CFFI

MKT CAP:$247M

C&F Financial Corporation

Market Cap

$247M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$74.59+$3.89 (+5.50%)

Apr 23, 2026

Company Details

C&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 sa...

CEO

Thomas F. Cherry

IPO Date

May 7, 1998

Website

www.cffc.com

Key Metrics TTM

Revenue

$180M

+5.9% YoY

Net Income

$28M

EPS (Diluted)

$8.71

Free Cash Flow

$22M

Revenue / Share

$55.49

Gross Margin

54.5%

Operating Margin

14.7%

Net Margin

15.7%

FCF Margin

12.1%

P/S

1.4x

P/E

8.7x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$39M-8.3%EPS $2.08

FY 2025

Mar 3, 2026

$186M+11.8%EPS $8.29

Q4 2025

Mar 3, 2026

$48M+12.3%EPS $2.07

Q3 2025

Nov 4, 2025

$47M+6.3%EPS $2.19

Q2 2025

Aug 11, 2025

$47M+13.6%EPS $2.37

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 20	$35M	$28M	$5M
Q2 22	$29M	$27M	$9M
Q3 22	$32M	$29M	$8M
Q4 22	$35M	$31M	$13M
Q1 23	$37M	$30M	$8M
Q3 23	$37M	$28M	$7M
Q4 23	$40M	$29M	$6M
Q1 24	$39M	$26M	$4M
Q2 24	$41M	$28M	$6M
Q3 24	$44M	$29M	$7M
Q4 24	$42M	$28M	$7M
Q1 25	$43M	$29M	$7M
Q2 25	$47M	$34M	$10M
Q3 25	$47M	$32M	$9M
Q4 25	$48M	$32M	$8M
Q1 26	$39M	$0	$0

Valuation

Quarter	P/S	P/E
Q2 20	1.9x	13.1x
Q2 22	1.9x	12.5x
Q3 22	1.9x	11.6x
Q4 22	1.9x	9.0x
Q1 23	1.9x	8.2x
Q3 23	1.8x	8.5x
Q4 23	1.7x	8.9x
Q1 24	1.6x	11.9x
Q2 24	1.6x	12.8x
Q3 24	1.5x	13.1x
Q4 24	1.5x	12.4x
Q1 25	1.4x	11.3x
Q2 25	1.4x	10.1x
Q3 25	1.4x	9.4x
Q4 25	1.3x	9.2x
Q1 26	1.4x	8.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	$9M	$8M
Q2 20	-$45M	-$47M
Q2 22	$8M	$8M
Q3 22	$20M	$19M
Q4 22	$22M	$21M
Q1 23	$165.0K	-$350.0K
Q3 23	$23M	$22M
Q4 23	$17M	$17M
Q1 24	$895.0K	$410.0K
Q2 24	$2M	$1M
Q3 24	$404.0K	-$2M
Q4 24	$35M	$35M
Q1 25	$3M	$3M
Q2 25	-$4M	-$5M
Q3 25	$23M	$23M
Q4 25	$2M	$1M

Capital Expenditures

Quarter	CapEx
Q4 19	$705.0K
Q2 20	$2M
Q2 22	$193.0K
Q3 22	$964.0K
Q4 22	$1M
Q1 23	$515.0K
Q3 23	$409.0K
Q4 23	$440.0K
Q1 24	$485.0K
Q2 24	$539.0K
Q3 24	$2M
Q4 24	$430.0K
Q1 25	$267.0K
Q2 25	$566.0K
Q3 25	$740.0K
Q4 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	+15.2%	+18.0%
Q2 22	-8.2%	-15.5%
Q3 22	-0.7%	-8.1%
Q4 22	+8.3%	-17.3%
Q1 23	+5.6%	-4.4%
Q3 23	+24.9%	+42.8%
Q4 23	+26.3%	+43.9%
Q1 24	+12.7%	+59.5%
Q2 24	+12.7%	+22.2%
Q3 24	+19.2%	+25.2%
Q4 24	+5.1%	+3.0%
Q1 25	+8.3%	+2.1%
Q2 25	+13.6%	+6.3%
Q3 25	+6.3%	+1.6%
Q4 25	+12.3%	+12.4%
Q1 26	-8.3%	+8.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$393.0K	1.2%
Q2 20	$312.0K	0.9%
Q2 22	$497.0K	1.7%
Q3 22	$524.0K	1.6%
Q4 22	$441.0K	1.3%
Q1 23	$474.0K	1.3%
Q3 23	$581.0K	1.6%
Q4 23	$486.0K	1.2%
Q1 24	$510.0K	1.3%
Q2 24	$463.0K	1.1%
Q3 24	$485.0K	1.1%
Q4 24	$465.0K	1.1%
Q1 25	$461.0K	1.1%
Q2 25	$455.0K	1.0%
Q3 25	$444.0K	1.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 20	$14M	$348.0K
Q2 22	$11M	$506.0K
Q3 22	$12M	$441.0K
Q4 22	$13M	$390.0K
Q1 23	$14M	$401.0K
Q3 23	$13M	$361.0K
Q4 23	$14M	$376.0K
Q1 24	$15M	$168.0K
Q2 24	$14M	$316.0K
Q3 24	$14M	$460.0K
Q4 24	$13M	$269.0K
Q1 25	$14M	$529.0K
Q2 25	$15M	$549.0K
Q3 25	$15M	$660.0K
Q4 25	$14M	—
Q1 26	$917.0K	$547.0K

Revenue Segments

Quarter	Community Banking	Consumer Finance.	Mortgage Banking	Other
Q2 22	$20M	$7M	$4M	-$3M
Q3 22	$21M	$7M	$3M	-$1M
Q4 22	$27M	$6M	$2M	$348.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$139M	$502M	$641M
Q3 22	$99M	$500M	$599M
Q4 22	$27M	$513M	$539M
Q1 23	$84M	$514M	$598M
Q2 23	$59M	$491M	$550M
Q3 23	$71M	$461M	$531M
Q4 23	$75M	$462M	$538M
Q1 24	$55M	$430M	$486M
Q2 24	$45M	$405M	$449M
Q3 24	$49M	$409M	$458M
Q4 24	$66M	$66M	$132M
Q1 25	$76M	$239M	$315M
Q2 25	$80M	$293M	$374M
Q3 25	$96M	$226M	$322M
Q4 25	$14M	$458M	$472M
Q1 26	$79M	$477M	$556M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 20	4M	+6.5%	+4.7%
Q2 22	4M	-3.1%	+2.1%
Q3 22	4M	-0.7%	+2.4%
Q4 22	3M	-1.0%	+1.5%
Q1 23	3M	-0.3%	-5.0%
Q3 23	3M	-2.1%	-4.0%
Q4 23	3M	-0.7%	-4.1%
Q1 24	3M	+0.1%	-3.0%
Q2 24	3M	-0.8%	-3.5%
Q3 24	3M	-2.5%	-3.9%
Q4 24	3M	-1.0%	-4.2%
Q1 25	3M	+0.2%	-4.0%
Q2 25	3M	+0.1%	-3.1%
Q3 25	3M	-0.0%	-0.6%
Q4 25	3M	-0.0%	+0.3%
Q1 26	3M	+0.3%	+0.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 20	$53.9K	643
Q2 22	$45.3K	650
Q3 22	$49.2K	650
Q4 22	$57.0K	613
Q1 23	$59.7K	613
Q3 23	$60.0K	613
Q4 23	$68.0K	594
Q1 24	$66.3K	594
Q2 24	$69.4K	594
Q3 24	$73.8K	594
Q4 24	$77.9K	545
Q1 25	$78.3K	545
Q2 25	$85.9K	545
Q3 25	$85.5K	545
Q4 25	$82.9K	575
Q1 26	$68.1K	575

Revenue / Employee