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.
C&F Financial Corp (CFFI) provides this centralized news hub for stakeholders tracking its community banking, mortgage lending, and consumer finance developments. Investors and analysts will find all material disclosures including earnings reports, regulatory filings, and strategic initiatives in one verified source.
This repository serves as a definitive resource for understanding CFFI's market position through quarterly results, leadership updates, and product launches. Users benefit from organized access to press releases about branch expansions, loan program enhancements, and corporate governance matters.
The page aggregates official announcements across CFFI's operational segments - from traditional deposit services to specialized non-prime auto lending. Content is maintained to reflect the company's commitment to transparency in regional financial services.
Bookmark this page for efficient monitoring of C&F Financial Corp's latest developments. Check back regularly for updates that matter to personal banking customers, commercial clients, and investment professionals alike.
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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