NASDAQ : CFFI
C&F Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 109.7 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 356.65M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 141.94M | 135.62M | 127.09M | 110.94M | 90.83M | 88.12M |
| Interest Income on Investments | 18.45M | 15.88M | 12.51M | 13.20M | 10.52M | 5.61M |
| Total Interest Income | 160.39M | 151.50M | 139.59M | 124.14M | 101.35M | 93.73M |
| Interest Paid on Deposits | 39.68M | 39.46M | 38.06M | 20.39M | 5.22M | 5.44M |
| Interest Paid on Borrowings | 6.23M | 5.83M | 4.76M | 6.04M | 2.67M | 2.92M |
| Total Interest Expense | 45.90M | 45.29M | 42.82M | 26.43M | 7.89M | 8.36M |
| Net Interest Income | 114.49M | 106.21M | 96.78M | 97.71M | 93.46M | 85.37M |
| Trust Income | 3.39M | 3.10M | 2.99M | 2.56M | 2.44M | 2.76M |
| Mortgage Banking Activities | 3.32M | 2.92M | 2.29M | 2.11M | 2.93M | 6.48M |
| Gain (Loss) on Sale of Investments | -7.13M | -5.00K | 42.00K | |||
| Other Non-Interest Income | 24.76M | 16.51M | 14.91M | 14.84M | 12.26M | 14.66M |
| Total Non-Interest Income | 36.73M | 34.63M | 30.54M | 29.61M | 29.44M | 49.94M |
| Revenues Before Loan Losses | 151.22M | 140.84M | 127.31M | 127.32M | 122.90M | 135.31M |
| Provision for Loan Losses | 12.55M | 11.55M | 13.25M | 8.28M | 3.17M | 575.00K |
| Revenue | 138.67M | 129.29M | 114.06M | 119.05M | 119.73M | 134.73M |
| Salaries and Employee Benefits | 57.80M | 54.93M | 51.66M | 52.88M | 45.89M | 56.88M |
| Selling, General & Administrative | 30.16M | 28.67M | 26.46M | 25.16M | 25.62M | 26.23M |
| Other Non-Interest Expense | 13.23M | 12.62M | 11.82M | 11.84M | 11.02M | 13.43M |
| Total Non-Interest Expense | 101.18M | 96.22M | 89.93M | 89.88M | 82.54M | 96.54M |
| EBT Excluding Unusual Items | 37.48M | 33.07M | 24.13M | 29.16M | 37.19M | 38.19M |
| Pretax Income | 37.48M | 33.07M | 24.13M | 29.16M | 36.96M | 38.08M |
| Income Tax Expense | 7.09M | 6.08M | 4.21M | 5.42M | 7.59M | 8.96M |
| Earnings From Continuing Operations | 30.39M | 26.99M | 19.92M | 23.75M | 29.37M | 29.12M |
| Minority Interest in Earnings | -107.00K | -156.00K | -84.00K | -142.00K | -210.00K | -456.00K |
| Net Income | 30.29M | 26.84M | 19.83M | 23.60M | 29.16M | 28.67M |
| Net Income to Common | 30.29M | 26.84M | 19.83M | 23.60M | 29.16M | 28.67M |
| Basic Shares Outstanding | 3.25M | 3.24M | 3.30M | 3.41M | 3.52M | 3.60M |
| Diluted Shares Outstanding | 3.25M | 3.24M | 3.30M | 3.41M | 3.52M | 3.60M |
| EPS (Basic) | 9.33 | 8.29 | 6.01 | 6.92 | 8.29 | 7.95 |
| EPS (Diluted) | 9.33 | 8.29 | 6.01 | 6.92 | 8.29 | 7.95 |
| Dividend Per Share | 1.90 | 1.84 | 1.76 | 1.76 | 1.64 | 1.58 |
| Effective Tax Rate | 18.92% | 18.39% | 17.47% | 18.58% | 20.55% | 23.53% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 45.98M | 79.13M | 65.59M | 75.16M | 26.66M | 267.75M |
| Investment Securities | 454.06M | 258.37M | 242.02M | 306.43M | 338.48M | 184.19M |
| Trading Asset Securities | 3.67M | 6.39M | 7.86M | 8.66M | 4.99M | |
| Mortgage-Backed Securities | 205.83M | 182.44M | 161.70M | 179.92M | 190.35M | |
| Total Investments | 454.06M | 467.88M | 430.85M | 475.98M | 527.06M | 379.53M |
| Gross Loans | 2.14B | 2.05B | 1.92B | 1.74B | 1.64B | 1.41B |
| Allowance for Loan Losses | -39.64M | -39.68M | -40.09M | -39.65M | -40.52M | -40.16M |
| Other Adjustments to Gross Loans | -679.00K | |||||
| Net Loans | 2.10B | 2.01B | 1.88B | 1.70B | 1.60B | 1.37B |
| Property, Plant & Equipment | 42.44M | 48.48M | 49.67M | 50.00M | 52.30M | 53.90M |
| Goodwill | 25.19M | 25.19M | 25.19M | 25.19M | 25.19M | 25.19M |
| Other Intangible Assets | 834.00K | 909.00K | 1.15M | 1.41M | 1.68M | 1.98M |
| Loans Held for Sale | 26.76M | 40.91M | 20.11M | 14.18M | 14.26M | 82.30M |
| Accrued Interest Receivable | 12.31M | 11.73M | 10.59M | 10.40M | 8.98M | 6.81M |
| Restricted Cash | 3.88M | |||||
| Long-Term Deferred Tax Assets | 17.36M | 14.04M | 17.72M | 18.73M | 22.01M | 13.61M |
| Other Real Estate Owned & Foreclosed | 2.25M | 2.10M | 646.00K | 352.00K | 1.02M | |
| Other Long-Term Assets | 76.32M | 59.40M | 56.51M | 61.39M | 57.50M | 57.63M |
| Total Assets | 2.81B | 2.77B | 2.56B | 2.44B | 2.33B | 2.26B |
| Interest Bearing Deposits | 1.80B | 1.47B | 1.38B | 1.29B | 1.29B | 1.22B |
| Institutional Deposits | 336.50M | 264.40M | 226.42M | 105.68M | 114.53M | |
| Non-Interest Bearing Deposits | 552.74M | 543.67M | 526.07M | 549.37M | 605.21M | 581.69M |
| Total Deposits | 2.36B | 2.35B | 2.17B | 2.07B | 2.00B | 1.91B |
| Short-Term Borrowings | 2.71M | 33.63M | 64.33M | 42.92M | 38.87M | |
| Current Portion of Long-Term Debt | 20.00M | |||||
| Current Portion of Leases | 1.17M | |||||
| Accrued Interest Payable | 4.53M | 3.75M | 4.40M | 3.49M | 950.00K | 715.00K |
| Long-Term Debt | 73.09M | 40.00M | 19.99M | 19.97M | 23.96M | 24.03M |
| Federal Home Loan Bank Debt, Long-Term | 65.00M | 20.00M | 40.00M | |||
| Long-Term Leases | 9.15M | 10.43M | 8.80M | 9.11M | 9.67M | |
| Trust Preferred Securities | 25.49M | 25.46M | 25.42M | 25.39M | 25.35M | |
| Other Long-Term Liabilities | 43.16M | 38.16M | 31.64M | 32.83M | 29.90M | 40.25M |
| Total Liabilities | 2.54B | 2.51B | 2.34B | 2.22B | 2.14B | 2.05B |
| Common Stock | 3.15M | 3.15M | 3.11M | 3.24M | 3.33M | 3.40M |
| Additional Paid-In Capital | 1.80M | 1.08M | 36.00K | 6.57M | 12.05M | 15.19M |
| Retained Earnings | 287.60M | 268.70M | 247.81M | 233.76M | 217.21M | 193.81M |
| Comprehensive Income & Other | -23.80M | -11.17M | -24.60M | -26.69M | -36.96M | -2.09M |
| Total Common Equity | 268.75M | 261.75M | 226.36M | 216.88M | 195.63M | 210.32M |
| Minority Interest | 565.00K | 595.00K | 610.00K | 638.00K | 599.00K | 706.00K |
| Shareholders' Equity | 269.32M | 262.35M | 226.97M | 217.52M | 196.23M | 211.02M |
| Total Liabilities & Equity | 2.81B | 2.77B | 2.56B | 2.44B | 2.33B | 2.26B |
| Total Debt | 138.09M | 118.52M | 129.50M | 118.53M | 101.38M | 97.92M |
| Net Cash (Debt) | -92.12M | -35.72M | -57.53M | -35.51M | -66.06M | 174.81M |
| Net Cash Per Share | -28.37 | -11.03 | -17.44 | -10.41 | -18.78 | 48.50 |
| Filing Date Shares Outstanding | 3.25M | 3.26M | 3.24M | 3.37M | 3.47M | 3.55M |
| Total Common Shares Outstanding | 3.25M | 3.25M | 3.23M | 3.37M | 3.48M | 3.55M |
| Book Value Per Share | 82.66 | 80.64 | 70.00 | 64.28 | 56.27 | 59.32 |
| Tangible Book Value | 242.73M | 235.65M | 200.02M | 190.28M | 168.76M | 183.15M |
| Tangible Book Value Per Share | 74.66 | 72.60 | 61.86 | 56.39 | 48.54 | 51.66 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 26.84M | 19.83M | 23.60M | 29.16M | 28.67M | |
| Depreciation & Amortization | 3.92M | 3.86M | 3.88M | 4.36M | 4.74M | |
| Gain (Loss) on Sale of Assets | -303.00K | -126.00K | -44.00K | -3.17M | -591.00K | |
| Gain (Loss) on Sale of Investments | -387.00K | 1.27M | 1.49M | 2.29M | 3.55M | |
| Provision for Credit Losses | 11.55M | 13.25M | 8.28M | 3.17M | 575.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -10.98M | -2.70M | 6.58M | 73.10M | 145.79M | |
| Accrued Interest Receivable | -1.13M | -194.00K | -1.42M | -2.17M | 1.29M | |
| Change in Other Net Operating Assets | 2.85M | 6.29M | -2.33M | -7.46M | -4.80M | |
| Other Operating Activities | -1.07M | -1.48M | 7.00K | -3.42M | -860.00K | |
| Operating Cash Flow | 24.49M | 36.77M | 38.81M | 90.56M | 157.39M | |
| Capital Expenditures | -2.33M | -3.49M | -1.46M | -3.39M | -4.79M | |
| Investment in Securities | -21.55M | 45.18M | 61.53M | -187.39M | -89.28M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -145.43M | -188.69M | -114.58M | -225.75M | -51.96M | |
| Other Investing Activities | -51.00K | 71.00K | -1.83M | 5.26M | 7.33M | |
| Investing Cash Flow | -169.35M | -146.92M | -56.34M | -411.28M | -138.69M | |
| Short-Term Debt Issued | 1.86M | 14.28M | ||||
| Long-Term Debt Issued | 40.00M | 40.00M | ||||
| Total Debt Issued | 40.00M | 40.00M | 1.86M | 14.28M | ||
| Long-Term Debt Repaid | -20.00M | -4.00M | ||||
| Total Debt Repaid | -20.00M | -4.00M | ||||
| Net Debt Issued (Repaid) | 20.00M | 40.00M | -4.00M | 1.86M | 14.28M | |
| Repurchase of Common Stock | -943.00K | -8.76M | -7.76M | -5.37M | -8.23M | |
| Common Dividends Paid | -5.95M | -5.78M | -5.99M | -5.76M | -5.67M | |
| Net Increase (Decrease) in Deposit Accounts | 174.86M | 104.73M | 62.27M | 89.25M | 162.72M | |
| Other Financing Activities | -29.56M | -29.61M | 21.50M | -338.00K | -711.00K | |
| Financing Cash Flow | 158.41M | 100.58M | 66.03M | 79.64M | 162.38M | |
| Net Cash Flow | 13.55M | -9.57M | 48.50M | -241.08M | 181.08M | |
| Free Cash Flow | 22.16M | 33.28M | 37.35M | 87.17M | 152.60M | |
| Free Cash Flow Margin | 17.14% | 29.18% | 31.38% | 72.80% | 113.26% | |
| Free Cash Flow Per Share | 6.84 | 10.09 | 10.95 | 24.78 | 42.34 | |
| Cash Interest Paid | 45.91M | 41.87M | 23.86M | 7.70M | 9.08M | |
| Cash Income Tax Paid | 5.61M | 6.03M | 8.02M | 10.54M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 356.65M | 235.06M | 230.43M | 229.70M | 202.67M | 181.15M |
| Last Close Price | 109.70 | 71.29 | 68.15 | 63.20 | 52.36 | 44.58 |
| PE Ratio | 11.76 | 8.76 | 11.62 | 9.73 | 6.95 | 6.32 |
| PS Ratio | 2.57 | 1.82 | 2.02 | 1.93 | 1.69 | 1.34 |
| PB Ratio | 1.33 | 0.90 | 1.01 | 1.06 | 1.03 | 0.86 |
| P/FCF Ratio | 9.25 | 10.61 | 6.92 | 6.15 | 2.33 | 1.19 |
| P/OCF Ratio | 8.34 | 9.60 | 6.27 | 5.92 | 2.24 | 1.15 |
| Debt / Equity Ratio | 0.51 | 0.45 | 0.57 | 0.55 | 0.52 | 0.46 |
| Debt / FCF Ratio | 5.35 | 3.89 | 3.17 | 1.16 | 0.64 | |
| Net Debt / Equity Ratio | 0.34 | 0.14 | 0.25 | 0.16 | 0.34 | -0.83 |
| Net Debt / FCF Ratio | 1.61 | 1.73 | 0.95 | 0.76 | -1.15 | |
| Return on Equity (ROE) | 11.62% | 11.03% | 8.96% | 11.48% | 14.42% | 14.36% |
| Return on Assets (ROA) | 1.10% | 1.01% | 0.80% | 1.00% | 1.28% | 1.34% |
| Earnings Yield | 8.50% | 11.42% | 8.61% | 10.28% | 14.39% | 15.82% |
| FCF Yield | 10.81% | 9.43% | 14.44% | 16.26% | 43.01% | 84.24% |
| Dividend Yield | 1.75% | 2.54% | 2.47% | 2.58% | 2.81% | 3.09% |
| Payout Ratio | 20.59% | 22.18% | 29.14% | 25.36% | 19.74% | 19.80% |
| Buyback Yield / Dilution | -0.40% | 1.88% | 3.29% | 2.99% | 2.41% | 1.22% |
| Total Shareholder Return | 1.35% | 4.42% | 5.76% | 5.57% | 5.23% | 4.32% |