Central Federal (CFBK) Reports Q4 EPS of $0.15

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Go back to Central Federal (CFBK) Reports Q4 EPS of $0.15

Central Federal Corporation Announces 4th Quarter 2015 Net Income and 2015 Annual Operating Results

March 22, 2016 1:00 PM EDT

WORTHINGTON, Ohio, March 22, 2016 /PRNewswire/ -- Central Federal Corporation (NASDAQ: CFBK) (the "Company") announced that net income for the three months ended December 31, 2015 totaled $3.4 million and increased $3.1 million, compared to net income of $309,000 for the three months ended December 31, 2014.  The increase in net income was due to a $3.2 million credit to income tax expense as a result of the reversal of a deferred tax valuation allowance, a $25,000 decrease in provision expense, and a $170,000 decrease in noninterest expense, partially offset by a $238,000 decrease in noninterest income.

Net income attributable to common stockholders for the... More