Overview
* C&F Financial Corp ( CFFI ) 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 ( CFFI ) 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/Mis Actual Consensu
s s
Estimate
Q3 Net $7.11
Income mln
Q3 Basic $2.18
EPS
Q3 $0.46
Dividend
Press Release:
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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.)