{"id":954309,"date":"2026-04-23T12:12:05","date_gmt":"2026-04-23T16:12:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cf-financial-corporation-announces-net-income-for-first-quarter\/"},"modified":"2026-04-23T12:12:05","modified_gmt":"2026-04-23T16:12:05","slug":"cf-financial-corporation-announces-net-income-for-first-quarter","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cf-financial-corporation-announces-net-income-for-first-quarter\/","title":{"rendered":"C&F Financial Corporation Announces Net Income for First Quarter"},"content":{"rendered":"
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TOANO, Va., April 23, 2026 (GLOBE NEWSWIRE) — C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the holding company for C&F Bank, today reported consolidated net income of $6.8 million for the first quarter of 2026 compared to $5.4 million for the first quarter of 2025. The following table presents selected financial performance highlights for the periods indicated:<\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n For The Quarter Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Consolidated Financial Highlights (unaudited)<\/strong>\n <\/td>\n\u00a0\u00a0\u00a0\u00a0<\/td>\n\n 3\/31\/2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0\u00a0<\/td>\n\n 12\/31\/2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3\/31\/2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Consolidated net income (000’s)<\/td>\n\u00a0<\/td>\n$<\/td>\n6,794<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,716<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n5,395<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings per share – basic and diluted<\/td>\n\u00a0<\/td>\n$<\/td>\n2.08<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.66<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Annualized return on average assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.97<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.97<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.84<\/td>\n%<\/td>\n<\/tr>\n
Annualized return on average equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.19<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.41<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.35<\/td>\n%<\/td>\n<\/tr>\n
Annualized return on average tangible common equity1<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.28<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.67<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.65<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

________________________<\/p>\n\n\n\n
\n 1<\/sup>\n <\/td>\nFor more information about these non-GAAP financial measures, which are not calculated in accordance with generally accepted accounting principles (GAAP), please see \u201cUse of Certain Non-GAAP Financial Measures\u201d and \u201cReconciliation of Certain Non-GAAP Financial Measures,\u201d below.<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\u00a0\u201cC&F started 2026 with strong momentum, delivering earnings per share growth of 25 percent year over year,\u201d said Tom Cherry, President and Chief Executive Officer of C&F Financial Corporation. \u201cHigher net income at our community banking and mortgage banking segments more than offset lower earnings at our consumer finance segment, compared to March 31, 2025. Solid loan and deposit growth at our community banking segment, approximately a 58 percent jump in mortgage originations at our mortgage banking segment, and higher net interest margin all helped drive these results.<\/p>\n

The U.S. economy stayed resilient in the first quarter, but risks are building, specifically with the conflict in the Middle East and potential associated impacts on interest rates, energy prices, and other economic effects. As conditions change, we are prepared to adapt quickly.\u201d<\/p>\n

Key highlights for the first quarter of 2026 are as follows.<\/p>\n