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) 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.
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.
C&F Financial Corporation (CFFI) announced a consolidated net income of $7.8 million for Q3 2021, a 13% increase from Q3 2020. Adjusted net income rose to $7.7 million, reflecting a 12% growth. For the first nine months, net income surged 61% to $23.1 million. Average loans at community banking and consumer finance segments rose 5.7% and 10% respectively. The mortgage banking segment reported a 53% decline in net income for Q3. A quarterly cash dividend of $0.40 was declared, with a payout ratio of 18.5%.
The Board of Directors of C&F Financial Corporation (NASDAQ:CFFI) has declared a cash dividend of 40 cents per share, payable on October 1, 2021 to shareholders of record as of September 15, 2021. The board continuously assesses the dividend amount and payout ratio based on economic conditions, capital needs, and future earnings expectations. C&F Bank operates 31 banking offices and provides various financial services including wealth management and mortgage origination across several states.
C&F Financial Corporation (CFFI) reported a consolidated net income of $8.1 million for Q2 2021, a 116% increase from Q2 2020. Adjusted net income rose 102% to $8.09 million. Earnings per share were $2.19, up from $1.03 YoY, with a return on average assets of 1.50% and return on average equity of 16.49%. The first six months showed a similar trend, with net income of $15.3 million, a 107% increase YoY. The company experienced a net reversal of loan loss provisions, indicating strong asset quality amidst ongoing economic recovery.
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