C&F Financial Corporation (CFFI) reported a consolidated net income of $6.8 million for Q1 2026, a 26% increase from $5.4 million year-over-year. Earnings per share rose to $2.08, marking a 25% improvement from $1.66. The company’s total assets climbed to $2.81 billion, and total deposits increased to $2.40 billion, with net interest income reaching $27.7 million, up from $25 million the previous year.
Key performance metrics included a return on average assets of 0.97% and a return on average equity of 10.19%. The community banking segment generated $7.1 million in net income, boosted by loan growth of 9.2%, while mortgage banking saw net income rise to $910,000 with loan originations up 57.9% to $179.6 million. However, the consumer finance segment reported a net loss of $81,000 due to higher credit loss provisions.
Management noted ongoing strategic expansions and a 4% increase in the quarterly dividend to 48 cents per share. Despite overall strong performance, credit quality in the consumer finance segment showed strains, with net charge-offs rising to an annualized rate of 2.98%.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
