C&f Financial Corporation · NASDAQ:CFFI
C&f Financial — Q2 2026 Earnings Presentation
36 slides from C&f Financial's earnings presentation, June 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: Cautionary Statements
Second Quarter 2026 Investor Presentation Cautionary 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’
Slide 3: C&F has unique competitive advantages
Second Quarter 2026 Investor Presentation C&F has unique competitive advantages A clear Consistent Proven Positioned to long-term financial leadership deliver strategy performance with driving long-term substantial value that we are sound risk shareholder creation executing management value effectiv
Slide 4: Strategic Initiatives & Opportunities
Second Quarter 2026 Investor Presentation Strategic Initiatives & Opportunities • Performance & Growth • Our People • Marketing & Brand Recognition • Community Engagement • Cross Company Collaboration • Efficiency and Technology • Risk Management 4
Slide 5: Top Workplaces
TOP WORK PLACES 20 Oe FOCUSED ON Lv We promise to focus on the needs and goals of those around us, because when they succeed, we all succeed
Slide 6: Our Leadership
Second Quarter 2026 Investor Presentation Our Leadership Thomas F. Cherry Jason E. Long Rodney W. Overby John A. Seaman III President & CEO EVP & CFO EVP & Chief Information Officer EVP & Chief Credit Officer C&F Financial Corporation C&F Financial Corporation C&F Financial Corporation C&F Bank Year
Slide 7: Our Lines of Business
Second Quarter 2026 Investor Presentation Our Lines of Business • 32 banking offices and 6 commercial loan offices in Virginia Community $2.37 billion 32 • Provides a wide range of banking services to individuals and businesses Banking Total Deposits Branches • Opened new commercial loan offices in
Slide 8: We are well-positioned in Virginia with a clear growth strategy
Second Quarter 2026 Investor Presentation We are well-positioned in Virginia with a clear growth strategy Company Overview C&F at a Glance C&F is a Virginia-based financial services company providing full-service banking, mortgage, wealth management, and finance solutions through a Size relationship
Slide 9: Segments – June 30, 2026 QTD
Second Quarter 2026 Investor Presentation Segments – June 30, 2026 QTD Three Months Ended June 30, 2026 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 27,215 $ 818 $ 12,086 $ — $ 232 $ 40,351 Interest expense 10,151 — — 1,
Slide 10: Segments – June 30, 2025 QTD
Second Quarter 2026 Investor Presentation Segments – June 30, 2025 QTD Three Months Ended June 30, 2025 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 24,378 $ 732 $ 12,144 $ — $ 153 $ 37,407 Interest expense 10,143 — — 75
Slide 11: Segments – June 30, 2026 YTD
Second Quarter 2026 Investor Presentation Segments – June 30, 2026 YTD Six Months Ended June 30, 2026 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 53,387 $ 1,358 $ 24,304 $ — $ 448 $ 79,497 Interest expense 20,486 — — 2,
Slide 12: Segments – June 30, 2025 YTD
Second Quarter 2026 Investor Presentation Segments – June 30, 2025 YTD Six Months Ended June 30, 2025 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 47,762 $ 1,071 $ 24,267 $ — $ 295 $ 73,395 Interest expense 20,524 — — 1,
Slide 13: Quarterly Trends
Second Quarter 2026 Investor Presentation Quarterly Trends Earnings per Share (EPS) Return on Average Assets (ROAA) ($) (%) $2.63 1.18 1.23 $2.37 1.06 $2.18 $2.07 $2.08 0.97 0.97 Adj EPS, Adj $2.40 ROAA, 1.13 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Net Interest Margin (
Slide 14: Earnings
Second Quarter 2026 Investor Presentation Earnings Earnings per Share (EPS) Return on Average Assets (ROAA) ($) (%) 1.27 $8.29 $8.29 1.10 $6.92 0.99 1.01 1.01 $6.01 0.80 Adj $4.71 ROAA, $4.03 1.05 Adj EPS, $4.48 2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD 2022 2023 2024 2025 Jun-25** Jun-26** Return o
Slide 15: Shareholder Value Creation
Second Quarter 2026 Investor Presentation Shareholder Value Creation Tangible Book Value per Share* Dividends per Share ($) ($) $1.92 $1.84 $77.45 $1.76 $1.76 14.3% CAGR $72.60 $1.64 $61.86 $56.40 $48.54 2022 2023 2024 2025 Jun-26** Share Repurchases ($ mil) $7.95 $7.51 $4.51 $0.62 $0.00 2022 2023 2
Slide 16: Balance Sheet
Second Quarter 2026 Investor Presentation Balance Sheet Total Assets Loans HFI Net ($ bil) ($ bil) 5.5% 7.8% CAGR $2.77 $2.81 CAGR $2.01 $2.07 $2.56 $1.88 $2.33 $2.44 $1.70 $1.60 2022 2023 2024 2025 Jun-26 2022 2023 2024 2025 Jun-26 Bank Finance Loan to Deposit Ratio Deposits (%) 88% 88% 90% ($ bil)
Slide 17: Securities
Second Quarter 2026 Investor Presentation Securities U.S. Treasury Composition securities Yield 1% (% of Total Securities) (Jun-26) U.S. (%) 3.79 Corporate and Government 3.42 other debt Agencies and 3.11 securities corporations 2.65 7% 5% 2.37 1.96 Obligations of states and political subdivision Mo
Slide 18: Loan Portfolio Trends
Second Quarter 2026 Investor Presentation Loan Portfolio Trends Composition Other Consumer Commercial & Construction Commercial Concentrations (% of Total Loans) (Jun-26) 1% ($ mil) Amount % of CRE % of Total Consumer Finance Marine and RV CRE-Owner 2% Multifamily $181,884 18.9% 8.6% Consumer Occupi
Slide 19: Loan Yields
Second Quarter 2026 Investor Presentation Loan Yields Yield 10.59 10.67 10.55 (%) 10.42 9.84 9.97 6.75 6.73 6.69 6.68 6.49 5.85 5.49 5.56 5.57 5.61 5.12 4.32 2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD Consolidated Bank Finance 19
Slide 20: Asset Quality
Second Quarter 2026 Investor Presentation Asset Quality Nonaccruals Net Charge-offs (% of Total Loans) (% of Average Loans) 3.05 2.98 2.62 2.59 2.60 1.99 1.54 0.22 0.20 0.19 0.19 0.07 0.07 0.07 0.59 0.03 0.14 0.13 0.01 0.02 0.04 -0.14 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.02 2022 2023 2024 2025 Mar-2
Slide 21: Consumer Finance Loan Portfolio
Second Quarter 2026 Investor Presentation Consumer Finance Loan Portfolio The consumer finance segment made a strategic decision over the past few years to focus on higher credit quality customers. Credit Score at Origination 7% 14% 15% 16% 17% 8% 19% 19% 19% 11% 15% 24% 22% 25% 28% 29% 30% 24% 28%
Slide 22: Deposits
Second Quarter 2026 Investor Presentation Deposits Cost of Deposits Deposit Composition (%) ($ bil) 4.10 3.65 $2.35 $2.37 $2.00 $2.07 $2.17 3.39 3.28 2.79 19% 32% 38% 38% 39% 1.80 1.75 1.69 1.64 51% 41% 38% 39% 37% 1.02 0.76 0.98 1.02 1.00 0.82 0.60 30% 27% 0.26 24% 23% 24% 0.23 2022 2023 2024 2025
Slide 23: Deposit Trends
Second Quarter 2026 Investor Presentation Deposit Trends Total Deposits Interest-Bearing Deposits 2.54% 2.48% 2.41% 1.90% 2.30% 2.29% 2.27% 1.85% 1.81% 2.21% 2.16% 1.72% 1.73% 1.73% 1.69% 1.64% 0.0% 4.6% 8.9% 18.4% 15.9% 11.9% 12.2% 14.6% 0.0% 5.8% 12.8% 23.9% 24.7% 18.4% 19.0% 21.8% Sep-24 Dec-24 M
Slide 24: Granular Deposit Base
Second Quarter 2026 Investor Presentation Granular Deposit Base A strength of our franchise is our well diversified …with limited concentration and granular customer deposit base… base providing a stable source of funding Com Consumer Deposits m er cia Customer Base Granular Deposit Base on lD illi
Slide 25: Strong Capital Position
Second Quarter 2026 Investor Presentation Strong Capital Position TCE Ratio Tier 1 Leverage Ratio 16.00% 16.0% 12.0% 11.1% 11.2% 12.00% 9.9% 9.9% 10.1%10.3% 9.8% 10.1% 10.0% 10.3% 8.59% 9.04% 7.32% 7.89% 7.89% 8.00% 8.0% 4.00% 4.0% 0.00% 0.0% 2022 2023 2024 2025 Jun-26 2022 2023 2024 2025 Jun-26 Cor
Slide 26: Net Interest Income and Net Interest Margin (NIM) Trends
Second Quarter 2026 Investor Presentation Net Interest Income and Net Interest Margin (NIM) Trends NIM, Yields, and Costs (%) 6.75 6.73 6.69 6.68 6.49 5.85 4.27 4.31 4.27 4.41 4.12 4.21 3.79 3.42 3.11 2.65 2.37 1.96 2.42 2.32 2.21 2.16 1.43 0.38 2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD Yield on Loa
Slide 27: Noninterest Income Trends
Second Quarter 2026 Investor Presentation Noninterest Income Trends Noninterest Income Gain on Sale of Loans ($ mil) $30,538 $34,631 ($ mil) $29,212 $29,615 15% $8.0 $7.5 10% 16% 9% 16% 8% 10% $6.1 9% $20,326 $5.8 40% $17,421 $5.0 41% 19% 34% 34% $4.3 14% 8% 9% 42% 20% 20% 20% 18% 41% 18% 15% 21% 21
Slide 28: Funding Sources
Second Quarter 2026 Investor Presentation Funding Sources June 30, 2026 ($ in thousands) Available Used Net Availability Excess cash reserves $42,739 $ - $42,739 Borrowings from FHLB 286,074 45,000 241,074 Borrowings from Federal Reserve Bank 353,729 - 353,729 Unsecured federal funds agreements 75,0
Slide 29: Financial Summary – Balance Sheet
Second Quarter 2026 Investor Presentation Financial Summary – Balance Sheet As of June 30, March 31, December 31, September 30, June 30, ($ 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 - available f
Slide 30: Financial Summary – Income Statement
Second Quarter 2026 Investor Presentation Financial Summary – Income Statement 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 $ 35,69
Slide 31: Financial Summary – Income Statement
Second Quarter 2026 Investor Presentation Financial Summary – Income Statement 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 2,
Slide 32: Financial Summary – Ratios
Second Quarter 2026 Investor Presentation Financial Summary – Ratios 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% 8.5
Slide 33: 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, o
Slide 34: Reconciliation of Non-GAAP Disclosures
Second Quarter 2026 Investor Presentation Reconciliation of Non-GAAP Disclosures 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, a
Slide 35: Reconciliation of Non-GAAP Disclosures
Second Quarter 2026 Investor Presentation Reconciliation of Non-GAAP Disclosures 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, as
Slide 36: Reconciliation of Non-GAAP Disclosures
Second Quarter 2026 Investor Presentation Reconciliation of Non-GAAP Disclosures 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 $ 266