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Stock impact report

CF BANKSHARES INC., PARENT OF CFBANK NA, REPORTS RESULTS FOR THE 4TH QUARTER AND FULL YEAR 2023.

CF Bankshares Inc. (CFBK) 
Company Research Source: PR Newswire
COLUMBUS, Ohio, Feb. 7, 2024 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, National Association ("CFBank"), today announced financial results for the fourth quarter and the full year ended December 31, 2023.Fourth Quarter and Full Year 2023 HighlightsNet Income was $4.2 million ($0.65 per diluted common share) for the fourth quarter and $16.9 million ($2.63 per diluted common share) for the year ended December 31, 2023.  Pre-provision, pre-tax net revenue ("PPNR") for the fourth quarter of 2023 was $6.0 million.  PPNR for the year ended December 31, 2023 was $23.3 million.For the fourth quarter of 2023, Return on Average Equity (ROE) was 11.02% and PPNR ROE was 15.72%, while Return on Average Assets (ROA) was 0.84% and PPNR ROA was 1.19%.Assets topped $2 billion at December 31, 2023.Noninterest-bearing deposits increased $21.6 million, or 10.1%, during the fourth quarter of 2023.Book value per share increased to $23.74 as of December 31, 2023 Show less Read more
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