 WEST POINT, Va., Jan. 27, 2021 GLOBE NEWSWIRE -- CF Financial Corporation the Corporation NASDAQ:CFFI, the one-bank holding company for CF Bank, today reported record quarterly consolidated net income of 8.1 million for the fourth quarter of 2020, or 2.19 per share, compared with 4.4 million, or 1.27 per share, for the fourth quarter of 2019. The Corporation uses adjusted net income, which is a non-GAAP measure of financial performance, to provide meaningful information about operating performance by excluding the effects of certain items that management does not expect to have an ongoing impact on consolidated net income. Adjusted net income for the fourth quarter of 2020 was 7.1 million, or 1.91 per share, compared to 4.6 million, or 1.35 per share, for the fourth quarter of 2019. For the fourth quarter of 2020, on an annualized basis, the Corporations returns on average equity ROE and on average assets ROA were 17.80 percent and 1.57 percent, respectively, compared to 10.78 percent and 1.06 percent for the fourth quarter of 2019, on an annualized basis. Adjusted ROE and adjusted ROA, on an annualized basis, were 15.54 percent and 1.37 percent, respectively, for the fourth quarter of 2020, compared to 11.44 percent and 1.13 percent, respectively, for the fourth quarter of 2019. 