C&F Financial (CFFI) - 2024 Q1 - Quarterly Results

Key highlights for the first quarter of 2024 are as follows. ● higher interest expense due primarily to higher rates on deposits and higher balances of interestbearing deposits; and ● higher salaries and employee benefits expense, which have generally increased in line with employment market conditions; partially offset by: ● higher interest income resulting from the effects of rising interest rates on asset yields and higher average balances of loans, offset in part by lower average balances of securities. ...