CF Bankshares (CFBK)
Market Price (11/6/2026): $34.53 | Market Cap: $233.6 MilSector: Financials | Industry: Regional Banks
CF Bankshares (CFBK)
Market Price (11/6/2026): $34.53Market Cap: $233.6 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 8.2% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -68% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29% Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. | Trading close to highsDist 52W High is -4.5%, Dist 3Y High is -4.5% | Key risksCFBK key risks include [1] degrading credit quality, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 8.2% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -68% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. |
| Trading close to highsDist 52W High is -4.5%, Dist 3Y High is -4.5% |
| Key risksCFBK key risks include [1] degrading credit quality, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 11/1/2026
CF Bankshares (CFBK) stock has remained largely at the same level since 7/31/2026 because of the following key factors:
1. Fiscal Q3 2026 earnings met analyst expectations, providing a neutral catalyst. CF Bankshares reported net income of $6.0 million, or $0.91 per diluted common share, for fiscal Q3 2026 (ended September 30, 2026), directly matching the consensus analyst estimate of $0.91 per share. This performance, while strong year-over-year, aligned with market forecasts, thereby limiting significant upward or downward price adjustments.
2. A slight revenue miss and increased operating expenses offset some positive earnings momentum. For fiscal Q3 2026, the company's revenue of $16.71 million fell slightly short of the $16.80 million consensus estimate. Concurrently, noninterest expenses increased by 5.1% quarter-over-quarter to $8.8 million, primarily driven by a $264,000 rise in recruiting expenses related to expanding commercial banking teams. These factors likely tempered investor enthusiasm, contributing to the stock's largely stable trend.
Show more
CF Bankshares (CFBK) stock has remained largely at the same level since 7/31/2026 because of the following key factors:
1. Fiscal Q3 2026 earnings met analyst expectations, providing a neutral catalyst. CF Bankshares reported net income of $6.0 million, or $0.91 per diluted common share, for fiscal Q3 2026 (ended September 30, 2026), directly matching the consensus analyst estimate of $0.91 per share. This performance, while strong year-over-year, aligned with market forecasts, thereby limiting significant upward or downward price adjustments.
2. A slight revenue miss and increased operating expenses offset some positive earnings momentum. For fiscal Q3 2026, the company's revenue of $16.71 million fell slightly short of the $16.80 million consensus estimate. Concurrently, noninterest expenses increased by 5.1% quarter-over-quarter to $8.8 million, primarily driven by a $264,000 rise in recruiting expenses related to expanding commercial banking teams. These factors likely tempered investor enthusiasm, contributing to the stock's largely stable trend.
Show more
Updated on 11/1/2026
CF Bankshares (CFBK) stock has remained largely at the same level since 7/31/2026 because of the following key factors:
1. Fiscal Q3 2026 earnings met analyst expectations, providing a neutral catalyst. CF Bankshares reported net income of $6.0 million, or $0.91 per diluted common share, for fiscal Q3 2026 (ended September 30, 2026), directly matching the consensus analyst estimate of $0.91 per share. This performance, while strong year-over-year, aligned with market forecasts, thereby limiting significant upward or downward price adjustments.
2. A slight revenue miss and increased operating expenses offset some positive earnings momentum. For fiscal Q3 2026, the company's revenue of $16.71 million fell slightly short of the $16.80 million consensus estimate. Concurrently, noninterest expenses increased by 5.1% quarter-over-quarter to $8.8 million, primarily driven by a $264,000 rise in recruiting expenses related to expanding commercial banking teams. These factors likely tempered investor enthusiasm, contributing to the stock's largely stable trend.
3. Strong Net Interest Margin expansion and commercial loan growth provided underlying support. Despite other mixed signals, CF Bankshares demonstrated robust core banking performance. The Net Interest Margin (NIM) expanded by 3 basis points quarter-over-quarter and 20 basis points year-over-year to 2.96% in fiscal Q3 2026. Additionally, the company reported strong commercial loan fundings of $79 million, resulting in $42 million in net commercial loan growth for the quarter, and an increase in book value per share to $29.83, representing a 10.5% year-over-year rise. These operational strengths helped underpin the stock price, preventing a decline.
4. Mixed signals in credit quality introduced investor caution. While the provision for credit losses decreased to $551,000 in fiscal Q3 2026 from $944,000 in the prior quarter and $5.1 million in Q3 2025, nonaccrual loans did increase to 1.10% of total loans. Although a significant portion of past-due loans was brought current subsequent to the quarter's end, the initial increase in nonaccrual loans likely introduced a degree of investor caution, contributing to the stock maintaining its level rather than appreciating significantly.
5. Conflicting valuation metrics and technical trading patterns created a price ceiling. As of late October 2026, CFBK was trading near the upper end of its 52-week range and above its 200-day simple moving average. While analysts maintained "Buy" ratings and a consensus price target of $40.00, some analyses, like GuruFocus, indicated the stock was overvalued at approximately $35.00 compared to an estimated intrinsic value of $27.83. This combination of reaching technical resistance points and mixed valuation signals likely acted as a ceiling for the stock price, contributing to its largely stable movement.
Show less
CF Bankshares (CFBK) stock has remained largely at the same level since 7/31/2026 because of the following key factors:
1. Fiscal Q3 2026 earnings met analyst expectations, providing a neutral catalyst. CF Bankshares reported net income of $6.0 million, or $0.91 per diluted common share, for fiscal Q3 2026 (ended September 30, 2026), directly matching the consensus analyst estimate of $0.91 per share. This performance, while strong year-over-year, aligned with market forecasts, thereby limiting significant upward or downward price adjustments.
2. A slight revenue miss and increased operating expenses offset some positive earnings momentum. For fiscal Q3 2026, the company's revenue of $16.71 million fell slightly short of the $16.80 million consensus estimate. Concurrently, noninterest expenses increased by 5.1% quarter-over-quarter to $8.8 million, primarily driven by a $264,000 rise in recruiting expenses related to expanding commercial banking teams. These factors likely tempered investor enthusiasm, contributing to the stock's largely stable trend.
3. Strong Net Interest Margin expansion and commercial loan growth provided underlying support. Despite other mixed signals, CF Bankshares demonstrated robust core banking performance. The Net Interest Margin (NIM) expanded by 3 basis points quarter-over-quarter and 20 basis points year-over-year to 2.96% in fiscal Q3 2026. Additionally, the company reported strong commercial loan fundings of $79 million, resulting in $42 million in net commercial loan growth for the quarter, and an increase in book value per share to $29.83, representing a 10.5% year-over-year rise. These operational strengths helped underpin the stock price, preventing a decline.
4. Mixed signals in credit quality introduced investor caution. While the provision for credit losses decreased to $551,000 in fiscal Q3 2026 from $944,000 in the prior quarter and $5.1 million in Q3 2025, nonaccrual loans did increase to 1.10% of total loans. Although a significant portion of past-due loans was brought current subsequent to the quarter's end, the initial increase in nonaccrual loans likely introduced a degree of investor caution, contributing to the stock maintaining its level rather than appreciating significantly.
5. Conflicting valuation metrics and technical trading patterns created a price ceiling. As of late October 2026, CFBK was trading near the upper end of its 52-week range and above its 200-day simple moving average. While analysts maintained "Buy" ratings and a consensus price target of $40.00, some analyses, like GuruFocus, indicated the stock was overvalued at approximately $35.00 compared to an estimated intrinsic value of $27.83. This combination of reaching technical resistance points and mixed valuation signals likely acted as a ceiling for the stock price, contributing to its largely stable movement.
Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The -2.5% change in CFBK stock from 7/31/2026 to 11/5/2026 was primarily driven by a -6.5% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.47 | 34.59 | -2.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 61 | 62 | 1.6% |
| Net Income Margin (%) | 29.8% | 30.8% | 3.2% |
| P/E Multiple | 12.3 | 11.5 | -6.5% |
| Shares Outstanding (Mil) | 6 | 6 | -0.5% |
| Cumulative Contribution | -2.5% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| CFBK | -2.5% | |
| Market (SPY) | -1.9% | 26.0% |
| Sector (XLF) | 1.0% | 44.7% |
Fundamental Drivers
The 18.7% change in CFBK stock from 4/30/2026 to 11/5/2026 was primarily driven by a 10.2% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.14 | 34.59 | 18.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 60 | 62 | 3.0% |
| Net Income Margin (%) | 29.2% | 30.8% | 5.3% |
| P/E Multiple | 10.4 | 11.5 | 10.2% |
| Shares Outstanding (Mil) | 6 | 6 | -0.6% |
| Cumulative Contribution | 18.7% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| CFBK | 18.7% | |
| Market (SPY) | 2.3% | 8.1% |
| Sector (XLF) | 10.7% | 32.3% |
Fundamental Drivers
The 50.9% change in CFBK stock from 10/31/2025 to 11/5/2026 was primarily driven by a 44.0% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.93 | 34.59 | 50.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 56 | 62 | 11.3% |
| Net Income Margin (%) | 32.6% | 30.8% | -5.6% |
| P/E Multiple | 8.0 | 11.5 | 44.0% |
| Shares Outstanding (Mil) | 6 | 6 | -0.3% |
| Cumulative Contribution | 50.9% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| CFBK | 50.9% | |
| Market (SPY) | 8.4% | 17.8% |
| Sector (XLF) | 11.1% | 35.6% |
Fundamental Drivers
The 139.5% change in CFBK stock from 10/31/2023 to 11/5/2026 was primarily driven by a 118.2% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.45 | 34.59 | 139.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 53 | 62 | 16.8% |
| Net Income Margin (%) | 33.3% | 30.8% | -7.5% |
| P/E Multiple | 5.3 | 11.5 | 118.2% |
| Shares Outstanding (Mil) | 6 | 6 | 1.5% |
| Cumulative Contribution | 139.5% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| CFBK | 139.5% | |
| Market (SPY) | 81.3% | 28.7% |
| Sector (XLF) | 85.5% | 36.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CFBK Return | 17% | 4% | -7% | 33% | -1% | 40% | 109% |
| Peers Return | 21% | -38% | -12% | -30% | -16% | -12% | -66% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| CFBK Win Rate | 50% | 58% | 42% | 58% | 50% | 64% | |
| Peers Win Rate | 60% | 50% | 50% | 33% | 56% | 59% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| CFBK Max Drawdown | -15% | -13% | -31% | -20% | -23% | -19% | |
| Peers Max Drawdown | -24% | -46% | -55% | -43% | -43% | -46% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, GBC, NARA, SHFS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)
How Low Can It Go
| Event | CFBK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.0% | -18.8% |
| % Gain to Breakeven | 25.0% | 23.1% |
| Time to Breakeven | 129 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -14.0% | -9.5% |
| % Gain to Breakeven | 16.3% | 10.5% |
| Time to Breakeven | 44 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.5% | -6.7% |
| % Gain to Breakeven | 37.9% | 7.1% |
| Time to Breakeven | 196 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.3% | -33.7% |
| % Gain to Breakeven | 57.0% | 50.9% |
| Time to Breakeven | 242 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.6% | -19.2% |
| % Gain to Breakeven | 36.2% | 23.8% |
| Time to Breakeven | 407 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.9% | -12.2% |
| % Gain to Breakeven | 18.9% | 13.9% |
| Time to Breakeven | 3 days | 62 days |
In The Past
CF Bankshares's stock fell -20.0% during the 2025 US Tariff Shock. Such a loss loss requires a 25.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | CFBK | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.5% | -6.7% |
| % Gain to Breakeven | 37.9% | 7.1% |
| Time to Breakeven | 196 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.3% | -33.7% |
| % Gain to Breakeven | 57.0% | 50.9% |
| Time to Breakeven | 242 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.6% | -19.2% |
| % Gain to Breakeven | 36.2% | 23.8% |
| Time to Breakeven | 407 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -21.1% | -6.8% |
| % Gain to Breakeven | 26.8% | 7.3% |
| Time to Breakeven | 34 days | 15 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -36.4% | -15.4% |
| % Gain to Breakeven | 57.1% | 18.2% |
| Time to Breakeven | 180 days | 125 days |
In The Past
CF Bankshares's stock fell -20.0% during the 2025 US Tariff Shock. Such a loss loss requires a 25.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About CF Bankshares (CFBK)
CF Bankshares Inc. (CFBK) is a bank holding company that operates CFBank, National Association. It provides a comprehensive suite of traditional banking products and services to both individual consumers and businesses. Founded in 1892, CFBK is headquartered in Worthington, Ohio, and serves its local communities through a network of branch offices.
The company's primary offerings include a variety of deposit accounts, such as savings, retail and business checking, money market accounts, and certificates of deposit. On the lending side, CFBK specializes in a diverse range of loans. These include single-family mortgage loans, commercial real estate and multi-family residential mortgage loans, general commercial loans, and construction and land loans.
CFBK also extends its services to consumer loans, such as home equity lines of credit and home improvement loans. To cater to modern banking needs, it provides Internet and mobile banking, remote deposit, and treasury management depository services. As of late 2021, its main market focus is within Ohio, specifically in Franklin, Cuyahoga, Hamilton, and Summit counties, where it operates five branch offices and a loan production office.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe CF Bankshares (CFBK):
- Like a smaller, Ohio-centric version of PNC Bank.
- A regional U.S. Bank, but focused specifically on Ohio.
AI Analysis | Feedback
- Deposit Accounts: The company offers various types of accounts including savings, retail and business checking, money market accounts, and certificates of deposit.
- Mortgage Loans: These include single-family, commercial real estate, and multi-family residential mortgage loans.
- Commercial Loans: Loans provided to businesses for operational needs, expansion, or other commercial purposes.
- Construction and Land Loans: Financing specifically for new construction projects and the acquisition of land.
- Consumer Loans: Personal loans such as home equity lines of credit, home improvement loans, and loans secured by deposits.
- Digital Banking Services: This encompasses internet banking, mobile banking, and remote deposit functionalities.
- Treasury Management Services: Depository services designed to help businesses manage their cash flow and financial operations.
AI Analysis | Feedback
Major Customers of CF Bankshares (CFBK)
As a bank holding company operating CFBank, National Association, CF Bankshares (CFBK) serves a broad customer base rather than having a few specific "major customers." Its customers are primarily individuals and businesses who utilize its banking products and services. The company serves the following categories of customers:
- Individual Consumers: This category includes individuals who use personal banking services such as savings accounts, retail checking accounts, money market accounts, certificates of deposit, single-family mortgage loans, home equity lines of credit, home improvement loans, and other consumer loans.
- Businesses and Commercial Entities: This category encompasses various businesses, from small to larger enterprises, that utilize business checking accounts, money market accounts, commercial loans, and treasury management depository services.
- Real Estate Developers and Investors: This specialized segment of commercial customers focuses on loans for commercial real estate, multi-family residential mortgages, and construction and land development projects.
AI Analysis | Feedback
- Fiserv (FI)
- Black Knight
- Jack Henry & Associates, Inc. (JKHY)
- Diebold Nixdorf (DBD)
AI Analysis | Feedback
Timothy T. O'Dell, President and CEO
Mr. O'Dell has served as CEO and Director of CFBank, N.A. and CF Bankshares Inc. since August 2012. He was instrumental in recapitalizing CFBank in late 2012, securing $34.5 million in new capital, improving operating earnings, and expanding the bank's presence. Before joining CFBank, Mr. O'Dell spent 22 years at Fifth Third Bank, where he was President and Chief Executive Officer for the Central Ohio division, growing the bank's assets from $200 million to over $5 billion through organic growth and strategic acquisitions. He also founded and served as managing partner of The Chetwood Group, a firm focused on growth strategies and value creation for entrepreneurs and closely held businesses. Mr. O'Dell has served on the board of the Columbus Chamber of Commerce and The Ohio State University Medical Center, and was a founding investor in Ohio TechAngel Venture Fund.
Kevin Beerman, EVP & Chief Financial Officer
Mr. Beerman is the Executive Vice President and Chief Financial Officer of CF Bankshares Inc. No specific background information regarding founding or managing other companies, selling companies, or a pattern of managing private equity-backed companies is readily available in the provided sources.
Marianne McKinney, EVP & Chief Operating Officer
Ms. McKinney serves as the Executive Vice President and Chief Operating Officer of CFBank. No detailed background information is available in the provided sources.
Timothy Meder, EVP & Chief Commercial Credit Officer
Mr. Meder holds the position of Executive Vice President and Chief Commercial Credit Officer of CFBank. No detailed background information is available in the provided sources.
Brad Ringwald, President CFBank, N.A.
Mr. Ringwald is the President of CFBank, N.A. No detailed background information is available in the provided sources.
AI Analysis | Feedback
The key risks to CF Bankshares' business are primarily centered around its loan portfolio quality, elevated debt, and exposure to interest rate fluctuations.
- Loan Portfolio and Credit Risk: The most significant risk identified for CF Bankshares is the condition of its loan portfolio. The company experienced a rise in non-performing loans and assets at the end of fiscal year 2025, with a coverage ratio of 115.3%, which is substantially below the average of 165.4% for comparable banks, indicating a limited buffer against further loan deterioration. This follows a notable $7 million nonperforming asset charge-off in Q3 2025. Additionally, loans with interest-only payments may carry a higher risk due to potential declines in collateral values without corresponding principal reductions.
- High Leverage: CF Bankshares Inc. carries elevated debt relative to its equity, with a debt-to-equity ratio of 11.26. This high reliance on borrowed funds is highlighted as a significant financial risk, earning a low score of 0/100 in financial health assessments.
- Interest Rate Risk: The company's market risk largely stems from the inherent interest rate risk in its lending, investing, deposit gathering, and borrowing activities. Instability or significant changes in interest rates could negatively impact CF Bankshares' net interest margin and overall profitability. The banking industry, including CF Bankshares, has experienced challenges due to rapid interest rate increases in recent years.
AI Analysis | Feedback
The clear emerging threat for CF Bankshares is the ongoing disruption from digital-first banks (neobanks) and various financial technology (fintech) companies. These entities leverage technology to offer banking products and services with lower overhead, often superior user experiences, and greater convenience (e.g., streamlined online account opening, advanced mobile banking features, faster loan applications) compared to traditional branch-based banks. This trend threatens to erode CFBK's market share for deposits and various lending products by attracting customers who prioritize digital convenience, potentially leading to increased customer acquisition costs and reduced profitability for CFBK.
AI Analysis | Feedback
CF Bankshares Inc. (CFBK) operates primarily in Ohio, offering a range of banking products and services. The addressable markets for their main products and services are sized as follows:
Deposit Accounts
- Ohio: The overall deposit market in Ohio was approximately $565.32 billion in 2025.
- United States: Total commercial bank deposits in the U.S. reached over $18.5 trillion in early October 2025, and $18.82 trillion as of February 25, 2026.
Mortgage Loans
- Single-Family Mortgage Loans:
- Ohio: In 2024, more than 158,000 single-family mortgage loans were originated, totaling $38.9 billion.
- United States: The U.S. home mortgage market was valued at approximately $180.91 billion in 2023 and is projected to grow to around $501.67 billion by 2032. Total single-family mortgage origination volume is expected to increase to $2.2 trillion in 2026 from an estimated $2.0 trillion in 2025. The dollar volume of new mortgages was $159.2 billion in July 2025.
- Commercial Real Estate and Multi-Family Residential Mortgage Loans:
- Ohio: The annual commercial real estate transaction volume across Ohio is approximately $14.2 billion, with the broader Ohio commercial real estate market generating around $28 billion in annual transaction volume.
- United States: Total commercial real estate (CRE) mortgage borrowing and lending was estimated at $498 billion in 2024. Mortgage originations for commercial and multifamily properties are forecast to increase to $583 billion in 2025. The U.S. CRE mortgage market for income-producing properties is roughly $4.5 trillion. Commercial and multifamily mortgage originations surged by 30% in the fourth quarter of 2025 compared to a year earlier.
- Construction and Land Loans:
- United States: Construction loans constitute approximately $467 billion within the broader U.S. CRE mortgage market.
Commercial Loans
- Ohio: The market size of the Commercial Banking industry in Ohio, which includes commercial and industrial loans, is projected to be $63.8 billion in 2026.
- United States: The U.S. commercial banking market size is estimated at $765.53 billion in 2026 and is projected to reach $954.48 billion by 2031. Another estimate valued the U.S. commercial banking market at $231.9 billion in 2024, expecting it to grow to $351.8 billion by 2033. Commercial lending accounted for approximately two-fifths of the U.S. commercial banking market's proceeds in 2023, where the overall market was $229 billion.
Consumer Loans
- United States: The overall consumer lending market size is $27 trillion and is growing. Total consumer credit increased by $8.05 billion in January 2026. The U.S. digital lending market, which includes consumer loans, was valued at $303.51 billion in 2025 and is estimated to reach $592.87 billion by 2031.
AI Analysis | Feedback
CF Bankshares Inc. (NASDAQ: CFBK) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives focused on its core banking operations and market presence.
Here are the key drivers:
- Expansion and Growth in Commercial and Multi-Family Lending: CF Bankshares maintains a strategic focus on its boutique commercial bank model, aiming to serve closely held businesses and entrepreneurs. Recent financial reports indicate growth in commercial real estate and multi-family loan balances, with strong commercial lending pipelines anticipated to contribute to future revenue.
- Net Interest Margin (NIM) Expansion and Management: The company anticipates that a more normalized upward-sloping interest rate yield curve will positively impact its net interest margins. Furthermore, CFBank has proactively implemented interest rate floors on certain floating-rate loans, a measure expected to help sustain or support margins.
- Strategic Market Penetration and Expansion: CFBank operates in five major metro markets across Ohio (Columbus, Cleveland, Cincinnati, Akron) and Indiana (Indianapolis). The company is committed to deepening its presence and expanding its commercial banking partnerships within these regions, as demonstrated by the addition of key leadership roles, such as a Market President for the Northeast Ohio region.
- Growth in Core Deposits and Interest-Earning Assets: Increasing core deposits provides a stable and cost-effective funding base for CFBank's lending activities. This growth in deposits, coupled with an overall increase in interest-earning assets, is a fundamental driver that directly contributes to higher interest income and overall revenue generation.
AI Analysis | Feedback
Share Repurchases
- CF Bankshares Inc. authorized a stock repurchase program on January 29, 2025, allowing for the repurchase of up to 325,000 shares, which represented approximately 5% of its outstanding common stock and had an approximate value of $8.53 million based on a stock price of $26.24. This program has been extended to August 15, 2026.
- As of December 18, 2025, the company had repurchased 54,644 shares under the aforementioned program, valued at approximately $1.43 million.
- Between October 1, 2023, and December 31, 2023, the company repurchased 9,503 shares for $0.18 million as part of a previous buyback plan announced on July 5, 2023.
Share Issuance
- In 2022, CF Bankshares Inc. issued 373,833 shares of common stock through an At Market Offering Sales Agreement, generating net proceeds of approximately $2.01 million.
- During the first quarter of 2024, the company reported the issuance of 58,784 stock-based incentive plan shares, net of forfeitures.
Inbound Investments
- In 2025, the company increased its holding company credit facility, injecting $10 million of additional Tier 1 capital into CFBank.
Capital Expenditures
- Net purchases of property and equipment for CF Bankshares Inc. amounted to $5.45 million in 2023 and $3.64 million in 2022.
- In the third quarter of 2025, the company invested $263,000 in capital expenditures, primarily focused on funding long-term assets and infrastructure.
Peer Outperformance in Regional Banks
CFBK has outperformed 63% of its 262 Regional Banks peers over 5Y. Among the peers that beat it is BPOP. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that CFBK has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
85%
of 281 industry peers · 49.5% return
3Y
87%
of 273 industry peers · 137.6% return
5Y
63%
of 262 industry peers · 63.1% return
Regional Banks peers with revenue growth within 4pp of CFBK's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| CFBK | CF Bankshares | 5.7% | 11.5x | 49.5% | 137.6% | 63.1% | — |
| BPOP | Popular | 2.8% | 10.3x | 41.4% | 144.6% | 117.1% | +54pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is CFBK's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 33.1% | 75.7% | 125.1% | SPNT 168% · RGA 162% · RNR 141% |
| Investment Banking & Brokerage | 13 | -3.9% | 89.1% | 93.1% | IBKR 305% · SNEX 152% · GS 141% |
| Diversified Banks | 12 | 30.0% | 140.4% | 90.3% | CM 144% · RY 129% · JPM 127% |
| Life & Health Insurance | 20 | 14.3% | 52.3% | 75.4% | JXN 514% · UNM 224% · FG 188% |
| Property & Casualty Insurance | 42 | 18.9% | 76.8% | 66.8% | TRV 178% · PGR 172% · ACGL 168% |
| Multi-Sector Holdings | 3 | 10.1% | 53.8% | 59.4% | BRK-B 99% · VOYA 59% · JEF 37% |
| Multi-line Insurance | 9 | 9.5% | 71.4% | 59.4% | AIZ 105% · GNW 104% · L 98% |
| Regional Banks ← | 263 | 30.0% | 87.5% | 46.7% | CBC 268% · FCNCA 176% · NIC 136% |
| Insurance Brokers | 15 | 5.5% | 13.4% | 33.4% | LIFE 287% · ARX 89% · WTW 56% |
| Financial Exchanges & Data | 15 | 20.6% | 37.2% | 27.9% | CBOE 183% · VIRT 131% · CME 71% |
| Asset Management & Custody Banks | 83 | -5.9% | 22.8% | 12.3% | VCTR 210% · AAMI 207% · WT 205% |
| Consumer Finance | 30 | 2.9% | 81.0% | 8.1% | ENVA 330% · FCFS 130% · ECPG 111% |
| Commercial & Residential Mortgage Finance | 14 | -46.5% | 36.8% | 2.5% | FNMA 327% · FMCC 293% · ACT 158% |
| Diversified Financial Services | 4 | -1.6% | 20.1% | -1.1% | FRHC 153% · EQH 71% |
| Specialized Finance | 3 | 15.8% | 31.5% | -19.7% | HASI -20% · CACC -24% |
| Transaction & Payment Processing Services | 17 | 19.3% | 9.1% | -29.4% | V 103% · MA 94% · CPAY 83% |
| Mortgage REITs | 35 | -18.0% | -6.1% | -37.2% | RITM 36% · DX 17% · AGNC 10% |
| Diversified Capital Markets | 20 | -47.1% | -8.5% | -70.1% | LPLA 83% · TW 38% · RIOT -53% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 22.32 |
| Mkt Cap | 0.3 |
| Rev LTM | 101 |
| Op Inc LTM | - |
| FCF LTM | 12 |
| FCF 3Y Avg | 17 |
| CFO LTM | 15 |
| CFO 3Y Avg | 18 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.3% |
| Rev Chg 3Y Avg | 8.1% |
| Rev Chg Q | 7.0% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 19.1% |
| CFO/Rev 3Y Avg | 30.2% |
| FCF/Rev LTM | 17.2% |
| FCF/Rev 3Y Avg | 27.9% |
Price Behavior
Price Behavior
| Market Price | $34.59 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 12/30/1998 | |
| Distance from 52W High | -4.5% | |
| 50 Days | 200 Days | |
| DMA Price | $34.46 | $31.47 |
| DMA Trend | down | up |
| Distance from DMA | 0.4% | 9.9% |
| 3M | 1YR | |
| Volatility | 16.5% | 25.0% |
| Downside Capture | 7.97 | 18.31 |
| Upside Capture | 2.89 | 66.51 |
| Correlation (S&P 500) | 9.7% | 14.5% |
CFBK Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.03 | 0.13 | 0.10 | -0.01 | 0.29 | 0.50 |
| Up Beta | 1.19 | -0.04 | 0.25 | -0.84 | 0.14 | 0.46 |
| Down Beta | 0.23 | 0.12 | 0.18 | -0.22 | 0.04 | 0.65 |
| Up Capture | -2% | 13% | -4% | 43% | 53% | 26% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 12 | 21 | 29 | 69 | 131 | 360 |
| Down Capture | -17% | 20% | 19% | 10% | 25% | 58% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 10 | 22 | 35 | 56 | 113 | 335 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CFBK | |
|---|---|---|---|---|
| CFBK | 50.1% | 25.0% | 1.57 | - |
| Sector ETF (XLF) | 11.1% | 15.2% | 0.47 | 35.7% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 17.8% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | -4.3% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | -25.7% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | 26.8% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | -5.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CFBK | |
|---|---|---|---|---|
| CFBK | 7.0% | 30.1% | 0.28 | - |
| Sector ETF (XLF) | 9.1% | 18.4% | 0.36 | 24.2% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 19.0% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | -1.6% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | -1.5% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 16.2% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | 3.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CFBK | |
|---|---|---|---|---|
| CFBK | 13.9% | 36.2% | 0.48 | - |
| Sector ETF (XLF) | 13.3% | 22.1% | 0.54 | 17.7% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 14.6% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | -1.3% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 4.7% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 13.1% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 1.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 11/5/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2026 | 0.8% | 1.9% | |
| 7/28/2026 | 6.0% | 4.8% | 1.9% |
| 5/5/2026 | -2.2% | -1.5% | 5.4% |
| 2/5/2026 | 2.3% | 1.4% | -7.1% |
| 11/3/2025 | 0.6% | -1.6% | 2.4% |
| 8/4/2025 | -0.8% | 2.0% | 4.3% |
| 5/6/2025 | 0.6% | 1.5% | 1.1% |
| 2/12/2025 | 1.1% | -1.0% | -12.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 17 | 14 |
| # Negative | 8 | 7 | 9 |
| Median Positive | 2.4% | 2.0% | 4.4% |
| Median Negative | -0.7% | -1.6% | -1.1% |
| Max Positive | 6.8% | 9.2% | 15.4% |
| Max Negative | -3.7% | -3.4% | -12.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2026 | 0.8% | 1.9% | |
| 7/28/2026 | 6.0% | 4.8% | 1.9% |
| 5/5/2026 | -2.2% | -1.5% | 5.4% |
| 2/5/2026 | 2.3% | 1.4% | -7.1% |
| 11/3/2025 | 0.6% | -1.6% | 2.4% |
| 8/4/2025 | -0.8% | 2.0% | 4.3% |
| 5/6/2025 | 0.6% | 1.5% | 1.1% |
| 2/12/2025 | 1.1% | -1.0% | -12.4% |
| 10/30/2024 | -3.7% | 1.9% | 9.3% |
| 8/6/2024 | 4.4% | 2.0% | 2.0% |
| 5/7/2024 | -0.3% | 2.2% | 4.4% |
| 2/7/2024 | -0.0% | -3.4% | -1.1% |
| 11/8/2023 | 5.3% | 8.6% | 10.6% |
| 8/3/2023 | -0.9% | 0.0% | 1.9% |
| 5/10/2023 | 2.8% | 3.7% | -0.4% |
| 2/7/2023 | -0.0% | 0.2% | -0.4% |
| 11/7/2022 | 6.8% | 9.2% | 7.6% |
| 8/3/2022 | 0.7% | 1.0% | 3.4% |
| 5/5/2022 | 3.4% | -3.0% | -0.8% |
| 2/7/2022 | 0.5% | 0.9% | -4.7% |
| 10/27/2021 | 0.8% | 7.8% | 7.9% |
| 8/4/2021 | 2.5% | -2.4% | -0.2% |
| 5/4/2021 | -0.5% | -0.7% | -3.8% |
| 2/2/2021 | 3.1% | 7.9% | 15.4% |
| SUMMARY STATS | |||
| # Positive | 16 | 17 | 14 |
| # Negative | 8 | 7 | 9 |
| Median Positive | 2.4% | 2.0% | 4.4% |
| Median Negative | -0.7% | -1.6% | -1.1% |
| Max Positive | 6.8% | 9.2% | 15.4% |
| Max Negative | -3.7% | -3.4% | -12.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/14/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/14/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/16/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 05/12/2021 | 10-Q |
| 12/31/2020 | 03/23/2021 | 10-K |
| 09/30/2020 | 11/10/2020 | 10-Q |
| 06/30/2020 | 08/12/2020 | 10-Q |
| 03/31/2020 | 05/13/2020 | 10-Q |
| 12/31/2019 | 03/16/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
Insider Activity
Updated 9/14/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McKinney, Marianne | EVP & Chief Operating Officer | Direct | Sell | 9142026 | 35.36 | 400 | 14,144 | 502,774 | Form |
| 2 | Frauenberg, James H II | Direct | Buy | 12172025 | 23.78 | 210 | 4,994 | 2,721,145 | Form | |
| 3 | Ringwald, Bradley J | Bank President | Direct | Buy | 12162025 | 24.07 | 1,000 | 24,070 | 707,634 | Form |
| 4 | Hoeweler, Robert E | Direct | Buy | 12162025 | 23.87 | 1,000 | 23,870 | 1,720,120 | Form | |
| 5 | Beerman, Kevin J | EVP & Chief Financial Officer | Direct | Buy | 12122025 | 23.84 | 217 | 5,173 | 603,499 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McKinney, Marianne | EVP & Chief Operating Officer | Direct | Sell | 9142026 | 35.36 | 400 | 14,144 | 502,774 | Form |
| 2 | Frauenberg, James H II | Direct | Buy | 12172025 | 23.78 | 210 | 4,994 | 2,721,145 | Form | |
| 3 | Ringwald, Bradley J | Bank President | Direct | Buy | 12162025 | 24.07 | 1,000 | 24,070 | 707,634 | Form |
| 4 | Hoeweler, Robert E | Direct | Buy | 12162025 | 23.87 | 1,000 | 23,870 | 1,720,120 | Form | |
| 5 | Beerman, Kevin J | EVP & Chief Financial Officer | Direct | Buy | 12122025 | 23.84 | 217 | 5,173 | 603,499 | Form |
| 6 | Ash, Thomas P | Direct | Buy | 12082025 | 23.91 | 200 | 4,782 | 1,133,741 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 11/5/2026