C&F Financial Corp. Financials

CFFI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows C&F Financial Corp. (CFFI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 41/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

C&F Financial Corp.'s revenue grew a modest -0.0% year-over-year to $127.3M. This slow but positive growth earns a score of 29/100.

Leverage

C&F Financial Corp. has elevated debt relative to equity (D/E of 10.32), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

C&F Financial Corp. converts 27.5% of revenue into free cash flow ($35.0M). This strong cash generation earns a score of 100/100.

Returns

C&F Financial Corp.'s ROE of 8.8% shows moderate profitability relative to equity, earning a score of 35/100. This is down from 10.9% the prior year.

Piotroski F-Score Neutral

4/9

C&F Financial Corp. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.94x

For every $1 of reported earnings, C&F Financial Corp. generates $1.94 in operating cash flow ($38.5M OCF vs $19.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$127.3M

YoY-0.0%

5Y CAGR+2.6%

10Y CAGR+1.9%

C&F Financial Corp. generated $127.3M in revenue in fiscal year 2024. This represents a decrease of 0.0% from the prior year.

EBITDA

N/A

Free Cash Flow

$35.0M

YoY-6.3%

10Y CAGR+0.8%

C&F Financial Corp. generated $35.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 6.3% from the prior year.

Net Income

$19.8M

YoY-16.0%

5Y CAGR+1.0%

10Y CAGR+4.9%

C&F Financial Corp. reported $19.8M in net income in fiscal year 2024. This represents a decrease of 16.0% from the prior year.

EPS (Diluted)

$6.01

YoY-13.2%

5Y CAGR+1.9%

10Y CAGR+5.3%

C&F Financial Corp. earned $6.01 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 13.2% from the prior year.

Cash & Debt

$65.6M

YoY-12.7%

5Y CAGR-16.9%

C&F Financial Corp. held $65.6M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.76

YoY+0.0%

5Y CAGR+3.4%

10Y CAGR+4.0%

C&F Financial Corp. paid $1.76 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

YoY-4.2%

5Y CAGR-1.2%

10Y CAGR-0.6%

C&F Financial Corp. had 3M shares outstanding in fiscal year 2024. This represents a decrease of 4.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

15.6%

YoY-3.0pp

5Y CAGR-1.3pp

10Y CAGR+3.9pp

C&F Financial Corp.'s net profit margin was 15.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.0 percentage points from the prior year.

Return on Equity

8.8%

YoY-2.1pp

5Y CAGR-2.7pp

10Y CAGR-1.2pp

C&F Financial Corp.'s ROE was 8.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$8.8M

YoY+12.9%

5Y CAGR+12.2%

10Y CAGR+49.1%

C&F Financial Corp. spent $8.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 12.9% from the prior year.

Capital Expenditures

$3.5M

YoY+138.9%

5Y CAGR+5.2%

10Y CAGR+6.7%

C&F Financial Corp. invested $3.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 138.9% from the prior year.

CFFI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$127.3M0.0%	$127.3M+3.8%	$122.7M-9.3%	$135.2M-2.1%	$138.1M+23.5%	$111.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$42.8M+62.0%	$26.4M+235.0%	$7.9M-5.6%	$8.4M-37.5%	$13.4M-8.1%	$14.6M
Income Tax	$4.2M-22.2%	$5.4M-28.7%	$7.6M-15.2%	$9.0M+31.8%	$6.8M+33.7%	$5.1M
Net Income	$19.8M-16.0%	$23.6M-19.1%	$29.2M+1.7%	$28.7M+29.6%	$22.1M+17.3%	$18.9M
EPS (Diluted)	$6.01-13.2%	$6.92-16.5%	$8.29+4.3%	$7.95+31.2%	$6.06+10.8%	$5.47

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$36.0M-0.9%	$36.4M+11.6%	$32.6M+1.7%	$32.0M-4.2%	$33.5M+7.4%	$31.2M+1.6%	$30.6M-3.4%	$31.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$11.6M+6.5%	$10.9M-0.7%	$11.0M-3.2%	$11.3M-0.9%	$11.4M+9.1%	$10.5M+9.8%	$9.6M+12.8%	$8.5M
Income Tax	$1.7M-7.7%	$1.9M+64.7%	$1.1M-6.3%	$1.2M-3.6%	$1.3M+4.6%	$1.2M+111.5%	$565K-49.1%	$1.1M
Net Income	$7.1M-8.0%	$7.7M+43.3%	$5.4M-11.1%	$6.0M+12.0%	$5.4M+7.6%	$5.0M+47.2%	$3.4M-32.9%	$5.1M
EPS (Diluted)	$2.18-8.0%	$2.37+42.8%	$1.66-10.3%	$1.85+12.1%	$1.65+10.0%	$1.50+48.5%	$1.01-33.1%	$1.51

CFFI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.6B+5.1%	$2.4B+4.6%	$2.3B+3.0%	$2.3B+8.5%	$2.1B+25.9%	$1.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$65.6M-12.7%	$75.2M+181.9%	$26.7M-90.0%	$267.7M+208.9%	$86.7M-47.6%	$165.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$25.2M0.0%	$25.2M0.0%	$25.2M0.0%	$25.2M0.0%	$25.2M+74.6%	$14.4M
Total Liabilities	$2.3B+5.2%	$2.2B+4.0%	$2.1B+4.0%	$2.1B+8.5%	$1.9B+26.8%	$1.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$226.4M+4.4%	$216.9M+10.9%	$195.6M-7.0%	$210.3M+8.5%	$193.8M+17.6%	$164.8M
Retained Earnings	$247.8M+6.0%	$233.8M+7.6%	$217.2M+12.1%	$193.8M+13.5%	$170.8M+10.7%	$154.2M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$2.7B+0.9%	$2.7B+2.8%	$2.6B+1.9%	$2.6B+0.5%	$2.6B+2.4%	$2.5B+0.9%	$2.5B+1.3%	$2.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$96.1M+19.8%	$80.2M+5.6%	$76.0M+15.8%	$65.6M+33.3%	$49.2M+10.1%	$44.7M-19.1%	$55.2M-26.5%	$75.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$25.2M0.0%	$25.2M0.0%	$25.2M0.0%	$25.2M0.0%	$25.2M0.0%	$25.2M0.0%	$25.2M0.0%	$25.2M
Total Liabilities	$2.5B+0.5%	$2.4B+2.9%	$2.4B+1.7%	$2.3B+0.6%	$2.3B+2.2%	$2.3B+0.9%	$2.3B+1.4%	$2.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$133.0M0.0%	$133.0M0.0%	$133.0M0.0%	$133.0M0.0%	$133.0M0.0%	$133.0M0.0%	$133.0M	N/A
Total Equity	$253.3M+5.4%	$240.3M+2.4%	$234.6M+3.7%	$226.4M-0.4%	$227.3M+4.1%	$218.5M+1.0%	$216.3M-0.2%	$216.9M
Retained Earnings	$263.5M+2.2%	$257.9M+2.5%	$251.7M+1.6%	$247.8M+1.9%	$243.2M+1.7%	$239.2M+1.5%	$235.7M+0.8%	$233.8M

CFFI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$38.5M-0.8%	$38.8M-57.1%	$90.6M-42.5%	$157.4M+295.8%	-$80.4M-449.3%	-$14.6M
Capital Expenditures	$3.5M+138.9%	$1.5M-57.0%	$3.4M-29.1%	$4.8M-53.2%	$10.2M+278.0%	$2.7M
Free Cash Flow	$35.0M-6.3%	$37.4M-57.1%	$87.2M-42.9%	$152.6M+268.4%	-$90.6M-422.6%	-$17.3M
Investing Cash Flow	-$148.6M-163.8%	-$56.3M+86.3%	-$411.3M-196.5%	-$138.7M+24.3%	-$183.3M-410.1%	-$35.9M
Financing Cash Flow	$100.6M+52.3%	$66.0M-17.1%	$79.6M-51.0%	$162.4M-12.2%	$184.9M+83.1%	$101.0M
Dividends Paid	$5.8M-3.4%	$6.0M+4.0%	$5.8M+1.4%	$5.7M+2.3%	$5.5M+8.1%	$5.1M
Share Buybacks	$8.8M+12.9%	$7.8M+44.4%	$5.4M-34.7%	$8.2M+675.9%	$1.1M-78.4%	$4.9M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$23.4M+634.1%	-$4.4M-236.7%	$3.2M-91.0%	$35.5M+8685.6%	$404K-76.2%	$1.7M+89.4%	$895K-94.7%	$17.0M
Capital Expenditures	$740K+30.7%	$566K+112.0%	$267K-37.9%	$430K-78.8%	$2.0M+277.0%	$539K+11.1%	$485K+10.2%	$440K
Free Cash Flow	$22.7M+558.2%	-$5.0M-268.3%	$2.9M-91.6%	$35.1M+2253.8%	-$1.6M-240.8%	$1.2M+182.0%	$410K-97.5%	$16.5M
Investing Cash Flow	-$15.0M+73.3%	-$56.1M-67.2%	-$33.5M-5.0%	-$31.9M+28.2%	-$44.5M-96.8%	-$22.6M+54.5%	-$49.6M-412.6%	-$9.7M
Financing Cash Flow	$7.4M-88.5%	$64.7M+59.0%	$40.7M+217.1%	$12.8M-73.6%	$48.6M+368.9%	$10.4M-64.0%	$28.8M+1187.5%	-$2.6M
Dividends Paid	$1.5M0.0%	$1.5M+0.1%	$1.5M+5.0%	$1.4M-0.6%	$1.4M-2.0%	$1.5M-1.8%	$1.5M+0.4%	$1.5M
Share Buybacks	$0-100.0%	$10K-97.7%	$426K-56.0%	$969K-70.2%	$3.2M-7.5%	$3.5M+240.6%	$1.0M-26.1%	$1.4M

CFFI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.6%-3.0pp	18.5%-5.2pp	23.8%+2.6pp	21.2%+5.2pp	16.0%-0.8pp	16.9%
Return on Equity	8.8%-2.1pp	10.9%-4.0pp	14.9%+1.3pp	13.6%+2.2pp	11.4%-0.0pp	11.4%
Return on Assets	0.8%-0.2pp	1.0%-0.3pp	1.3%-0.0pp	1.3%+0.2pp	1.1%-0.1pp	1.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.32+0.1	10.24-0.7	10.92+1.2	9.760.0	9.76+0.7	9.05
FCF Margin	27.5%-1.9pp	29.3%-41.7pp	71.0%-41.8pp	112.9%+178.5pp	-65.6%-50.1pp	-15.5%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	19.6%-1.5pp	21.1%+4.7pp	16.5%-2.4pp	18.8%+2.7pp	16.1%+0.0pp	16.1%+5.0pp	11.1%-4.9pp	16.0%
Return on Equity	2.8%-0.4pp	3.2%+0.9pp	2.3%-0.4pp	2.7%+0.3pp	2.4%+0.1pp	2.3%+0.7pp	1.6%-0.8pp	2.3%
Return on Assets	0.3%-0.0pp	0.3%+0.1pp	0.2%-0.0pp	0.2%+0.0pp	0.2%0.0pp	0.2%+0.1pp	0.1%-0.1pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.70-0.5	10.18+0.0	10.13-0.2	10.32+0.1	10.22-0.2	10.400.0	10.41+0.2	10.24
FCF Margin	63.0%+76.6pp	-13.6%-22.7pp	9.0%-100.4pp	109.4%+114.3pp	-4.9%-8.6pp	3.7%+2.4pp	1.3%-50.7pp	52.1%

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Frequently Asked Questions

What is C&F Financial Corp.'s annual revenue?

C&F Financial Corp. (CFFI) reported $127.3M in total revenue for fiscal year 2024. This represents a -0.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is C&F Financial Corp.'s revenue growing?

C&F Financial Corp. (CFFI) revenue grew by 0% year-over-year, from $127.3M to $127.3M in fiscal year 2024.

Is C&F Financial Corp. profitable?

Yes, C&F Financial Corp. (CFFI) reported a net income of $19.8M in fiscal year 2024, with a net profit margin of 15.6%.

What is C&F Financial Corp.'s earnings per share (EPS)?

C&F Financial Corp. (CFFI) reported diluted earnings per share of $6.01 for fiscal year 2024. This represents a -13.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is C&F Financial Corp.'s net profit margin?

C&F Financial Corp. (CFFI) had a net profit margin of 15.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does C&F Financial Corp. pay dividends?

Yes, C&F Financial Corp. (CFFI) paid $1.76 per share in dividends during fiscal year 2024.

What is C&F Financial Corp.'s return on equity (ROE)?

C&F Financial Corp. (CFFI) has a return on equity of 8.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is C&F Financial Corp.'s free cash flow?

C&F Financial Corp. (CFFI) generated $35.0M in free cash flow during fiscal year 2024. This represents a -6.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is C&F Financial Corp.'s operating cash flow?

C&F Financial Corp. (CFFI) generated $38.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are C&F Financial Corp.'s total assets?

C&F Financial Corp. (CFFI) had $2.6B in total assets as of fiscal year 2024, including both current and long-term assets.

What are C&F Financial Corp.'s capital expenditures?

C&F Financial Corp. (CFFI) invested $3.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does C&F Financial Corp. buy back shares?

Yes, C&F Financial Corp. (CFFI) spent $8.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does C&F Financial Corp. have outstanding?

C&F Financial Corp. (CFFI) had 3M shares outstanding as of fiscal year 2024.

What is C&F Financial Corp.'s debt-to-equity ratio?

C&F Financial Corp. (CFFI) had a debt-to-equity ratio of 10.32 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is C&F Financial Corp.'s return on assets (ROA)?

C&F Financial Corp. (CFFI) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is C&F Financial Corp.'s Piotroski F-Score?

C&F Financial Corp. (CFFI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are C&F Financial Corp.'s earnings high quality?

C&F Financial Corp. (CFFI) has an earnings quality ratio of 1.94x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is C&F Financial Corp.?

C&F Financial Corp. (CFFI) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.