CF Bankshares (CFBK) investor relations material

Executive summary

• Net income for Q1 2026 was $5.0 million ($0.77 per diluted share), up from $4.4 million in Q1 2025 and 13% higher year-over-year, but down from $5.7 million in Q4 2025, driven by higher net interest and noninterest income, partially offset by increased noninterest expense.

• Total assets reached $2.15 billion as of March 31, 2026, a 1.3% increase from December 31, 2025, mainly due to growth in loans and cash balances.

• The company remains well-capitalized under regulatory standards, with strong liquidity and capital positions.

• Pre-provision, pre-tax net revenue (PPNR) was $6.5 million, up 5.4% year-over-year but down from $8.0 million in the prior quarter.

• Book value per common share increased to $28.20 as of March 31, 2026.

Financial highlights

• Net interest income was $13.3 million, up 3.2% year-over-year but down 7% sequentially, as lower interest expense offset a decline in interest income.

• Noninterest income increased 23.3% year-over-year to $1.5 million, mainly from higher service charges and treasury management fees.

• Noninterest expense grew 4.5% year-over-year to $8.3 million, primarily due to higher advertising, marketing, and salaries.

• Provision for credit losses was $604,000, up slightly from $582,000 in Q1 2025.

• Diluted EPS was $0.77, up from $0.68 year-over-year.

• Efficiency ratio was 56.13%, up from 55.94% a year ago.

• Return on average equity (ROE) was 10.74%; return on average assets (ROA) was 0.97%.

Outlook and guidance

• Management expects interest income to benefit from Q1 loan growth starting in Q2 2026.

• Commercial loan and deposit pipelines remain strong, supporting expectations for continued growth.

• Initiatives to increase fee-based income are expected to further lift earnings.

• Management continues to monitor credit quality and capital levels, with a focus on growing capital through earnings.

• The company expects to maintain sufficient liquidity and capital to support ongoing operations and potential growth.