Comments made in this presentation include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in good faith by us.
Forward-looking statements include but are not limited to: (1) projections of revenues, income or loss, earnings or loss per common share, expense or savings, credit quality, capital structure and other financial items; (2) plans and objectives of the management or Boards of Directors of CF Bankshares Inc. (the "Holding Company") or CFBank, National Association ("CFBank"); (3) statements regarding future events, actions or economic performance; and (4) statements of assumptions underlying such statements. Words such as "estimate," "strategy," "may," "believe," "anticipate," "expect," "predict," "will," "intend," "plan," "targeted," and the negative of these terms, or similar expressions, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Various risks and uncertainties may cause actual results to differ materially from those indicated by our forward-looking statements. For factors that could cause actual results to differ from our forward- looking statements, please refer to the "Risk Factors" in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed with the SEC.
2
1st Quarter 2023 Highlights
Net income of $4.4 million and Earnings Per Share of $0.68.
ROA of 0.98%; ROE of 12.55%.
Book Value per common share increased to $21.88.
During the quarter, Loans grew by $44 million(2.79%).
Thus far in 2023, implemented efficiencies anticipated to result in future savings in excess of $2 million annualized. Efficiency Ratio goal of 50%.
Consistently strong Credit quality with only 0.06%of loans being more than 30 days past due at 3/31/2023.
3
Consistent Growth with Strong Credit Quality
Loan/Deposit Trends
Criticized & Classified Loans /
($ in Millions)
2.0% 1.85%
Loans
$1,700 $1,500 $1,300 $1,100 $900 $700 $500 $300
Y/E
Y/E
Y/E
Y/E
Y/E Q1 2023
2018
2019
2020
2021
2022
Total Loans
Total Deposits
1.62%
1.55%
1.5%
1.0%
0.50%
0.48%
0.46%
0.5%
0.0%
Y/E
Y/E
Y/E
Y/E
Y/E
Q1 2023
2018
2019
2020
2021
2022
Consistent track record of generating quality Business (Loans & Deposits).
Strong loan growth while maintaining consistently strong Credit Quality.
4
Sustainable Growth & Franchise Value
Sustainable Growth:
Building franchise value consistently as proven by our 5-year Tangible Book Value CAGR of 17%. Expect to top $2 Billion in assets threshold during 2023.
Demonstrated operational discipline.
CF is uniquely positioned in 4 solid Metro growth markets (Columbus, Cleveland, Cincinnati & Indianapolis).
Expected benefit from Intel's $20 billion business investment in Columbus metro. Our new HQ is located approximately 6 miles proximity.
Expanding depth and strength by attracting top performing bankers from regional banks.
Demonstrated ability to attract "A" caliber talent & proven performers.
Our team is capable of building & managing a much larger bank.
5
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CF Bankshares Inc. published this content on 07 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2023 23:27:06 UTC.
CF Bankshares Inc. is a holding company of CFBank, National Association (CFBank). CFBank is a commercial bank, which operates primarily in four markets including, Columbus, Cleveland and Cincinnati, Ohio, and Indianapolis, Indiana. CFBank provides comprehensive commercial, retail and mortgage lending services presence. CFBank provides commercial loans and equipment leases, commercial and residential real estate loans and treasury management depository services, residential mortgage lending, and full-service commercial and retail banking services and products. Its loan and lease portfolio consists primarily of commercial, commercial real estate and multi-family mortgage loans, mortgage loans secured by single-family residences and, to a lesser degree, consumer loans. CFBank also finances a variety of commercial and residential construction projects. CFBank also offers its clients the convenience of online Internet banking, mobile banking and remote deposit capabilities.
CF BANKSHARES INC. 
