| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 40.87 | 12.7% | 12.4% |
| Total Income | 40.87 | 12.7% | 12.4% |
| Expenditure | 30.06 | 7.5% | 12.1% |
| PBT | 10.87 | 30.3% | 12.9% |
| Net Profit | 8.56 | 26.8% | 11.3% |
| OPM | โ | ||
| NPM | 20.95% | 2.35pp | 0.20pp |
| EPS | 2.63 | 26.4% | 11.0% |
C&F Financial Corporation Announces Net Income for Second Quarter and First Six Months of 2026
23 Jul 2026 ยท 23 Jul, 9:12 pm
Summary
C&F Financial Corporation announced its financial results for the second quarter and first six months of 2026, reporting significant increases in net income for both periods. Consolidated net income rose 11.1% to $8.6 million for the quarter and 17.2% to $15.4 million for the first six months, year-over-year. The company also highlighted growth in its community banking segment loans and a 9.5% increase in mortgage banking originations. Management expressed satisfaction with the results, attributing them to strong loan growth, increased mortgage originations, and margin expansion.
Key Highlights
- 1
C&F Financial Corporation reported consolidated net income of $8.6 million for the second quarter of 2026, an increase of 11.1 percent compared to $7.8 million in the second quarter of 2025.
- 2
For the first six months of 2026, consolidated net income was $15.4 million, an increase of 17.2 percent compared to $13.2 million for the same period in 2025.
- 3
Adjusted net income for the second quarter of 2026 increased 1.5 percent to $7.9 million, and for the first six months of 2026, it increased 11.5 percent to $14.7 million.
- 4
Community banking segment loans grew $125.9 million, or 8.2 percent, compared to June 30, 2025.
- 5
Mortgage banking segment loan originations increased $20.2 million, or 9.5 percent, to $233.7 million for the second quarter of 2026 compared to the second quarter of 2025.
- 6
Consolidated annualized net interest margin was 4.41 percent for the second quarter of 2026, up from 4.27 percent in the second quarter of 2025.
Management Comments
Tom Cherry
We are pleased with our second quarter results. Strong loan growth in our community banking segment, increased mortgage originations in our mortgage banking segment, and margin expansion contributed to solid adjusted earnings for the quarter and first half of the year. In addition, our strategic initiatives to expand our geographic footprint into Southwest Virginia and restructure our securities portfolio are already generating positive results, and we expect these initiatives to continue supporting our performance over time.
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