CF Bankshares Inc., the parent company of CFBank, National Association, reported financial results for the third quarter ended September 30, 2026. The company announced net income of $6.0 million for the period, which translates to $0.91 per diluted common share. This figure includes $551,000 in provision expense. Pre-provision, pre-tax net revenue (PPNR) for the quarter was $7.9 million.
Return on average equity (ROE) for Q3 2026 was 12.22%, while return on average assets (ROA) was 1.14%. The company's net interest margin (NIM) was 2.96%, an increase of 3 basis points compared to the prior quarter and 20 basis points compared to the same period in 2025. Net interest income totaled $14.9 million for the quarter.
Commercial lending activity showed significant growth. Commercial loan fundings totaled $79 million in Q3, resulting in net commercial loan growth of $42 million for the quarter. Year-to-date commercial loan fundings have reached $357 million, with net growth of $129 million. Customer fees, including Treasury Management products and services, increased 8% compared to the prior quarter and 32% year-to-date compared to 2025.
Asset quality metrics were reported as follows: nonaccrual loans totaled $20.4 million, or 1.10% of total loans. Loans 30 days or more past due totaled $30.8 million. The allowance for credit losses on loans and leases was $19.0 million, representing a ratio of 1.03% to total loans and leases. Net charge-offs for the quarter totaled $966,000.
Deposits increased to $1.9 billion as of September 30, 2026, an increase of $28.5 million from the prior quarter. Approximately 31.2% of deposit balances exceeded the FDIC insurance limit of $250,000. The company's capital position remains strong, with a Tier 1 Leverage Ratio of 11.99% and a Total Capital Ratio of 14.69%. Book value per share increased to $29.83 as of September 30, 2026, representing a 10.5% increase year-over-year.
On October 1, 2026, the Board of Directors declared a cash dividend of $0.09 per share on the Common Stock, which was paid on October 20, 2026, to shareholders of record as of October 12, 2026.
