C&F Financial Corporation Reports Increased Net Income and Revenue Growth in Q2 2025

C&F Financial Corporation reported a significant increase in its financial performance for the second quarter and first half of 2025, with consolidated net income rising to $7.77 million, up from $5.03 million in the same period last year. This translates to earnings per share of $2.37, compared to $1.50 in the prior year. For the first six months, net income reached $13.16 million, compared to $8.47 million in 2024. The growth was primarily driven by higher net interest income and improved performance in the community banking and mortgage banking segments.

Total revenue for the second quarter was $36.36 million, a 16.5% increase from $31.15 million in the previous year. The community banking segment saw a notable increase in loans, growing by $76.7 million or 10.6% annualized since December 31, 2024. In contrast, the consumer finance segment experienced a slight decline in loans, decreasing by $5.4 million or 2.3% annualized. Deposits also increased by $85.5 million, or 7.9% annualized, reflecting strong customer engagement and account openings.

C&F Financial's total assets increased to $2.69 billion as of June 30, 2025, up from $2.56 billion at the end of 2024. The growth in assets was attributed to increases in loans held for investment, loans held for sale, and interest-bearing deposits in other banks. The company’s total equity rose to $240.9 million, compared to $227.0 million at the end of the previous year, bolstered by net income and a reduction in unrealized losses on securities available for sale.

The company also made strategic moves during the quarter, including the issuance of $40 million in subordinated notes, which will initially bear a fixed interest rate of 7.50% for five years. This issuance was part of a broader strategy to enhance capital and support future growth initiatives. Additionally, the corporation did not repurchase any shares under its $5 million share repurchase program during the quarter, leaving $5 million available for future repurchases.

Looking ahead, C&F Financial remains optimistic about its growth trajectory, focusing on maximizing earnings and deploying capital in profitable initiatives. The company is closely monitoring market conditions and interest rate fluctuations, which could impact its net interest margin and overall financial performance. The management's outlook suggests a commitment to maintaining a strong capital position while exploring opportunities for growth in its community banking, mortgage banking, and consumer finance segments.