CF Bankshares Inc. (NASDAQ: CFBK) increased its quarterly cash dividend to $0.09 per share for common stock and $9.00 per share for Series D preferred stock, a 13% rise from the prior $0.08 dividend. The dividend will be paid on January 26, 2026 to shareholders of record as of January 15, 2026.
The increase follows a strong earnings performance in the fourth quarter of 2024, when the bank reported net income of $4.4 million, or $0.68 per diluted share, and revenue growth of 14.25%. The company’s consistent earnings momentum, combined with a solid balance sheet, underpins management’s confidence in sustaining dividend growth.
President and CEO Timothy T. O’Dell said the dividend hike “reflects our confidence in the company’s ongoing earnings strength and our commitment to returning value to shareholders.” The announcement also notes that the stock repurchase program has been extended through August 15, 2026, and that board member Sundeep Rana has resigned.
CF Bankshares is the parent of CFBank, NA, a nationally chartered commercial bank that serves closely held businesses and entrepreneurs across five major metropolitan markets in Ohio and Indiana. Since its recapitalization in 2012, the bank has focused on commercial lending, equipment leasing, real‑estate financing, treasury services, residential mortgages, and retail banking.
The dividend increase marks the sixth consecutive year of growth, reinforcing the bank’s track record of steady shareholder returns and a low P/E ratio of 9.9 relative to its earnings growth prospects. The move signals management’s continued confidence in the bank’s business model and its ability to generate sustainable cash flow.
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