CF Bankshares Q3 profit drops on credit loss provision
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CF Bankshares reported a Q3 net income decline due to a $5.1 million provision for credit losses, despite a 33% year-over-year increase in pre-provision, pre-tax net revenue to $7.8 million. The net interest margin rose by 35 basis points. The company anticipates accelerated net commercial loan growth by early 2026 and expects increased residential mortgage loan volumes to boost fee income. The efficiency ratio improved to 49.8%. Analysts maintain a "buy" rating with a 12-month price target of $29.00, reflecting a potential 20% upside from the recent closing price of $23.20.
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