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Stock impact report

C&F Financial Corporation Announces Net Income for First Quarter [Yahoo! Finance]

C&F Financial Corporation (CFFI) 
Company Research Source: Yahoo! Finance
reported consolidated net income of $3.4 million for the first quarter of 2024, compared to $6.5 million for the first quarter of 2023. The following table presents selected financial performance highlights for the periods indicated: For The Quarter Ended Consolidated Financial Highlights (unaudited) Consolidated net income (000's) Earnings per share - basic and diluted Annualized return on average equity Annualized return on average tangible common equity Annualized return on average assets ________________________ For more information about these non-GAAP financial measures, which are not calculated in accordance with generally accepted accounting principles (GAAP), please see “Use of Certain Non-GAAP Financial Measures” and “Reconciliation of Certain Non-GAAP Financial Measures,” below. “Our net income continues to be affected by increases in deposit costs resulting from both a change in mix of deposits and the overall higher interest rate environment,” commente Show less Read more
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