C&F Financial publishes investor presentation
The presentation is available in the Investor Presentations section of C&F’s investor relations website.
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C & F Financial Corp (CFFI) published an investor presentation on its website on November 5, 2026. The company and its management may use this or similar presentations in investor meetings during the fourth quarter of 2026.
8-K Event Classification
Key Terms
Regulation FD Disclosure regulatory
incorporated by reference regulatory
Section 18 regulatory
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of | (Commission | (IRS Employer |
(Address of principal executive offices) | (Zip Code) |
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange of 1934 (§240.12b-2 of this chapter).
Emerging growth company |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
Item 7.01Regulation FD Disclosure
On November 5, 2026, C&F Financial Corporation (the Corporation) published an investor presentation on its website. A copy of the presentation is attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated by reference into this Item 7.01. The Corporation and its management may use this or similar presentations in meetings with investors during the fourth quarter of 2026. A copy of this investor presentation is also available in the Financial Information – Investor Presentations section of the Corporation’s investor relations website at investor.cffc.com.
In accordance with General Instruction B.2 of Form 8-K, the information furnished in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the Exchange Act) or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act unless expressly incorporated by specific reference made within such filing.
Item 9.01Financial Statements and Exhibits
(d)Exhibits
| 99.1 | Investor presentation dated November 5, 2026 |
104 Cover Page Interactive Data File (formatted as inline XBRL and contained
in Exhibit 101)
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| C&F FINANCIAL CORPORATION | ||||
(Registrant) | |||||
Date: | November 5, 2026 | By: | /s/ Jason E. Long | ||
Jason E. Long | |||||
Chief Financial Officer | |||||
3
Exhibit 99.1
| C&F Financial Corporation NASDAQ: CFFI Third Quarter 2026 Investor Presentation |
| Forward-Looking Statements. Certain statements in this presentation may constitute “forward-looking statements” within the meaning of federal securities laws. These forward-looking statements are based on the beliefs of the Corporation’s management, as well as assumptions made by, and information currently available to, the Corporation’s management, and reflect management’s current views with respect to certain events that could have an impact on the Corporation’s future financial performance. These forward-looking statements relate to expectations concerning matters that are not historical fact, may express “belief,” “intention,” “expectation,” “potential” and similar expressions, and may use the words “believe,” “expect,” “anticipate,” “estimate,” “plan,” “may,” “might,” “will,” “intend,” “target,” “should,” “could,” or similar expressions. These statements are inherently uncertain, and there can be no assurance that the underlying assumptions will prove to be accurate. Actual results could differ materially from those anticipated or implied by such statements. Factors that could have a material adverse effect on the operations and future prospects of the Corporation include, but are not limited to, changes in: (1) interest rates, such as volatility in short-term interest rates or yields on U.S. Treasury bonds, fluctuations in interest rates following actions by the Federal Reserve and increases or volatility in mortgage interest rates, (2) general business conditions, as well as conditions within the financial markets, (3) general economic conditions, including unemployment levels, inflation rates, supply chain disruptions, slowdowns in economic growth and government shutdowns, (4) general market conditions, including disruptions due to pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises, changes in trade policy and the implementation of tariffs, geopolitical tensions, war and other military conflicts (including the conflict in the Middle East and potential associated impacts on interest rates and energy prices) or other major events, or the prospect of these events, (5) average loan yields and securities yields and average costs of interest-bearing deposits and borrowings, (6) financial services industry conditions, including bank failures or rumors of such failures, the soundness of other financial institutions or concerns involving liquidity, along with actions taken by governmental agencies to address such conditions, and the effects on financial institutions, including us, on, among other things, the ability to attract or retain depositors and to borrow or raise capital, (7) labor market conditions, including attracting, hiring, training, motivating and retaining qualified employees, (8) the legislative and regulatory climate, regulatory initiatives with respect to financial institutions, products and services, the Consumer Financial Protection Bureau (the CFPB) and the regulatory and enforcement activities of the CFPB, (9) monetary and fiscal policies of the U.S. Government, including policies of the FDIC, U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System (the Federal Reserve Board), and the effect of these policies on interest rates and business in our markets, (10) demand for financial services in the Corporation’s market areas, (11) the value of securities held in the Corporation’s investment portfolios, (12) the quality or composition of the loan portfolios and the value of the collateral securing those loans, (13) the inventory level, demand and fluctuations in the pricing of used automobiles, including sales prices of repossessed vehicles, (14) the level of automobile loan delinquencies or defaults and our ability to repossess automobiles securing delinquent automobile finance installment contracts, (15) the level of net charge-offs on loans and the adequacy of our allowance for credit losses, (16) the level of indemnification losses related to mortgage loans sold, (17) demand for loan products, (18) deposit trends, (19) the strength of the Corporation’s counterparties, (20) the availability of lines of credit from the FHLB and other counterparties, (21) competition from both banks and non-banks, including competition in the automobile finance market, (22) services provided by, or the level of the Corporation’s reliance upon third parties for key services, (23) the commercial and residential real estate markets, including changes in property values, (24) the demand for residential mortgages and conditions in the secondary residential mortgage loan markets, (25) the Corporation’s technology initiatives and other strategic initiatives, (26) the Corporation’s branch expansion, relocation and consolidation plans, (27) cyber threats, attacks or events, including emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action or increase cybersecurity threats, (28) C&F Bank’s product offerings, and (29) accounting principles, policies and guidelines, and elections by the Corporation thereunder . These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this presentation. For additional information on risk factors that could affect the forward-looking statements contained herein, see the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2025 and other reports filed with the SEC. The Corporation undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Use of Certain Non-GAAP Financial Measures. The accounting and reporting policies of the Corporation conform to GAAP in the United States and prevailing practices in the banking industry. However, certain non-GAAP measures are used by management to supplement the evaluation of the Corporation’s financial condition and performance. These include adjusted net income, adjusted earnings per share, adjusted return on average equity, adjusted return on average assets, return on average tangible common equity (ROATCE), adjusted ROATCE, tangible common equity to tangible assets (TCE/TA), and tangible book value per share. A reconciliation of the non-GAAP financial measures used by the Corporation to evaluate and measure the Corporation’s financial condition and performance to the most directly comparable GAAP financial measures is presented in an appendix. No Offer or Solicitation This presentation does not constitute an offer to sell or a solicitation to buy any securities. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful. About C&F Financial Corporation. Additional information regarding the Corporation’s products and services, as well as access to its filings with the SEC, are available on the Corporation’s website at http://www.cffc.com. Cautionary Statements Third Quarter 2026 Investor Presentation 2 |
| C&F has unique competitive advantages Third Quarter 2026 Investor Presentation 3 Positioned to deliver substantial value creation A clear long-term strategy that we are executing effectively Consistent financial performance with sound risk management Proven leadership driving long-term shareholder value |
| • Performance & Growth • Our People • Marketing & Brand Recognition • Community Engagement • Cross Company Collaboration • Efficiency and Technology • Risk Management Strategic Initiatives & Opportunities Third Quarter 2026 Investor Presentation 4 |
| 5 |
| Our Leadership Third Quarter 2026 Investor Presentation 6 Thomas F. Cherry President & CEO C&F Financial Corporation Years in Financial Industry: 35 Rodney W. Overby EVP & Chief Information Officer C&F Financial Corporation Years in Financial Industry: 45 John A. Seaman III EVP & Chief Credit Officer C&F Bank Years in Financial Industry: 45 Matthew Steilberg EVP & Director Retail Banking C&F Bank Years in Financial Industry: 39 William V. Krebs Jr. Regional President, Central Virginia C&F Bank Years in Financial Industry: 28 Mark J. Eggelston Regional President, SE Virginia C&F Bank Years in Financial Industry: 35 Jason E. Long EVP & CFO C&F Financial Corporation Years in Financial Industry: 23 Matthew P. Dolci SVP Chief Risk Officer C&F Bank Years in Financial Industry: 8 S. Dustin Crone CEO C&F Finance Company Years in Financial Industry: 36 Mark A. Fox President & CEO C&F Mortgage Corporation Years in Financial Industry: 30 Andrew B. Buxbaum SVP & General Counsel C&F Bank Years in Financial Industry: 25 Christopher A. Spillare SVP & Treasurer C&F Bank Years in Financial Industry: 31 Maria R. Sullivan SVP & Chief HR Officer C&F Bank Years in Financial Industry: 15 Helga H. Ridenhour SVP & Director of Operations C&F Bank Years in Financial Industry: 35 Tony Lamont EVP Operations C&F Finance Company Years in Financial Industry: 35 Kevin Jones SVP Sales C&F Finance Company Years in Financial Industry: 32 Madeline M. Witty SVP & Chief Compliance Officer C&F Mortgage Corporation Years in Financial Industry: 40 Natalie C. Zvanya SVP & Chief Business Development C&F Mortgage Corporation Years in Financial Industry: 9 Kevin A. McCann SVP & CFO C&F Mortgage Corporation Years in Financial Industry: 28 C. Shawn Moore President C&F Finance Company Years in Financial Industry: 34 |
| Our Lines of Business Third Quarter 2026 Investor Presentation 7 Community Banking $2.36 billion Total Deposits 32 Branches • 32 banking offices and 6 commercial loan offices in Virginia • Provides a wide range of banking services to individuals and businesses • Opened new commercial loan offices in Roanoke, Virginia in 2025 and Lynchburg, Virginia in 2026 Mortgage Banking $586 million Loan Originations Sep-26 YTD • Provides mortgage loan origination services in Virginia and surrounding states • Lender Solutions provides mortgage loan origination as a service to community financial institutions Consumer Finance $451 million Loan Portfolio • Provides automobile loans through indirect lending programs • Primarily in the Mid-Atlantic, Midwest and Southern United States Wealth Management $706 million Assets Under Management Sep-26 • Full-service brokerage firm • Offers a comprehensive range of wealth management services through third-party service providers • Primarily at C&F Bank branch locations |
| We are well-positioned in Virginia with a clear growth strategy Third Quarter 2026 Investor Presentation 8 Company Overview C&F Bank Footprint in Virginia C&F at a Glance Preeminent Community Bank in Virginia C&F is a Virginia-based financial services company providing full-service banking, mortgage, wealth management, and finance solutions through a relationship-driven approach. Focused on understanding and serving the needs of individuals, businesses, and communities, C&F builds long-term value through trust, responsiveness, and local commitment. 32 Branches across VA $2.81 Billion Total Assets $2.14 Billion Total Loans, HFI $2.36 Billion Total Deposits Size $308.8 Million Market Cap • Recent expansion into Southwest Virginia with the opening of a loan production office in July 2025 and branch in June 2026 in Roanoke • Connecting our markets with the opening of a new loan production office in Lynchburg in July 2026 • Strong balance sheet and asset quality • Attractive community banking funding base with roots in key markets in Virginia • Regional exposure through elite mortgage banking and consumer finance segments • Diverse lines of business with experienced management teams • Top-tier financial performance • Outstanding capital management allows for a quality dividend while maintaining strong capital for organic and non-organic growth |
| Segments – September 30, 2026 QTD Third Quarter 2026 Investor Presentation 1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 9 Three Months Ended September 30, 2026 Community Banking Mortgage Banking Consumer Finance Other Eliminations Consolidated (Dollars in thousands) Interest income $ 28,648 $ 616 $ 12,107 $ — $ 205 $ 41,576 Interest expense 10,264 — — 1,138 — 11,402 Net interest income before allocation 18,384 616 12,107 (1,138) 205 30,174 Net interest allocation1 5,806 (242) (5,564) — — — Net interest income 24,190 374 6,543 (1,138) 205 30,174 Gain on sales of loans — 1,606 — — (241) 1,365 Other noninterest income 4,682 1,682 146 195 (34) 6,671 Net revenue 28,872 3,662 6,689 (943) (70) 38,210 Provision for credit losses — — 2,750 — — 2,750 Salaries and employee benefits 10,417 1,878 2,021 442 — 14,758 Occupancy expense 2,006 270 140 — — 2,416 Data processing 2,669 391 351 10 — 3,421 Professional fees 520 64 128 73 — 785 Insurance expense 408 42 31 — — 481 Marketing and advertising expenses 450 148 6 — — 604 Loan processing and collection expenses 74 368 405 — — 847 Provision for indemnifications — (35) — — — (35) Other segment items2 1,341 165 437 82 (21) 2,004 Total noninterest expense 17,885 3,291 3,519 607 (21) 25,281 Income (loss) before taxes 10,987 371 420 (1,550) (49) 10,179 Income tax expense (benefit) 2,073 105 117 (362) (11) 1,922 Net income (loss) $ 8,914 $ 266 $ 303 $ (1,188) $ (38) $ 8,257 |
| Segments – September 30, 2025 QTD Third Quarter 2026 Investor Presentation 1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 10 Three Months Ended September 30, 2025 Community Banking Mortgage Banking Consumer Finance Other Eliminations Consolidated (Dollars in thousands) Interest income $ 25,610 $ 625 $ 12,404 $ — $ 144 $ 38,783 Interest expense 10,498 — — 1,111 — 11,609 Net interest income before allocation 15,112 625 12,404 (1,111) 144 27,174 Net interest allocation1 6,080 (287) (5,793) — — — Net interest income 21,192 338 6,611 (1,111) 144 27,174 Gain on sales of loans — 2,074 — — (178) 1,896 Other noninterest income 4,430 1,546 149 874 (51) 6,948 Net revenue 25,622 3,958 6,760 (237) (85) 36,018 Provision for credit losses (100) — 3,000 — — 2,900 Salaries and employee benefits 9,503 1,899 1,934 1,084 — 14,420 Occupancy expense 1,878 222 145 — — 2,245 Data processing 2,365 324 327 10 — 3,026 Professional fees 642 83 168 8 — 901 Insurance expense 350 15 34 — — 399 Marketing and advertising expenses 496 152 12 — — 660 Loan processing and collection expenses 46 335 450 — — 831 Provision for indemnifications — (75) — — — (75) Other segment items2 1,310 144 369 72 (12) 1,883 Total noninterest expense 16,590 3,099 3,439 1,174 (12) 24,290 Income (loss) before taxes 9,132 859 321 (1,411) (73) 8,828 Income tax expense (benefit) 1,754 218 90 (331) (16) 1,715 Net income (loss) $ 7,378 $ 641 $ 231 $ (1,080) $ (57) $ 7,113 |
| Segments – September 30, 2026 YTD Third Quarter 2026 Investor Presentation 1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 11 Nine Months Ended September 30, 2026 Community Banking Mortgage Banking Consumer Finance Other Eliminations Consolidated (Dollars in thousands) Interest income $ 82,035 $ 1,974 $ 36,411 $ — $ 653 $ 121,073 Interest expense 30,750 — — 3,350 — 34,100 Net interest income before allocation 51,285 1,974 36,411 (3,350) 653 86,973 Net interest allocation1 17,524 (890) (16,634) — — — Net interest income 68,809 1,084 19,777 (3,350) 653 86,973 Gain on sales of loans — 6,990 — — (644) 6,346 Other noninterest income 14,756 5,394 449 1,547 (130) 22,016 Net revenue 83,565 13,468 20,226 (1,803) (121) 115,335 Provision for credit losses 450 — 8,550 — — 9,000 Salaries and employee benefits 31,019 6,245 6,067 2,285 — 45,616 Occupancy expense 5,872 716 445 — — 7,033 Data processing 7,752 1,197 1,021 29 — 9,999 Professional fees 1,825 142 479 199 — 2,645 Insurance expense 1,179 78 94 — — 1,351 Marketing and advertising expenses 1,361 400 29 — — 1,790 Loan processing and collection expenses 188 1,227 1,223 — — 2,638 Provision for indemnifications — (95) — — — (95) Other segment items2 3,955 550 1,262 257 (58) 5,966 Total noninterest expense 53,151 10,460 10,620 2,770 (58) 76,943 Income (loss) before taxes 29,964 3,008 1,056 (4,573) (63) 29,392 Income tax expense (benefit) 5,767 772 296 (1,106) (14) 5,715 Net income (loss) $ 24,197 $ 2,236 $ 760 $ (3,467) $ (49) $ 23,677 |
| Segments – September 30, 2025 YTD Third Quarter 2026 Investor Presentation 1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 12 Nine Months Ended September 30, 2025 Community Banking Mortgage Banking Consumer Finance Other Eliminations Consolidated (Dollars in thousands) Interest income $ 73,372 $ 1,696 $ 36,671 $ — $ 439 $ 112,178 Interest expense 31,022 — — 2,464 — 33,486 Net interest income before allocation 42,350 1,696 36,671 (2,464) 439 78,692 Net interest allocation1 17,944 (733) (17,211) — — — Net interest income 60,294 963 19,460 (2,464) 439 78,692 Gain on sales of loans — 6,632 — — (431) 6,201 Other noninterest income 13,038 4,382 475 2,321 (152) 20,064 Net revenue 73,332 11,977 19,935 (143) (144) 104,957 Provision for credit losses (300) — 8,300 — — 8,000 Salaries and employee benefits 28,203 5,662 5,929 2,955 — 42,749 Occupancy expense 5,377 725 435 — — 6,537 Data processing 7,007 908 938 28 — 8,881 Professional fees 2,046 176 394 207 — 2,823 Insurance expense 1,111 82 113 — — 1,306 Marketing and advertising expenses 1,295 417 26 — — 1,738 Loan processing and collection expenses 114 892 1,253 — — 2,259 Provision for indemnifications — (135) — — — (135) Other segment items2 3,944 502 1,169 253 (47) 5,821 Total noninterest expense 49,097 9,229 10,257 3,443 (47) 71,979 Income (loss) before taxes 24,535 2,748 1,378 (3,586) (97) 24,978 Income tax expense (benefit) 4,596 691 382 (945) (21) 4,703 Net income (loss) $ 19,939 $ 2,057 $ 996 $ (2,641) $ (76) $ 20,275 |
| Quarterly Trends Third Quarter 2026 Investor Presentation * Non-GAAP financial measure. For non-GAAP financial measures, see reconciliation to most directly comparable GAAP measures in “Appendix – Reconciliation of Non-GAAP Disclosures” Earnings per Share (EPS) ($) $2.18 $2.07 $2.08 $2.63 $2.55 Adj EPS, $2.40 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Return on Average Assets (ROAA) (%) 1.06 0.97 0.97 1.23 1.18 Adj ROAA, 1.13 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Net Interest Margin (NIM) (%) 4.24 4.20 4.27 4.41 4.53 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Return on Average Tangible Common Equity (ROATCE) * (%) 13.07 11.67 11.28 14.08 13.18 Adj ROA TCE, 12.86 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 13 |
| Earnings Third Quarter 2026 Investor Presentation Return on Average Equity (ROAE) (%) Earnings per Share (EPS) ($) Return on Average Assets (ROAA) (%) Return on Average Tangible Common Equity (ROATCE) * (%) * Non-GAAP financial measure. For non-GAAP financial measures, see reconciliation to most directly comparable GAAP measures in “Appendix – Reconciliation of Non-GAAP Disclosures” ** Annualized, year-to-date $8.29 $6.92 $6.01 $8.29 $6.22 $7.26 Adj EPS, $7.03 2022 2023 2024 2025 Sep-25 YTD Sep-26 YTD 1.27 0.99 0.80 1.01 1.02 1.13 Adj ROAA, 1.09 2022 2023 2024 2025 Sep-25** Sep-26** 14.84 11.68 9.02 11.11 11.36 11.60 Adj ROAE, 11.24 2022 2023 2024 2025 Sep-25** Sep-26** 17.31 13.58 10.37 12.53 12.84 12.86 Adj ROA TCE, 12.45 2022 2023 2024 2025 Sep-25** Sep-26** 14 |
| Shareholder Value Creation Third Quarter 2026 Investor Presentation Dividends per Share ($) * Non-GAAP financial measure. For non-GAAP financial measures, see reconciliation to most directly comparable GAAP measures in “Appendix – Reconciliation of Non-GAAP Disclosures” ** CAGR excluding accumulated other comprehensive income was 9.1 percent *** Annualized, year-to-date $1.64 $1.76 $1.76 $1.84 $1.92 2022 2023 2024 2025 Sep-26*** 15 $48.54 $56.40 $61.86 $72.60 $74.66 2022 2023 2024 2025 Sep-26 Tangible Book Value per Share* ($) $4.51 $7.51 $7.95 $0.00 $0.62 2022 2023 2024 2025 Sep-26 YTD Share Repurchases ($ mil) 12.2% CAGR** |
| $1.60 $1.70 $1.88 $2.01 $2.10 2022 2023 2024 2025 Sep-26 Bank Finance $2.33 $2.44 $2.56 $2.77 $2.81 2022 2023 2024 2025 Sep-26 $2.00 $2.07 $2.17 $2.35 $2.36 2022 2023 2024 2025 Sep-26 Balance Sheet Third Quarter 2026 Investor Presentation Deposits ($ bil) Total Assets ($ bil) 5.1% CAGR 4.4% CAGR 7.7% CAGR Loans HFI Net ($ bil) 16 82% 84% 88% 88% 91% 2022 2023 2024 2025 Sep-26 Loan to Deposit Ratio (%) |
| Securities Third Quarter 2026 Investor Presentation U.S. Treasury securities 1% U.S. Government Agencies and corporations 5% Mortgage-backed securities 54% Obligations of states and political subdivision 33% Corporate and other debt securities 7% Composition (% of Total Securities) (Sep-26) Yield (%) 1.96 2.37 2.65 3.11 3.42 3.79 4.13 2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD Sep-26 QTD Maturities and Weighted Average Yield* ($ mil) (Sep-26) 17 $68.6 $163.4 $124.1 $127.4 3.50% 3.61% 4.60% 4.86% Maturing within 1 year Maturing after 1 year, but within 5 years Maturing after 5 years, but within 10 years Maturing after 10 years * Information is presented at amortized cost, by the earlier of contractual maturity or expected maturity, which may differ because borrowers have the right to prepay obligations with or without penalties. The weighted average life and the total effective duration of the portfolio are 6.5 years and 4.4 years, respectively, as of September 30, 2026. During the second quarter of 2026, the Corporation executed a strategic restructuring of a portion of its securities portfolio, resulting in a pre-tax loss of $7.1 million: • sold securities with a book value of $72.6 million and weighted average yield of 1.40% • purchased $67.8 million of securities with a weighted average yield of 4.70% |
| Loan Portfolio Trends Third Quarter 2026 Investor Presentation CRE-Owner Occupied 6% CRE-Nonowner Occupied 38% AD&C 8% Residential Mortgage 16% Commercial Business 6% Equity Lines 4% Consumer Finance Auto 19% Consumer Finance Marine and RV 2% Other Consumer 1% Composition (% of Total Loans) (Sep-26) Loans, Gross ($ bil) $1.64 $1.74 $1.92 $2.05 $2.14 2022 2023 2024 2025 Sep-26 18 ($ mil) Amount % of CRE % of Total Multifamily $184,041 18.8% 8.6% Retail 160,007 16.3 7.5 Office 136,328 13.9 6.4 1-4 Family Investment Properties 111,552 11.4 5.2 Hotels 101,061 10.3 4.7 Industrial/warehouse 92,438 9.4 4.3 Mini-Storage 73,218 7.5 3.4 Medical Office 50,677 5.2 2.4 Other 71,916 7.2 3.3 Commercial & Construction Commercial Concentrations Total CRE was 271% of total risk-based capital as of September 30, 2026. The average CRE loan was $1.03 million as of September 30, 2026. |
| Loan Yields Third Quarter 2026 Investor Presentation Yield (%) 5.85 6.49 6.75 6.73 6.69 6.68 6.74 4.32 5.12 5.49 5.56 5.57 5.61 5.70 9.84 9.97 10.42 10.59 10.67 10.55 10.59 2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD Sep-26 QTD Consolidated Bank Finance 19 |
| Asset Quality Third Quarter 2026 Investor Presentation 0.01 0.03 0.020.07 0.07 0.07 0.07 0.19 0.19 0.13 0.22 0.20 0.14 0.20 2022 2023 2024 2025 Mar-26 Jun-26 Sep-26 Bank Finance 0.04 0.010.01 0.02 0.01 0.01 0.01 0.00 0.01 0.00 3.05 1.54 -0.14 0.59 1.99 2.62 2.59 2.98 2.60 2.61 2019 2020 2021 2022 2023 2024 2025 Mar-26* Jun-26* Sep-26* Bank Finance 1.25 1.26 1.20 1.10 1.09 1.06 1.05 5.47 5.03 4.86 4.79 4.80 4.83 4.84 2.48 2.28 2.09 1.93 1.91 1.88 1.85 2022 2023 2024 2025 Mar-26 Jun-26 Sep-26 Bank Finance Consolidated ACL Nonaccruals (% of Total Loans) Net Charge-offs (% of Average Loans) Allowance for Credit Losses (ACL) (% of Total Loans) Amendments to ASC 326 (“CECL”) were adopted by the Corporation on January 1, 2023. * Annualized, year-to-date ** The increase in loans classified as Special Mention at the community banking segment as of September 30, 2026 was due primarily to one commercial relationship that was downgraded during the third quarter of 2026. 20 0.72% 0.59% 0.21% 0.13% 0.13% 0.12% 1.04% 2022 2023 2024 2025 Mar-26 Jun-26 Sep-26** Criticized & Classified Loans (% of Total Loans) |
| Consumer Finance Loan Portfolio Third Quarter 2026 Investor Presentation The consumer finance segment made a strategic decision over the past few years to focus on higher credit quality customers. * Refer to the Allowance for Credit Losses footnote in the Corporation’s Annual Report on Form 10-K for a more detailed description of the consumer finance segment’s credit quality indicators. 28% 21% 14% 9% 7% 5% 4% 4% 33% 30% 28% 24% 22% 19% 19% 17% 24% 24% 28% 29% 29% 29% 29% 30% 8% 11% 15% 22% 25% 28% 29% 30% 7% 14% 15% 16% 17% 19% 19% 19% 2019 2020 2021 2022 2023 2024 2025 Sep-26 Credit Score at Origination Marginal (<580) Fair (580-624) Fairly Good (625-669) Good (670-739) Very Good (>739) 21 |
| Deposits Third Quarter 2026 Investor Presentation 0.23 0.60 0.82 0.98 1.02 1.00 1.01 0.76 2.79 4.10 3.65 3.39 3.28 3.27 0.26 1.02 1.80 1.75 1.69 1.64 1.65 2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD Sep-26 QTD Savings and interest bearing Time Total Deposits 30% 27% 24% 23% 24% 51% 41% 38% 39% 37% 19% 32% 38% 38% 39% $2.00 $2.07 $2.17 $2.35 $2.36 2022 2023 2024 2025 Sep-26 Noninterest bearing Savings and interest bearing Time Deposit Composition ($ bil) 22 Cost of Deposits (%) |
| Granular Deposit Base Third Quarter 2026 Investor Presentation 70% 5% 25% Insured Uninsured, secured Public Funds All other uninsured Consumer De p o sits, $1.4 billion Commercial Deposits, $ 9 2 1 mill oi n 23 Total Deposits $2.36 Billion As of 9/30/26 A strength of our franchise is our well diversified deposit base… …with limited concentration and granular customer base providing a stable source of funding Consumer Deposits Customer Base ~71,400 Consumer Accounts Granular Deposit Base $20,000 Average Account balance Commercial Deposits Customer Base ~14,700 Commercial Accounts Granular Deposit Base $62,000 Average Account balance |
| 7.32% 7.89% 7.89% 8.59% 8.72% 0.00% 4.00% 8.00% 12.00% 16.00% 2022 2023 2024 2025 Sep-26 TCE Ratio Strong Capital Position Third Quarter 2026 Investor Presentation 9.9% 10.1% 9.8% 10.0% 10.5% 9.9% 10.3% 10.1% 11.1% 11.3% 0.0% 4.0% 8.0% 12.0% 16.0% 2022 2023 2024 2025 Sep-26 Tier 1 Leverage Ratio Corporation Bank 11.4% 11.3% 10.7% 11.0% 11.6% 12.9% 12.9% 12.3% 13.6% 13.8% 0.0% 4.0% 8.0% 12.0% 16.0% 2022 2023 2024 2025 Sep-26 CET 1 Risk-Based Capital Ratio Corporation Bank 15.4% 14.8% 14.1% 15.2% 15.7% 14.2% 14.1% 13.5% 14.8% 15.0% 0.0% 4.0% 8.0% 12.0% 16.0% 2022 2023 2024 2025 Sep -26 Total Risk-Based Capital Ratio Corporation Bank 24 |
| 5.85 6.49 6.75 6.73 6.69 6.68 6.74 1.96 2.37 2.65 3.11 3.42 3.79 4.13 0.38 1.43 2.42 2.32 2.21 2.16 2.16 4.27 4.31 4.12 4.21 4.27 4.41 4.53 2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD Sep-26 QTD Yield on Loans Yield on securities Cost of Interest Bearing Deposits NIM NIM, Yields, and Costs (%) Net Interest Income and Net Interest Margin (NIM) Trends Third Quarter 2026 Investor Presentation 25 |
| Noninterest Income Trends Third Quarter 2026 Investor Presentation 21% 21% 20% 18% 18% 17% 20% 20% 20% 18% 18% 17% 41% 34% 34% 40% 40% 41% 8% 9% 10% 9% 9% 9% 10% 16% 16% 15% 15% 16% $29,212 $29,615 $30,538 $34,631 $26,265 $28,362 2022 2023 2024 2025 Sep-25 YTD Sep-26 YTD Interchange income Service charges and fees Mortgage banking income Wealth management income Other income Noninterest Income ($ mil) Gain on Sale of Loans ($ mil) Lender Solutions Fee Income ($ mil) 26 85% 89% 90% 88% 90% 87% 15% 11% 10% 12% 10% 13% $697.3 $498.8 $527.8 $680.2 $494.3 $586.1 2022 2023 2024 2025 Sep-25 YTD Sep-26 YTD Purchases Refinancings $1.7 $2.0 $2.0 $2.9 $2.1 $2.7 2022 2023 2024 2025 Sep-25 YTD Sep-26 YTD Originations ($ mil) Lender Solutions active clientele included 25 community financial institutions as of September 30, 2026 $7.5 $5.8 $6.1 $8.0 $6.2 $6.3 2022 2023 2024 2025 Sep-25 YTD Sep-26 YTD |
| Funding Sources Third Quarter 2026 Investor Presentation * The Corporation may rely on brokered deposits on a limited basis as a means of maintaining and diversifying liquidity and funding sources. Internal policy limits brokered deposits to 20 percent of total deposits. September 30, 2026 ($ in thousands) Available Used Net Availability Excess cash reserves $30,785 $ - $30,785 Borrowings from FHLB 288,819 65,000 223,819 Borrowings from Federal Reserve Bank 342,876 - 342,876 Unsecured federal funds agreements 75,000 - 75,000 Unpledged securities 343,436 - 343,436 Total Liquidity Sources $1,080.916 $65,000 $1,015,916 Uninsured and Uncollateralized Deposits $587,169 Coverage Ratio 173% Brokered deposits * $584,537 $17,931 $566,606 27 |
| Financial Summary – Balance Sheet Third Quarter 2026 Investor Presentation 28 As of September 30, June 30, March 31, December 31, September 30, ($ thousands) 2026 2026 2026 2025 2025 Balance Sheet Interest-bearing deposits in other banks $ 30,785 $ 42,739 $ 62,141 $ 65,510 $ 80,843 Securities - available for sale, at fair value 454,057 458,252 470,619 458,111 439,034 Loans held for sale, at fair value 26,757 44,066 56,120 40,911 33,478 Loans, net: Community banking segment 1,675,291 1,638,580 1,596,842 1,572,883 1,527,809 Consumer finance segment 429,639 434,534 438,545 442,016 440,968 Total loans, net of allowance for credit losses 2,104,930 2,073,114 2,035,387 2,014,899 1,968,777 Other assets 194,659 191,797 189,481 189,063 189,160 Total assets $ 2,811,188 $ 2,809,968 $ 2,813,748 $ 2,768,494 $ 2,711,292 Deposits: Noninterest-bearing demand deposits $ 552,739 $ 561,160 $ 568,420 $ 543,673 $ 558,013 Savings and interest-bearing deposits 878,404 884,584 907,732 905,683 870,267 Time deposits 924,937 919,614 923,304 896,367 869,755 Total deposits 2,356,080 2,365,358 2,399,456 2,345,723 2,298,035 FHLB advances 65,000 45,000 30,000 40,000 40,000 Subordinated notes 65,519 65,510 65,501 65,493 65,484 Other borrowings 7,576 7,664 7,750 7,842 7,922 Other liabilities 47,695 48,044 44,929 47,088 45,964 Total liabilities 2,541,870 2,531,576 2,547,636 2,506,146 2,457,405 Total equity 269,318 278,392 266,112 262,348 253,887 Total liabilities and equity $ 2,811,188 $ 2,809,968 $ 2,813,748 $ 2,768,494 $ 2,711,292 |
| Financial Summary – Income Statement Third Quarter 2026 Investor Presentation 29 For the Three Months Ended September 30, June 30, March 31, December 31, September 30, ($ thousands, except per share data) 2026 2026 2026 2025 2025 Income Statement Interest income: Interest and fees on loans $ 36,693 $ 35,690 $ 34,715 $ 34,842 $ 34,683 Interest on interest-bearing deposits in other banks 272 471 651 864 719 Interest and dividends on securities 4,611 4,190 3,780 3,615 3,381 Total interest income 41,576 40,351 39,146 39,321 38,783 Interest expense: Savings and interest-bearing deposits 2,260 2,240 2,263 2,328 2,226 Time deposits 7,617 7,526 7,586 7,857 7,725 FHLB advances 322 328 429 450 450 Subordinated notes 1,139 1,110 1,102 1,108 1,112 Other borrowings 64 57 57 60 96 Total interest expense 11,402 11,261 11,437 11,803 11,609 Net interest income 30,174 29,090 27,709 27,518 27,174 Provision for credit losses 2,750 2,650 3,600 3,550 2,900 Net interest income after provision for credit losses 27,424 26,440 24,109 23,968 24,274 |
| Financial Summary – Income Statement Third Quarter 2026 Investor Presentation 30 For the Three Months Ended September 30, June 30, March 31, December 31, September 30, ($ thousands, except per share data) 2026 2026 2026 2025 2025 Income Statement Noninterest income: Gain on sales of loans 1,365 2,436 2,545 1,778 1,896 Interchange income 1,652 1,673 1,577 1,580 1,610 Service charges on deposit accounts 1,123 1,061 1,020 1,052 1,049 Investment income from other equity interests 80 8,332 372 210 197 Mortgage banking fee income 757 985 850 732 735 Wealth management services income, net 917 847 808 820 795 Mortgage lender services income 907 969 820 784 768 Other service charges and fees 502 517 504 504 520 Net losses on sales, maturities and calls of available for sale securities - (7,129) - - - Other income, net 733 2,085 54 906 1,274 Total noninterest income 8,036 11,776 8,550 8,366 8,844 Noninterest expense Salaries and employee benefits 14,758 16,501 14,357 14,027 14,420 Occupancy 2,416 2,402 2,215 2,265 2,245 Data processing 3,421 3,403 3,175 3,081 3,026 Professional fees 785 943 917 876 901 Insurance expense 481 440 430 415 399 Marketing and advertising expenses 604 639 547 625 660 Loan processing and collection expenses 847 918 873 878 831 Other 1,969 2,101 1,801 2,074 1,808 Total noninterest expense 25,281 27,347 24,315 24,241 24,290 Income before taxes 10,179 10,869 8,344 8,093 8,828 Income tax expense 1,922 2,243 1,550 1,377 1,715 Net income $ 8,257 $ 8,626 $ 6,794 $ 6,716 $ 7,113 Earnings per share 2.55 2.63 $ 2.08 $ 2.07 $ 2.18 |
| Financial Summary – Ratios Third Quarter 2026 Investor Presentation 31 As of or For the Three Months Ended September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Balance Sheet Metrics Loans/Deposits 90.5% 89.5% 87.2% 87.6% 87.4% Tangible common equity/tangible assets 8.72% 9.04% 8.59% 8.59% 8.46% Key performance ratios Net interest margin 4.53% 4.41% 4.27% 4.20% 4.24% Efficiency ratio 66.9% 66.9% 67.1% 67.6% 67.4% Annualized return on average assets 1.18% 1.23% 0.97% 0.97% 1.06% Annualized return on average equity 11.86% 12.75% 10.19% 10.41% 11.60% Annualized return on average tangible common equity 13.18% 14.08% 11.28% 11.67% 13.07% Dividend payout ratio on common stock 18.8% 18.3% 23.1% 22.2% 21.1% Tangible book value per common share $ 74.66 $ 77.45 $ 73.70 $ 72.60 $ 70.15 |
| At C&F, we believe in hard work and in supporting one another. We believe that when we put people first, we all grow and move toward our goals. We believe expertise is important, but so are people — because when we focus on them, everything else falls into place. We’re here to help our communities, our neighbors, and our team members focus on what matters most. To us, that’s you. It’s always you. 32 |
| Reconciliation of Non-GAAP Disclosures Third Quarter 2026 Investor Presentation 33 For the Year Ended For the Three Months Ended For the Nine Months Ended ($ thousands) 2022 2023 2024 2025 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Sep-25 Sep-26 Adjusted Net Income and Adjusted Earnings Per Share Net income, as reported $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,113 $ 6,716 $ 6,794 $ 8,626 $ 8,257 $ 20,275 $ 23,677 Sale of other equity interest - - - - - - - (6,375) - - (6,375) Securities portfolio restructuring - - - - - - - 5,632 - - 5,632 Adjusted Net Income $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,113 $ 6,716 $ 6,794 $ 7,883 $ 8,257 $ 20,275 $ 22,934 Weighted average shares - basic and diluted 3,517,114 3,411,995 3,299,574 3,237,541 3,238,057 3,238,417 3,248,485 3,252,163 3,251,418 3,237,256 3,250,699 Earnings per share - basic and diluted, as reported $ 8.29 $ 6.92 $ 6.01 $ 8.29 $ 2.18 $ 2.07 $ 2.08 $ 2.63 $ 2.55 $ 6.22 $ 7.26 Sale of other equity interest - - - - - - - (1.96) - - (1.96) Securities portfolio restructuring - - - - - - - 1.73 - - 1.73 Adjusted earnings per share - basic and diluted $ 8.29 $ 6.92 $ 6.01 $ 8.29 $ 2.18 $ 2.07 $ 2.08 $ 2.40 $ 2.55 $ 6.22 $ 7.03 Adjusted ROAE Average total equity, as reported $ 197,876 $ 203,261 $ 220,856 $ 243,033 $ 245,218 $ 257,974 $ 266,763 $ 270,666 $ 278,440 $ 237,998 $ 271,999 Annualized ROAE, as reported 14.84% 11.68% 9.02% 11.11% 11.60% 10.41% 10.19% 12.75% 11.86% 11.36% 11.60% Annualized adjusted ROAE 14.84% 11.68% 9.02% 11.11% 11.60% 10.41% 10.19% 11.65% 11.86% 11.36% 11.24% Adjusted ROAA Average total assets, as reported $2,319,683 $ 2,393,497 $2,494,496 $2,667,795 $ 2,691,263 $ 2,759,427 $ 2,792,255 $ 2,802,069 $ 2,804,320 $ 2,636,916 $ 2,799,599 Annualized ROAA, as reported 1.27% 0.99% 0.80% 1.01% 1.06% 0.97% 0.97% 1.23% 1.18% 1.02% 1.13% Annualized adjusted ROAA 1.27% 0.99% 0.80% 1.01% 1.06% 0.97% 0.97% 1.13% 1.18% 1.02% 1.09% |
| Reconciliation of Non-GAAP Disclosures Third Quarter 2026 Investor Presentation 34 For the Year Ended For the Three Months Ended For the Nine Months Ended ($ thousands) 2022 2023 2024 2025 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Sep-25 Sep-26 Return on Average Tangible Common Equity Average total equity, as reported $ 197,876 $ 203,261 $ 220,856 $ 243,033 $ 245,218 $ 257,974 $ 266,763 $ 270,666 $ 278,440 $ 237,998 $ 271,999 Average goodwill (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) Average other intangible assets (1,820) (1,538) (1,273) (1,017) (985) (924) (896) (868) (843) (1,049) (869) Average noncontrolling interest (737) (675) (649) (693) (538) (479) (590) (626) (471) (702) (623) Average tangible common equity $ 170,128 $ 175,857 $ 193,743 $ 216,132 $ 218,504 $ 231,380 $ 240,086 $ 243,981 $ 251,935 $ 211,056 $ 245,316 Net income $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,113 $ 6,716 $ 6,794 $ 8,626 $ 8,257 $ 20,275 $ 23,677 Amortization of intangibles 298 273 260 238 63 50 25 25 25 188 75 Net income attributable to noncontrolling interest (210) (142) (84) (156) (38) (15) (47) (63) 18 (141) (92) Net income attributable to C&F Financial Corporation $ 29,457 $ 23,877 $ 20,094 $ 27,073 $ 7,138 $ 6,751 $ 6,772 $ 8,588 $ 8,300 $ 20,322 $ 23,660 Adjusted net income $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,113 $ 6,716 $ 6,794 $ 7,883 $ 8,257 $ 20,275 $ 22,934 Amortization of intangibles 298 273 260 238 63 50 25 25 25 188 75 Net income attributable to noncontrolling interest (210) (142) (84) (156) (38) (15) (47) (63) 18 (141) (92) Net income attributable to C&F Financial Corporation $ 29,457 $ 23,877 $ 20,094 $ 27,073 $ 7,138 $ 6,751 $ 6,772 $ 7,845 $ 8,300 $ 20,322 $ 22,917 Annualized return on average tangible common equity 17.31% 13.58% 10.37% 12.53% 13.07% 11.67% 11.28% 14.08% 13.18% 12.84% 12.86% Adjusted annualized return on average tangible common equity 17.31% 13.58% 10.37% 12.53% 13.07% 11.67% 11.28% 12.86% 13.18% 12.84% 12.45% |
| Reconciliation of Non-GAAP Disclosures Third Quarter 2026 Investor Presentation 35 As of ($ thousands) Dec-22 Dec-23 Dec-24 Dec-25 Sep-25 Mar-26 Jun-26 Sep-26 Tangible Common Equity (TCE) / Tangible Assets (TA) Total equity, as reported $ 196,233 $ 217,516 $ 226,970 $ 262,348 $ 253,887 $ 266,112 $ 278,392 $ 269,318 Goodwill (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) Other intangible assets (1,679) (1,407) (1,147) (909) (959) (884) (859) (834) Noncontrolling interest (599) (638) (610) (595) (604) (642) (607) (565) Tangible common equity $ 168,764 $ 190,280 $ 200,022 $ 235,653 $ 227,133 $ 239,395 $ 251,735 $ 242,728 Total assets, as reported $2,332,317 $ 2,438,498 $2,563,374 $2,768,494 $ 2,711,292 $ 2,813,748 $ 2,809,968 $ 2,811,188 Goodwill (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) Other intangible assets (1,679) (1,407) (1,147) (909) (959) (884) (859) (834) Noncontrolling interest (599) (638) (610) (595) (603) (642) (607) (565) Tangible assets $2,304,848 $ 2,411,262 $2,536,426 $2,741,799 $ 2,684,539 $ 2,787,031 $ 2,783,311 $ 2,784,598 Tangible Common Equity (TCE) / Tangible Assets (TA) 7.32% 7.89% 7.89% 8.59% 8.46% 8.59% 9.04% 8.72% Tangible Book Value Per Share Equity attributable to C&F Financial Corporation $ 195,634 $ 216,878 $ 226,360 $ 261,753 $ 253,283 $ 265,470 $ 277,785 $ 268,753 Less goodwill (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) Less other intangible assets (1,679) (1,407) (1,147) (909) (959) (884) (859) (834) Tangible equity attributable to C&F Financial Corporation $ 168,764 $ 190,280 $ 200,022 $ 235,653 $ 227,133 $ 239,395 $ 251,735 $ 242,728 Shares outstanding 3,476,614 3,374,098 3,233,672 3,245,972 3,237,634 3,248,149 3,250,307 3,251,123 Book value per share $ 56.27 $ 64.28 $ 70.00 $ 80.64 $ 78.23 $ 81.73 $ 85.46 $ 82.66 Tangible book value per share $ 48.54 $ 56.40 $ 61.86 $ 72.60 $ 70.15 $ 73.70 $ 77.45 $ 74.66 |
