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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | $7.11 mln | ||
Q3 Basic EPS | $2.18 | ||
Q3 Dividend | $0.46 |
Press Release: ID:nGNX37pnRh
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(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.)