C&F Financial Corporation reports increased net income and earnings per share for Q1 2025.

From GlobeNewswire: 2025-04-24 14:00:00

C&F Financial Corporation reported a consolidated net income of $5.4 million for Q1 2025, up from $3.4 million in Q1 2024. Earnings per share increased to $1.66 from $1.01. Annualized return on average equity was 9.35%, and annualized return on average tangible common equity was 10.65%. Margins grew slightly.

The community banking segment saw a net income increase to $5.4 million in Q1 2025 from $4.0 million in Q1 2024. Loan growth, higher interest income, and lower provisions for credit losses drove the increase. However, higher interest expense and marketing/advertising costs partially offset the gains.

Mortgage banking segment reported net income of $431,000 in Q1 2025, up from $294,000 in Q1 2024. Higher gains on sales of loans and mortgage banking fee income contributed to the increase. Despite elevated mortgage interest rates, loan originations increased compared to the same period in 2024.

Consumer finance segment reported net income of $226,000 in Q1 2025, a significant improvement from a net loss of $63,000 in Q1 2024. Lower interest expense, reduced overhead costs, and higher interest income were key factors. However, lower average loan balances impacted performance.

C&F Financial Corporation increased its quarterly cash dividend by 5% to 46 cents per share in Q1 2025. Net income attributable to the corporation was $5.4 million, with earnings per share of $1.66. Market value per share was $67.39, book value per share was $72.51, and tangible book value per share was $64.39.



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