C&F Financial

C&F Financial Corp. is a bank holding company engaged in the provision of banking services to individuals and businesses. It operates its business through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, business, real estate, development, mortgage, home equity, and installment loans. The Mortgage Banking segment offers ancillary mortgage loan origination services for loan settlement and residential appraisals. The Consumer Finance segment consists of automobile financing through lending programs that are designed to serve customers in the non-prime market who have limited access to traditional automobile financing. The company was founded on March 8, 1994 and is headquartered in Toano, VA.

Earnings data Q1 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

C&F Financial Corp. is a bank holding company, which engages in the provision of banking services to individuals and businesses. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, business, real estate, development, mortgage, home equity, and installment loans. The Mortgage Banking segment offers ancillary mortgage loan origination services for loan settlement and residential appraisals. The Consumer Finance segment consists of automobile financing through lending programs that are designed to serve customers in the non-prime market who have limited access to traditional automobile financing. The company was founded on March 8, 1994 and is headquartered in Toano, VA.

TOANO, Va., April 19, 2024 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the holding company for C&F Bank, today reported consolidated net income of $3.4 million for the first quarter of 2024, compared to $6.5 million for the first quarter of 2023. The following table presents selected financial performance highlights for the periods indicated:

C&F Financial Corporation Announces Net Income for First Quarter

TOANO, Va., Feb. 22, 2024 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) (the Corporation) has declared a regular cash dividend of 44 cents per share, which is payable April 1, 2024 to shareholders of record on March 15, 2024.

C&F Financial Corporation Announces Quarterly Dividend

TOANO, Va., Jan. 24, 2024 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the holding company for C&F Bank, today reported consolidated net income of $23.7 million for the year ended December 31, 2023, compared to $29.4 million for the year ended December 31, 2022. Included in net income for the year ended December 31, 2022 were the effects of real estate disposal activity related to branch consolidation and a change in accounting policy election related to the fair value of certain equity investments. Adjusted net income, a non-GAAP financial measure, was $23.7 million for the year ended December 31, 2023 compared to $27.0 million for the year ended December 31, 2022, which excludes the effects of the items mentioned above. The following table presents selected financial performance highlights for the periods indicated:

C&F Financial Corporation Announces Net Income for 2023

TOANO, Va., Dec. 20, 2023 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) (the Corporation) has authorized a program, effective January 1, 2024, to repurchase up to $10 million of the Corporation's common stock through December 31, 2024. Repurchases under the program may be made through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and shares repurchased will be returned to the status of authorized and unissued shares of common stock. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by management in its discretion and will depend on a number of factors, including the market price of the shares, general market and economic conditions, applicable legal requirements and other conditions, and there is no assurance that the Corporation will purchase any shares under the program. The Corporation's previous share repurchase program was last authorized by the board of directors in November 2022 for the repurchase of up to $10 million of the Corporation's common stock and will expire on December 31, 2023. Under that program, beginning in December 2022, the Corporation has repurchased 135,327 shares of its common stock for an aggregate cost of $7.5 million.

C&F Financial Corporation Reauthorizes Share Repurchase Program

TOANO, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the one-bank holding company for C&F Bank, today reported consolidated net income of $5.8 million for the third quarter of 2023, which represents a decrease of $768,000, or 11.7 percent, as compared to the third quarter of 2022. The Corporation reported consolidated net income of $18.7 million for the first nine months of 2023, which represents a decrease of $405,000, or 2.1 percent, as compared to the first nine months of 2022. The following table presents selected financial performance highlights for the periods indicated:

C&F Financial Corporation Announces Net Income for Third Quarter and First Nine Months

TOANO, Va., Aug. 16, 2023 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) (the Corporation) has declared a regular cash dividend of 44 cents per share, which is payable October 1, 2023 to shareholders of record on September 15, 2023.

C&F Financial Corporation Announces Quarterly Dividend

TOANO, Va., July 26, 2023 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the one-bank holding company for C&F Bank, today reported consolidated net income of $6.4 million for the second quarter of 2023, which represents a decrease of $399,000, or 5.9 percent, as compared to the second quarter of 2022. The Corporation reported consolidated net income of $12.9 million for the first six months of 2023, which represents an increase of $363,000, or 2.9 percent, as compared to the first six months of 2022. The following table presents selected financial performance highlights for the periods indicated:

C&F Financial Corporation Announces Net Income for Second Quarter and First Six Months

Ameren

Federal Agricultural

Albemarle

Allegion

Cincinnati Financial

Canadian Natural Resources

CSG Systems International

Capital Southwest

Domino's Pizza

Enterprise Financial Services

Extra Space Storage

First Financial Northwest

Franco-Nevada C

Gilead Sciences

iShares Cohen & Steers REIT ETF

Coca-Cola

Merchants Bancorp

NorthWestern

NXP Semiconductors

Universal Display

Prologis

Douglas Dynamics

RCI Hospitality

All these stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 8.1% and a median increase of 6.8%.

37 Upcoming Dividend Increases, Including 2 Dividend Kings

TOANO, Va., Feb. 23, 2023 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) (the Corporation) has declared a regular cash dividend of 44 cents per share, which is payable April 1, 2023 to shareholders of record on March 15, 2023. This dividend represents a 5 percent increase over the prior quarter's dividend amount of 42 cents per share.

C&F Financial Corporation Announces Increase in Quarterly Dividend

TOANO, Va., Jan. 24, 2023 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the one-bank holding company for C&F Bank, today reported consolidated net income of $29.4 million for the year ended December 31, 2022, which represents an increase of $246,000, or less than one percent, as compared to the year ended December 31, 2021. Included in net income for the year ended December 31, 2022 were the effects of real estate disposal activity related to branch consolidation and a change in accounting policy election related to the fair value of certain equity investments. Included in net income for the year ended December 31, 2021 was pension settlement accounting expense. Adjusted net income, a non-GAAP financial measure, decreased $3.0 million, or 10.1 percent, for the year ended December 31, 2022 compared to the year ended December 31, 2021, which excludes the effects of the items mentioned above.

C&F Financial Corporation Announces Net Income for 2022

TOANO, Va., Jan. 19, 2023 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ:CFFI), the one-bank holding company for C&F Bank, announced today that its Board of Directors appointed Dr. Julie R. Agnew to serve as a director of the Corporation effective January 17, 2023. She will also serve as a director of the Bank.

C&F Financial Corporation Announces Appointment of New Board Member

TOANO, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) (the Corporation) has declared a regular cash dividend of 42 cents per common share, which is payable January 1, 2023 to shareholders of record on December 15, 2022. The board of directors of the Corporation continually reviews the amount of cash dividends per share and the resulting dividend payout ratio in light of changes in economic conditions, current and future capital requirements, and expected future earnings.

C&F Financial Corporation Declares Quarterly Dividend and Authorizes Share Repurchase Program

TOANO, Va., April 21, 2022 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the one-bank holding company for C&F Bank, today reported consolidated net income of $5.7 million for the first quarter of 2022, which represents a decrease of $1.4 million, or 20.0 percent, as compared to the first quarter of 2021. Adjusted net income decreased $1.5 million, or 20.8 percent, for the first quarter of 2022 compared to the first quarter of 2021.

C&F Financial Corporation Announces Net Income for First Quarter

TOANO, Va., Jan. 25, 2022 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the one-bank holding company for C&F Bank, today reported consolidated net income of $29.1 million for the year ended December 31, 2021, which is the highest consolidated net income for any year in the Corporation's history and represents an increase of $6.7 million, or 30 percent, as compared to the year ended December 31, 2020. Adjusted net income increased $7.6 million, or 34 percent, for the year ended December 31, 2021 compared to the year ended December 31, 2020.

C&F Financial Corporation Announces Record Net Income for 2021

Agilent Technologies

Accenture Plc

Automatic Data Processing

Allstate

Andersons

Air Products and Chemicals

Algonquin Power & Utilities

Alexandria Real Estate Equities

Artesian Resources

Atrion

Broadcom

Axis Capital

Brookfield Asset Management

BancFirst

Becton, Dickinson and Co.

Franklin Resources

Brookfield Renewable Partners

Brookfield Infrastructure Partners L.P.

Bank of South Carolina

Bristol-Myers

Cardinal Health

C.H. Robinson Worldwide

A weekly summary of dividend activity for Dividend Champions and Contenders.

Dividend Champion And Contender Highlights: Week Of September 26

TOANO, Va., July 22, 2021 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the one-bank holding company for C&F Bank, today reported quarterly consolidated net income of $8.1 million for the second quarter of 2021, which represents an increase of $4.3 million, or 116 percent, compared to the second quarter of 2020. Adjusted net income increased $4.1 million, or 102 percent, for the second quarter of 2021 compared to the second quarter of 2020.

C&F Financial Corporation Announces Net Income for Second Quarter and First Six Months

Alerus Financial Corp

American Tower

Chubb

Chesapeake Utilities

First Financial Bankshares

First Savings Financial Group

J & J Snack Foods

Leggett & Platt

National Storage Affiliates Trust

Sonic Automotive

Universal Health Realty Income Trust

Worthington Industries

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 13.6% and a median of 6.7%.

15 Upcoming Dividend Increases Including A New Dividend King

Gaming and Leisure Properties

Kearny Financial

LCI Industries

Lennox International

Monro

MVB Financial

Northrop Grumman

This article series provides a weekly summary of dividend changes. A table with relevant data and key statistics of dividend increases is provided.

Dividend Increases: May 15-21, 2021

TOANO, Va., April 22, 2021 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the one-bank holding company for C&F Bank, today reported record quarterly consolidated net income of $7.2 million for the first quarter of 2021, which represents an increase of $3.5 million, or 97 percent, as compared to the first quarter of 2020 and is the highest reported net income for the first quarter of any year in the Corporation's history. Adjusted net income for the first quarter of 2021 was $7.2 million, which represents an increase of $2.7 million, or 62 percent, as compared to the first quarter of 2020.

C&F Financial Corporation Announces Record Net Income for First Quarter

WEST POINT, Va., Jan. 27, 2021 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ:CFFI), the one-bank holding company for C&F 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 Corporation's 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.

C&F Financial Corporation Announces Record Net Income for 2020

WEST POINT, Va., Oct. 27, 2020 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ:CFFI), the one-bank holding company for C&F Bank, today reported record consolidated net income of $6.9 million, or $1.86 per share, for the third quarter of 2020, compared to $4.9 million, or $1.42 per share, for the third quarter of 2019.  The Corporation reported consolidated net income of $14.3 million for the first nine months of 2020, or $3.87 per share, compared with $14.5 million, or $4.19 per share, for the first nine months of 2019. Annualized returns on average equity (ROE) for the third quarter and first nine months of 2020 were 15.47 percent and 10.73 percent, respectively, compared to 12.28 percent and 12.45 percent in the same periods in 2019.  Annualized returns on average assets (ROA) for the third quarter and first nine months of 2020 were 1.39 percent and 0.99 percent, respectively, compared to 1.25 percent for each of the same periods in 2019.

C&F Financial Corporation Announces Record Third Quarter Net Income

TOANO, Va., Sept.  29, 2020  (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ:CFFI), the one-bank holding company for C&F Bank, announced today that it has completed the issuance of $20 million in aggregate principal amount of 4.875% fixed-to-floating rate subordinated notes due in 2030 (the Notes) in a private placement transaction. The Notes will initially bear interest at a fixed rate of 4.875% for five years and will reset quarterly thereafter at the then current three month SOFR plus 475.5 basis points. The Notes may be redeemed by the Corporation beginning on September 30, 2025. The Notes are structured to qualify as Tier 2 capital of the Corporation under regulatory guidelines for bank holding companies. The proceeds from the issuance will be used for general corporate purposes and to support future growth opportunities.

C&F Financial Corporation Announces Issuance of $20 Million of Subordinated Notes

AvalonBay Communities

B&G Foods

Berkshire Hills Bancorp

Brookfield Property Partners

Brookfield Property Partners L.P. - 6.375% PRF PERPETUAL USD 25 - Cls A Ser 2

Brookfield Property Partners L.P. - 6.50% PRF PERPETUAL USD 25 - Ser 1 Cls A

BancorpSouth Bank

Crown Castle International

CareTrust REIT

Dillard's

Dollar General

Quest Diagnostics

Amdocs

Meridian Bancorp

EastGroup Properties

A weekly summary of dividend activity for Dividend Challengers.

Dividend Challenger Highlights: Week Of September 27

TOANO, Va., Aug.  21, 2020  (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ:CFFI), the one-bank holding company for C&F Bank, announced today that its Board of Directors has appointed Dr. Jeffery O. Smith to serve as a director of the Corporation effective September 15, 2020.  Dr. Smith will also serve as a director of the Bank.  Dr. Smith has served for over 30 years in public education as an educator and administrator, including work in eight public school divisions and serving as the current superintendent of Hampton City Schools in Hampton, Va.  His many accomplishments in his career in education include being recognized as the 2020 Virginia Superintendent of the Year.  Dr. Smith has also been a leader in many community and civic organizations, which has included serving on the boards of directors of Sentara Healthcare, Smart Beginnings of the Virginia Peninsula and Virginia Air and Space Center, and on the board of trustees for the Williamsburg Health Foundation.  He also has served for close to a decade in ministerial leadership in Richmond, Va.

C&F Financial Corporation Announces  Appointment of New Board Member

WEST POINT, Va., Feb.  20, 2020  (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) has declared a regular cash dividend of 38 cents per share, which is payable April 1, 2020 to shareholders of record on March 13, 2020. 

C&F Financial  Corporation Announces Quarterly Dividend

News for C&F Financial Stock (CFFI)