C & F FINANCIAL CORP SEC 10-Q Report

C & F Financial Corp, a diversified financial services company operating primarily within the Commonwealth of Virginia, has released its Form 10-Q report for the third quarter. The report highlights significant financial growth and robust business performance across its key segments, including mortgage, finance, and wealth management services.

Financial Highlights

• Total Interest Income: $73.395 million, reflecting an increase from $67.020 million in the prior year, driven by higher interest and fees on loans.
• Net Interest Income: $51.518 million, up from $46.986 million, indicating improved interest margins.
• Net Income: $13.162 million, compared to $8.469 million, showcasing strong profitability growth.
• Net Income Attributable to C&F Financial Corporation: $13.059 million, up from $8.408 million, highlighting the company's effective cost management and revenue growth.
• Net Income Per Share - Basic and Diluted: $4.03, an increase from $2.50, reflecting enhanced earnings per share due to higher net income.

Business Highlights

• Revenue Segments: The Corporation's revenue is primarily derived from its three main business segments: C&F Mortgage Corporation, C&F Finance Company, and C&F Wealth Management Corporation. Each segment contributes to the overall financial performance through distinct product lines and services.
• Geographical Performance: The Corporation operates primarily within the Commonwealth of Virginia, with its subsidiaries providing services across various regions. The performance in these regions is influenced by local economic conditions and market demand.
• Sales Units: C&F Mortgage Corporation reported an increase in the origination and sale of residential mortgages, reflecting a strong demand in the housing market. C&F Finance Company continued to purchase automobile, marine, and RV loans, maintaining its position in the indirect lending market.
• New Product Launches: C&F Mortgage Corporation expanded its services by providing mortgage loan origination services to third-party lenders, enhancing its product offerings and market reach.
• Future Outlook: The Corporation anticipates continued growth in its core business segments, driven by strategic initiatives to enhance service offerings and expand market presence. Management remains focused on adapting to changing market conditions and leveraging opportunities for growth.

SEC Filing: C & F FINANCIAL CORP [ CFFI ] - 10-Q - Aug. 11, 2025