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C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. It operates through three segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment offers various banking services, such as checking and savings deposit accounts; and business, real estate, development, mortgage, home equity, and installment loans. This segment also provides ATMs, Internet and mobile banking, peer-to-peer payment capabilities, debit cards, safe deposit box rentals, notary public, electronic transfer, and other customary bank services, as well as wealth management services; and engages in owning equity interests in an independent insurance agency, and a full-service title and settlement agency. The Mortgage Banking segment offers various residential mortgage loans, which are originated for sale to investors in the secondary mortgage market; originates conventional mortgage loans, mortgage loans insured by the Federal Housing Administration, and mortgage loans guaranteed by the United States Department of Agriculture and the Veterans Administration. This segment also provides mortgage loan origination functions as a service to third party mortgage lenders and other community banks; and ancillary mortgage loan production services to third parties for residential appraisals. The Consumer Finance segment offers automobile financing through lending programs to serve customers in both the prime and non-prime markets. C&F Financial Corporation was founded in 1927 and is based in Toano, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $137M | - | $27M | $22M | 10.2% | 10.7% | 35.3% |
| 2024 | $124M | - | $20M | $33M | 8.7% | 0.3% | -16.0% |
| 2023 | $123M | - | $24M | $37M | 10.9% | 6.7% | -19.1% |
| 2022 | $116M | - | $29M | $87M | 14.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 115.56 | 123.33 | 123.69 | 136.96 |
| Pretax Income | 36.96 | 29.16 | 24.13 | 33.07 |
| Tax Provision | 7.59 | 5.42 | 4.21 | 6.08 |
| Net Income | 29.16 | 23.60 | 19.83 | 26.84 |
| Net Income Common Stockholders | 29.16 | 23.60 | 19.83 | 26.84 |
| Interest Expense | 7.89 | 26.43 | 42.82 | 45.29 |
| Interest Income | 101.35 | 124.14 | 139.59 | 151.50 |
| Selling General And Administration | 50.72 | 58.08 | 56.62 | 60.86 |
| Normalized Income | 29.16 | 23.60 | 19.83 | 26.84 |
| Basic EPS | 8.29 | 6.92 | 6.01 | 0 |
| Diluted EPS | 8.29 | 6.92 | 6.01 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0.19 | 0.17 | 0.18 |
| Total Unusual Items | 0 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 29.16 | 23.60 | 19.83 | 26.84 |
| Reconciled Depreciation | 4.36 | 3.88 | 3.86 | 3.92 |
| Net Interest Income | 93.46 | 97.71 | 96.78 | 106.21 |
| Net Income From Continuing And Discontinued Operation | 29.16 | 23.60 | 19.83 | 26.84 |
| Diluted Average Shares | 3.52 | 3.41 | 3.30 | 0 |
| Basic Average Shares | 3.52 | 3.41 | 3.30 | 0 |
| Diluted NI Availto Com Stockholders | 29.16 | 23.60 | 19.83 | 26.84 |
| Minority Interests | -0.21 | -0.14 | -0.08 | -0.16 |
| Net Income Including Noncontrolling Interests | 29.37 | 23.75 | 19.92 | 26.99 |
| Net Income Continuous Operations | 29.37 | 23.75 | 19.92 | 26.99 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | 0 | -0.01 | 0 | 2.58 |
| Selling And Marketing Expense | 1.80 | 1.55 | 1.21 | 2.36 |
| General And Administrative Expense | 48.92 | 56.53 | 55.41 | 58.50 |
| Other Gand A | 2.76 | 2.60 | 0 | 0 |
| Insurance And Claims | 1.05 | 1.66 | 1.83 | 1.72 |
| Salaries And Wages | 47.87 | 54.88 | 53.58 | 56.78 |
| Operating Revenue | 115.56 | 123.33 | 123.69 | 136.96 |
| Occupancy And Equipment | 8.56 | 7.99 | 8.40 | 8.80 |
| Professional Expense And Contract Services Expense | 2.77 | 2.75 | 3.61 | 3.70 |
| Other Non Interest Expense | 16.51 | 17.74 | 18.64 | 19.72 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| C&F Financial Corporationthis co. | CFFI | $249M | 8.81↓ discount | 0.94 | 10.2% | - |
| Fidelity D & D Bancorp, Inc. | FDBC | $258M | 8.70 | 1.05 | 11.8% | - |
| Oportun Financial Corporation | OPRT | $258M | 10.92 | 0.66 | 6.5% | - |
| First National Corporation | FXNC | $253M | 14.26 | 1.35 | 9.5% | - |
| Ames National Corporation | ATLO |
| $248M |
| 11.57 |
| 1.19 |
| 9.2% |
| - |
| Kingstone Companies, Inc. | KINS | $245M | 5.89 | 1.99 | 33.2% | 4.55 |
| Chain Bridge Bancorp, Inc. | CBNA | $243M | 11.18 | 1.43 | 12.0% | - |
| Princeton Bancorp, Inc. | BPRN | $242M | 12.49 | 0.88 | 6.9% | - |
| First United Corporation | FUNC | $239M | 9.50 | 1.17 | 12.0% | - |
| Peer Median | - | 11.05 | 1.18 | 10.7% | 4.55 | |