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 Corporation (NASDAQ: CFFI) reported a consolidated net income of $6.5 million for Q1 2023, a 13.3% increase from Q1 2022. Earnings per share rose to $1.86, with an annualized return on average equity of 12.87%. The community banking segment experienced an 83% increase in earnings, driven by higher net interest income and loan growth. However, the mortgage banking and consumer finance segments faced challenges: mortgage loan originations decreased by 39% year-over-year, while the consumer finance segment's net income dropped 76%. Total deposits fell slightly by 1.6% annualized, but liquidity remains strong with a borrowing availability of $658.3 million. The quarterly cash dividend was raised by 5% to $0.44 per share.
The board of directors of C&F Financial Corporation (NASDAQ:CFFI) has declared a cash dividend of 44 cents per share, marking a 5% increase from the previous quarter's 42 cents. This dividend is payable on April 1, 2023, to shareholders of record on March 15, 2023. The board continuously evaluates the dividend amount based on economic conditions, capital requirements, and future earnings.
C&F Financial operates multiple banking and financial service branches across several states, including Virginia, Maryland, and North Carolina.
C&F Financial Corporation (NASDAQ: CFFI) reported a consolidated net income of $29.4 million for the year ended December 31, 2022, showing a slight increase from $29.1 million in 2021. Adjusted net income decreased by 10.1% to $27.0 million, impacted by the mortgage banking segment's 62.3% drop in loan originations due to rising interest rates. The community banking segment thrived, contributing $10.6 million in net income for Q4 2022, a significant rise from $3.2 million in Q4 2021, fueled by higher interest income. Total net income for Q4 2022 was $10.3 million, reflecting a 70.6% jump year-over-year.
