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0.0117663886295885 0.0117663886295885 0.0117663886295885 0.0117663886295885 0.00725706886687351 0.00725706886687351 0.00725706886687351 0.00725706886687351
Stock impact report

Central Federal Corporation Announces 3rd Quarter 2018 Financial Results

CF Bankshares Inc. (CFBK) 
Company Research Source: PR Newswire
WORTHINGTON/COLUMBUS, Ohio, Nov. 2, 2018 /PRNewswire/ -- Central Federal Corporation (NASDAQ: CFBK) (the "Company") today announced financial results for the third quarter and year to date ended September 30, 2018.Third Quarter HighlightsNet income increased 54% for the quarter, compared to the same quarter in 2017. EPS (fully diluted) increased by 60% for the quarter to $0.24 compared to $0.15 per share during the same quarter in 2017 (adjusted for a 1.0-for-5.5 reverse stock split effective August 20, 2018). Net loans grew by $87.1 million, or 21.4%, year to date. Assets topped $600 million at September 30, 2018. Book value at September 30, 2018 of $10.25 per share is up $0.77 year to date from December 31, 2017. Net interest income grew by 33.6% compared to the same quarter of 2017. Credit quality remains strong, and the ratio of ALLL to total loans is 1.40%.Overview of Results The Company's income before income tax expense for the quarter ended September 30, 2018, totaled $1.3 mil Show less Read more
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