CF Bankshares (CFBK) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $5.9 million ($0.90 per diluted share), up 18% from Q1 2026 and 17% year-over-year, with first half net income at $10.9 million ($1.67 per diluted share), both higher than 2025.

• Total assets reached $2.17 billion at June 30, 2026, up 2.5% from December 31, 2025, driven by a $59.7 million increase in net loans and leases.

• Pre-provision, pre-tax net revenue (PPNR) reached $8.2 million, a 26% increase over Q1 2026 and 5% higher than Q2 2025.

• Return on average equity was 12.31% and return on average assets was 1.11% for Q2 2026.

• Book value per share rose to $29.04 as of June 30, 2026.

Financial highlights

• Net interest income for Q2 2026 was $14.8 million, up 11% sequentially and 6% year-over-year; for the first half, it was $28.2 million, up 4.7%.

• Net interest margin improved to 2.93%, up 24bps from Q1 2026 and 10bps from Q2 2025; for the first half, it was 2.81%, up from 2.74%.

• Provision for credit losses decreased to $944,000 in Q2 2026 from $1.4 million in Q2 2025; for the first half, it was $1.5 million, down from $2.0 million.

• Noninterest income totaled $1.7 million, up 14% from Q1 2026 and 8% year-over-year, and 14.4% for the first half to $3.2 million.

• Noninterest expense was $8.3 million, up 0.3% sequentially and 7.5% year-over-year, mainly due to higher salaries and a branch closure loss; for the first half, it was $16.6 million, up 6.0%.

Outlook and guidance

• Management expects continued growth in size and scale, with strong commercial loan pipelines and expansion of residential mortgage salable loan volumes anticipated to boost core earnings and fee income in the second half of 2026.

• Treasury Management is focused on sourcing low-cost deposits to address net interest margin challenges.

• The company expects to meet its operating and strategic needs with current liquidity and capital resources.