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 (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.
C&F Financial Corporation (NASDAQ:CFFI) has declared a cash dividend of 40 cents per share, an increase of 5.3% from the previous quarter's 38 cents. This dividend is payable on July 1, 2021, to shareholders of record as of June 15, 2021. The board regularly evaluates the dividend amount considering economic conditions and future earnings outlook.
C&F Financial Corporation (NASDAQ: CFFI) reported a record consolidated net income of $7.2 million for Q1 2021, a 97% increase from Q1 2020. Adjusted net income rose to $7.2 million, up 62% year-over-year. Significant developments include a decrease in the provision for loan losses to $280,000 from $2.7 million in Q1 2020 and a 65% increase in mortgage banking segment net income. The community banking segment net income reached $2.8 million, and the company declared a quarterly dividend of 38 cents per share.
The board of directors of CFFI has approved a regular cash dividend of 38 cents per share, set to be paid on April 1, 2021, to shareholders on record as of March 12, 2021. This decision reflects ongoing evaluations of economic conditions, capital requirements, and anticipated future earnings. CFFI operates 31 retail banking offices and provides various financial services across several states, including mortgage and auto loans.
C&F Financial Corporation (NASDAQ:CFFI) reported record consolidated net income of $8.1 million for Q4 2020, up from $4.4 million in Q4 2019. Adjusted net income was $7.1 million, reflecting strong loan growth and reduced interest expenses. The annualized ROE and ROA reached 17.80% and 1.57% for Q4 2020, respectively. For the full year, net income was $22.4 million, compared to $18.9 million in 2019. Key growth factors included a 9.9% increase in average loans and significant gains from mortgage banking operations, with net income surging 198% in Q4 2020.
C&F Financial Corporation (NASDAQ:CFFI) has declared a cash dividend of 38 cents per common share, payable on January 1, 2021, with a record date of December 14, 2020. The board continuously assesses dividend amounts considering economic conditions and future earnings. Additionally, a share repurchase program has been authorized to buy back up to 365,000 shares until November 30, 2021. This initiative allows for flexibility in repurchasing shares based on various market factors.
C&F Financial Corporation (NASDAQ:CFFI) reported a record consolidated net income of $6.9 million or $1.86 per share for Q3 2020, up from $4.9 million or $1.42 per share in Q3 2019. For the first nine months of 2020, net income totaled $14.3 million or $3.87 per share, a slight decrease from $14.5 million in the same period of 2019. The community banking segment faced challenges with higher provisions for loan losses and increased expenses, impacting net income negatively. However, mortgage banking profits surged due to record loan production.
C&F Financial Corporation (NASDAQ:CFFI) announced the appointment of Dr. Jeffery O. Smith as a director effective September 15, 2020. With over 30 years in public education and currently the superintendent of Hampton City Schools, Dr. Smith brings valuable experience. He has been recognized as the 2020 Virginia Superintendent of the Year and has served on various boards including Sentara Healthcare and the Williamsburg Health Foundation. His leadership is expected to enhance C&F's organizational and community engagement.
