C&F Financial Corp (OQ:CFFI)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3600 La Grange Pkwy TOANO VA 23168 |
| Tel: | 1-804-8432360 |
| Website: | https://www.cffc.com |
| IR: | See website |
| Key People | ||
| Larry G. Dillon Executive Chairman of the Board | Thomas F. Cherry President, Chief Executive Officer, Director | Jason E. Long Chief Financial Officer, Executive Vice President, Secretary |
| S. Dustin Crone President and Chief Executive Officer - C&F Finance | Bryan Edwin Mckernon President, Chief Executive Officer - C&F Mortgage | John A. Seaman Executive Vice President and Chief Credit Officer - C&F Bank |
| Business Overview |
| C&F Financial Corporation is a bank holding company. The Company owns Citizens and Farmers Bank (C&F Bank), which is an independent commercial bank. The Company's segments include community banking, mortgage banking and consumer finance. Community banking segment provides services through C&F Bank. C&F Bank provides a range of banking services to individuals and businesses. These services include various types of checking and savings deposit accounts, as well as business, real estate, development, home equity and installment loans. C&F Bank operates approximately 31 banking offices and four commercial loan offices. Mortgage banking segment, through C&F Mortgage Corporation, offers a range of residential mortgage loans, which are originated for sale to investors in the secondary mortgage market. Consumer finance segment provides services through C&F Finance Company (C&F Finance). C&F Finance is a regional finance company purchasing automobile, marine and recreational vehicle loans. |
| Financial Overview |
| For the three months ended 31 March 2024, C&F Financial Corp interest income increased 12% to $32.7M. Net interest income after loan loss provision decreased 14% to $19.7M. Net income decreased 47% to $3.4M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. Net income also reflects Gains on sales of loans decrease of 28% to $1.3M (income). |
| Employees: | 594 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $127.54M as of Mar 31, 2024 |
| EBITDA (TTM): | $28.83M as of Mar 31, 2024 |
| Net annual income (TTM): | $20.56M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 3,373,503 as of Feb 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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