Quarterly ResultJul 23, 2026, 11:43 AM
C&F Financial Q2 Net Income $8.6M, up 11.1%; EPS $2.63
AI Summary
C&F Financial Corporation reported consolidated net income of $8.6 million for the second quarter of 2026, an 11.1% increase from the prior year, with diluted earnings per share of $2.63. For the first six months of 2026, net income rose 17.2% to $15.4 million. The results include a pre-tax gain of $8.3 million from the sale of an equity interest in Bearing Insurance Group and a pre-tax loss of $7.1 million from a securities portfolio restructuring. The company also highlighted strong loan growth in community banking, increased mortgage originations, and margin expansion.
Key Highlights
- Consolidated net income for Q2 2026 was $8.6 million, up 11.1% YoY.
- Diluted EPS for Q2 2026 was $2.63, up from $2.37 in Q2 2025.
- Community banking loans grew $65.9 million (8.3% annualized) in Q2 2026.
- Mortgage banking loan originations increased 9.5% to $233.7 million in Q2 2026.
- Annualized net interest margin was 4.41% for Q2 2026, up from 4.27% in Q2 2025.
- Completed sale of Bearing equity interest for $8.3 million pre-tax gain.
- Executed securities portfolio restructuring with $7.1 million pre-tax loss.
- Declared a quarterly cash dividend of $0.48 per share.
Price Impact
More from CFFI