CF Bankshares Inc. Announces 13% Increase in Quarterly Cash Dividend
CF Bankshares Inc. (NASDAQ: CFBK), the parent company of CFBank, NA, has declared a quarterly cash dividend of $0.09 per share on its common stock. This new dividend rate reflects a notable 13% increase from the previous quarterly dividend. Additionally, the Board announced a corresponding $9.00 per share cash dividend on its Series D preferred stock. The dividends are payable on January 26, 2026, to shareholders of record as of the close of business on January 15, 2026.
Implications of the Dividend Increase
Timothy T. O'Dell, President and CEO of CF Bankshares, expressed his satisfaction with this decision, stating, "We are pleased to reward our shareholders with a 13% increase in our dividend, which enhances total shareholder returns. We appreciate your confidence and support!" This increase not only highlights the Company’s commitment to its investors but also signifies its strong financial performance in a competitive banking sector.
About CF Bankshares Inc. and CFBank
CF Bankshares Inc. serves as the holding company for CFBank, National Association. Established as a nationally chartered boutique commercial bank, CFBank primarily operates in five major metropolitan markets: Columbus, Cleveland, Cincinnati, and Akron, Ohio, as well as Indianapolis, Indiana.
Successful Recapitalization and Growth
Following a recapitalization during the financial crisis in 2012, CFBank has repositioned itself as a full-service commercial bank, achieving an impressive compound annual growth rate (CAGR) of 20% since that time. The bank focuses on addressing the financial needs of closely held businesses and entrepreneurs through a broad range of services.
Comprehensive Banking Services
CFBank specializes in providing:
- Commercial loans and equipment leases
- Commercial and residential real estate loans
- Treasury management depository services
- Residential mortgage lending
- Full-service commercial and retail banking
With a commitment to individualized service, CFBank ensures that clients have direct access to decision-makers, enabling a smooth and efficient banking experience while maintaining the sophistication of larger banks.
Conclusion
For more information about CF Bankshares Inc. and CFBank, visit their website at www.CF.Bank. The recent dividend announcement illustrates the Company’s strong financial health and commitment to enhancing shareholder value.