**C&F Financial Corp Reports Increased Net Income for 2025**
C&F Financial Corporation (CFFC) has released its 10-K filing, reporting a consolidated net income of $27.0 million for the year ended December 31, 2025, a significant increase from the $19.9 million reported for the previous year. This translates to basic and diluted earnings per share of $8.29, compared to $6.01 in 2024. The company attributes this improvement primarily to stronger performances in its community banking and mortgage banking segments, partially offset by a slight decline in the consumer finance segment's net income.
The community banking segment saw its net income rise to $27.2 million, driven by loan growth of $136.7 million, or 9.4 percent, and a net reversal of provision for credit losses of $50,000. The mortgage banking segment also experienced growth, with net income reaching $2.3 million, fueled by a $152.5 million, or 28.9 percent, increase in loan originations. However, the consumer finance segment's net income decreased slightly to $1.2 million, despite maintaining a consistent provision for credit losses of $11.6 million. The consumer finance segment's loan portfolio decreased $2.5 million, or less than one percent, due to the runoff of the marine and recreational vehicle portfolio.
Key operational developments include the company's expansion into Southwest Virginia with a new loan production office in Roanoke, and the issuance of $40.0 million in new subordinated notes, concurrently repurchasing $20.0 million of previously issued notes. The company's net interest margin also improved to 4.21 percent, compared to 4.12 percent in the previous year. Employee headcount stood at 575 at the end of 2025, with 23 percent having been employed by the Corporation or its subsidiaries for at least 15 years.
Looking ahead, C&F Financial Corporation outlines its strategic priorities for 2026, focusing on organic growth, enhanced marketing, cross-company collaboration, community engagement, and technological advancements, including the adoption of artificial intelligence. The company acknowledges the challenging economic environment but expresses confidence in its diversified business model and strong capital position. The Board of Directors has authorized a new share repurchase program for 2026, allowing for the repurchase of up to $5.0 million of the company's common stock.
About C & F FINANCIAL CORP
C&F Financial Corporation is a Virginia-based bank holding company owning Citizens and Farmers Bank and subsidiaries specializing in community banking, mortgage banking, and consumer finance. It offers deposit accounts, commercial and real estate loans, mortgage origination services, and indirect automobile, marine, and RV financing primarily in the Mid-Atlantic and surrounding U.S. regions. The company emphasizes customer service, risk management, and regulatory compliance across its diversified financial services.
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