| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 36.26 | 11.3% |
| Total Income | 36.26 | 11.3% |
| Expenditure | 27.96 | 7.2% |
| PBT | 8.34 | 27.9% |
| Net Profit | 6.75 | 25.7% |
| OPM | — | |
| NPM | 18.61% | 2.13pp |
| EPS | 2.08 | 25.3% |
C&F Financial Corporation Announces Q1 2026 Net Income
23 Apr 2026 · 23 Apr, 9:48 pm
Summary
C&F Financial Corporation announced a consolidated net income of $6.8 million for the first quarter of 2026, an increase from $5.4 million in the first quarter of 2025. Earnings per share also increased to $2.08 from $1.66 year-over-year. The community banking segment experienced loan growth, and the mortgage banking segment saw a significant increase in loan originations. Deposits also increased, and the consolidated annualized net interest margin improved to 4.27 percent.
Key Highlights
- 1
C&F Financial Corporation 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.
- 2
Earnings per share were $2.08 basic and diluted for Q1 2026, compared to $1.66 for Q1 2025.
- 3
Community banking segment loans grew by $24.1 million, or 6.1 percent annualized, compared to December 31, 2025.
- 4
Mortgage banking segment loan originations increased $65.9 million, or 57.9 percent, to $179.6 million for the first quarter of 2026 compared to the first quarter of 2025.
- 5
Deposits increased $53.7 million, or 9.2 percent annualized, compared to December 31, 2025.
- 6
Consolidated annualized net interest margin was 4.27 percent for the first quarter of 2026 compared to 4.16 percent for the first quarter of 2025.
Management Comments
Tom Cherry
C&F started 2026 with strong momentum, delivering earnings per share growth of 25 percent year over year. Higher 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. 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.
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