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CFFI — C&F Financial News Story

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C&F Financial Q3 net income jumps on growth in community banking loans

Overview

C&F Financial Corp Q3 net income rises 31.2% yr/yr to $7.1 mln

Company reports 8.4% annualized growth in community banking loans

C&F Financial expands into Southwest Virginia, boosting performance

Outlook

Company notes economic uncertainty but remains confident in growth strategy

Result Drivers

COMMUNITY BANKING GROWTH - Co reports 8.4% annualized growth in community banking loans, contributing to higher interest income

MORTGAGE LOAN ORIGINATIONS - Increase in mortgage loan originations boosts gains on sales and fee income

EXPANSION IMPACT - Expansion into Southwest Virginia yields promising results, enhancing overall performance

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Net Income$7.11 mln
Q3 Basic EPS$2.18
Q3 Dividend$0.46
Press Release: ID:nGNX37pnRh For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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