CF Bankshares Inc. reported third‑quarter 2025 earnings with net income of $2.3 million ($0.36 per diluted share), a decline from $5.0 million ($0.77) in the second quarter. The drop was largely driven by a $7 million charge‑off of a non‑customer loan and a $3.7 million increase in the provision for credit losses.
Net interest income for the quarter was $13.8 million, down 1.5 % from $14.0 million in Q2. Net interest margin fell 7 basis points to 2.76 % from 2.83 % in Q2, but improved 35 basis points versus Q3 2024, reflecting a modest rise in interest income offset by higher interest expense.
Credit‑quality metrics remained solid: delinquencies were 0.32 % of total loans and non‑performing assets were 0.57 % of total loans. The provision for credit losses rose to $5.1 million, and net charge‑offs totaled $7.1 million for the quarter. Deposits stood at $1.78 billion, a 1.7 % decline from Q2 but a 1.3 % increase from the end of 2024. Capital ratios were strong, with a Tier 1 leverage ratio of 11.19 % and a total capital ratio of 14.88 %, supported by a $10 million Tier 1 capital injection during the quarter.
The $7 million charge‑off was a full write‑off of a non‑customer loan that had been investment‑grade rated when purchased. Management cited recent declines in potential asset realization values as the reason for the write‑off. Despite this isolated event, credit quality metrics improved, with nonaccrual loans down 40 % and total delinquencies down 63 % versus June 30 2025. CF Bankshares continues to focus on scaling its commercial banking operations, improving its loan and customer mix, and strengthening its regional market leadership.
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