C&F Financial Corporation Announces Net Income for Third Quarter and First Nine Months of 2026
Key Highlights
- ➤Q3 net income $8.3 million, up 16.1% year over year
- ➤Nine-month net income $23.7 million, up 16.8% year over year
- ➤Net interest margin 4.53%, versus 4.24% in Q3 2025
- ➤Community banking loans grew $102.8 million, or 8.6% annualized
- ➤Bearing equity sale gained $8.3 million; portfolio restructuring lost $7.1 million
Expert Statements
Tom Cherry, President and Chief Executive Officer of C&F Financial Corporation
“Our third quarter performance reflects the strength of our diversified business model and disciplined execution of our strategic priorities,”
Tom Cherry, President and Chief Executive Officer of C&F Financial Corporation
“Growth in community banking loans and a stronger net interest margin drove solid results.”
Tom Cherry, President and Chief Executive Officer of C&F Financial Corporation
“We also expanded into the Lynchburg, Virginia market with the opening of a loan production office.”
Tom Cherry, President and Chief Executive Officer of C&F Financial Corporation
“Credit quality remains good and consumer activity remains resilient despite inflation, elevated interest rates, and geopolitical uncertainty.”
Tom Cherry, President and Chief Executive Officer of C&F Financial Corporation
“We believe our strong financial position leaves us well positioned for the future.”
TOANO, Va., Oct. 26, 2026 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the holding company for C&F Bank, today reported consolidated net income of $8.3 million for the third quarter of 2026, an increase of 16.1 percent, compared to $7.1 million for the third quarter of 2025. The Corporation reported consolidated net income of $23.7 million for the first nine months of 2026, an increase of 16.8 percent, compared to $20.3 million for the first nine months of 2025.
Included in net income for the first nine months of 2026 were the effects of the sale of an equity interest in Bearing Insurance Group, LLC (the “Bearing equity interest”), resulting in a pre-tax gain of $8.3 million, and a securities portfolio restructuring (the “Portfolio Restructuring”), which resulted in a pre-tax loss of $7.1 million. Adjusted net income, a non-GAAP measure, increased $2.7 million, or 13.1 percent, for the first nine months of 2026, compared to the same period of 2025, which excludes the effects of the items mentioned above. The following table presents selected financial performance highlights for the periods indicated:
Get started
Create a free account to read the full story.