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C&F Financial Corp (CFFI) is a prominent American bank holding company that operates through its subsidiaries to offer a comprehensive range of banking and financial services to individuals and businesses. Established in 1927, C&F Financial Corp prides itself on its enduring commitment to community banking and exceptional customer service.
The company's operations are divided into three main segments: Community Banking, Mortgage Banking, and Consumer Finance. In the Community Banking segment, C&F Bank provides a variety of lending services including residential mortgage loans, commercial real estate loans, land acquisition and development loans, and consumer loans. The company generates the majority of its revenue from this segment, highlighting its central role in the company's portfolio.
The Mortgage Banking segment focuses on providing residential mortgage solutions, catering to homebuyers with competitive rates and a simplified approval process. Meanwhile, the Consumer Finance segment offers non-prime automobile lending, providing essential financial products to underserved markets.
Despite numerous changes in the financial landscape, C&F Financial Corp has maintained its independence, avoiding mergers and acquisitions that have affected many of its counterparts. This stability allows the company to offer personalized banking services characterized by high levels of trust and familiarity. Customers can expect to be greeted by name and to interact with employees who understand their financial needs.
Recent achievements highlight the company's robust financial health and strategic growth. As of the latest reporting periods, C&F Financial Corp has showcased impressive capital ratios and a strong balance sheet, underscoring its sound financial condition and regulatory compliance.
For more detailed financial data and updates on the latest company developments, including period-specific financial measures and reconciliations, please refer to the company's financial reports and news releases.
With over nine decades of banking experience, C&F Financial Corp continues to thrive, offering a diverse range of quality financial products while staying true to its community banking roots. The company remains committed to delivering outstanding service through its well-trained employees and maintaining a strong presence in every community it serves.
C&F Financial 's (NASDAQ:CFFI) board of directors has declared a regular cash dividend of 44 cents per share, payable January 1, 2025, to shareholders of record on December 13, 2024. C&F Bank operates 32 banking offices and four commercial loan offices across eastern and central Virginia, offering wealth management services through C&F Wealth Management. The company's mortgage and lending operations span multiple states through C&F Mortgage and C&F Finance Company, providing various loan services including automobile, marine, and recreational vehicle financing.
C&F Financial (CFFI) reported consolidated net income of $5.4 million for Q3 2024, down from $5.8 million in Q3 2023. For the first nine months of 2024, net income was $13.9 million compared to $18.7 million in 2023. Key highlights include community banking segment loan growth of 16.6% annualized, deposit increase of 4.5% annualized, and mortgage banking segment loan originations of $157.0 million in Q3. The consumer finance segment experienced higher net charge-offs at 2.36% of average total loans. The company maintained strong liquidity with $287.4 million in liquid assets and $583.8 million in borrowing availability.
C&F Financial (NASDAQ:CFFI) has announced a regular cash dividend of 44 cents per share, payable on October 1, 2024 to shareholders of record as of September 13, 2024. The company's board of directors regularly reviews dividend amounts and payout ratios considering economic conditions, capital requirements, and expected future earnings.
C&F Bank operates 31 banking offices and four commercial loan offices in eastern and central Virginia, offering full wealth management services through its subsidiary. C&F Mortgage and C&F Select provide mortgage loan origination services across multiple states. C&F Finance Company offers automobile, marine, and recreational vehicle loans through indirect lending programs in 21 states from its headquarters in Henrico, Virginia.
C&F Financial (NASDAQ: CFFI) reported consolidated net income of $5.0 million for Q2 2024, compared to $6.4 million for Q2 2023. For the first six months of 2024, net income was $8.5 million, down from $12.9 million in the same period of 2023. Key highlights include:
- Community banking segment loans grew 17.8% annualized
- Consumer finance segment loans grew 4.2% annualized
- Deposits increased 3.9% annualized
- Consolidated annualized net interest margin was 4.12%
- Mortgage banking segment loan originations were $146.0 million for Q2 2024
The company declared a quarterly cash dividend of $0.44 per share for Q2 2024. Total consolidated equity increased $1.6 million at June 30, 2024, compared to December 31, 2023.
C&F Financial (NASDAQ:CFFI) announced a regular cash dividend of 44 cents per share, payable on July 1, 2024, to shareholders of record as of June 14, 2024. The Board of Directors evaluates the dividend amount and payout ratio considering economic conditions, capital requirements, and projected earnings. C&F operates 31 banking offices and four commercial loan offices in eastern and central Virginia. Its subsidiaries include C&F Wealth Management, C&F Mortgage , and C&F Finance Company, which provide services ranging from wealth management to mortgage and vehicle loans across multiple states. More details are available on the company's website.
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