Bankshares disclosed Q3 2026 financial results showing net income of $6.0 million, NIM of 2.96%, gross loans and leases of $1.9 billion, a book value per share of $29.83, and a cash dividend of $0.09 per share paid on October 20, 2026.