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    C&F Financial (CFFI)

    Market Price (9/21/2026): $93.41 | Market Cap: $303.8 MilSector: Financials | Industry: Regional Banks

    C&F Financial (CFFI)

    Market Price (9/21/2026): $93.41
    Market Cap: $303.8 Mil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 13%

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -87%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%

    Low stock price volatility
    Vol 12M is 34%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.

    Trading close to highs
    Dist 52W High is -2.8%, Dist 3Y High is -2.8%

    Weak revenue growth
    Rev Chg QQuarterly Revenue Change % is -11%

    Key risks
    CFFI key risks include [1] deteriorating asset quality and rising charge-offs in its high-risk consumer finance segment and [2] potential liquidity challenges from its substantial concentration of uninsured deposits, Show more.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 13%
    1 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -87%
    2 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%
    3 Low stock price volatility
    Vol 12M is 34%
    4 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.
    5 Trading close to highs
    Dist 52W High is -2.8%, Dist 3Y High is -2.8%
    6 Weak revenue growth
    Rev Chg QQuarterly Revenue Change % is -11%
    7 Key risks
    CFFI key risks include [1] deteriorating asset quality and rising charge-offs in its high-risk consumer finance segment and [2] potential liquidity challenges from its substantial concentration of uninsured deposits, Show more.

    CFFI in ETFs

    Weight = CFFI's share of each fund

    VTI0.00%
    IWM0.01%
    AVUV0.01%
    VTWO0.01%
    DFAS0.01%
    IWN0.00%
    DFAC0.00%

    Valuation & Metrics

    null
    CFFIS&P 500
    REVENUE GROWTH 
    Rev LTM ($ Bil)0.1
    Rev Chg Q-10.9%9.1%
    Rev Chg LTM4.4%8.3%
    Rev Chg 3Y Avg3.0%5.8%
    PROFITABILITYGOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.0
    Net Inc LTM ($ Bil)0.0
    CFO/Rev LTM31.4%21.8%
    Net Inc Mgn21.3%13.1%
    VALUATIONLOW
    P/S2.23.1
    P/CFO7.114.7
    P/FCF7.919.1
    P/E10.422.4

    AI Analysis | Feedback

    MetricValueDateSource
    Number of Retail Bank Branches3110232025Link
    Number of Commercial Loan Offices510232025Link
    Number of States of Operation (C&F Finance Company)2111062025Link
    Number of Employees54512312024Link

    Price Chart

    Recent
    9/15/2026DividendAmount: $0.48
    Payment On: 10/01/2026

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 9/15/2026

    C&F Financial (CFFI) stock has gained about 30% since 5/31/2026 because of the following key factors:

    1. Strong Fiscal Q2 2026 Financial Performance: C&F Financial Corporation reported a significant improvement in its financial results for fiscal Q2 2026, which ended June 30, 2026. Consolidated net income increased by 11.1 percent to $8.6 million compared to $7.8 million in fiscal Q2 2025. Total revenue rose 12.3 percent to $40.9 million from $36.4 million, and diluted earnings per share (EPS) grew by 11.0 percent to $2.63 from $2.37 in the prior year's second quarter. These strong results were primarily driven by an expanded net interest margin of 4.41 percent and increased mortgage banking activity.

    2. Strategic Asset Repositioning: The company undertook strategic asset management initiatives during fiscal Q2 2026. This included a pre-tax gain of $8.3 million from the sale of an equity interest in Bearing Insurance Group, LLC. Concurrently, C&F Financial executed a securities portfolio restructuring aimed at improving long-term yields, despite an initial pre-tax loss of $7.1 million from this restructuring.

    Show more
    Updated on 9/15/2026

    C&F Financial (CFFI) stock has gained about 30% since 5/31/2026 because of the following key factors:

    1. Strong Fiscal Q2 2026 Financial Performance: C&F Financial Corporation reported a significant improvement in its financial results for fiscal Q2 2026, which ended June 30, 2026. Consolidated net income increased by 11.1 percent to $8.6 million compared to $7.8 million in fiscal Q2 2025. Total revenue rose 12.3 percent to $40.9 million from $36.4 million, and diluted earnings per share (EPS) grew by 11.0 percent to $2.63 from $2.37 in the prior year's second quarter. These strong results were primarily driven by an expanded net interest margin of 4.41 percent and increased mortgage banking activity.

    2. Strategic Asset Repositioning: The company undertook strategic asset management initiatives during fiscal Q2 2026. This included a pre-tax gain of $8.3 million from the sale of an equity interest in Bearing Insurance Group, LLC. Concurrently, C&F Financial executed a securities portfolio restructuring aimed at improving long-term yields, despite an initial pre-tax loss of $7.1 million from this restructuring.

    3. Significant Loan and Deposit Growth: C&F Financial experienced robust growth in its core banking operations during fiscal Q2 2026. Average loans increased by $132.2 million, or 8.8 percent, compared to the same period in 2025, mainly due to expansion in commercial real estate and land acquisition and development loan portfolios. Furthermore, average deposits grew by $149.4 million, or 6.7 percent, primarily driven by higher balances in time deposits and savings and money market deposits.

    4. Consistent Shareholder Returns: The company maintained consistent shareholder returns by declaring a regular cash dividend of $0.48 per share for both fiscal Q2 2026 and the subsequent quarter. This dividend, representing a comfortable payout ratio of 21 percent and a trailing yield of 2.1 percent, demonstrated ongoing commitment to returning value to investors.

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    Stock Movement Drivers

    Fundamental Drivers

    The 28.4% change in CFFI stock from 5/31/2026 to 9/20/2026 was primarily driven by a 24.6% change in the company's P/E Multiple.
    (LTM values as of)53120269202026Change
    Stock Price ($)72.9293.6028.4%
    Change Contribution By: 
    Total Revenues ($ Mil)140136-2.8%
    Net Income Margin (%)20.1%21.3%6.0%
    P/E Multiple8.410.524.6%
    Shares Outstanding (Mil)33-0.1%
    Cumulative Contribution28.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    5/31/2026 to 9/20/2026
    ReturnCorrelation
    CFFI28.4% 
    Market (SPY)0.9%-25.3%
    Sector (XLF)8.3%28.1%

    Fundamental Drivers

    The 30.9% change in CFFI stock from 2/28/2026 to 9/20/2026 was primarily driven by a 18.3% change in the company's P/E Multiple.
    (LTM values as of)22820269202026Change
    Stock Price ($)71.5293.6030.9%
    Change Contribution By: 
    Total Revenues ($ Mil)1331362.3%
    Net Income Margin (%)19.6%21.3%8.6%
    P/E Multiple8.810.518.3%
    Shares Outstanding (Mil)33-0.4%
    Cumulative Contribution30.9%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    2/28/2026 to 9/20/2026
    ReturnCorrelation
    CFFI30.9% 
    Market (SPY)11.6%-5.1%
    Sector (XLF)9.2%23.6%

    Fundamental Drivers

    The 34.1% change in CFFI stock from 8/31/2025 to 9/20/2026 was primarily driven by a 13.8% change in the company's Net Income Margin (%).
    (LTM values as of)83120259202026Change
    Stock Price ($)69.7993.6034.1%
    Change Contribution By: 
    Total Revenues ($ Mil)1311364.4%
    Net Income Margin (%)18.7%21.3%13.8%
    P/E Multiple9.210.513.4%
    Shares Outstanding (Mil)33-0.4%
    Cumulative Contribution34.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2025 to 9/20/2026
    ReturnCorrelation
    CFFI34.1% 
    Market (SPY)19.4%4.7%
    Sector (XLF)4.7%28.8%

    Fundamental Drivers

    The 92.3% change in CFFI stock from 8/31/2023 to 9/20/2026 was primarily driven by a 85.4% change in the company's P/E Multiple.
    (LTM values as of)83120239202026Change
    Stock Price ($)48.6893.6092.3%
    Change Contribution By: 
    Total Revenues ($ Mil)1251368.8%
    Net Income Margin (%)23.6%21.3%-9.5%
    P/E Multiple5.610.585.4%
    Shares Outstanding (Mil)335.3%
    Cumulative Contribution92.3%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2023 to 9/20/2026
    ReturnCorrelation
    CFFI92.3% 
    Market (SPY)75.6%30.5%
    Sector (XLF)69.8%39.5%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    CFFI Return42%17%21%8%5%32%200%
    Peers Return54%13%4%33%-3%34%215%
    S&P 500 Return27%-19%24%23%16%12%103%

    Monthly Win Rates [3]
    CFFI Win Rate67%58%58%50%67%78% 
    Peers Win Rate75%57%50%60%48%67% 
    S&P 500 Win Rate75%42%67%75%67%44% 

    Max Drawdowns [4]
    CFFI Max Drawdown-21%-16%-20%-50%-35%-13% 
    Peers Max Drawdown-17%-24%-40%-20%-31%-19% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: ESQ, OBT, BSVN, FGBI, FITB. See CFFI Returns vs. Peers.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 9/18/2026 (YTD)

    How Low Can It Go

    EventCFFIS&P 500
    2025 US Tariff Shock
      % Loss-33.4%-18.8%
      % Gain to Breakeven50.2%23.1%
      Time to Breakeven439 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-11.4%-9.5%
      % Gain to Breakeven12.8%10.5%
      Time to Breakeven41 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-19.6%-6.7%
      % Gain to Breakeven24.4%7.1%
      Time to Breakeven195 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-13.1%-24.5%
      % Gain to Breakeven15.1%32.4%
      Time to Breakeven21 days427 days
    2020 COVID-19 Crash
      % Loss-45.0%-33.7%
      % Gain to Breakeven82.0%50.9%
      Time to Breakeven321 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-15.7%-19.2%
      % Gain to Breakeven18.6%23.8%
      Time to Breakeven342 days105 days

    Compare to ESQ, OBT, BSVN, FGBI, FITB

    In The Past

    C&F Financial's stock fell -33.4% during the 2025 US Tariff Shock. Such a loss loss requires a 50.2% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventCFFIS&P 500
    2025 US Tariff Shock
      % Loss-33.4%-18.8%
      % Gain to Breakeven50.2%23.1%
      Time to Breakeven439 days79 days
    2020 COVID-19 Crash
      % Loss-45.0%-33.7%
      % Gain to Breakeven82.0%50.9%
      Time to Breakeven321 days140 days
    2008-2009 Global Financial Crisis
      % Loss-62.0%-53.4%
      % Gain to Breakeven163.2%114.4%
      Time to Breakeven1017 days1085 days

    Compare to ESQ, OBT, BSVN, FGBI, FITB

    In The Past

    C&F Financial's stock fell -33.4% during the 2025 US Tariff Shock. Such a loss loss requires a 50.2% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About C&F Financial (CFFI)

    C&F Financial Corporation (CFFI) is a bank holding company that, through its subsidiary Citizens and Farmers Bank, offers a comprehensive range of financial services primarily across the Mid-Atlantic region. Its core business is organized into three main segments: Retail Banking, Mortgage Banking, and Consumer Finance, complemented by additional financial and insurance offerings.

    The **Retail Banking** segment serves individuals and businesses across Virginia with traditional banking products. These include checking and savings accounts, various loan types such as business, real estate, development, mortgage, home equity, and installment loans, alongside modern conveniences like ATMs, internet/mobile banking, and debit/credit cards. Concurrently, the **Consumer Finance** segment specializes in providing automobile loans to individuals, with offices located in Richmond and Hampton, Virginia.

    C&F Financial's **Mortgage Banking** segment focuses on originating a diverse portfolio of residential mortgage loans, including conventional, FHA, USDA, and VA-backed options. This segment also provides ancillary services like residential appraisals and extends its operations through offices in Virginia, Maryland, North Carolina, South Carolina, and West Virginia, catering to homeowners and prospective buyers. The company further diversifies its offerings by providing brokerage and wealth management services, insurance products, and title and settlement agency services to its customers.

    AI Analysis | Feedback

    Here are 1-3 brief analogies for C&F Financial:

    • A regional, diversified bank similar to a smaller PNC or Truist, primarily serving the Mid-Atlantic.

    • Like a community bank that also operates a significant mortgage and auto loan business, akin to a regional mini-Wells Fargo.

    AI Analysis | Feedback

    C&F Financial (CFFI) offers the following major products and services:

    • Retail Banking Services: Provides checking and savings accounts, various personal and business loans, and digital banking tools.
    • Mortgage Banking: Offers a range of residential mortgage loans, including conventional and government-backed options.
    • Consumer Finance: Specializes in automobile loans for consumers.
    • Wealth Management: Provides brokerage and wealth management services to clients.
    • Insurance Products: Offers various insurance products.
    • Title and Settlement Services: Provides title and settlement agency services for real estate transactions.

    AI Analysis | Feedback

    Major Customers of C&F Financial Corporation (CFFI)

    C&F Financial Corporation provides banking and financial services to a broad base of customers, primarily serving individuals and businesses rather than a few major corporate clients. Based on the services described, its major customer categories include:

    • Individual Banking Clients: This category encompasses a wide range of consumers utilizing personal banking services such as checking and savings deposit accounts, residential mortgage loans, home equity loans, installment loans, and automobile loans. It also includes individuals using ATMs, internet and mobile banking, and debit and credit cards.
    • Business Banking Clients: This category includes various businesses that utilize the company's services for their operational and growth needs. This involves business deposit accounts, business loans, real estate loans, and development loans.
    • Wealth Management and Specialized Service Clients: This category consists of individuals and entities seeking more specialized financial services, including brokerage and wealth management services, insurance products, and title and settlement agency services.

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    Thomas F. Cherry, President and Chief Executive Officer

    Thomas F. Cherry has served as the President and Chief Executive Officer of C&F Financial Corporation and Citizens and Farmers Bank since January 1, 2019, and as President since December 2014. He has been with C&F for over 28 years, previously holding the positions of Chief Financial Officer from 2004 to 2016 and Secretary from 2002 to 2018. Prior to his tenure at C&F, Mr. Cherry gained experience at Price Waterhouse LLP.

    Jason E. Long, Executive Vice President, Chief Financial Officer and Secretary

    Jason E. Long holds the role of Executive Vice President, Chief Financial Officer, and Secretary at C&F Financial Corporation. He joined C&F in October 2014 and assumed the CFO position in March 2016, succeeding Thomas Cherry. Before joining C&F, Mr. Long was an audit partner for 12 years at Yount, Hyde, Barbour, an accounting firm where he focused on serving small and regional community banks. He is a Certified Public Accountant (CPA) and holds both Master's and Bachelor of Science degrees in Accounting from Virginia Tech.

    Larry G. Dillon, Executive Chairman

    Larry G. Dillon serves as the Executive Chairman of C&F Financial Corporation. He previously served as the CEO for 29 years before transitioning to his current role in 2019. In his capacity as Executive Chairman, he works alongside the CEO to oversee the board and corporate governance.

    Mark A. Fox, President & CEO - C&F Mortgage Corp.

    Mark A. Fox is the President and CEO of C&F Mortgage Corporation, a key subsidiary of C&F Financial Corporation.

    S. Dustin Crone, President and Chief Executive Officer of C&F Finance Company

    S. Dustin Crone is the President and Chief Executive Officer of C&F Finance Company, another significant entity within the C&F Financial Corporation family. He is responsible for the overall strategic vision, operational management, and growth initiatives of C&F Finance Company, which focuses on providing a diverse array of financial products and services, including auto loans and financing.

    AI Analysis | Feedback

    Key Risks to C&F Financial (CFFI)

    1. Interest Rate Fluctuations: As a bank holding company, C&F Financial's profitability is highly dependent on its net interest margin, which is sensitive to changes in prevailing interest rates. Significant fluctuations in interest rates, particularly a sustained decline in rates or an adverse shift in the yield curve, could compress margins, reduce loan demand, and negatively impact the value of its investment portfolio.
    2. Credit Risk and Economic Downturn: C&F Financial engages in extensive lending activities, including business, real estate, development, mortgage, home equity, installment, and automobile loans. A general economic downturn, regionally or nationally, could lead to increased unemployment, reduced consumer spending, and financial distress among its borrowers, resulting in higher loan delinquencies, charge-offs, and provisions for loan losses.
    3. Real Estate Market Decline: A substantial portion of C&F Financial's business is tied to real estate, including residential mortgage loans, real estate development loans, and home equity loans. A significant decline in real estate values or a prolonged stagnation in the real estate markets within its primary operating regions (Virginia, Maryland, North Carolina, South Carolina, and West Virginia) could adversely affect the quality of its loan portfolio, collateral values, and demand for new mortgage originations.

    AI Analysis | Feedback

    Competition from digital-first banks (neobanks) and online financial technology (fintech) platforms offering streamlined, mobile-centric services across retail banking, mortgage lending, and consumer finance, which can operate with lower overhead and offer more competitive rates and user experiences than traditional branch-based institutions.

    AI Analysis | Feedback

    C&F Financial Corporation (CFFI) operates in several financial sectors. The addressable market sizes for its main products and services, within their specified operating regions, are detailed below:

    Retail Banking

    • Deposits (Virginia): The total deposits in Virginia banks amounted to approximately $296 billion USD in 2024.
    • Commercial Banking (Virginia): The Commercial Banking industry in Virginia had a market size of approximately $24.4 billion USD in 2026.

    Mortgage Banking

    • Residential Mortgage Loans (Virginia): New home loans booked in Virginia totaled approximately $35.2 billion USD in 2024.
    • Residential Mortgage Loans (Maryland): The estimated market size for residential home sales in Maryland was approximately $28.9 billion USD in 2025, based on 67,245 homes sold and a median sales price of $430,000.
    • Residential Mortgage Loans (North Carolina): The estimated annual market size for residential home sales in North Carolina was approximately $18.2 billion USD (annualized) based on roughly 13,413 homes sold per period (estimated quarterly) and a median sale price of $339,000 in January 2026.
    • Residential Mortgage Loans (South Carolina): The estimated market size for residential home sales in South Carolina was approximately $34.8 billion USD in 2025, based on 91,372 closed sales and a median home sale price of $381,400.
    • Residential Mortgage Loans (West Virginia): The estimated annual market size for residential home sales in West Virginia was approximately $1.8 billion USD (annualized), based on 752 homes sold monthly and a median sale price of $203,000 in January 2026.

    Consumer Finance

    • Automobile Loans (Virginia): Null. Specific market size data for automobile loans solely within C&F Financial's operating regions in Virginia (Richmond and Hampton) is not available.

    Other Services

    • Brokerage and Wealth Management Services: Null. Specific market size data for wealth management services within C&F Financial's operating regions is not available.
    • Insurance Products: Null. Specific market size data for insurance products within C&F Financial's operating regions, considering the broad nature of "insurance products," is not available.
    • Title and Settlement Agency Services (U.S.): The U.S. industry revenue for Title and Settlement Services was approximately $15.4 billion USD in 2025.

    AI Analysis | Feedback

    C&F Financial Corporation (CFFI) is expected to drive future revenue growth over the next two to three years through several key strategies across its diverse segments. The anticipated drivers include:
    • Community Banking Loan and Deposit Growth: C&F Financial projects continued expansion within its community banking segment by increasing both loans and deposits. For instance, in the first quarter of 2025, the community banking segment saw annualized loan growth of 7.6% and deposit growth of 8.4%. Over the full year 2025, community banking loans increased by $136.7 million, or 9.4%, and deposits grew by $174.9 million, or 8.1%, compared to the previous year.
    • Mortgage Banking Origination Growth: The company expects a rebound and sustained growth in its mortgage banking segment. Despite higher interest rates, mortgage loan originations increased by 32.8% in the fourth quarter of 2024 year-over-year. For the full year 2025, the mortgage banking segment reported a significant 28.9% increase in loan originations.
    • Net Interest Margin (NIM) Improvement: After facing challenges, C&F Financial is optimistic about the stabilization and potential improvement of its net interest margin. Management expects earnings momentum to head into the coming year, supported by strategic efforts and an improving interest rate environment. The consolidated net interest margin for the full year 2025 expanded to 4.21% from 4.12% in 2024, demonstrating positive momentum.
    • Strategic Market and Commercial Banking Expansion: C&F Financial is committed to strategic initiatives, including expanding its presence in new markets. The company plans to focus on growing its footprint in Southwest Virginia and enhancing operational efficiencies across its segments. The expansion of lending and deposits in 2025 was partly attributed to the addition of a commercial banking team in Roanoke, indicating a focus on specific market segments.
    • Growth in Wealth Management and Ancillary Services: The company anticipates increased revenue from its wealth management and other fee-based services. The 2025 annual report highlighted increased activity in its wealth management units, with assets under management reaching $627 million. This focus on diverse financial offerings beyond traditional banking services is expected to contribute to non-interest income growth.

    AI Analysis | Feedback

    Share Repurchases

    • C&F Financial Corporation authorized a new share repurchase program on December 17, 2025, to buy back up to $5 million of its common stock, effective from January 1, 2026, through December 31, 2026.
    • A previous share repurchase program was announced on December 19, 2024, authorizing the company to repurchase up to $5 million worth of its common stock until December 31, 2025.
    • Under a program authorized in November 2022, which expired on December 31, 2023, C&F Financial Corporation repurchased 135,327 shares of its common stock for an aggregate cost of $7.5 million.

    Capital Expenditures

    • C&F Financial Corporation's latest trailing twelve months (TTM) Capital Expenditure (CapEx) Compound Annual Growth Rate (CAGR) over three years was 17.74%.
    • Over the past five years, the average CapEx CAGR over three years for C&F Financial Corporation was -11.86%, with a high of 39.93% and a low of -78.32%.
    • The company's latest trailing twelve months (TTM) average capital expenditure over ten years stands at $3.45 million.

    Peer Outperformance in Regional Banks

    CFFI has outperformed 81% of its 264 Regional Banks peers over 5Y. Among the peers that beat it are FBP, OFG and BPOP. Regional Banks ranks 7th of 18 industries in Financials by median 5Y return.
    Share of Regional Banks constituents that CFFI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    67%
    of 288 industry peers · 33.4% return
    3Y
    38%
    of 277 industry peers · 82.2% return
    5Y
    81%
    of 264 industry peers · 115.9% return
    Regional Banks peers with revenue growth within 4pp of CFFI's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
    Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
    CFFI C&F Financial 3.0% 10.5x 33.4%82.2%115.9% —
    FBP First BanCorp 2.9% 11.4x 29.1%131.6%174.3% +58pp
    OFG OFG Bancorp 4.5% 10.1x 22.2%99.4%162.8% +47pp
    BPOP Popular 2.8% 10.7x 29.5%183.6%160.6% +45pp
    Price returns, excluding dividends. P/E shown for context only and not used for matching.
    Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is CFFI's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 24.2%70.6%133.7% SPNT 170% · RGA 154% · RNR 140%
    Investment Banking & Brokerage 13 -1.7%105.1%116.5% IBKR 527% · SNEX 257% · HOOD 183%
    Diversified Banks 12 27.5%129.8%116.3% CM 161% · JPM 159% · RY 149%
    Life & Health Insurance 20 8.6%57.6%105.8% JXN 534% · UNM 373% · FG 207%
    Multi-Sector Holdings 4 6.8%50.2%87.3% JONE 361% · VOYA 88% · BRK-B 87%
    Property & Casualty Insurance 42 9.6%67.5%67.8% ASIC 2760900% · HRTG 445% · UVE 331%
    Regional Banks ← 265 23.9%91.7%67.1% ESQ 391% · GCBC 340% · VBNK 335%
    Multi-line Insurance 9 8.8%71.2%64.1% GNW 201% · L 112% · SLF 104%
    Financial Exchanges & Data 15 -0.1%17.4%32.7% VIRT 184% · CBOE 135% · CME 83%
    Diversified Financial Services 4 -7.3%22.1%32.6% FRHC 168% · EQH 119% · TMS -54%
    Consumer Finance 30 1.7%89.6%26.9% ENVA 447% · EZPW 319% · FCFS 168%
    Insurance Brokers 16 -15.1%-6.3%20.3% LIFE 200% · ARX 87% · AJG 70%
    Commercial & Residential Mortgage Finance 14 -50.2%32.8%13.9% FNMA 454% · FMCC 436% · ACT 204%
    Asset Management & Custody Banks 84 -11.7%17.6%12.0% WT 348% · SII 279% · VCTR 274%
    Specialized Finance 3 14.0%42.2%-2.8% EFC 27% · CACC -3% · HASI -16%
    Mortgage REITs 33 -13.0%7.4%-16.5% NREF 53% · RITM 42% · DX 34%
    Transaction & Payment Processing Services 15 -1.0%-5.9%-42.9% V 74% · MA 73% · CPAY 58%
    Diversified Capital Markets 20 -36.3%20.7%-48.1% OPY 196% · LPLA 136% · GOLD 90%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

    Latest Trefis Analyses

    Title
    0ARTICLES

    Recent Active Movers

    Top Gainers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    SDGRSchrodinger2.252.6%62.3%
    PSPershing Square19.932.3%106.6%
    BBNXBeta Bionics1.032.1%-28.2%
    TEMTempus AI14.031.9%31.8%
    SECZSecuritize1.631.3%-11.7%
    TWSTTwist Bioscience10.431.3%426.5%
    EMATEvolution Metals & Technologies2.530.5%-81.1%
    GEMIGemini Space Station0.730.3%-41.4%
    RUMRumble2.626.8%43.8%
    ALMRAlamar Biosciences2.025.0%58.4%

    Top Losers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    ADBTAdvasa0.1-47.1%-98.0%
    SWMRSwarmer0.4-39.4%-22.6%
    ALHCAlignment Healthcare1.7-33.8%-57.7%
    XENEXenon Pharmaceuticals4.0-32.2%-11.3%
    FLNCFluence Energy1.0-26.3%-63.0%
    ENVAEnova International4.3-21.8%11.1%
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    ARWRArrowhead Pharmaceuticals9.5-19.8%0.1%
    DMRADamora Therapeutics1.4-19.6%-1.8%
    IONSIonis Pharmaceuticals7.4-18.0%-43.8%

    Top Gainers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    SECZSecuritize1.680.1%-11.7%
    FWDIForward Industries0.755.9%16.5%
    PURRHyperliquid Strategies1.750.1%295.8%
    GEMIGemini Space Station0.747.8%-41.4%
    MSTRStrategy54.347.6%1.3%
    SMTCSemtech17.247.6%151.1%
    CVICVR Energy5.446.3%112.4%
    SDGRSchrodinger2.246.2%62.3%
    EMATEvolution Metals & Technologies2.541.1%-81.1%
    ACVAACV Auctions1.840.3%30.7%

    Top Losers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    ALMSAlumis1.0-67.6%-20.4%
    IESCIES12.8-47.5%-17.2%
    SWMRSwarmer0.4-46.9%-22.6%
    RAREUltragenyx Pharmaceutical1.5-44.7%-36.9%
    TTANServiceTitan5.2-42.1%-48.3%
    FLNCFluence Energy1.0-39.4%-63.0%
    KRMNKarman4.7-38.6%-51.1%
    XENEXenon Pharmaceuticals4.0-36.2%-11.3%
    DYNDyne Therapeutics2.8-36.1%-12.5%
    DKSDick's Sporting Goods10.7-36.1%-37.5%

    More From Trefis

    Research & Analysis

    Invest in Strategies

    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    CFFIESQOBTBSVNFGBIFITBMedian
    NameC&F Fina.Esquire .Orange C.Bank7 First Gu.Fifth Th. 
    Mkt Price93.60123.2038.4954.158.6552.9153.53
    Mkt Cap0.31.00.50.50.148.20.5
    Rev LTM136160127989210,490131
    Op Inc LTM-------
    FCF LTM39646544382,89654
    FCF 3Y Avg36514147183,34244
    CFO LTM43686750553,66561
    CFO 3Y Avg39544351283,91247

    Growth & Margins

    CFFIESQOBTBSVNFGBIFITBMedian
    NameC&F Fina.Esquire .Orange C.Bank7 First Gu.Fifth Th. 
    Rev Chg LTM4.4%18.6%10.2%2.4%-7.5%23.8%7.3%
    Rev Chg 3Y Avg3.0%15.6%9.9%6.2%-3.4%7.4%6.8%
    Rev Chg Q-10.9%17.6%-14.3%-6.3%-0.3%45.3%-3.3%
    QoQ Delta Rev Chg LTM-2.8%4.1%-3.5%-1.5%-0.1%10.6%-0.8%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM31.4%42.3%52.8%50.6%59.3%34.9%46.5%
    CFO/Rev 3Y Avg30.5%39.6%36.3%52.7%29.7%43.8%37.9%
    FCF/Rev LTM28.3%40.3%51.1%44.7%41.8%27.6%41.1%
    FCF/Rev 3Y Avg28.1%36.8%34.7%47.9%19.4%37.6%35.7%

    Valuation

    CFFIESQOBTBSVNFGBIFITBMedian
    NameC&F Fina.Esquire .Orange C.Bank7 First Gu.Fifth Th. 
    Mkt Cap0.31.00.50.50.148.20.5
    P/S2.26.44.15.21.54.64.3
    P/Op Inc-------
    P/EBIT-------
    P/E10.519.310.912.3-3.920.611.6
    P/CFO7.115.17.710.32.613.29.0
    Total Yield11.6%5.8%10.9%10.1%-25.3%7.5%8.8%
    Dividend Yield2.0%0.6%1.7%1.9%0.4%2.7%1.8%
    FCF Yield 3Y Avg18.2%8.0%10.8%12.9%12.9%10.9%11.9%
    D/E0.40.00.10.01.30.40.2
    Net D/E-0.9-0.5-0.8-0.5-10.4-0.9-0.8

    Returns

    CFFIESQOBTBSVNFGBIFITBMedian
    NameC&F Fina.Esquire .Orange C.Bank7 First Gu.Fifth Th. 
    1M Rtn10.8%6.8%1.8%5.1%-1.4%-3.5%3.4%
    3M Rtn20.1%8.7%3.9%19.3%-18.3%1.0%6.3%
    6M Rtn30.9%17.2%25.7%43.0%6.9%21.7%23.7%
    12M Rtn33.4%20.0%51.1%17.6%5.4%18.7%19.4%
    3Y Rtn82.2%181.7%84.8%149.1%-18.8%124.6%104.7%
    1M Excs Rtn8.6%6.4%3.2%6.7%-4.5%-3.0%4.8%
    3M Excs Rtn18.1%6.7%1.9%17.3%-20.3%-1.0%4.3%
    6M Excs Rtn18.3%0.7%9.0%25.0%-11.4%7.3%8.2%
    12M Excs Rtn22.7%7.5%35.4%0.3%-8.8%3.2%5.4%
    3Y Excs Rtn19.9%98.6%8.9%70.0%-87.4%46.2%33.0%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/10/20265/11/20263/3/202611/4/20258/11/20255/6/20252/27/202511/4/20248/2/20245/7/20242/27/202411/7/2023
    Key Financials Quarterly            
    Total Revenue323535353532313231303130
    Net Income977785655356
    EPS2.632.082.072.182.371.661.871.651.501.011.501.71
    Key Financials TTM            
    Total Revenue TTM136140137133131126124124121122124125
    Net Income TTM292827262422201919212429
    Growth Rates Quarterly            
    Total Revenue Growth-10.9%10.5%11.8%8.0%15.5%6.2%0.9%9.6%-3.4%-7.4%-1.3%-1.5%
    Net Income Growth11.3%25.7%11.0%31.3%53.6%57.8%19.1%-6.9%-20.6%-47.2%-50.8%-10.7%
    Margins Quarterly            
    Net Income Margin27.1%19.3%19.3%20.2%21.7%16.9%19.4%16.6%16.3%11.4%16.4%19.6%
    Cash & Debt            
    Total Cash382429406322374315288458449486538531
    Total Debt118103113113146119123142119122110147
    Net Debt / (Cash)-264-326-293-209-228-196-166-316-331-364-428-384
    Cash Flows Quarterly            
    FCF from Operations25-8223-43340211723
    Cash Flows TTM            
    FCF from Operations TTM431424563339372042403943
    Returns to Shareholders Quarterly            
    Dividends221111111111
    Share Repurchases011-000134111
    Return on Invested Capital (ROIC) Quarterly            
    ROIC------------
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM------------

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Community Banking9989918672
    Consumer Finance2727252829
    Mortgage Banking1612111434
    Eliminations-0-0-0-1-0
    Other-1-10-6-0
    Total141127127123135


    Operating Income by Segment
    $ Mil20152014201320122011
    Consumer Finance1211173145
    Retail Banking6622039
    Mortgage Banking113-1021
    Eliminations000-5-4
    Other-2-1-2-11
    Total17172136101


    Net Income by Segment
    $ Mil20252024202320222021
    Community Banking2720232414
    Mortgage Banking21018
    Consumer Finance113710
    Eliminations-0-00-0-0
    Other-4-3-3-3-2
    Total2720242929


    Assets by Segment
    $ Mil20252024202320222021
    Community Banking2,6522,4502,3202,2062,131
    Consumer Finance470473477480372
    Mortgage Banking51302224106
    Other3132364345
    Eliminations-436-421-416-422-390
    Total2,7682,5632,4382,3322,265


    Price Behavior

    Price Behavior
    Market Price$93.60 
    Market Cap ($ Bil)0.3 
    First Trading Date05/07/1998 
    Distance from 52W High-2.8% 
       50 Days200 Days
    DMA Price$86.43$76.72
    DMA Trendupup
    Distance from DMA8.3%22.0%
     3M1YR
    Volatility37.5%33.5%
    Downside Capture-95.90-4.06
    Upside Capture11.5230.38
    Correlation (SPY)-17.2%4.1%
    CFFI Betas & Captures as of 8/31/2026

     1M2M3M6M1Y3Y
    Beta-0.40-0.23-0.92-0.190.110.79
    Up Beta-0.40-1.22-1.51-0.460.040.73
    Down Beta-2.02-0.77-1.17-0.580.000.86
    Up Capture54%58%-6%26%23%60%
    Bmk +ve Days10213268138427
    Stock +ve Days12233567127371
    Down Capture-175%-5%-146%-29%3%91%
    Bmk -ve Days11213259113324
    Stock -ve Days9192960123377

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with CFFI
    CFFI38.8%33.8%1.01-
    Sector ETF (XLF)4.5%14.6%0.0828.8%
    Equity (SPY)16.9%12.9%0.944.2%
    Gold (GLD)19.1%29.3%0.60-8.1%
    Commodities (DBC)46.3%20.6%1.73-28.6%
    Real Estate (VNQ)4.9%13.6%0.1022.3%
    Bitcoin (BTCUSD)-30.6%44.3%-0.702.6%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with CFFI
    CFFI17.4%36.0%0.53-
    Sector ETF (XLF)10.1%18.4%0.4129.4%
    Equity (SPY)12.9%17.2%0.5721.8%
    Gold (GLD)19.1%18.8%0.83-1.2%
    Commodities (DBC)11.2%19.5%0.450.5%
    Real Estate (VNQ)1.1%18.8%-0.0524.3%
    Bitcoin (BTCUSD)12.5%52.5%0.427.7%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with CFFI
    CFFI12.1%37.5%0.42-
    Sector ETF (XLF)12.9%22.1%0.5343.9%
    Equity (SPY)15.1%18.0%0.7236.9%
    Gold (GLD)12.1%16.4%0.61-3.6%
    Commodities (DBC)8.3%18.1%0.3711.3%
    Real Estate (VNQ)4.4%20.7%0.1836.5%
    Bitcoin (BTCUSD)62.6%66.2%1.0211.5%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date8312026
    Short Interest: Shares Quantity0.0 Mil
    Short Interest: % Change Since 815202613.5%
    Average Daily Volume0.1 Mil
    Days-to-Cover Short Interest1
    Basic Shares Quantity3.3 Mil
    Short % of Basic Shares1.2%

    Returns Analyses

    Earnings Returns History

    Updated 8/25/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/23/2026-0.3%8.5%13.7%
    4/23/20261.2%0.2%-3.2%
    1/27/2026-0.4%10.6%6.0%
    10/23/20252.6%2.1%5.3%
    7/24/2025-0.9%-7.5%-2.7%
    4/24/2025-5.4%-1.0%-4.4%
    1/28/20250.3%4.0%6.7%
    10/29/20241.7%7.1%18.3%
    ...
    SUMMARY STATS   
    # Positive161415
    # Negative8109
    Median Positive1.5%3.9%10.3%
    Median Negative-0.5%-1.5%-4.3%
    Max Positive5.1%11.1%26.5%
    Max Negative-5.4%-7.5%-6.3%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/23/2026-0.3%8.5%13.7%
    4/23/20261.2%0.2%-3.2%
    1/27/2026-0.4%10.6%6.0%
    10/23/20252.6%2.1%5.3%
    7/24/2025-0.9%-7.5%-2.7%
    4/24/2025-5.4%-1.0%-4.4%
    1/28/20250.3%4.0%6.7%
    10/29/20241.7%7.1%18.3%
    7/24/20245.1%11.1%3.7%
    4/19/20244.7%4.2%20.1%
    1/24/20241.7%-3.9%-5.6%
    10/26/20231.1%3.8%10.3%
    7/26/20231.1%-0.8%-5.1%
    4/26/20230.3%-3.4%-2.1%
    1/24/2023-0.7%2.9%0.9%
    10/27/20220.2%-7.3%-3.0%
    7/21/20220.8%0.8%10.6%
    4/21/2022-0.2%-0.1%0.2%
    1/25/2022-0.4%-1.1%-4.3%
    10/21/20210.2%-2.0%-6.3%
    7/22/20212.2%2.6%5.1%
    4/22/20212.3%3.2%23.7%
    1/27/20213.4%-0.1%11.2%
    10/27/2020-1.1%4.1%26.5%
    SUMMARY STATS   
    # Positive161415
    # Negative8109
    Median Positive1.5%3.9%10.3%
    Median Negative-0.5%-1.5%-4.3%
    Max Positive5.1%11.1%26.5%
    Max Negative-5.4%-7.5%-6.3%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/10/202610-Q
    03/31/202605/11/202610-Q
    12/31/202503/03/202610-K
    09/30/202511/04/202510-Q
    06/30/202508/11/202510-Q
    03/31/202505/06/202510-Q
    12/31/202402/27/202510-K
    09/30/202411/04/202410-Q
    06/30/202408/02/202410-Q
    03/31/202405/07/202410-Q
    12/31/202302/27/202410-K
    09/30/202311/07/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/05/202310-Q
    12/31/202202/28/202310-K
    09/30/202211/08/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/10/202610-Q
    03/31/202605/11/202610-Q
    12/31/202503/03/202610-K
    09/30/202511/04/202510-Q
    06/30/202508/11/202510-Q
    03/31/202505/06/202510-Q
    12/31/202402/27/202510-K
    09/30/202411/04/202410-Q
    06/30/202408/02/202410-Q
    03/31/202405/07/202410-Q
    12/31/202302/27/202410-K
    09/30/202311/07/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/05/202310-Q
    12/31/202202/28/202310-K
    09/30/202211/08/202210-Q
    06/30/202208/01/202210-Q
    03/31/202205/06/202210-Q
    12/31/202103/01/202210-K
    09/30/202111/02/202110-Q
    06/30/202108/03/202110-Q
    03/31/202105/04/202110-Q
    12/31/202003/03/202110-K
    09/30/202011/04/202010-Q
    06/30/202008/05/202010-Q
    03/31/202005/08/202010-Q
    12/31/201903/03/202010-K
    09/30/201911/07/201910-Q

    Recent Forward Guidance

    Updated 7/27/2026

    Latest: Q2 2026 Earnings Reported 7/23/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 Share RepurchasesReported 5.00 Mil 0 AffirmedGuidance: 5.00 Mil for 2026


    Prior: Q1 2026 Earnings Reported 4/23/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 Share RepurchasesReported 5.00 Mil 0 AffirmedGuidance: 5.00 Mil for 2026

    Insider Activity

    Updated 9/8/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Dillon, Larry GEXECUTIVE CHAIRMANDirectSell908202695.071,00095,0703,142,824Form
    2Dillon, Larry GEXECUTIVE CHAIRMANDirectSell820202686.001,00086,0002,928,988Form
    3Peay, D AnthonyDirectSell807202685.9242536,516158,952Form
    4Cherry, Thomas FPRESIDENT & CEODirectSell807202687.1350043,5653,386,656Form
    5Seaman, John A IiiEVP, CHIEF CREDIT OFFICERDirectSell804202684.6165054,996391,914Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Dillon, Larry GEXECUTIVE CHAIRMANDirectSell908202695.071,00095,0703,142,824Form
    2Dillon, Larry GEXECUTIVE CHAIRMANDirectSell820202686.001,00086,0002,928,988Form
    3Peay, D AnthonyDirectSell807202685.9242536,516158,952Form
    4Cherry, Thomas FPRESIDENT & CEODirectSell807202687.1350043,5653,386,656Form
    5Seaman, John A IiiEVP, CHIEF CREDIT OFFICERDirectSell804202684.6165054,996391,914Form
    6Cherry, Thomas FPRESIDENT & CEODirectSell615202677.5014110,9283,051,098Form
    7Cherry, Thomas FPRESIDENT & CEODirectSell615202678.50302,3553,101,535Form
    8Long, Jason EEVP, CHIEF FINANCIAL OFFICERDirectSell609202675.501,360102,680761,266Form
    9Cherry, Thomas FPRESIDENT & CEODirectSell528202675.0050037,5003,027,675Form
    10Kelley, Elizabeth RDirectSell513202673.001,02574,825293,606Form
    11Cherry, Thomas FPRESIDENT & CEODirectSell302202678.25118613,344,483Form

    Industry Resources

    External Quote Links


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    Core Cache Last Updated: 9/20/2026