C&F Financial Corporation (CFFI) investor relations material

Executive summary

• Net income for Q1 2026 was $6.8 million, up from $5.4 million in Q1 2025, with EPS rising to $2.08 from $1.66 year-over-year.

• Maintained strong asset quality, capital ratios, and a diversified deposit base, supporting stable funding and growth.

• Growth in community and mortgage banking segments offset lower consumer finance earnings.

• Continued execution of long-term strategy, focusing on value creation, risk management, and community engagement.

• Loan and deposit growth, higher net interest margin, and a 58% jump in mortgage originations contributed to strong results.

Financial highlights

• Total assets reached $2.81 billion, total loans $2.04 billion, and total deposits $2.40 billion as of March 31, 2026.

• Net interest income for Q1 2026 was $27.7 million, up from $25.0 million in Q1 2025.

• Noninterest income for Q1 2026 was $8.6 million, compared to $7.6 million in Q1 2025.

• Tangible book value per share increased to $73.70, up from $64.39 a year earlier; book value per share was $81.73 at March 31, 2026.

• Quarterly dividend per share was $1.64, with no share repurchases in Q1 2026; dividend payout ratio was 23.1%.

Outlook and guidance

• Management remains focused on organic and non-organic growth, maintaining strong capital for future opportunities.

• Strategic initiatives emphasize performance, technology, risk management, and cross-company collaboration.

• Management remains cautious due to economic risks from geopolitical tensions and interest rate volatility.

• Prepared to adapt quickly to changing conditions, with focus on maintaining strong capital and liquidity.