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Stock impact report

Central Federal Corporation, Parent of CFBank, Announces Record Pre-Tax Earnings for 3rd Quarter 2019

CF Bankshares Inc. (CFBK) 
Company Research Source: PR Newswire
WORTHINGTON/COLUMBUS, Ohio, Oct. 28, 2019 /PRNewswire/ -- Central Federal Corporation (NASDAQ: CFBK) (the "Company") the parent of CFBank, today announced financial results for the third quarter and year to date ended September 30, 2019.Third Quarter HighlightsPre-tax net income for the quarter more than doubled (up 154%) when compared to the same quarter of 2018.  Pre-tax net income is up 124% for the year to date 2019 compared to the same nine month period of 2018. Return on average assets increased to 1.41% for the quarter and return on average equity increased to 20.12%. Diluted earnings per share (EPS) increased to $0.59 for the quarter. Book Value per common share increased year-to-date by $1.49, or 14.2%, to $12.00 per share. Net loans and leases increased 14.5% since December 31, 2018. Net gain on sales of loans increased by 581% for the quarter when compared to the same quarter of 2018 due primarily to the investment in expanding the residential mortgage lending business.The Show less Read more
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