C&F Financial Q2 net income rises on loan growth

C&F Financial Corporation

CFFI

0.00

Overview

U.S. regional bank's Q2 net income rose 11% yr/yr on loan and mortgage growth
Adjusted net income for Q2 up 1.5% excluding one-time items
Company declared Q2 dividend of $0.48 per share and repurchased $312,000 in stock

Outlook

Provision for credit losses may increase if loan performance deteriorates

Result Drivers

LOAN GROWTH - Community banking segment loans grew, driven by commercial real estate and land acquisition lending
MORTGAGE ORIGINATIONS - Higher volume of mortgage loan originations contributed to increased gains on sales of loans and fee income

Company press release: ID:nGNX5JzDKN

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Net Income		$8.63 mln
Q2 Basic EPS		$2.63
Q2 Dividend		$0.48

Reuters Recommended Reads

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