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 Corporation (NASDAQ: CFFI) is a Virginia-based bank holding company and the parent of C&F Bank. This news page aggregates public announcements and disclosures about the Corporation’s activities in community banking, mortgage banking and consumer finance.
Company news releases regularly cover financial results for the Corporation and its segments, including quarterly and annual net income, net interest margin, loan and deposit growth, credit loss provisions and segment performance for community banking, mortgage banking and consumer finance. These updates often include management commentary on loan portfolio mix, asset quality, delinquency trends and liquidity management.
Investors and analysts can also follow capital management developments such as cash dividend declarations and changes in the quarterly dividend amount, which are typically accompanied by board commentary on payout ratios, economic conditions and capital requirements. In addition, the Corporation has announced share repurchase authorizations through Form 8-K filings, which may be discussed in related news releases.
Operational updates appear in the news flow as well. For example, the Corporation has reported the expansion of its commercial banking operations into Southwest Virginia, including markets such as Roanoke, Lynchburg, Danville, Martinsville and Blacksburg, and has highlighted mortgage loan origination volumes and indirect consumer lending activity across the Mid-Atlantic, Midwest and Southern United States.
By reviewing the CFFI news stream, readers can monitor segment-level performance, dividend decisions, share repurchase programs and geographic expansion initiatives as disclosed by C&F Financial Corporation in its public communications.
C&F Financial 's (NASDAQ:CFFI) board of directors has declared a regular cash dividend of 44 cents per share, payable January 1, 2025, to shareholders of record on December 13, 2024. C&F Bank operates 32 banking offices and four commercial loan offices across eastern and central Virginia, offering wealth management services through C&F Wealth Management. The company's mortgage and lending operations span multiple states through C&F Mortgage and C&F Finance Company, providing various loan services including automobile, marine, and recreational vehicle financing.
C&F Financial (CFFI) reported consolidated net income of $5.4 million for Q3 2024, down from $5.8 million in Q3 2023. For the first nine months of 2024, net income was $13.9 million compared to $18.7 million in 2023. Key highlights include community banking segment loan growth of 16.6% annualized, deposit increase of 4.5% annualized, and mortgage banking segment loan originations of $157.0 million in Q3. The consumer finance segment experienced higher net charge-offs at 2.36% of average total loans. The company maintained strong liquidity with $287.4 million in liquid assets and $583.8 million in borrowing availability.
C&F Financial (NASDAQ:CFFI) has announced a regular cash dividend of 44 cents per share, payable on October 1, 2024 to shareholders of record as of September 13, 2024. The company's board of directors regularly reviews dividend amounts and payout ratios considering economic conditions, capital requirements, and expected future earnings.
C&F Bank operates 31 banking offices and four commercial loan offices in eastern and central Virginia, offering full wealth management services through its subsidiary. C&F Mortgage and C&F Select provide mortgage loan origination services across multiple states. C&F Finance Company offers automobile, marine, and recreational vehicle loans through indirect lending programs in 21 states from its headquarters in Henrico, Virginia.
C&F Financial (NASDAQ: CFFI) reported consolidated net income of $5.0 million for Q2 2024, compared to $6.4 million for Q2 2023. For the first six months of 2024, net income was $8.5 million, down from $12.9 million in the same period of 2023. Key highlights include:
- Community banking segment loans grew 17.8% annualized
- Consumer finance segment loans grew 4.2% annualized
- Deposits increased 3.9% annualized
- Consolidated annualized net interest margin was 4.12%
- Mortgage banking segment loan originations were $146.0 million for Q2 2024
The company declared a quarterly cash dividend of $0.44 per share for Q2 2024. Total consolidated equity increased $1.6 million at June 30, 2024, compared to December 31, 2023.
C&F Financial (NASDAQ:CFFI) announced a regular cash dividend of 44 cents per share, payable on July 1, 2024, to shareholders of record as of June 14, 2024. The Board of Directors evaluates the dividend amount and payout ratio considering economic conditions, capital requirements, and projected earnings. C&F operates 31 banking offices and four commercial loan offices in eastern and central Virginia. Its subsidiaries include C&F Wealth Management, C&F Mortgage , and C&F Finance Company, which provide services ranging from wealth management to mortgage and vehicle loans across multiple states. More details are available on the company's website.
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