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 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.
The board of directors of C&F Financial Corporation (NASDAQ:CFFI) has declared a cash dividend of 38 cents per share. The dividend is payable on October 1, 2020, with a record date of September 15, 2020. The board regularly evaluates the dividend amount in light of economic conditions, capital requirements, and projected earnings. C&F operates 30 retail bank branches and provides a variety of financial services, including mortgage and auto loans across multiple states.
C&F Financial Corporation (NASDAQ:CFFI) reported a consolidated net income of $3.7 million or $1.03 per share for Q2 2020, down from $5.8 million or $1.69 per share in Q2 2019. For the first half of 2020, net income was $7.4 million ($2.01 per share), compared to $9.6 million ($2.77 per share) last year. The bank's average loans increased by 29.6% in Q2 2020, boosted by the acquisition of Peoples Bankshares and the Paycheck Protection Program. However, provisions for loan losses totaled $3.5 million for Q2, reflecting COVID-19 impacts.
The board of directors of CFFI has declared a cash dividend of 38 cents per share, payable on July 1, 2020, to shareholders of record on June 15, 2020. This decision reflects a continual review of cash dividends, balancing economic conditions with capital requirements and expected earnings. C&F operates 30 retail branches and three commercial loan offices in Virginia, offering a range of financial services, including mortgage and wealth management services through subsidiaries.
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