C&F Financial Corporation Announces Net Income for 2025

Core Viewpoint C&F Financial Corporation demonstrated strong financial performance in 2025, with significant growth in net income driven by a diversified business model and strategic initiatives across various segments, including community banking, mortgage banking, and consumer finance. Financial Performance Highlights - Consolidated net income for Q4 2025 was $6.7 million, up from $6.0 million in Q4 2024, and for the year ended December 31, 2025, it was $27.0 million compared to $19.9 million in 2024 [1] - Earnings per share increased to $2.07 for Q4 2025 from $1.87 in Q4 2024, and for the year, it rose to $8.29 from $6.01 [1] - Annualized return on average assets improved to 0.97% in Q4 2025 from 0.94% in Q4 2024, and for the year, it increased to 1.01% from 0.80% [1] Segment Performance Community Banking Segment - Loans grew by $45.3 million (11.7% annualized) in Q4 2025 and $136.7 million (9.4%) compared to Q4 2024 [3] - Net income for the community banking segment was $7.3 million for Q4 2025, up from $6.4 million in Q4 2024, and $27.2 million for the year, compared to $20.3 million in 2024 [4] - Average loans increased by $121.6 million (8.5%) for Q4 2025 and $138.4 million (10.0%) for the year [4] Consumer Finance Segment - Net income for the consumer finance segment was $233,000 for Q4 2025, down from $272,000 in Q4 2024, and $1.2 million for the year, compared to $1.4 million in 2024 [11] - Average loans decreased by $9.5 million (2.0%) for Q4 2025 and $12.3 million (2.6%) for the year [13] - The segment experienced net charge-offs at an annualized rate of 2.86% for Q4 2025, compared to 3.40% in Q4 2024 [7] Mortgage Banking Segment - Loan originations increased by $55.5 million (42.6%) for Q4 2025 and $152.5 million (28.9%) for the year [7][8] - Net income for the mortgage banking segment was $250,000 for Q4 2025, up from $87,000 in Q4 2024, and $2.3 million for the year, compared to $1.1 million in 2024 [8] Liquidity and Capital Management - As of December 31, 2025, uninsured deposits were approximately $710.4 million, or 30.3% of total deposits [15] - Total equity increased by $35.4 million compared to December 31, 2024, primarily due to net income and lower unrealized losses in securities [19] - C&F Bank was categorized as well capitalized under regulatory standards, exceeding required capital ratios [21] Dividends and Share Repurchase - The Corporation declared cash dividends totaling $1.84 per share for the year ended December 31, 2025, with a payout ratio of 22.2% [18] - No share repurchases were made under the 2025 Repurchase Program, but a new program was authorized for 2026 [22]