CF Bankshares Q3 2026 Earnings: Net Income Rises to $6 Million

CF Bankshares Inc. (NASDAQ:CFBK), the Columbus, Ohio-based bank holding company, filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 6, 2026, reporting a significant increase in net income and continued growth in total assets.

Key Highlights

  • Net income of $6.033 million for the three months ended September 30, 2026, compared to $2.340 million for the same period in 2025, according to the filing.
  • Net interest income of $14.949 million for Q3 2026, up from $13.790 million in Q3 2025, as reported in the consolidated statements of income.
  • Total assets reached $2.212 billion as of September 30, 2026, rising from $2.117 billion at December 31, 2025.
  • Net loans and leases of $1.838 billion as of September 30, 2026, net of an allowance for credit losses of $19.045 million.
  • Basic earnings per common share of $0.92 for the three months ended September 30, 2026, compared to $0.36 for the same quarter of 2025.
  • Total deposits of $1.857 billion at September 30, 2026, an increase from $1.781 billion at December 31, 2025.
  • 6,689,655 shares of voting common stock outstanding as of November 1, 2026, per the cover page of the filing.

CF Bankshares Reports Broad Income and Balance Sheet Growth Through Third Quarter 2026

According to the filing, CF Bankshares, which operates through its bank subsidiary and is headquartered at 4960 E. Dublin Granville Road, Suite 400, Columbus, Ohio, reported nine-month net income of $16.969 million for the period ended September 30, 2026, compared to $11.805 million for the same period in 2025. The company disclosed total interest and dividend income of $30.114 million for Q3 2026, slightly below the $30.369 million recorded in Q3 2025, while total interest expense declined to $15.165 million from $16.579 million in the prior-year quarter, contributing to the year-over-year improvement in net interest income.

The provision for credit losses fell sharply on a quarterly basis. The filing states that total provision for credit losses was $551 thousand for the three months ended September 30, 2026, compared to $5.069 million in the same period of 2025. For the nine months ended September 30, 2026, the total provision was $2.099 million versus $7.078 million in the prior-year period. Noninterest income for Q3 2026 was $1.759 million, compared to $1.718 million in Q3 2025, with service charges on deposit accounts rising to $988 thousand from $696 thousand. Total noninterest expense for the quarter was $8.764 million, up from $7.726 million in Q3 2025, with salaries and employee benefits increasing to $4.551 million from $3.800 million.

On the balance sheet, the filing shows total stockholders' equity of $199.534 million as of September 30, 2026, compared to $184.426 million at December 31, 2025. Retained earnings grew to $119.095 million from $103.883 million over the same period. The company reported voting common stock shares issued of 7,167,338 at September 30, 2026, an increase from 6,800,762 at December 31, 2025. Series D preferred stock, which carried 2,000 shares issued at December 31, 2025, showed zero shares issued at September 30, 2026, according to the balance sheet.

What Was Disclosed

CF Bankshares filed its quarterly report for the period ended September 30, 2026, disclosing Q3 net income of $6.033 million, total assets of $2.212 billion, net loans and leases of $1.838 billion, and basic earnings per common share of $0.92, alongside changes in its preferred and common stock structure.