CF Bankshares (CFBK) AI Stock Analysis

• Market Cap: $177.90M
• Dividend Yield: 1.16%
• Average Volume (3M): 31.27K
• Price to Earnings (P/E): 9.2
• Beta (1Y): 0.98
• Revenue Growth: 2.33%
• EPS Growth: 22.43%
• Country: US
• Employees: 102
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.88
• Shares Outstanding: 6,434,002
• 10 Day Avg. Volume: 27,019
• 30 Day Avg. Volume: 31,265
• PEG Ratio: 0.31
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 1.25
• P/FCF Ratio: 8.62
• Enterprise Value/Market Cap: 0.22
• Enterprise Value/Revenue: 0.31
• Enterprise Value/Gross Profit: 0.75
• Enterprise Value/Ebitda: 1.78
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 3.68
• Revenue Forecast (FY): $68.35M

• Rating: 58 Neutral
• Price Target: $30.00 ▲(13.68% Upside)
• Action: Reiterated Date: 03/13/26
• Date: Action: Reiterated 03/13/26

The score is anchored by mixed financial quality: solid balance sheet improvement and strong revenue growth are offset by notable margin compression and inconsistent cash-flow/cash conversion. Technical signals are currently bearish and weigh on near-term attractiveness, while valuation (low P/E) and the extended buyback program provide support.

Positive Factors

Improved Leverage & Equity Base

Material de‑leveraging and a larger equity base provide durable financial flexibility, lowering solvency risk and enabling the bank to absorb credit losses or pursue organic growth without relying on volatile external funding. This strengthens the franchise over the next several quarters.

Sustained Revenue Growth

Consistent, multi-year top-line growth signals expanding core lending and fee businesses. Durable revenue expansion supports scale benefits, helps offset margin pressure, and underpins reinvestment in lending capacity and relationship banking over a 2–6 month horizon and beyond.

Capital & Margin Trajectory / Efficient Model

Improving NIM, solid CET1 capital and a branch‑lite efficiency posture create a durable earnings floor: capital adequacy supports loan growth, modest NIM expansion boosts net interest income, and a lower‑cost delivery model helps sustain margins across rate cycles.

Negative Factors

Multi-year Margin Compression

A persistent decline in core profitability reduces return on capital and limits the bank's ability to fund growth or increase reserves from internal earnings. If margins remain structurally lower, ROE and capital efficiency will be restrained over coming quarters.

Uneven Cash Generation

Inconsistent operating and free cash flow undermines reliability of internally generated funds for dividends, buybacks, or loan loss provisioning. This weak cash conversion makes capital planning and sustained shareholder returns more uncertain over the medium term.

Loan Mix & Credit Risk

Tilt into cyclical commercial and construction loans raises exposure to economic cycles and concentration risk. Coupled with reserves lagging portfolio growth, this increases the potential for elevated credit losses and volatility in earnings during downturns over the next several quarters.

CF Bankshares Business Overview & Revenue Model

Company Description

CF Bankshares Inc. operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. It also offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans; construction and land loans; and consumer loans, such as home equity lines of credit, home improvement loans, and loans secured by deposits and purchased loans, as well as other loans. In addition, the company provides Internet and mobile banking, remote deposit, and treasury management depository services. As of December 31, 2021, it operated five branch offices located in Franklin, Cuyahoga, Hamilton, and Summit counties, Ohio; and a loan production office located in Franklin County, Ohio. The company was formerly known as Central Federal Corporation and changed its name to CF Bankshares Inc. in July 2020. CF Bankshares Inc. was founded in 1892 and is based in Worthington, Ohio.

How the Company Makes Money

CF Bankshares generates revenue primarily through net interest income, which is the difference between the interest earned on loans and the interest paid on deposits. The bank extends various types of loans, including commercial loans, residential mortgages, and consumer loans, which contribute significantly to its interest income. Additionally, CF Bank earns non-interest income from fees associated with banking services, such as account maintenance fees, transaction fees, and service charges. The company may also derive income from investment securities and other financial products. Strategic partnerships with local businesses and community organizations help drive customer acquisition and retention, further enhancing its revenue streams. Overall, its diversified banking services and focus on community engagement position CF Bankshares for steady financial growth.

CF Bankshares Financial Statement Overview

Summary

Strong revenue growth into 2025 and improved leverage/equity position support the score, but multi-year margin compression (materially lower net and EBIT margins vs 2020–2021) and uneven cash-flow/weak cash-conversion signals in 2025 are key risks. Loan mix is shifting toward higher-growth commercial/construction categories, which may lift yield but adds cyclical credit risk while reserves have not kept pace with growth.

Income Statement

Revenue increased in 2023–2025 (2025 annual revenue growth ~97.6%), but profitability has weakened versus earlier years: net margin fell from ~29% (2020–2021) to ~13.5% (2025). Operating profitability also compressed (EBIT margin ~35–36% in 2020–2021 vs ~17.1% in 2025). Positively, net income recovered from 2024 to 2025 ($13.4M to $17.0M), but overall earnings quality looks more volatile across the period.

Balance Sheet

Leverage has improved meaningfully since 2020, with debt-to-equity declining from ~2.09 (2020) to ~0.66 (2025), and equity building from ~$110.2M to ~$184.4M. Returns on equity are moderate and have come down from a peak (~26.9% in 2020) to ~9.2% in 2025, indicating a less efficient profit generation on the larger equity base. Total assets have grown steadily (about $1.48B in 2020 to ~$2.12B in 2025), supporting balance sheet scale, but profitability on capital is no longer as strong as earlier years.

Cash Flow

Cash generation is uneven. Operating cash flow was strongly negative in 2020 (-$123.5M) and exceptionally high in 2021 ($253.3M), then normalized to much smaller levels in 2022–2025 (~$14.2M to ~$39.8M). Free cash flow declined materially in 2025 (about -32.3% growth) versus 2024. Also, the provided cash-flow coverage and free-cash-flow-to-earnings indicators are inconsistent/weak in the latest year (showing 0.0 in 2025), which reduces confidence in cash conversion despite positive operating and free cash flow in 2025.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	125.90M	122.16M	111.69M	70.28M	63.64M
Gross Profit	52.69M	43.68M	48.73M	50.52M	54.93M
EBITDA	21.53M	16.63M	21.55M	23.09M	23.25M
Net Income	17.00M	13.39M	16.94M	18.16M	18.45M
Balance Sheet
Total Assets	2.12B	2.07B	2.06B	1.82B	1.50B
Cash, Cash Equivalents and Short-Term Investments	276.47M	244.06M	269.79M	162.33M	183.04M
Total Debt	121.88M	113.91M	130.26M	125.82M	106.64M
Total Liabilities	1.93B	1.90B	1.90B	1.68B	1.37B
Stockholders Equity	184.43M	168.44M	155.37M	139.25M	125.33M
Cash Flow
Free Cash Flow	18.20M	13.92M	17.39M	38.86M	250.34M
Operating Cash Flow	18.69M	14.19M	18.05M	39.76M	253.30M
Investing Cash Flow	-25.04M	-32.99M	-121.85M	-353.32M	-316.73M
Financing Cash Flow	30.05M	-7.52M	213.61M	298.75M	8.42M

CF Bankshares Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 26.39
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CFBK, the sentiment is Negative. The current price of 26.39 is below the 20-day moving average (MA) of 29.79, below the 50-day MA of 29.59, and above the 200-day MA of 25.32, indicating a neutral trend. The MACD of -0.50 indicates Positive momentum. The RSI at 29.91 is Positive, neither overbought nor oversold. The STOCH value of 11.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CFBK.

CF Bankshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LARK	75 Outperform	$144.51M	8.47	12.36%	3.01%	12.31%	39.46%
BVFL	72 Outperform	$164.72M	11.33	5.32%	―	4.86%	-8.20%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MNSB	62 Neutral	$154.69M	9.50	7.26%	1.90%	1.92%	-174.59%
CFBK	58 Neutral	$177.90M	9.23	9.65%	1.16%	2.33%	22.43%
PNBK	55 Neutral	$151.79M	-9.56	-35.90%	―	-11.99%	63.64%

CF Bankshares Corporate Events

CF Bankshares Extends Stock Repurchase Program Into 2026

On December 17, 2025, CF Bankshares Inc.’s board approved an extension of its stock repurchase program, moving the program’s end date from January 31, 2026, to August 15, 2026, while keeping authorization to buy back up to 325,000 shares, about 5% of its outstanding common stock. As of the announcement on December 18, 2025, the company had repurchased 54,644 shares and stated that future buybacks may be executed via open-market or privately negotiated transactions in compliance with securities regulations, with the pace and scale of repurchases to be determined by management based on market conditions and other corporate considerations; leadership framed the move as a signal of confidence in the bank’s business model and intrinsic value, and as part of its strategy to enhance shareholder value, although the program can be modified, suspended or discontinued at any time.

The most recent analyst rating on (CFBK) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on CF Bankshares stock, see the CFBK Stock Forecast page.

CF Bankshares Director Resigns Amid Ownership Changes

On December 15, 2025, Sundeep Rana resigned from the Board of Directors of CF Bankshares Inc., where he had served since July 28, 2021 as a representative of Castle Creek Capital Partners VII, L.P. This resignation followed Castle Creek and its affiliates reducing their ownership below 4.9% of the company’s outstanding common stock, as per the conditions in a prior Securities Purchase Agreement. The company clarified that the resignation was not due to any disagreements regarding its operations, policies, or practices.

The most recent analyst rating on (CFBK) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on CF Bankshares stock, see the CFBK Stock Forecast page.