C&F Financial Corporation (CFFI)

C&F Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	123.11	110.94	90.83	88.12	90.99	87.52
Interest Income on Investments	12.45	13.2	10.52	5.61	5.92	7.49
Total Interest Income	135.56	124.14	101.35	93.73	96.91	95.01
Interest Paid on Deposits	35.12	20.39	5.22	5.44	9.63	9.09
Interest Paid on Borrowings	4.82	6.04	2.67	2.92	3.75	5.46
Total Interest Expense	39.94	26.43	7.89	8.36	13.38	14.56
Net Interest Income	95.62	97.71	93.46	85.37	83.53	80.45
Net Interest Income Growth (YoY)	-4.14%	4.54%	9.48%	2.20%	3.82%	-1.31%
Trust Income	2.91	2.56	2.44	2.76	2.62	2.03
Mortgage Banking Activities	2.17	2.11	2.93	6.48	7.71	4.7
Gain (Loss) on Sale of Investments	-	-0.01	-	0.04	0.04	0.01
Other Non-Interest Income	16.34	14.84	12.26	14.66	11.96	10.18
Total Non-Interest Income	31.39	29.62	29.44	49.94	54.91	31.44
Non-Interest Income Growth (YoY)	-4.09%	0.59%	-41.05%	-9.05%	74.62%	19.25%
Revenues Before Loan Losses	127.01	127.32	122.9	135.31	138.44	111.9
Provision for Loan Losses	12.23	8.28	3.17	0.58	11.08	8.52
Revenue	114.78	119.05	119.73	134.73	127.36	103.38
Revenue Growth (YoY)	-8.10%	-0.57%	-11.13%	5.79%	23.19%	6.71%
Salaries and Employee Benefits	53.72	52.88	45.89	56.88	56.1	45.74
Selling, General & Administrative	26.36	25.16	25.62	26.23	11.75	11.16
Other Non-Interest Expense	11.61	11.84	11.02	13.43	26.77	21.85
Total Non-Interest Expense	91.69	89.88	82.54	96.54	94.63	78.74
EBT Excluding Unusual Items	23.1	29.16	37.19	38.19	32.73	24.64
Other Unusual Items	-	-	-	-	-2.2	-
Pretax Income	23.1	29.16	36.96	38.08	29.22	23.93
Income Tax Expense	4.12	5.42	7.6	8.96	6.8	5.08
Earnings From Continuing Operations	18.98	23.75	29.37	29.12	22.42	18.85
Minority Interest in Earnings	-0.11	-0.14	-0.21	-0.46	-0.31	0.01
Net Income	18.87	23.6	29.16	28.67	22.12	18.86
Net Income to Common	18.87	23.6	29.16	28.67	22.12	18.86
Net Income Growth	-34.60%	-19.05%	1.72%	29.62%	17.28%	4.66%
Basic Shares Outstanding	3	3	4	4	4	3
Diluted Shares Outstanding	3	3	4	4	4	3
Shares Change (YoY)	-3.03%	-2.99%	-2.41%	-1.22%	5.74%	-1.44%
EPS (Basic)	5.66	6.92	8.29	7.95	6.06	5.47
EPS (Diluted)	5.66	6.92	8.29	7.95	6.06	5.47
EPS Growth	-32.55%	-16.56%	4.23%	31.22%	10.91%	6.19%
Dividend Per Share	1.760	1.760	1.640	1.580	1.520	1.490
Dividend Growth	1.15%	7.32%	3.80%	3.95%	2.01%	5.67%
Effective Tax Rate	17.83%	18.58%	20.55%	23.53%	23.26%	21.24%

Source: S&P Capital IQ. Banks template. Financial Sources.