CF Bankshares (CFBK) investor relations material

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.

• 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.

• Net interest margin improved to 2.93%, up 24bps from Q1 2026 and 10bps from Q2 2025.

• Noninterest income totaled $1.7 million, up 14% from Q1 2026 and 8% year-over-year, driven by higher swap and service fees.

• 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.

• Efficiency ratio improved to 50.4% from 56.1% in Q1 2026.

Outlook and guidance

• Management expects continued growth in size and scale, with strong commercial loan pipelines anticipated to further boost core earnings in the second half of 2026.

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

• Expansion of residential mortgage salable loan volumes is expected to contribute additional fee income in the second half of the year.