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C&F Financial Corp. - CFFI STOCK NEWS

Welcome to our dedicated page for C&F Financial news (Ticker: CFFI), a resource for investors and traders seeking the latest updates and insights on C&F Financial stock.

Overview of C&F Financial Corp

C&F Financial Corp (CFFI) is a venerable American bank holding company with deep roots in community banking. Founded in 1927, the company has built a strong foundation on personalized service, a wide range of diversified financial products, and a commitment to the communities it serves. With a focus on community banking, mortgage banking, and consumer finance, CFFI has established a reputation for reliability and trust through both traditional banking methods and innovative lending solutions.

Business Model and Core Operations

The company's business model is centered on offering a broad spectrum of financial services, predominantly through its Community Banking division. This segment addresses the needs of local businesses and individual customers by providing a variety of lending solutions such as residential mortgage loans, commercial real estate loans, and other tailored credit facilities. In addition to community banking, CFFI operates through dedicated Mortgage Banking and Consumer Finance segments that facilitate loans for land acquisition, development projects, and non-prime automobile lending, ensuring it addresses diverse market demands.

Community Banking Legacy and Local Impact

C&F Financial Corp has maintained its community banking heritage by blending the deep connections of a local bank with the robust capabilities of a larger financial institution. This unique positioning enables the company to offer personalized services at neighborhood branches while leveraging a diversified product suite. Customers benefit from relationships built on trust and familiarity, with staff who are well-versed in local market dynamics and committed to outstanding service.

Diversification and Financial Services Excellence

The diversified range of financial products offered by the company not only caters to traditional lending needs, but also supports niche segments such as non-prime automobile lending and specialized development loans. This extensive portfolio allows CFFI to respond effectively to evolving customer needs and maintain a stable revenue base across its operational segments. The company's emphasis on high-quality service, coupled with a keen understanding of regulatory landscapes and market pressures, enhances its standing as a dependable financial institution.

Market Position and Competitive Landscape

Operating in a competitive landscape where many smaller institutions are absorbed into larger conglomerates, C&F Financial Corp has steadfastly remained independent. This independence underlines its commitment to maintaining close community ties and the agility to tailor its products to specific local markets. While other banks may leverage scale, CFFI differentiates itself by knowing its customers by name and providing consistent, value-added service, making it a solid example of a community-focused bank that has successfully scaled its operations without losing its local touch.

Operational Strength and Industry Expertise

The company’s operational strength is derived from its robust employee expertise and the longstanding focus on customer satisfaction. Every facet of its operations, from assessing loan risk to personalizing financial solutions, reflects the company’s deep industry knowledge and commitment to excellence. C&F Financial Corp’s leadership in offering comprehensive financial services is built on a foundation of prudent risk management, rigorous internal controls, and an ongoing commitment to innovation within traditional banking practices.

Conclusion

Overall, C&F Financial Corp presents an exemplary model of a community bank that has evolved to serve a broader market while staying true to its original mission. Through its diversified operations in community banking, mortgage banking, and consumer finance, the company continues to demonstrate a balanced approach to growth and personalized banking service. Its operational philosophy, deeply embedded in local market knowledge and customer relationships, underscores its role as a trusted institution in the financial services landscape.

Rhea-AI Summary

C&F Financial (NASDAQ:CFFI) has announced a 5 percent increase in its quarterly cash dividend to 46 cents per share, up from the previous 44 cents. The dividend will be payable on April 1, 2025, to shareholders of record as of March 14, 2025.

The company operates through multiple subsidiaries: C&F Bank with 31 banking offices and four commercial loan offices in Virginia, C&F Wealth Management providing full wealth management services, C&F Mortgage offering mortgage loan origination services, and C&F Finance Company focusing on vehicle loans in the Mid-Atlantic, Midwest and Southern United States.

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C&F Financial (NASDAQ: CFFI) reported consolidated net income of $6.0 million for Q4 2024, up from $5.1 million in Q4 2023. However, annual net income decreased to $19.9 million in 2024 from $23.7 million in 2023.

Key highlights include: Community banking segment loans grew 14.1% year-over-year; deposits increased 5.1%; consolidated net interest margin was 4.13% in Q4 2024 versus 4.17% in Q4 2023. The mortgage banking segment increased loan originations by 32.8% to $130.4 million in Q4 2024, while the consumer finance segment faced challenges with higher charge-offs at 2.62% of average total loans in 2024 compared to 1.99% in 2023.

The company maintained strong liquidity with $288.1 million in liquid assets and $606.2 million in borrowing availability. Total consolidated equity increased, and the bank remains well-capitalized under regulatory requirements.

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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.

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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.

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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.

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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.

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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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C&F Financial (CFFI) announced a decrease in net income for the first quarter of 2024 compared to the same period in 2023. The company reported consolidated net income of $3.4 million, down from $6.5 million in the first quarter of 2023. Earnings per share also decreased from $1.86 to $1.01. The annualized return on average equity, tangible common equity, and assets also saw a decline.
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C&F Financial Corporation (CFFI) declares a regular cash dividend of 44 cents per share, payable on April 1, 2024, to shareholders of record on March 15, 2024. The Board of Directors reviews dividends based on economic conditions, capital needs, and future earnings.
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C&F Financial Corporation (CFFI) reported a 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. The adjusted net income, a non-GAAP financial measure, was $23.7 million for 2023 compared to $27.0 million for 2022. The financial highlights also include earnings per share, return on average assets, return on average equity, and return on average tangible common equity.
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FAQ

What is the current stock price of C&F Financial (CFFI)?

The current stock price of C&F Financial (CFFI) is $68.4 as of April 2, 2025.

What is the market cap of C&F Financial (CFFI)?

The market cap of C&F Financial (CFFI) is approximately 221.6M.

What are the primary business segments of C&F Financial Corp?

The company operates through three primary segments: Community Banking, Mortgage Banking, and Consumer Finance. Each segment is tailored to serve the diverse financial needs of both individuals and businesses.

How does C&F Financial Corp support local communities?

C&F Financial Corp maintains its local banking heritage by offering personalized service and maintaining neighborhood branches. This approach ensures that customers receive tailored financial solutions from staff who are familiar with the local market.

What types of lending services does the company provide?

The company offers a wide array of lending services including residential mortgage loans, commercial real estate loans, non-prime automobile lending, land acquisition and development loans, and various consumer loan products.

How does the company differentiate itself in a competitive market?

C&F Financial Corp differentiates itself by combining the personalized service of a community bank with the capabilities of a larger institution. Its focus on deep local connections and a diversified product portfolio sets it apart from competitors.

What is the historical significance of C&F Financial Corp?

Founded in 1927, C&F Financial Corp has a long-standing legacy of serving local communities. Its historical commitment to personalized service and a diverse range of quality financial products has contributed to its enduring reputation.

In what ways does the company ensure quality service?

The company emphasizes well-trained, dedicated employees and a commitment to outstanding customer service. This focus on quality is reflected in its detailed understanding of local market dynamics and rigorous internal control measures.

What markets does C&F Financial Corp primarily serve?

The company primarily serves regional markets through its community banking operations while also catering to broader lending needs through its mortgage and consumer finance segments. This dual focus enables it to address both local and wider market demands.
C&F Financial Corp.

Nasdaq:CFFI

CFFI Rankings

CFFI Stock Data

221.62M
3.02M
7.14%
38.16%
0.84%
Banks - Regional
State Commercial Banks
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United States
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