C&f Financial Corporation · NASDAQ:CFFI
C&f Financial — Q1 2026 Earnings Presentation
34 slides from C&f Financial's earnings presentation, Apr 30, 2026
Slide 1: C&F Financial Corporation First Quarter 2026 Investor Presentation
C&F Financial Corporation NASDAQ: CFFI First Quarter 2026 Investor Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Certain statements in this presentation may constitute “forward-looking statements” within the meaning of federal securities laws. These forward-looking statements are based on the beliefs of the Corporation’s management, as well as assumptions made by, and information cu
Slide 3: C&F has unique competitive advantages
C&F has unique competitive advantages… First Quarter 2026 Investor Presentation 3 Positioned to deliver substantial value creation A clear long-term strategy that we are executing effectively Consistent financial performance with sound risk management Proven leadership driving long-term shareholder
Slide 4: Well-positioned in Virginia with a clear growth strategy
…well-positioned in Virginia with a clear growth strategy First Quarter 2026 Investor Presentation 4 Company Overview C&F Branch Footprint in Virginia C&F at a Glance Preeminent Community Bank in Virginia C&F is a Virginia-based financial services company providing full-service banking, mortgage, we
Slide 5: Focused on Work
WORK FOCUSED ON We promise to focus on the needs and goals of those around us, because when they succeed, we all succeed iS Stent ee Ee Loh
Slide 6: Our Leadership
Our Leadership First Quarter 2026 Investor Presentation 6 Thomas F. Cherry President & CEO C&F Financial Corporation Years in Financial Industry: 35 Rodney W. Overby EVP & Chief Information Officer C&F Financial Corporation Years in Financial Industry: 45 John A. Seaman III EVP & Chief Credit Office
Slide 7: Strategic Initiatives & Opportunities
• Performance & Growth • Our People • Marketing & Brand Recognition • Community Engagement • Cross Company Collaboration • Efficiency and Technology • Risk Management Strategic Initiatives & Opportunities First Quarter 2026 Investor Presentation 7
Slide 8: Our Lines of Business
Our Lines of Business First Quarter 2026 Investor Presentation 8 31 Branches $2.40 billion Total Deposits Community Banking C&F Bank provides community banking services at its 31 banking offices and 5 commercial loan offices located throughout Virginia. These locations provide a wide range of bankin
Slide 9: Segments - Three Months Ended March 31, 2026
Segments First Quarter 2026 Investor Presentation 1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. Three Months Ended March 31, 2026 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance
Slide 10: Segments - Three Months Ended March 31, 2025
Segments First Quarter 2026 Investor Presentation Three Months Ended March 31, 2025 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 23,384 $ 339 $ 12,123 $ — $ 142 $ 35,988 Interest expense 10,381 — — 597 — 10,978 Net inter
Slide 11: Quarterly Trends
Quarterly Trends First Quarter 2026 Investor Presentation * Non-GAAP financial measure. For non-GAAP financial measures, see reconciliation to most directly comparable GAAP measures in “Appendix – Reconciliation of Non-GAAP Disclosures” Earnings per Share (EPS) ($) $1.66 $2.37 $2.18 $2.07 $2.08 Mar-
Slide 12: Earnings
Earnings First Quarter 2026 Investor Presentation Return on Average Equity (ROAE) (%) Earnings per Share (EPS) ($) Return on Average Assets (ROAA) (%) Return on Average Tangible Common Equity (ROATCE) * (%) * Non-GAAP financial measure. For non-GAAP financial measures, see reconciliation to most dir
Slide 13: Tangible Book Value, Dividends and Share Repurchases
Tangible Book Value First Quarter 2026 Investor Presentation Dividends per Share ($) * Non-GAAP financial measure. For non-GAAP financial measures, see reconciliation to most directly comparable GAAP measures in “Appendix – Reconciliation of Non-GAAP Disclosures” ** Annualized, year-to-date $1.64 $1
Slide 14: Balance Sheet
$1.60 $1.70 $1.88 $2.01 $2.04 2022 2023 2024 2025 Mar-26 Bank Finance $2.33 $2.44 $2.56 $2.77 $2.81 2022 2023 2024 2025 Mar-26 $2.00 $2.07 $2.17 $2.35 $2.40 2022 2023 2024 2025 Mar-26 Balance Sheet First Quarter 2026 Investor Presentation Deposits ($bil) Total Assets ($bil) 5.9% CAGR 5.7% CAGR 7.8%
Slide 15: Securities
Securities First Quarter 2026 Investor Presentation U.S. Treasury securities 1% U.S. Government Agencies and corporations 11% Mortgage-backed securities 47% Obligations of states and political subdivision 34% Corporate and other debt securities 7% The weighted average life and the total effective du
Slide 16: Loan Portfolio Trends
Loan Portfolio Trends First Quarter 2026 Investor Presentation CRE-Owner Occupied 6% CRE-Nonowner Occupied 36% AD&C 11% Residential Mortgage 15% Commercial Business 5% Equity Lines 3% Consumer Finance Auto 20% Consumer Finance Marine and RV 3% Other Consumer 1% Composition (% of Total Loans) (Mar-26
Slide 17: Loan Yields
Loan Yields First Quarter 2026 Investor Presentation Yield (%) 5.85 6.49 6.75 6.73 6.69 4.32 5.12 5.49 5.56 5.57 9.84 9.97 10.42 10.59 10.67 2022 2023 2024 2025 Mar-26 QTD Consolidated Bank Finance 17
Slide 18: Asset Quality
Asset Quality First Quarter 2026 Investor Presentation 0.01 0.03 0.02 0.19 0.19 0.07 0.07 0.13 0.22 0.20 2022 2023 2024 2025 Mar-26 Bank Finance 0.04 0.01 0.01 0.02 0.01 0.01 0.01 0.00 3.05 1.54 -0.14 0.59 1.99 2.62 2.59 2.98 2019 2020 2021 2022 2023 2024 2025 Mar-26* Bank Finance 1.25 1.26 1.20 1.1
Slide 19: Consumer Finance Loan Portfolio
Consumer Finance Loan Portfolio First Quarter 2026 Investor Presentation The consumer finance segment made a strategic decision over the past few years to focus on higher credit quality customers. * Refer to the Allowance for Credit Losses footnote in the Corporation’s Annual Report on Form 10-K for
Slide 20: Deposits
Deposits First Quarter 2026 Investor Presentation 0.23 0.60 0.82 0.98 1.02 0.76 2.79 4.10 3.65 3.39 0.26 1.02 1.80 1.75 1.69 2022 2023 2024 2025 Mar-26 QTD Savings and interest bearing Time Total Deposits 30% 27% 24% 23% 24% 51% 41% 38% 39% 38% 19% 32% 38% 38% 38% $2.00 $2.07 $2.17 $2.35 $2.40 2022
Slide 21: Deposit Trends
1.90% 1.85% 1.81% 1.72% 1.73% 1.73% 1.69% 0.0% 4.6% 8.9% 18.4% 15.9% 11.9% 12.2% Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Total Deposits Cost of Deposits Cumulative Deposit Beta Deposit Trends First Quarter 2026 Investor Presentation 2.54% 2.48% 2.41% 2.30% 2.29% 2.27% 2.21% 0.0% 5.8% 12.8%
Slide 22: Granular Deposit Base
Granular Deposit Base First Quarter 2026 Investor Presentation 70% 6% 24% Insured Uninsured, secured Public Funds All other uninsured 22 Total Deposits $2.40 Billion As of 3/31/26 A strength of our franchise is our well diversified deposit base… …with limited concentration and granular customer base
Slide 23: Capital – Bank
Capital – Bank First Quarter 2026 Investor Presentation 13.6% 13.4% 6.5% 4.5% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 2025 Mar-26 CET 1 Risk-based Capital Ratio 11.1% 11.1% 5.0% 4.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 2025 Mar-26 Tier 1 Leverage Ratio 14.8% 14.7% 10% 8% 0.0% 2.0% 4.0% 6.0
Slide 24: Capital – Corporation
8.59% 8.59% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 2025 Mar-26 TCE Ratio Capital – Corporation First Quarter 2026 Investor Presentation 10.0% 10.1% 4.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 2025 Mar-26 Tier 1 Leverage Ratio 11.0% 11.0% 4.5% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 2025 Mar-26 CET 1 Risk-b
Slide 25: NIM, Yields, and Costs
5.85 6.49 6.75 6.73 6.69 1.96 2.37 2.65 3.11 3.42 0.38 1.43 2.42 2.32 2.21 4.27 4.31 4.12 4.21 4.27 2022 2023 2024 2025 Mar-26 QTD Yield on Loans Yield on securities Cost of Interest Bearing Deposits NIM NIM, Yields, and Costs (%) Net Interest Income and Net Interest Margin (NIM) Trends First Quarte
Slide 26: Noninterest Income Trends
Noninterest Income Trends First Quarter 2026 Investor Presentation 21% 21% 20% 18% 19% 18% 20% 20% 20% 18% 20% 18% 41% 34% 34% 40% 39% 49% 8% 9% 10% 9% 10% 9% 9% 17% 16% 15% 12% 5% $29,212 $29,615 $30,538 $34,631 $7,573 $8,550 2022 2023 2024 2025 Mar-25 YTD Mar-26 YTD Interchange income Service char
Slide 27: Funding Sources
Funding Sources First Quarter 2026 Investor Presentation * The Corporation may rely on brokered deposits on a limited basis as a means of maintaining and diversifying liquidity and funding sources. Internal policy limits brokered deposits to 20 percent of total deposits. Available Used Net Availabil
Slide 28: Financial Summary – Balance Sheet
Financial Summary – Balance Sheet First Quarter 2026 Investor Presentation 28 As of March 31, December 31, September 30, June 30, March 31, ($ thousands) 2026 2025 2025 2025 2025 Balance Sheet Interest-bearing deposits in other banks $ 62,141 $ 65,510 $ 80,843 $ 62,289 $ 62,490 Securities - availabl
Slide 29: Financial Summary – Income Statement
Financial Summary – Income Statement First Quarter 2026 Investor Presentation 29 For the Three Months Ended March 31, December 31, September 30, June 30, March 31, ($ thousands, except per share data) 2026 2025 2025 2025 2025 Income Statement Interest income: $ 34,715 $ 34,842 $ 34,683 $ 33,716 $ 32
Slide 30: Financial Summary – Income Statement (Noninterest)
Financial Summary – Income Statement First Quarter 2026 Investor Presentation 30 For the Three Months Ended March 31, December 31, September 30, June 30, March 31, ($ thousands, except per share data) 2026 2025 2025 2025 2025 Income Statement Noninterest income: Gain on sales of loans 2,545 1,778 1,
Slide 31: Financial Summary – Ratios
Financial Summary – Ratios First Quarter 2026 Investor Presentation 31 As of or For the Three Months Ended March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 Balance Sheet Metrics Loans/Deposits 86.5% 87.6% 87.4% 88.3% 87.7% Tangible common equity/tangible assets 8.59%
Slide 32: At C&F, we believe in hard work and in supporting one another
At C&F, we believe in hard work and in supporting one another. We believe that when we put people first, we all grow and move toward our goals. We believe expertise is important, but so are people — because when we focus on them, everything else falls into place. We’re here to help our communities,
Slide 33: Reconciliation of Non-GAAP Disclosures
Reconciliation of Non-GAAP Disclosures First Quarter 2026 Investor Presentation 33 For the Year Ended For the Three Months Ended ($ thousands) 2022 2023 2024 2025 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Return on Average Tangible Common Equity Average total equity, as reported $ 197,876 $ 203,261 $ 220,8
Slide 34: Reconciliation of Non-GAAP Disclosures
Reconciliation of Non-GAAP Disclosures First Quarter 2026 Investor Presentation 34 As of ($ thousands) Dec-22 Dec-23 Dec-24 Dec-25 Mar-25 Jun-25 Sep-25 Mar-26 Tangible Common Equity (TCE) / Tangible Assets (TA) Total equity, as reported $ 196,233 $ 217,516 $ 226,970 $ 262,348 $ 235,271 $ 240,916 $ 2