CF Bankshares (CFBK) investor relations material

Executive summary

• Net income for Q2 2025 was $5.0 million ($0.77 per diluted share), up 197% year-over-year and 14% sequentially, driven by higher net interest income, lower provision for credit losses, and increased noninterest income, partially offset by higher noninterest expense.

• For the six months ended June 30, 2025, net income was $9.5 million ($1.45 per diluted share), compared to $4.8 million ($0.74 per share) for the same period in 2024.

• Pre-provision, pre-tax net revenue (PPNR) was $7.8 million, up 42% year-over-year and 27% sequentially.

• Book value per share increased to $26.63 as of June 30, 2025.

• Board declared a $0.08 per share cash dividend on common stock and $8.00 per share on Series D Preferred Stock, paid July 21, 2025.

Financial highlights

• Total assets reached $2.13 billion at June 30, 2025, up 3.3% from December 31, 2024, mainly due to increases in cash, deposits, and net loans and leases.

• Net loans and leases grew 1.9% to $1.75 billion, led by commercial and multi-family real estate loans.

• Deposits increased 3.1% to $1.81 billion, with both interest-bearing and noninterest-bearing accounts contributing.

• Net interest income for Q2 2025 was $14.0 million, up 23% year-over-year and 8.5% sequentially; net interest margin improved to 2.83%.

• Noninterest income for Q2 2025 was $1.6 million, up 30% year-over-year and 31% sequentially, mainly from swap fees, mortgage gains, and service charges.

Outlook and guidance

• Management continues to monitor capital levels and liquidity, with sufficient resources to support growth and meet obligations.

• The company is focused on scaling commercial banking, improving loan and customer mix, and lowering cost of funds.

• Strategic objectives include expanding regional teams and emphasizing growth in salable home mortgage loans.

• Forward-looking statements caution that actual results may differ due to various risks and uncertainties.