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Stock impact report

C&F Financial Corp Reports Mixed Results Amid Banking Challenges [Yahoo! Finance]

C&F Financial Corporation (CFFI) 
Company Research Source: Yahoo! Finance
Earnings Per Share : Earnings per share were $6.92 for 2023, compared to $8.29 in 2022. Return on Assets and Equity : Return on average assets was 0.99% and return on average equity was 11.68% for 2023. Community Banking Segment : This segment reported net income of $22.9 million for 2023, showing resilience despite industry challenges. Mortgage Banking Segment : The segment faced a net loss of $103,000 in Q4 2023, but overall net income for the year was $465,000. Consumer Finance Segment : Reported net income of $618,000 for Q4 and $2.9 million for the year, reflecting a decrease from 2022 figures. Liquidity and Capital : The company maintains a strong liquidity position with liquid assets and borrowing availability exceeding uninsured deposits by $429.7 million as of December 31, 2023. Warning! GuruFocus has detected 2 Warning Sign with CFFI. On January 24, 2024, C&F Financial Corp ( NASDAQ:CFFI ) released its 8-K filing , announcing its financial results for the year Show less Read more
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