Last $1.30 USD
Change Today 0.00 / 0.00%
Volume 8.9K
CFBK On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

central federal corp (CFBK) Snapshot

Open
$1.31
Previous Close
$1.30
Day High
$1.33
Day Low
$1.29
52 Week High
03/5/14 - $1.78
52 Week Low
12/26/14 - $1.18
Market Cap
20.6M
Average Volume 10 Days
7.9K
EPS TTM
$-0.02
Shares Outstanding
15.8M
EX-Date
03/20/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CENTRAL FEDERAL CORP (CFBK)

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central federal corp (CFBK) Details

Central Federal Corporation operates as the holding company for CFBank that provides various financial services. The company offers a range of deposit products that include savings accounts, retail and business checking accounts, money market accounts, and certificates of deposit. It also provides loan products comprising single-family mortgage loans; commercial real estate and multi-family residential mortgage commercial loans; construction and land development loans; and consumer loans, such as home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits. In addition, the company offers Internet banking, mobile banking, remote deposit, and corporate cash management services. Central Federal Corporation provides its services through four branch offices located in Summit, Columbiana, and Franklin Counties, Ohio. The company was founded in 1892 and is based in Worthington, Ohio.

54 Employees
Last Reported Date: 03/31/14
Founded in 1892

central federal corp (CFBK) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: $200.0K
President, Director, Member of Executive Comm...
Total Annual Compensation: $180.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $138.5K
Compensation as of Fiscal Year 2013.

central federal corp (CFBK) Key Developments

Central Federal Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Central Federal Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $2,437,000 compared to $1,317,000 a year ago. The increase in net interest income was primarily due to a $988,000, or 51.2%, increase in interest income, coupled with a $56,000, or 10.4%, decrease in interest expense. Income before income tax was $286,000 compared to loss before income tax of $385,000 a year ago. Earnings attributable to common stockholders were $112,000 or $0.01 per basic and diluted common share compared to loss of $385,000 or $0.02 per basic and diluted common share a year ago. Net income was $286,000 compared to net loss of $385,000 a year ago, primarily due to a $1.0 million increase in net interest income, a $270,000 increase in noninterest income, partially offset by a $644,000 increase in noninterest expense. Return on average assets was 0.38% against negative return on average assets of 0.63% and return on average equity was 3.51% against negative return on equity of 6.95% reported last year. For the nine months, the company reported net interest income of $6,241,000 compared to $3,873,000 a year ago. The increase in net interest income was primarily due to a $2.1 million, or 38.8%, increase in interest income, coupled with a $244,000, or 15.2%, decrease in interest expense. Income before income tax was $170,000 compared to loss before income tax of $1,749,000 a year ago. Loss attributable to common stockholders were $63,000 or $0.00 per basic and diluted common share compared to loss of $1,749,000 or $0.11 per basic and diluted common share a year ago. Net income was $170,000 compared to net loss of $1,749,000 a year ago, primarily due to a $2.4 million increase in net interest income, a $471,000 increase in noninterest income and a $523,000 decrease in provision expense, partially offset by a $1.4 million increase in noninterest expense. Return on average assets was 0.08% against negative return on average assets of 1.00% and return on average equity was 0.85% against negative return on equity of 10.26% reported last year. Book value per common share was $1.41 against $1.39 for the same period a year ago.

Central Federal Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Central Federal Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $2,043,000 compared to $1,294,000 a year ago. Income before income taxes was $98,000 compared to loss before income taxes of $554,000 a year ago. Earnings attributable to common stockholders were $39,000 compared to $0.00 per basic and diluted share compared to losses attributable to common stockholders of $554,000 or $0.04 per basic and diluted share a year ago. Return on average assets was 0.14% compared to negative return on average assets of 0.94% a year ago. Return on average equity was 1.57% compared to negative return on average equity of 9.77% a year ago. The increase in net income for the quarter was primarily due to a $749,000 increase in net interest income, a $89,000 increase in noninterest income and a $216,000 decrease in provision expense, offset by an $402,000 increase in noninterest expense. For the six months period, the company reported net interest income of $3,804,000 compared to $2,480,000 a year ago. Loss before income taxes was $116,000 compared to $1,364,000 a year ago. Losses attributable to common stockholders were $175,000 compared to $0.01 per basic and diluted share compared to $1,364,000 or $0.09 per basic and diluted share a year ago. Negative return on average assets was 0.09% compared to 1.21% a year ago. Negative return on average equity was 0.97% compared to 11.86% a year ago. Book value per common share as at June 30, 2014 was $1.42 compared to $1.41 a year ago. Tangible book value per common share as at June 30, 2014 was $1.42 compared to $1.41 a year ago. The increase in net interest income was primarily due to a $644,000, or 35.1%, increase in interest income, coupled with a $105,000, or 19.4%, decrease in interest expense.

Central Federal Corp., Special/Extraordinary Shareholders Meeting, Sep 08, 2014

Central Federal Corp., Special/Extraordinary Shareholders Meeting, Sep 08, 2014., at 10:30 US Eastern Standard Time. Location: J. Liu Restaurant (Worthington Room) located at 6880 N. High Street,. Agenda: To consider and vote upon a proposal to approve the issuance of shares of the company's common stock issuable upon the conversion of the company's non-cumulative convertible perpetual preferred stock, series B, and the exercise of warrants as required by and in accordance with NASDAQ Marketplace Rule 5635; and to transact such other business as may properly come before the Special Meeting and any adjournment thereof.

 

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Valuation CFBK Industry Range
Price/Earnings 26.8x
Price/Sales 2.3x
Price/Book 0.6x
Price/Cash Flow 20.6x
TEV/Sales NM Not Meaningful
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