C&F Financial Corporation (CFFI) 10-Year Financial Performance & Capital Metrics

CFFI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutC&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. The company's Retail Banking offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans. It also provides ATMs, Internet and mobile banking, and debit and credit cards, as well as safe deposit box rentals, notary public, electronic transfer, and other customary bank services. This segment offers its services through its main office in West Point, Virginia, as well as through 30 Virginia branches located 1 each in Albermarle, Goochland, Hanover, Middlesex, Powhatan, Stafford, York, Charlottesville, Hampton, Montross, Newport News, Richmond, Warsaw, and Williamsburg; 2 each in the counties of Cumberland, James City, King George, and New Kent; and four each in the counties of Chesterfield and Henrico. The company's Mortgage Banking segment provides various residential mortgage loans; 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; and ancillary mortgage loan origination services for residential appraisals, as well as various mortgage origination functions to third parties. It provides mortgage loan origination services through 11 offices in Virginia, 1 office in Maryland, and 2 offices in North Carolina, as well as through 1 each in South Carolina and West Virginia. The company's Consumer Finance segment provides automobile loans through its offices in Richmond and Hampton, Virginia. It also offers brokerage and wealth management services; and insurance products. In addition, the company provides title and settlement agency, and insurance services. C&F Financial Corporation was founded in 1927 and is headquartered in West Point, Virginia.Show more

Net Interest Income $97M -1.0%
Total Revenue $167M +11.2%
Net Income $20M -16.0%
Return on Equity 8.92% -21.8%
Net Interest Margin 3.78% -5.8%
Efficiency Ratio 51.83% -9.6%
ROA 0.79% -19.8%
Equity / Assets 8.85% -0.7%
Book Value per Share 68.78 +7.9%
Tangible BV/Share 60.80 +8.7%
Debt/Equity 0.54 +7.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 3.8%
✓Efficient operations: 51.8% efficiency ratio
✓Healthy dividend yield of 2.5%
✓Share count reduced 3.3% through buybacks
✓Trading at only 1.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.63%

5Y5.94%

3Y5.96%

TTM-

Profit (Net Income) CAGR

10Y4.86%

5Y1.01%

3Y-11.55%

TTM27.1%

EPS CAGR

10Y5.29%

5Y1.9%

3Y-8.9%

TTM31.99%

ROCE

10Y Avg8.12%

5Y Avg10.02%

3Y Avg9.7%

Latest7.21%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	78.36M	80.47M	79.99M	81.52M	80.45M	83.53M	85.37M	93.46M	97.71M	96.78M
NII Growth %	0%	0.03%	-0.01%	0.02%	-0.01%	0.04%	0.02%	0.09%	0.05%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	87.05M	89.44M	89.59M	92.55M	95.01M	96.91M	93.73M	101.35M	124.14M	139.59M
Interest Expense	8.69M	8.97M	9.6M	11.03M	14.56M	13.38M	8.36M	7.89M	26.43M	42.82M
Loan Loss Provision	15.51M	18.04M	16.43M	11.01M	8.52M	11.08M	575K	3.17M	8.28M	13.25M
Non-Interest Income+	20.71M	26.05M	27.23M	24.92M	29.78M	51.3M	46.25M	22.1M	25.62M	26.92M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	107.76M	115.49M	116.83M	117.47M	124.79M	148.21M	139.97M	123.45M	149.76M	166.51M
Revenue Growth %	0.02%	0.07%	0.01%	0.01%	0.06%	0.19%	-0.06%	-0.12%	0.21%	0.11%
Non-Interest Expense	66.17M	70.56M	72.82M	72.9M	77.78M	94.53M	92.96M	75.42M	85.89M	86.31M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	17.38M	17.92M	17.97M	22.54M	23.93M	29.22M	38.08M	36.96M	29.16M	24.13M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.01%	0.03%	0%	0.25%	0.06%	0.22%	0.3%	-0.03%	-0.21%	-0.17%
Pretax Income+	17.38M	17.92M	17.97M	22.54M	23.93M	29.22M	38.08M	36.96M	29.16M	24.13M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.85M	4.46M	11.39M	4.52M	5.08M	6.79M	8.96M	7.59M	5.42M	4.21M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	12.53M	13.46M	6.57M	18.02M	18.86M	22.12M	28.67M	29.16M	23.6M	19.83M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.02%	0.07%	-0.51%	1.74%	0.05%	0.17%	0.3%	0.02%	-0.19%	-0.16%
Net Income (Continuing)	12.53M	13.46M	6.57M	18.02M	18.85M	22.42M	29.12M	29.37M	23.75M	19.92M
EPS (Diluted)+	3.68	3.89	1.88	5.15	5.47	6.06	7.95	8.29	6.92	6.01
EPS Growth %	0.03%	0.06%	-0.52%	1.74%	0.06%	0.11%	0.31%	0.04%	-0.17%	-0.13%
EPS (Basic)	3.68	3.90	1.89	5.15	5.47	6.06	7.95	8.29	6.92	6.01
Diluted Shares Outstanding	3.4M	3.46M	3.49M	3.5M	3.45M	3.65M	3.6M	3.52M	3.41M	3.3M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	152.94M	103.2M	119.42M	115.01M	165.43M	86.67M	267.75M	26.66M	75.16M	65.59M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.13B	1.22B	1.27B	1.28B	1.36B	1.81B	1.83B	2.12B	2.18B	2.32B
Investments Growth %	0.08%	0.08%	0.03%	0.01%	0.06%	0.33%	0.01%	0.16%	0.03%	0.06%
Long-Term Investments	909.89M	1.01B	1.05B	1.07B	1.17B	1.53B	1.45B	1.61B	1.72B	2.25B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	14.43M	14.43M	14.43M	14.43M	14.43M	25.19M	25.19M	25.19M	25.19M	25.19M
Intangible Assets	1.62M	2.27M	1.59M	1.14M	912K	2.29M	1.98M	1.68M	1.41M	1.15M
PP&E (Net)	36.53M	35.8M	36.97M	37.1M	35.26M	44.13M	44.8M	43.85M	41.91M	40.12M
Other Assets	63.36M	42.77M	50.54M	49.2M	60.85M	92.46M	79.12M	81.89M	86.59M	83.97M
Total Current Assets	379.25M	320.49M	345.99M	337.36M	361.94M	381.16M	647.63M	548.23M	548M	142.63M
Total Non-Current Assets	1.03B	1.13B	1.16B	1.18B	1.3B	1.71B	1.62B	1.78B	1.89B	2.42B
Total Assets+	1.41B	1.45B	1.51B	1.52B	1.66B	2.09B	2.26B	2.33B	2.44B	2.56B
Asset Growth %	0.05%	0.03%	0.04%	0.01%	0.09%	0.26%	0.09%	0.03%	0.05%	0.05%
Return on Assets (ROA)	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	698K	703K	838K	920K	1.29M	1.11M	715K	950K	3.49M	4.4M
Total Debt+	177.26M	164.57M	167.86M	159.69M	161.17M	76.17M	90.46M	92.08M	109.54M	122.61M
Net Debt	24.32M	61.37M	48.44M	44.68M	-4.26M	-10.5M	-177.28M	65.42M	34.38M	57.02M
Long-Term Debt	165.17M	152.2M	147.24M	144.77M	144.81M	55.71M	55.73M	55.49M	51.32M	93.61M
Short-Term Debt	12.09M	12.36M	20.62M	14.92M	16.36M	20.45M	34.73M	36.59M	58.22M	28.99M
Other Liabilities	22.43M	27.59M	27.23M	27.18M	38.44M	62.39M	47.71M	39.19M	41.82M	38.53M
Total Current Liabilities	1.09B	1.13B	1.19B	1.2B	1.31B	1.77B	1.95B	2.04B	2.13B	2.2B
Total Non-Current Liabilities	187.59M	179.79M	174.47M	171.96M	183.25M	118.1M	103.43M	94.68M	93.14M	132.15M
Total Liabilities	1.27B	1.31B	1.37B	1.37B	1.49B	1.89B	2.05B	2.14B	2.22B	2.34B
Total Equity+	131.06M	139.21M	141.7M	151.96M	165.28M	194.47M	211.02M	196.23M	217.52M	226.97M
Equity Growth %	0.06%	0.06%	0.02%	0.07%	0.09%	0.18%	0.09%	-0.07%	0.11%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.05%	0.12%	0.12%	0.12%	0.14%	0.14%	0.11%	0.09%
Book Value per Share	38.52	40.28	40.64	43.40	47.89	53.29	58.55	55.80	63.75	68.78
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	3.3M	3.33M	3.36M	3.36M	3.3M	3.51M	3.4M	3.33M	3.24M	3.11M
Additional Paid-in Capital	10.42M	11.71M	12.8M	12.75M	9.5M	21.43M	15.19M	12.05M	6.57M	36K
Retained Earnings	116.17M	125.16M	127.43M	140.52M	154.25M	170.82M	193.81M	217.21M	233.76M	247.81M
Accumulated OCI	1.17M	-984K	-1.89M	-4.67M	-2.25M	-1.96M	-2.09M	-36.96M	-26.69M	-24.6M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	15.33M	26.98M	25.77M	47.55M	-14.63M	-80.37M	157.39M	90.56M	38.81M	38.49M
Operating CF Growth %	-0.55%	0.76%	-0.04%	0.84%	-1.31%	-4.49%	2.96%	-0.42%	-0.57%	-0.01%
Net Income	12.53M	13.46M	6.57M	18.02M	18.85M	22.42M	29.12M	29.37M	23.75M	19.92M
Depreciation & Amortization	2.51M	3.42M	3.45M	3.67M	3.87M	4.19M	4.74M	4.36M	3.88M	3.86M
Deferred Taxes	1.38M	-23K	9.4M	632K	354K	-817K	-90K	708K	902K	474K
Other Non-Cash Items	-963K	7.08M	12M	19.95M	-40.55M	-114.93M	125.82M	63.55M	9.49M	5.31M
Working Capital Changes	-1.35M	1.82M	-7.1M	3.93M	1.38M	7.31M	-3.9M	-9.4M	-1.2M	7M
Cash from Investing+	-83.66M	-106.32M	-59.91M	-47.52M	-35.93M	-183.29M	-138.69M	-411.28M	-56.34M	-148.64M
Purchase of Investments	-37.11M	-52.6M	-53.46M	-51.32M	-48.22M	-201.87M	-209.22M	-242.23M	-39.27M	-56.4M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	19.1M	0	0	0	0
Other Investing	-81.19M	-108.37M	-43.79M	-43.89M	-60.58M	-114.03M	-38.7M	-220.99M	-116.42M	-189.36M
Cash from Financing+	53.66M	29.61M	50.36M	-4.44M	100.98M	184.9M	162.38M	79.64M	66.03M	100.58M
Dividends Paid	-4.15M	-4.46M	-4.64M	-4.93M	-5.13M	-5.55M	-5.67M	-5.76M	-5.99M	-5.78M
Share Repurchases	-1.69M	0	0	-1.54M	-4.92M	-1.06M	-8.23M	-5.37M	-7.76M	-8.76M
Stock Issued	135K	149K	147K	144K	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K
Other Financing	49.16M	46.65M	51.74M	10.23M	109.58M	289.21M	162.01M	88.91M	62.14M	104.35M
Net Change in Cash+	-14.67M	-49.74M	16.22M	-4.41M	50.42M	-78.76M	181.08M	-241.08M	48.5M	-9.57M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	167.62M	152.94M	103.2M	119.42M	115.01M	165.43M	86.67M	267.75M	26.66M	75.16M
Cash at End	152.94M	103.2M	119.42M	115.01M	165.43M	86.67M	267.75M	26.66M	75.16M	65.59M
Interest Paid	9.03M	8.93M	9.43M	10.91M	14.15M	14.17M	9.08M	7.7M	23.86M	41.87M
Income Taxes Paid	560K	2.31M	5.13M	821K	2.3M	6.41M	10.54M	8.02M	6.07M	523K
Free Cash Flow+	13.52M	24.27M	21.59M	44.18M	-17.34M	-90.6M	152.6M	87.17M	37.35M	35M
FCF Growth %	-0.58%	0.79%	-0.11%	1.05%	-1.39%	-4.23%	2.68%	-0.43%	-0.57%	-0.06%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.84%	9.96%	4.68%	12.27%	11.89%	12.3%	14.14%	14.32%	11.41%	8.92%
Return on Assets (ROA)	0.91%	0.94%	0.44%	1.19%	1.19%	1.18%	1.32%	1.27%	0.99%	0.79%
Net Interest Margin	5.58%	5.54%	5.3%	5.36%	4.85%	4%	3.77%	4.01%	4.01%	3.78%
Efficiency Ratio	61.41%	61.1%	62.34%	62.06%	62.33%	63.78%	66.41%	61.1%	57.35%	51.83%
Equity / Assets	9.33%	9.59%	9.39%	9.99%	9.97%	9.32%	9.32%	8.41%	8.92%	8.85%
Book Value / Share	38.52	40.28	40.64	43.4	47.89	53.29	58.55	55.8	63.75	68.78
NII Growth	0.49%	2.7%	-0.6%	1.91%	-1.31%	3.82%	2.2%	9.48%	4.54%	-0.95%
Dividend Payout	33.1%	33.17%	70.56%	27.36%	27.21%	25.08%	19.8%	19.74%	25.36%	29.14%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Community Banking	-	-	-	-	-	76.5M	71.92M	86.29M	90.67M	89.28M
Community Banking Growth	-	-	-	-	-	-	-6.00%	19.98%	5.08%	-1.53%
Consumer Finance.	-	-	-	-	-	-	28.68M	27.64M	25.4M	27.05M
Consumer Finance. Growth	-	-	-	-	-	-	-	-3.63%	-8.09%	6.49%
Mortgage Banking	10.65M	13.72M	14.87M	13.87M	18.41M	-	34.25M	14.19M	11.28M	12.12M
Mortgage Banking Growth	-	28.78%	8.34%	-6.67%	32.66%	-	-	-58.56%	-20.52%	7.47%
Other	-	-	-	-	-	-	-142K	-5.59M	11K	-958K
Other Growth	-	-	-	-	-	-	-	-3835.21%	100.20%	-8809.09%
Mortgage Banking	-	-	-	-	-	40.73M	-	-	-	-
Mortgage Banking Growth	-	-	-	-	-	-	-	-	-	-
Consumer Finance	48.15M	48.07M	45.74M	43.53M	41.95M	39.44M	-	-	-	-
Consumer Finance Growth	-	-0.16%	-4.85%	-4.84%	-3.61%	-5.99%	-	-	-	-
All Others	1.58M	1.27M	1.91M	2.14M	4.35M	4.9M	-	-	-	-
All Others Growth	-	-19.25%	49.49%	12.33%	103.32%	12.66%	-	-	-	-
Retail Banking	52.04M	57.47M	60.2M	66.05M	70.86M	-	-	-	-	-
Retail Banking Growth	-	10.43%	4.74%	9.72%	7.28%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

C&F Financial Corporation (CFFI) has a price-to-earnings (P/E) ratio of 11.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

C&F Financial Corporation (CFFI) grew revenue by 11.2% over the past year. This is steady growth.

Yes, C&F Financial Corporation (CFFI) is profitable, generating $24.5M in net income for fiscal year 2024 (11.9% net margin).

Dividend & Returns

Yes, C&F Financial Corporation (CFFI) pays a dividend with a yield of 2.46%. This makes it attractive for income-focused investors.

C&F Financial Corporation (CFFI) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.

Industry Metrics

C&F Financial Corporation (CFFI) has a net interest margin (NIM) of 3.8%. This indicates healthy earnings from lending activities.

C&F Financial Corporation (CFFI) has an efficiency ratio of 51.8%. This is excellent, indicating strong cost control.

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