C&f Financial Corporation · NASDAQ:CFFI
C&f Financial — Q2 2026 Earnings Presentation
36 slides from C&f Financial's earnings presentation, Jul 23, 2026
Slide 1: C&F Financial Corporation Second Quarter 2026 Investor Presentation
C&F Financial Corporation NASDAQ: CFFI Second 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 Second 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: Strategic Initiatives & Opportunities
• Performance & Growth • Our People • Marketing & Brand Recognition • Community Engagement • Cross Company Collaboration • Efficiency and Technology • Risk Management Strategic Initiatives & Opportunities Second Quarter 2026 Investor Presentation 4
Slide 5: Focused On
2026 FOCUSED ON We promise to focus on the needs and goals of those around us, because when they succeed, we all succeed "4 Stenrily
Slide 6: Our Leadership
Our Leadership Second 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 Offic
Slide 7: Our Lines of Business
Our Lines of Business Second Quarter 2026 Investor Presentation 7 Community Banking $2.37 billion Total Deposits 32 Branches • 32 banking offices and 6 commercial loan offices in Virginia • Provides a wide range of banking services to individuals and businesses • Opened new commercial loan offices i
Slide 8: We are well-positioned in Virginia with a clear growth strategy
We are well-positioned in Virginia with a clear growth strategy Second Quarter 2026 Investor Presentation 8 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, mortg
Slide 9: Segments – June 30, 2026 QTD
Segments – June 30, 2026 QTD Second Quarter 2026 Investor Presentation 1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 9 Three Months Ended June 30, 2026 Community Mortgage Consumer (Dollars in thousands) Ba
Slide 10: Segments – June 30, 2025 QTD
Segments – June 30, 2025 QTD Second Quarter 2026 Investor Presentation 1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 10 Three Months Ended June 30, 2025 Community Mortgage Consumer (Dollars in thousands) B
Slide 11: Segments – June 30, 2026 YTD
Segments – June 30, 2026 YTD Second Quarter 2026 Investor Presentation 1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 11 Six Months Ended June 30, 2026 Community Mortgage Consumer (Dollars in thousands) Ban
Slide 12: Segments – June 30, 2025 YTD
Segments – June 30, 2025 YTD Second Quarter 2026 Investor Presentation 1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 12 Six Months Ended June 30, 2025 Community Mortgage Consumer (Dollars in thousands) Ban
Slide 13: Quarterly Trends
Quarterly Trends Second 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) ($) $2.37 $2.18 $2.07 $2.08 $2.63 Adj
Slide 14: Earnings
Earnings Second Quarter 2026 Investor Presentation Return on Average Equity (ROAE) (%) Earnings per Share (EPS) ($) 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 di
Slide 15: Shareholder Value Creation
Shareholder Value Creation Second 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
Slide 16: Balance Sheet
$1.60 $1.70 $1.88 $2.01 $2.07 2022 2023 2024 2025 Jun-26 Bank Finance $2.33 $2.44 $2.56 $2.77 $2.81 2022 2023 2024 2025 Jun-26 $2.00 $2.07 $2.17 $2.35 $2.37 2022 2023 2024 2025 Jun-26 Balance Sheet Second Quarter 2026 Investor Presentation Deposits ($ bil) Total Assets ($ bil) 5.5% CAGR 4.9% CAGR 7.
Slide 17: Securities
Securities Second Quarter 2026 Investor Presentation U.S. Treasury securities 1% U.S. Government Agencies and corporations 5% Mortgage-backed securities 53% Obligations of states and political subdivision 34% Corporate and other debt securities 7% Composition (% of Total Securities) (Jun-26) Yield (
Slide 18: Loan Portfolio Trends
Loan Portfolio Trends Second Quarter 2026 Investor Presentation CRE-Owner Occupied 6% CRE-Nonowner Occupied 37% AD&C 10% Residential Mortgage 15% Commercial Business 6% Equity Lines 4% Consumer Finance Auto 19% Consumer Finance Marine and RV 2% Other Consumer 1% Composition (% of Total Loans) (Jun-2
Slide 19: Loan Yields
Loan Yields Second Quarter 2026 Investor Presentation Yield (%) 5.85 6.49 6.75 6.73 6.69 6.68 4.32 5.12 5.49 5.56 5.57 5.61 9.84 9.97 10.42 10.59 10.67 10.55 2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD Consolidated Bank Finance 19
Slide 20: Asset Quality
Asset Quality Second Quarter 2026 Investor Presentation 0.01 0.03 0.020.19 0.07 0.07 0.07 0.19 0.13 0.22 0.20 0.14 2022 2023 2024 2025 Mar-26 Jun-26 Bank Finance 0.04 0.010.01 0.02 0.01 0.01 0.01 0.00 0.01 3.05 1.54 -0.14 0.59 1.99 2.62 2.59 2.98 2.60 2019 2020 2021 2022 2023 2024 2025 Mar-26* Jun-2
Slide 21: Consumer Finance Loan Portfolio
Consumer Finance Loan Portfolio Second 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 fo
Slide 22: Deposits
Deposits Second Quarter 2026 Investor Presentation 0.23 0.60 0.82 0.98 1.02 1.00 0.76 2.79 4.10 3.65 3.39 3.28 0.26 1.02 1.80 1.75 1.69 1.64 2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD Savings and interest bearing Time Total Deposits 30% 27% 24% 23% 24% 51% 41% 38% 39% 37% 19% 32% 38% 38% 39% $2.00 $2
Slide 23: Deposit Trends
1.90% 1.85% 1.81% 1.72% 1.73% 1.73% 1.69% 1.64% 0.0% 4.6% 8.9% 18.4% 15.9% 11.9% 12.2% 14.6% Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Total Deposits Cost of Deposits Cumulative Deposit Beta Deposit Trends Second Quarter 2026 Investor Presentation 2.54% 2.48% 2.41% 2.30% 2.29% 2.27% 2.
Slide 24: Granular Deposit Base
Granular Deposit Base Second Quarter 2026 Investor Presentation 70% 6% 24% Insured Uninsured, secured Public Funds All other uninsured Consumer De p o sits, $1.4 billion Commercial Deposits, $ 9 5 0 mill oi n 24 Total Deposits $2.37 Billion As of 6/30/26 A strength of our franchise is our well diver
Slide 25: Strong Capital Position
7.32% 7.89% 7.89% 8.59% 9.04% 0.00% 4.00% 8.00% 12.00% 16.00% 2022 2023 2024 2025 Jun-26 TCE Ratio Strong Capital Position Second Quarter 2026 Investor Presentation 9.9% 9.9% 10.1%10.3% 9.8% 10.1% 10.0% 10.3% 11.1% 11.2% 0.0% 4.0% 8.0% 12.0% 16.0% 2022 2023 2024 2025 Jun-26 Tier 1 Leverage Ratio Cor
Slide 26: Net Interest Income and Net Interest Margin Trends
5.85 6.49 6.75 6.73 6.69 6.68 1.96 2.37 2.65 3.11 3.42 3.79 0.38 1.43 2.42 2.32 2.21 2.16 4.27 4.31 4.12 4.21 4.27 4.41 2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD Yield on Loans Yield on securities Cost of Interest Bearing Deposits NIM NIM, Yields, and Costs (%) Net Interest Income and Net Interest M
Slide 27: Noninterest Income Trends
Noninterest Income Trends Second Quarter 2026 Investor Presentation 21% 21% 20% 18% 18% 16% 20% 20% 20% 18% 18% 15% 41% 34% 34% 40% 41% 42% 8% 9% 10% 9% 9% 8% 10% 16% 16% 15% 14% 19% $29,212 $29,615 $30,538 $34,631 $17,421 $20,326 2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD Interchange income Service
Slide 28: Funding Sources
Funding Sources Second Quarter 2026 Investor Presentation * The Corporation may rely on brokered deposits on a limited basis as a means of maintaining and diversifying liquidity and funding sources. Internal policy limits brokered deposits to 20 percent of total deposits. June 30, 2026 ($ in thousan
Slide 29: Financial Summary – Balance Sheet
Financial Summary – Balance Sheet Second Quarter 2026 Investor Presentation 29 As of June 30, March 31, December 31, September 30, June 30, ($ thousands) 2026 2026 2025 2025 2025 Balance Sheet Interest-bearing deposits in other banks $ 42,739 $ 62,141 $ 65,510 $ 80,843 $ 62,289 Securities - availabl
Slide 30: Financial Summary – Income Statement
Financial Summary – Income Statement Second Quarter 2026 Investor Presentation 30 As of or For the Three Months Ended June 30, March 31, December 31, September 30, June 30, ($ thousands, except per share data) 2026 2026 2025 2025 2025 Income Statement Interest income: Interest and fees on loans $ 35
Slide 31: Financial Summary – Income Statement
Financial Summary – Income Statement Second Quarter 2026 Investor Presentation 31 As of or For the Three Months Ended June 30, March 31, December 31, September 30, June 30, ($ thousands, except per share data) 2026 2026 2025 2025 2025 Income Statement Noninterest income: Gain on sales of loans 2,436
Slide 32: Financial Summary – Ratios
Financial Summary – Ratios Second Quarter 2026 Investor Presentation 32 As of or For the Three Months Ended June 30, March 31, December 31, September 30, June 30, 2026 2026 2025 2025 2025 Balance Sheet Metrics Loans/Deposits 89.5% 87.2% 87.6% 87.4% 88.5% Tangible common equity/tangible assets 9.04%
Slide 33: At C&F, we believe in hard work and in supporting one another. We believe
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 34: Reconciliation of Non-GAAP Disclosures
Reconciliation of Non-GAAP Disclosures Second Quarter 2026 Investor Presentation 34 For the Year Ended For the Three Months Ended For the Six Months Ended ($ thousands) 2022 2023 2024 2025 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Jun-25 Jun-26 Adjusted Net Income and Adjusted Earnings Per Share Net income
Slide 35: Reconciliation of Non-GAAP Disclosures
Reconciliation of Non-GAAP Disclosures Second Quarter 2026 Investor Presentation 35 For the Year Ended For the Three Months Ended For the Six Months Ended ($ thousands) 2022 2023 2024 2025 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Jun-25 Jun-26 Return on Average Tangible Common Equity Average total equity,
Slide 36: Reconciliation of Non-GAAP Disclosures
Reconciliation of Non-GAAP Disclosures Second Quarter 2026 Investor Presentation 36 As of ($ thousands) Dec-22 Dec-23 Dec-24 Dec-25 Jun-25 Sep-25 Mar-26 Jun-26 Tangible Common Equity (TCE) / Tangible Assets (TA) Total equity, as reported $ 196,233 $ 217,516 $ 226,970 $ 262,348 $ 240,916 $ 253,887 $