CF Bankshares (CFBK) investor relations material

Executive summary

• Net income for Q1 2026 was $5.0 million ($0.77 per diluted share), up 13% year-over-year but down from $5.7 million in Q4 2025.

• Pre-provision, pre-tax net revenue (PPNR) was $6.5 million, up 5.4% year-over-year but down from $8.0 million in the prior quarter.

• Core commercial net loan growth was $45 million in Q1, representing a 15% annualized growth rate.

• Book value per common share increased to $28.20 as of March 31, 2026.

Financial highlights

• Net interest income was $13.3 million, up 3% year-over-year but down 7% sequentially.

• Net interest margin (NIM) was 2.69%, up 5bps year-over-year but down 16bps from Q4 2025.

• Noninterest income rose 23% year-over-year to $1.5 million, driven by higher service charges and treasury management fees.

• Noninterest expense increased 4.5% year-over-year to $8.3 million, mainly due to higher advertising and salaries.

• Efficiency ratio was 56.13%, up from 55.94% a year ago.

• Return on average equity (ROE) was 10.74%; return on average assets (ROA) was 0.97%.

Outlook and guidance

• Management expects interest income to benefit from Q1 loan growth starting in Q2 2026.

• Commercial loan and deposit pipelines remain strong, supporting expectations for continued growth.

• Initiatives to increase fee-based income are expected to further lift earnings.

• Loan payoffs are expected to decline, with increased deal flow anticipated from expanded regional teams.