C&F Financial posts new investor presentation
C&F Financial Corporation reported that on July 23, 2026 it published an investor presentation on its website.
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Rhea-AI Filing Summary
C&F Financial Corporation reported that on July 23, 2026 it published an investor presentation on its website. The same presentation is attached as Exhibit 99.1 to a current report under Item 7.01, and management may use it in meetings with investors during the third quarter of 2026.
The company states that the information in Item 7.01, including Exhibit 99.1, is being furnished, not filed under the Securities Exchange Act of 1934, is not subject to Section 18 liability, and will only be incorporated into Securities Act or Exchange Act filings if expressly referenced there.
8-K Event Classification
Key Terms
Regulation FD regulatory
General Instruction B.2 regulatory
Section 18 of the Securities Exchange Act of 1934 regulatory
incorporated by reference 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)
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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:
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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 July 23, 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 third 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 July 23, 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: | July 23, 2026 | By: | /s/ Jason E. Long | ||
Jason E. Long | |||||
Chief Financial Officer | |||||
3
Exhibit 99.1
| C&F Financial Corporation NASDAQ: CFFI Second 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 flows, (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 Second Quarter 2026 Investor Presentation 2 |
| C&F has unique competitive advantages Second 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 Second Quarter 2026 Investor Presentation 4 |
| 5 |
| Our Leadership Second 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 Second Quarter 2026 Investor Presentation 7 Community Banking $2.37 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 $413 million Loan Originations Jun-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 $457 million Loan Portfolio • Provides automobile loans through indirect lending programs • Primarily in the Mid-Atlantic, Midwest and Southern United States Wealth Management $705 million Assets Under Management Jun-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 Second Quarter 2026 Investor Presentation 8 Company Overview C&F Branch 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 $2.11 Billion Total Loans, HFI $2.37 Billion Total Deposits Size $252.1 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 recent opening of a new loan production office in Lynchburg in July 2026 • Strong balance sheet and asset quality • Strong 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 – June 30, 2026 QTD Second 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 June 30, 2026 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 27,215 $ 818 $ 12,086 $ — $ 232 $ 40,351 Interest expense 10,151 — — 1,110 — 11,261 Net interest income before allocation 17,064 818 12,086 (1,110) 232 29,090 Net interest allocation1 5,934 (416) (5,518) — — — Net interest income 22,998 402 6,568 (1,110) 232 29,090 Gain on sales of loans — 2,655 — — (219) 2,436 Other noninterest income 5,578 2,007 149 1,652 (46) 9,340 Net revenue 28,576 5,064 6,717 542 (33) 40,866 Provision for credit losses 150 — 2,500 — — 2,650 Salaries and employee benefits 10,485 2,105 2,014 1,897 — 16,501 Occupancy expense 2,012 231 159 — — 2,402 Data processing 2,610 434 349 10 — 3,403 Professional fees 665 50 157 71 — 943 Insurance expense 391 17 32 — — 440 Marketing and advertising expenses 491 140 8 — — 639 Loan processing and collection expenses 75 499 344 — — 918 Provision for indemnifications — (25) — — — (25) Other segment items2 1,457 196 410 82 (19) 2,126 Total noninterest expense 18,186 3,647 3,473 2,060 (19) 27,347 Income (loss) before taxes 10,240 1,417 744 (1,518) (14) 10,869 Income tax expense (benefit) 2,067 357 206 (384) (3) 2,243 Net income (loss) $ 8,173 $ 1,060 $ 538 $ (1,134) $ (11) $ 8,626 |
| Segments – June 30, 2025 QTD Second 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 June 30, 2025 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 24,378 $ 732 $ 12,144 $ — $ 153 $ 37,407 Interest expense 10,143 — — 756 — 10,899 Net interest income before allocation 14,235 732 12,144 (756) 153 26,508 Net interest allocation1 6,110 (374) (5,736) — — — Net interest income 20,345 358 6,408 (756) 153 26,508 Gain on sales of loans — 2,573 — — (115) 2,458 Other noninterest income 4,378 1,700 149 1,225 (62) 7,390 Net revenue 24,723 4,631 6,557 469 (24) 36,356 Provision for credit losses (300) — 2,400 — — 2,100 Salaries and employee benefits 9,421 1,971 2,018 1,436 — 14,846 Occupancy expense 1,669 290 140 — — 2,099 Data processing 2,300 358 321 10 — 2,989 Professional fees 680 67 135 119 — 1,001 Insurance expense 345 37 34 — — 416 Marketing and advertising expenses 415 125 9 — — 549 Loan processing and collection expenses 26 327 392 — — 745 Provision for indemnifications — (35) — — — (35) Other segment items2 1,419 181 364 74 (18) 2,020 Total noninterest expense 16,275 3,321 3,413 1,639 (18) 24,630 Income (loss) before taxes 8,748 1,310 744 (1,170) (6) 9,626 Income tax expense (benefit) 1,632 325 205 (302) (1) 1,859 Net income (loss) $ 7,116 $ 985 $ 539 $ (868) $ (5) $ 7,767 |
| Segments – June 30, 2026 YTD Second 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 Six Months Ended June 30, 2026 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 53,387 $ 1,358 $ 24,304 $ — $ 448 $ 79,497 Interest expense 20,486 — — 2,212 — 22,698 Net interest income before allocation 32,901 1,358 24,304 (2,212) 448 56,799 Net interest allocation1 11,718 (648) (11,070) — — — Net interest income 44,619 710 13,234 (2,212) 448 56,799 Gain on sales of loans — 5,384 — — (403) 4,981 Other noninterest income 10,074 3,712 303 1,352 (96) 15,345 Net revenue 54,693 9,806 13,537 (860) (51) 77,125 Provision for credit losses 450 — 5,800 — — 6,250 Salaries and employee benefits 20,602 4,367 4,046 1,843 — 30,858 Occupancy expense 3,866 446 305 — — 4,617 Data processing 5,083 806 670 19 — 6,578 Professional fees 1,305 78 351 126 — 1,860 Insurance expense 771 36 63 — — 870 Marketing and advertising expenses 911 252 23 — — 1,186 Loan processing and collection expenses 114 859 818 — — 1,791 Provision for indemnifications — (60) — — — (60) Other segment items2 2,614 385 825 175 (37) 3,962 Total noninterest expense 35,266 7,169 7,101 2,163 (37) 51,662 Income (loss) before taxes 18,977 2,637 636 (3,023) (14) 19,213 Income tax expense (benefit) 3,694 667 179 (744) (3) 3,793 Net income (loss) $ 15,283 $ 1,970 $ 457 $ (2,279) $ (11) $ 15,420 |
| Segments – June 30, 2025 YTD Second 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 Six Months Ended June 30, 2025 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 47,762 $ 1,071 $ 24,267 $ — $ 295 $ 73,395 Interest expense 20,524 — — 1,353 — 21,877 Net interest income before allocation 27,238 1,071 24,267 (1,353) 295 51,518 Net interest allocation1 11,864 (446) (11,418) — — — Net interest income 39,102 625 12,849 (1,353) 295 51,518 Gain on sales of loans — 4,558 — — (253) 4,305 Other noninterest income 8,608 2,836 326 1,447 (101) 13,116 Net revenue 47,710 8,019 13,175 94 (59) 68,939 Provision for credit losses (200) — 5,300 — — 5,100 Salaries and employee benefits 18,700 3,763 3,995 1,871 — 28,329 Occupancy expense 3,499 503 290 — — 4,292 Data processing 4,642 584 611 18 — 5,855 Professional fees 1,404 93 226 199 — 1,922 Insurance expense 761 67 79 — — 907 Marketing and advertising expenses 799 265 14 — — 1,078 Loan processing and collection expenses 68 557 803 — — 1,428 Provision for indemnifications — (60) — — — (60) Other segment items2 2,634 358 800 181 (35) 3,938 Total noninterest expense 32,507 6,130 6,818 2,269 (35) 47,689 Income (loss) before taxes 15,403 1,889 1,057 (2,175) (24) 16,150 Income tax expense (benefit) 2,842 473 292 (614) (5) 2,988 Net income (loss) $ 12,561 $ 1,416 $ 765 $ (1,561) $ (19) $ 13,162 |
| Quarterly Trends Second 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) ($) $2.37 $2.18 $2.07 $2.08 $2.63 Adj EPS, $2.40 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Return on Average Assets (ROAA) (%) 1.18 1.06 0.97 0.97 1.23 Adj ROAA, 1.13 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Net Interest Margin (NIM) (%) 4.27 4.24 4.20 4.27 4.41 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Return on Average Tangible Common Equity (ROATCE) * (%) 14.70 13.07 11.67 11.28 14.08 Adj ROA TCE, 12.86 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 13 |
| Earnings Second Quarter 2026 Investor Presentation Return on Average Equity (ROAE) (%) Earnings per Share (EPS) ($) 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 $4.03 $4.71 Adj EPS, $4.48 2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD 1.27 0.99 0.80 1.01 1.01 1.10 Adj ROAA, 1.05 2022 2023 2024 2025 Jun-25** Jun-26** 14.84 11.68 9.02 11.11 11.23 11.48 Adj ROAE, 10.92 2022 2023 2024 2025 Jun-25** Jun-26** 17.31 13.58 10.37 12.53 12.72 12.69 Adj ROA TCE, 12.08 2022 2023 2024 2025 Jun-25** Jun-26** 14 |
| Shareholder Value Creation Second Quarter 2026 Investor Presentation Dividends per Share ($) * Non-GAAP financial measure. For non-GAAP financial measures, see reconciliation to most directly comparable GAAP measures in “Appendix – Reconciliation of Non-GAAP Disclosures” ** Annualized, year-to-date $1.64 $1.76 $1.76 $1.84 $1.92 2022 2023 2024 2025 Jun-26** 15 $48.54 $56.40 $61.86 $72.60 $77.45 2022 2023 2024 2025 Jun-26 Tangible Book Value per Share* ($) $4.51 $7.51 $7.95 $0.00 $0.62 2022 2023 2024 2025 Jun-26 YTD Share Repurchases ($ mil) 14.3% CAGR |
| $1.60 $1.70 $1.88 $2.01 $2.07 2022 2023 2024 2025 Jun-26 Bank Finance $2.33 $2.44 $2.56 $2.77 $2.81 2022 2023 2024 2025 Jun-26 $2.00 $2.07 $2.17 $2.35 $2.37 2022 2023 2024 2025 Jun-26 Balance Sheet Second Quarter 2026 Investor Presentation Deposits ($ bil) Total Assets ($ bil) 5.5% CAGR 4.9% CAGR 7.8% CAGR Loans HFI Net ($ bil) 16 82% 84% 88% 88% 90% 2022 2023 2024 2025 Jun-26 Loan to Deposit Ratio (%) |
| Securities Second Quarter 2026 Investor Presentation U.S. Treasury securities 1% U.S. Government Agencies and corporations 5% Mortgage-backed securities 53% Obligations of states and political subdivision 34% Corporate and other debt securities 7% Composition (% of Total Securities) (Jun-26) Yield (%) 1.96 2.37 2.65 3.11 3.42 3.79 2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD Maturities and Weighted Average Yield* ($ mil) (Jun-26) 17 $81.7 $174.0 $145.8 $65.2 3.48% 3.56% 4.64% 4.77% 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 5.5 years and 3.7 years, respectively, as of June 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 $67.8 million of securities with a weighted average yield of 4.70% |
| Loan Portfolio Trends Second Quarter 2026 Investor Presentation CRE-Owner Occupied 6% CRE-Nonowner Occupied 37% AD&C 10% Residential Mortgage 15% Commercial Business 6% Equity Lines 4% Consumer Finance Auto 19% Consumer Finance Marine and RV 2% Other Consumer 1% Composition (% of Total Loans) (Jun-26) Loans, Gross ($ bil) $1.64 $1.74 $1.92 $2.05 $2.11 2022 2023 2024 2025 Jun-26 18 ($ mil) Amount % of CRE % of Total Multifamily $181,884 18.9% 8.6% Retail 160,421 16.7 7.6 Office 127,421 13.3 6.0 1-4 Family Investment Properties 104,301 10.9 4.9 Hotels 101,609 10.6 4.8 Industrial/warehouse 92,294 9.6 4.4 Mini-Storage 72,011 7.5 3.4 Medical Office 44,910 4.7 2.1 Other 75,472 7.8 3.7 Commercial & Construction Commercial Concentrations Total CRE was 269% of total risk-based capital as of June 30, 2026. The average CRE loan was $1.02 million as of June 30, 2026. |
| Loan Yields Second Quarter 2026 Investor Presentation Yield (%) 5.85 6.49 6.75 6.73 6.69 6.68 4.32 5.12 5.49 5.56 5.57 5.61 9.84 9.97 10.42 10.59 10.67 10.55 2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD Consolidated Bank Finance 19 |
| Asset Quality Second Quarter 2026 Investor Presentation 0.01 0.03 0.020.19 0.07 0.07 0.07 0.19 0.13 0.22 0.20 0.14 2022 2023 2024 2025 Mar-26 Jun-26 Bank Finance 0.04 0.010.01 0.02 0.01 0.01 0.01 0.00 0.01 3.05 1.54 -0.14 0.59 1.99 2.62 2.59 2.98 2.60 2019 2020 2021 2022 2023 2024 2025 Mar-26* Jun-26* Bank Finance 1.25 1.26 1.20 1.10 1.09 1.06 5.47 5.03 4.86 4.79 4.80 4.83 2.48 2.28 2.09 1.93 1.91 1.88 2022 2023 2024 2025 Mar-26 Jun-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 20 0.72% 0.59% 0.21% 0.13% 0.13% 0.12% 2022 2023 2024 2025 Mar-26 Jun-26 Criticized & Classified Loans (% of Total Loans) |
| Consumer Finance Loan Portfolio Second 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% 18% 24% 24% 28% 29% 29% 29% 29% 29% 8% 11% 15% 22% 25% 28% 29% 30% 7% 14% 15% 16% 17% 19% 19% 19% 2019 2020 2021 2022 2023 2024 2025 Jun-26 Credit Score at Origination Marginal (<580) Fair (580-624) Fairly Good (625-669) Good (670-739) Very Good (>739) 21 |
| Deposits Second Quarter 2026 Investor Presentation 0.23 0.60 0.82 0.98 1.02 1.00 0.76 2.79 4.10 3.65 3.39 3.28 0.26 1.02 1.80 1.75 1.69 1.64 2022 2023 2024 2025 Mar-26 QTD Jun-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 $2.37 2022 2023 2024 2025 Jun-26 Noninterest bearing Savings and interest bearing Time Deposit Composition ($ bil) 22 Cost of Deposits (%) |
| 1.90% 1.85% 1.81% 1.72% 1.73% 1.73% 1.69% 1.64% 0.0% 4.6% 8.9% 18.4% 15.9% 11.9% 12.2% 14.6% Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Total Deposits Cost of Deposits Cumulative Deposit Beta Deposit Trends Second Quarter 2026 Investor Presentation 2.54% 2.48% 2.41% 2.30% 2.29% 2.27% 2.21% 2.16% 0.0% 5.8% 12.8% 23.9% 24.7% 18.4% 19.0% 21.8% Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Interest-Bearing Deposits Cost of Deposits Cumulative Deposit Beta From the beginning of the Federal Reserve’s rate increases in March, 2022, cumulative deposit betas reached a peak of 33.3% and 44.1% in September, 2024 for total deposits and interest-bearing deposits, respectively. Cumulative deposit beta is calculated as the decrease in the rate paid on the respective deposits for each period presented divided by the incremental decrease in the Federal Reserve rate since September, 2024. 23 |
| Granular Deposit Base Second Quarter 2026 Investor Presentation 70% 6% 24% Insured Uninsured, secured Public Funds All other uninsured Consumer De p o sits, $1.4 billion Commercial Deposits, $ 9 5 0 mill oi n 24 Total Deposits $2.37 Billion As of 6/30/26 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 ~71,700 Consumer Accounts Granular Deposit Base $20,000 Average Account balance Commercial Deposits Customer Base ~14,800 Commercial Accounts Granular Deposit Base $64,000 Average Account balance |
| 7.32% 7.89% 7.89% 8.59% 9.04% 0.00% 4.00% 8.00% 12.00% 16.00% 2022 2023 2024 2025 Jun-26 TCE Ratio Strong Capital Position Second Quarter 2026 Investor Presentation 9.9% 9.9% 10.1%10.3% 9.8% 10.1% 10.0% 10.3% 11.1% 11.2% 0.0% 4.0% 8.0% 12.0% 16.0% 2022 2023 2024 2025 Jun-26 Tier 1 Leverage Ratio Corporation Bank 11.4% 11.3% 10.7% 11.0% 11.3% 12.9% 12.9% 12.3% 13.6% 13.5% 0.0% 4.0% 8.0% 12.0% 16.0% 2022 2023 2024 2025 Jun-26 CET 1 Risk-based Capital Ratio Corporation Bank 15.4% 14.8% 14.1% 15.2% 15.3% 14.2% 14.1% 13.5% 14.8% 14.8% 0.0% 4.0% 8.0% 12.0% 16.0% 2022 2023 2024 2025 Jun -26 Total Risk-based Capital Ratio Corporation Bank 25 |
| 5.85 6.49 6.75 6.73 6.69 6.68 1.96 2.37 2.65 3.11 3.42 3.79 0.38 1.43 2.42 2.32 2.21 2.16 4.27 4.31 4.12 4.21 4.27 4.41 2022 2023 2024 2025 Mar-26 QTD Jun-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 Second Quarter 2026 Investor Presentation 26 |
| Noninterest Income Trends Second Quarter 2026 Investor Presentation 21% 21% 20% 18% 18% 16% 20% 20% 20% 18% 18% 15% 41% 34% 34% 40% 41% 42% 8% 9% 10% 9% 9% 8% 10% 16% 16% 15% 14% 19% $29,212 $29,615 $30,538 $34,631 $17,421 $20,326 2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD Interchange income Service charges and fees Mortgage banking income Wealth management income Other income Noninterest Income ($ mil) Gain on Sale of Loans ($ mil) Lender Solutions Fee Income ($ mil) 27 85% 89% 90% 88% 91% 85% 15% 11% 10% 12% 9% 15% $697.3 $498.8 $527.8 $680.2 $327.3 $413.3 2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD Purchases Refinancings $1.7 $2.0 $2.0 $2.9 $1.3 $1.8 2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD Originations ($ mil) Lender Solutions active clientele included 23 community financial institutions as of June 30, 2026 $7.5 $5.8 $6.1 $8.0 $4.3 $5.0 2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD |
| Funding Sources Second Quarter 2026 Investor Presentation * The Corporation may rely on brokered deposits on a limited basis as a means of maintaining and diversifying liquidity and funding sources. Internal policy limits brokered deposits to 20 percent of total deposits. June 30, 2026 ($ in thousands) Available Used Net Availability Excess cash reserves $42,739 $ - $42,739 Borrowings from FHLB 286,074 45,000 241,074 Borrowings from Federal Reserve Bank 353,729 - 353,729 Unsecured federal funds agreements 75,000 - 75,000 Unpledged securities 339,753 - 339,753 Total Liquidity Sources $1,097.295 $45,000 $1,052,295 Uninsured and Uncollateralized Deposits $560,888 Coverage Ratio 188% Brokered deposits * $586,848 $17,966 $568,882 28 |
| Financial Summary – Balance Sheet Second Quarter 2026 Investor Presentation 29 As of June 30, March 31, December 31, September 30, June 30, ($ thousands) 2026 2026 2025 2025 2025 Balance Sheet Interest-bearing deposits in other banks $ 42,739 $ 62,141 $ 65,510 $ 80,843 $ 62,289 Securities - available for sale, at fair value 458,252 470,619 458,111 439,034 434,506 Loans held for sale, at fair value 44,066 56,120 40,911 33,478 44,757 Loans, net: Community banking segment 1,638,580 1,596,842 1,572,883 1,527,809 1,513,082 Consumer finance segment 434,534 438,545 442,016 440,968 439,005 Total loans, net of allowance for credit losses 2,073,114 2,035,387 2,014,899 1,968,777 1,952,087 Other assets 191,797 189,481 189,063 189,160 192,753 Total assets $ 2,809,968 $ 2,813,748 $ 2,768,494 $ 2,711,292 $ 2,686,392 Deposits: Noninterest-bearing demand deposits $ 561,160 $ 568,420 $ 543,673 $ 558,013 $ 555,759 Savings and interest-bearing deposits 884,584 907,732 905,683 870,267 857,613 Time deposits 919,614 923,304 896,367 869,755 842,942 Total deposits 2,365,358 2,399,456 2,345,723 2,298,035 2,256,314 FHLB advances 45,000 30,000 40,000 40,000 52,000 Subordinated notes 65,510 65,501 65,493 65,484 65,475 Other borrowings 7,664 7,750 7,842 7,922 28,660 Other liabilities 48,044 44,929 47,088 45,964 43,027 Total liabilities 2,531,576 2,547,636 2,506,146 2,457,405 2,445,476 Total equity 278,392 266,112 262,348 253,887 240,916 Total liabilities and equity $ 2,809,968 $ 2,813,748 $ 2,768,494 $ 2,711,292 $ 2,686,392 |
| Financial Summary – Income Statement Second Quarter 2026 Investor Presentation 30 As of or For the Three Months Ended June 30, March 31, December 31, September 30, June 30, ($ thousands, except per share data) 2026 2026 2025 2025 2025 Income Statement Interest income: Interest and fees on loans $ 35,690 $ 34,715 $ 34,842 $ 34,683 $ 33,716 Interest on interest-bearing deposits in other banks 471 651 864 719 413 Interest and dividends on securities 4,190 3,780 3,615 3,381 3,278 Total interest income 40,351 39,146 39,321 38,783 37,407 Interest expense: Savings and interest-bearing deposits 2,240 2,263 2,328 2,226 2,006 Time deposits 7,526 7,586 7,857 7,725 7,547 FHLB advances 328 429 450 450 447 Subordinated notes 1,110 1,102 1,108 1,112 756 Other borrowings 57 57 60 96 143 Total interest expense 11,261 11,437 11,803 11,609 10,899 Net interest income 29,090 27,709 27,518 27,174 26,508 Provision for credit losses 2,650 3,600 3,550 2,900 2,100 Net interest income after provision for credit losses 26,440 24,109 23,968 24,274 24,408 |
| Financial Summary – Income Statement Second Quarter 2026 Investor Presentation 31 As of or For the Three Months Ended June 30, March 31, December 31, September 30, June 30, ($ thousands, except per share data) 2026 2026 2025 2025 2025 Income Statement Noninterest income: Gain on sales of loans 2,436 2,545 1,778 1,896 2,458 Interchange income 1,673 1,577 1,580 1,610 1,621 Service charges on deposit accounts 1,061 1,020 1,052 1,049 1,022 Investment income from other equity interests 8,332 372 210 197 127 Mortgage banking fee income 985 850 732 735 888 Wealth management services income, net 847 808 820 795 756 Mortgage lender services income 969 820 784 768 762 Other service charges and fees 517 504 504 520 551 Net losses on sales, maturities and calls of available for sale securities (7,129) - - - - Other income, net 2,085 54 906 1,274 1,663 Total noninterest income 11,776 8,550 8,366 8,844 9,848 Noninterest expense Salaries and employee benefits 16,501 14,357 14,027 14,420 14,846 Occupancy 2,402 2,215 2,265 2,245 2,099 Data processing 3,403 3,175 3,081 3,026 2,989 Professional fees 943 917 876 901 1,001 Insurance expense 440 430 415 399 416 Marketing and advertising expenses 639 547 625 660 549 Loan processing and collection expenses 918 873 878 831 745 Other 2,101 1,801 2,074 1,808 1,985 Total noninterest expense 27,347 24,315 24,241 24,290 24,630 Income before taxes 10,869 8,344 8,093 8,828 9,626 Income tax expense 2,243 1,550 1,377 1,715 1,859 Net income $ 8,626 $ 6,794 $ 6,716 $ 7,113 $ 7,767 Earnings per share 2.63 $ 2.08 $ 2.07 $ 2.18 $ 2.37 |
| Financial Summary – Ratios Second Quarter 2026 Investor Presentation 32 As of or For the Three Months Ended June 30, March 31, December 31, September 30, June 30, 2026 2026 2025 2025 2025 Balance Sheet Metrics Loans/Deposits 89.5% 87.2% 87.6% 87.4% 88.5% Tangible common equity/tangible assets 9.04% 8.59% 8.59% 8.46% 8.05% Key performance ratios Net interest margin 4.41% 4.27% 4.20% 4.24% 4.27% Efficiency ratio 66.9% 67.1% 67.6% 67.4% 67.7% Annualized return on average assets 1.23% 0.97% 0.97% 1.06% 1.18% Annualized return on average equity 12.75% 10.19% 10.41% 11.60% 13.06% Annualized return on average tangible common equity 14.08% 11.28% 11.67% 13.07% 14.70% Dividend payout ratio on common stock 18.3% 23.1% 22.2% 21.1% 19.4% Tangible book value per common share $ 77.45 $ 73.70 $ 72.60 $ 70.15 $ 66.12 |
| 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. 33 |
| Reconciliation of Non-GAAP Disclosures Second Quarter 2026 Investor Presentation 34 For the Year Ended For the Three Months Ended For the Six Months Ended ($ thousands) 2022 2023 2024 2025 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Jun-25 Jun-26 Adjusted Net Income and Adjusted Earnings Per Share Net income, as reported $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,767 $ 7,113 $ 6,716 $ 6,794 $ 8,626 $ 13,162 $ 15,420 Gain on sale of other equity interest - - - - - - - - (6,375) - (6,375) Loss on securities portfolio restructuring - - - - - - - - 5,632 - 5,632 Adjusted Net Income $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,767 $ 7,113 $ 6,716 $ 6,794 $ 7,883 $ 13,162 $ 14,677 Weighted average shares - basic and diluted 3,517,114 3,411,995 3,299,574 3,237,541 2,635,977 3,238,057 3,238,417 3,248,485 2,802,069 2,609,291 2,797,190 Earnings per share - basic and diluted, as reported $ 8.29 $ 6.92 $ 6.01 $ 8.29 $ 2.37 $ 2.18 $ 2.07 $ 2.08 $ 2.63 $ 4.03 $ 4.71 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 $ 2.37 $ 2.18 $ 2.07 $ 2.08 $ 2.40 $ 4.03 $ 4.48 Adjusted ROAE Average total equity, as reported $ 197,876 $ 203,261 $ 220,856 $ 243,033 $ 237,823 $ 245,218 $ 257,974 $ 266,763 $ 270,666 $ 234,328 $ 268,725 Annualized ROAE, as reported 14.84% 11.68% 9.02% 11.11% 13.06% 11.60% 10.41% 10.19% 12.75% 11.23% 11.48% Annualized adjusted ROAE 14.84% 11.68% 9.02% 11.11% 13.06% 11.60% 10.41% 10.19% 11.65% 11.23% 10.92% Adjusted ROAA Average total assets, as reported $2,319,683 $ 2,393,497 $2,494,496 $2,667,795 $ 2,635,977 $ 2,691,263 $ 2,759,427 $ 2,792,255 $ 2,802,069 $ 2,609,291 $ 2,797,190 Annualized ROAA, as reported 1.27% 0.99% 0.80% 1.01% 1.18% 1.06% 0.97% 0.97% 1.23% 1.01% 1.10% Annualized adjusted ROAA 1.27% 0.99% 0.80% 1.01% 1.18% 1.06% 0.97% 0.97% 1.13% 1.01% 1.05% |
| Reconciliation of Non-GAAP Disclosures Second Quarter 2026 Investor Presentation 35 For the Year Ended For the Three Months Ended For the Six Months Ended ($ thousands) 2022 2023 2024 2025 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Jun-25 Jun-26 Return on Average Tangible Common Equity Average total equity, as reported $ 197,876 $ 203,261 $ 220,856 $ 243,033 $ 237,823 $ 245,218 $ 257,974 $ 266,763 $ 270,666 $ 234,328 $ 268,725 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) (1,045) (985) (924) (896) (868) (1,081) (882) Average noncontrolling interest (737) (675) (649) (693) (652) (538) (479) (590) (626) (696) (663) Average tangible common equity $ 170,128 $ 175,857 $ 193,743 $ 216,132 $ 210,935 $ 218,504 $ 231,380 $ 240,086 $ 243,981 $ 207,360 $ 241,989 Net income $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,767 $ 7,113 $ 6,716 $ 6,794 $ 8,626 $ 13,162 $ 15,420 Amortization of intangibles 298 273 260 238 63 63 50 25 25 125 50 Net income attributable to noncontrolling interest (210) (142) (84) (156) (76) (38) (15) (47) (63) (103) (110) Net income attributable to C&F Financial Corporation $ 29,457 $ 23,877 $ 20,094 $ 27,073 $ 7,754 $ 7,138 $ 6,751 $ 6,772 $ 8,588 $ 13,184 $ 15,360 Adjusted net income $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,767 $ 7,113 $ 6,716 $ 6,794 $ 7,883 $ 13,162 $ 14,677 Amortization of intangibles 298 273 260 238 63 63 50 25 25 125 50 Net income attributable to noncontrolling interest (210) (142) (84) (156) (76) (38) (15) (47) (63) (103) (110) Net income attributable to C&F Financial Corporation $ 29,457 $ 23,877 $ 20,094 $ 27,073 $ 7,754 $ 7,138 $ 6,751 $ 6,772 $ 7,845 $ 13,184 $ 14,617 Annualized return on average tangible common equity 17.31% 13.58% 10.37% 12.53% 14.70% 13.07% 11.67% 11.28% 14.08% 12.72% 12.69% Adjusted annualized return on average tangible common equity 17.31% 13.58% 10.37% 12.53% 14.70% 13.07% 11.67% 11.28% 12.86% 12.72% 12.08% |
| Reconciliation of Non-GAAP Disclosures Second Quarter 2026 Investor Presentation 36 As of ($ thousands) Dec-22 Dec-23 Dec-24 Dec-25 Jun-25 Sep-25 Mar-26 Jun-26 Tangible Common Equity (TCE) / Tangible Assets (TA) Total equity, as reported $ 196,233 $ 217,516 $ 226,970 $ 262,348 $ 240,916 $ 253,887 $ 266,112 $ 278,392 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) (1,022) (959) (884) (859) Noncontrolling interest (599) (638) (610) (595) (603) (604) (642) (607) Tangible common equity $ 168,764 $ 190,280 $ 200,022 $ 235,653 $ 214,100 $ 227,133 $ 239,395 $ 251,735 Total assets, as reported $2,332,317 $ 2,438,498 $2,563,374 $2,768,494 $ 2,686,392 $ 2,711,292 $ 2,813,748 $ 2,809,968 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) (1,022) (959) (884) (859) Noncontrolling interest (599) (638) (610) (595) (603) (603) (642) (607) Tangible assets $2,304,848 $ 2,411,262 $2,536,426 $2,741,799 $ 2,659,576 $ 2,684,539 $ 2,787,031 $ 2,783,311 Tangible Common Equity (TCE) / Tangible Assets (TA) 7.32% 7.89% 7.89% 8.59% 8.05% 8.46% 8.59% 9.04% Tangible Book Value Per Share Equity attributable to C&F Financial Corporation $ 195,634 $ 216,878 $ 226,360 $ 261,753 $ 240,313 $ 253,283 $ 265,470 $ 277,785 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) (1,022) (959) (884) (859) Tangible equity attributable to C&F Financial Corporation $ 168,764 $ 190,280 $ 200,022 $ 235,653 $ 214,100 $ 227,133 $ 239,395 $ 251,735 Shares outstanding 3,476,614 3,374,098 3,233,672 3,245,972 3,238,085 3,237,634 3,248,149 3,250,307 Book value per share $ 56.27 $ 64.28 $ 70.00 $ 80.64 $ 74.21 $ 78.23 $ 81.73 $ 85.46 Tangible book value per share $ 48.54 $ 56.40 $ 61.86 $ 72.60 $ 66.12 $ 70.15 $ 73.70 $ 77.45 |
