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.
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C&F Financial Corporation (NASDAQ:CFFI) announced the appointment of Dr. Julie R. Agnew as a director, effective January 17, 2023. Dr. Agnew previously served on the board from 2017 to August 2022, when she left to work for an investment manager. Now returning to academia, she is the Richard C. Kraemer Term Professor at William & Mary’s Mason School of Business. CEO Tom Cherry expressed enthusiasm for Dr. Agnew's extensive expertise, which will benefit the Corporation. C&F Bank operates numerous offices across Virginia, offering a range of financial services including mortgage and wealth management.
C&F Financial Corporation (NASDAQ:CFFI) has declared a regular cash dividend of 42 cents per common share, payable on January 1, 2023 to shareholders recorded by December 15, 2022. Additionally, the board has authorized a stock repurchase program effective December 1, 2022, allowing repurchases of up to $10 million of common stock through December 31, 2023. This program follows a previous repurchase initiative that acquired 85,574 shares for $4.4 million since December 2021.
C&F Financial Corporation (NASDAQ: CFFI) reported a consolidated net income of $6.5 million for Q3 2022, down $1.3 million from Q3 2021. Year-to-date net income for 2022 stands at $19.1 million, a decline of $4.0 million year-on-year. Key highlights include an 8.6% growth in community banking loans and a substantial 26.2% increase in consumer finance loans. However, mortgage banking segment originations plummeted by nearly 49% amidst rising interest rates. A quarterly dividend of 42 cents per share was declared, reflecting a 5% increase from the previous quarter.
The board of directors of CFFI has declared a cash dividend of 42 cents per share, payable on October 1, 2022 to shareholders of record as of September 15, 2022. This marks a 5 percent increase from the previous dividend of 40 cents.
The Board regularly assesses cash dividends and payout ratios based on economic conditions and expected earnings.
C&F Financial Corporation (NASDAQ: CFFI) reported a consolidated net income of $6.8 million for Q2 2022, down $1.3 million from Q2 2021. For the first half of 2022, net income fell to $12.5 million, a decrease of $2.7 million year-over-year. The community banking segment demonstrated loan growth of 16.9% annualized, while the consumer finance segment saw a 40.7% increase. However, mortgage banking volumes dropped significantly by 44.6% in Q2 due to rising interest rates. The quarterly dividend remained consistent at $0.40 per share.
The board of directors of CFFI has declared a regular cash dividend of 40 cents per share, to be paid on July 1, 2022, for shareholders of record on June 15, 2022. This decision reflects the board's ongoing assessment of economic conditions, capital requirements, and anticipated earnings. C&F operates multiple banking and lending offices across Virginia and neighboring states, providing comprehensive financial services, including wealth management and mortgage origination.
C&F Financial Corporation (NASDAQ: CFFI) reported a consolidated net income of $5.7 million for Q1 2022, a decline of 20% compared to Q1 2021. The company noted adjusted net income decreased by 20.8%. Key highlights include a 6.3% increase in average loans in community banking and 21.3% growth in consumer finance loans. However, mortgage banking saw a 55.1% drop in loan originations. The net interest margin was 3.93%, down from 4.33% a year prior. The company declared a dividend of 40 cents per share, indicating a 25.2% payout ratio.
The board of directors of C&F Financial Corporation (NASDAQ:CFFI) has announced a regular cash dividend of 40 cents per share. This dividend is payable on April 1, 2022, to shareholders who are on record by March 15, 2022.
The Board continuously evaluates the dividend amount and payout ratio based on economic conditions, capital needs, and anticipated earnings.
CFFI reported record consolidated net income of $29.1 million for the year ended December 31, 2021, marking a 30% increase from 2020. Adjusted net income rose 34% to $30.0 million. The fourth quarter net income was $6.0 million, a 26% decrease year-over-year. Average loans in community banking and finance segments increased by 5.8% and 15.1%, respectively, while interest expenses saw a decline of $1.1 million in Q4. Despite challenges like inflation and low interest rates, CFFI's diversified strategy positions it for future growth.
The board of directors of CFFI has declared a regular cash dividend of 40 cents per share, payable on January 1, 2022, to shareholders recorded by December 15, 2021. This decision reflects a careful review of economic conditions and capital requirements. Additionally, effective December 1, 2021, the board authorized a stock repurchase program to buy back up to $10 million of common stock through November 30, 2022. Previous programs have seen 150,419 shares repurchased at a cost of $7.5 million, indicating strong confidence in the company’s value.
