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C & F Financial (CFFI) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · C & F Financial (CFFI) Q3 2026 earnings results →

Q3 2026 Revenue up 6% year over year to $38.2M · 22¢ of every $1 of revenue kept as net profit · operating margin 26.6%

C & F Financial made $38.2M in Q3 2026 (+6% Y/Y). Operating margin 26.6%, net earnings $8.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$38.2M
Year over year+6%
Operating margin26.6%
Net earnings$8.3M
Operating cash flow$29.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $38.2M in Q3 2026, up 6% year over year and down 6% from the previous quarter.

Operating profit was $10.2M, a 26.6% margin (up 2.1 points year over year). Of the extra revenue versus Q3 2025, 62% reached operating profit, above the 25% margin then. Total costs grew 3% against revenue growth of 6%. Net earnings were $8.3M, up 17% year over year. The effective tax rate was 18.9%.

Operating cash flow was $29.3M (up 25% year over year), 354% of net earnings. Non-cash charges added back $1.0M of depreciation and amortization and $537K of share-based compensation. Working capital and other items added $19.5M. Capital expenditures of $3.0M left free cash flow of $26.3M.

Quarterly history

C & F Financial revenue by quarterC & F Financial revenue by quarter$32.6MQ1 2025$36.4MQ2 2025$36.0MQ3 2025$35.9MQ4 2025$36.3MQ1 2026$40.9MQ2 2026$38.2MQ3 2026
C & F Financial net earnings by quarterC & F Financial net earnings by quarter$5.4MQ1 2025$7.7MQ2 2025$7.1MQ3 2025$6.7MQ4 2025$6.7MQ1 2026$8.6MQ2 2026$8.3MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$38.2M+6%26.6%$8.3M$29.3M
Q2 202610-QAug 10, 2026$40.9M+12%26.6%$8.6M$24.7M
Q1 202610-QMay 11, 2026$36.3M+11%23.0%$6.7M−$7.6M
Q4 202510-KMar 3, 2026$35.9M+12%22.6%$6.7M$2.2M
Q3 202510-QNov 4, 2025$36.0M+8%24.5%$7.1M$23.4M
Q2 202510-QAug 11, 2025$36.4M+17%26.5%$7.7M−$4.4M
Q1 202510-QMay 6, 2025$32.6M+6%20.0%$5.4M$3.2M

Charts

C & F Financial: revenue growth, year over year and quarter over quarterC & F Financial: revenue growth, year over year and quarter over quarterY/YQ/Q+6%Q1 2025+17%+12%Q2 2025+8%-1%Q3 2025+12%0%Q4 2025+11%+1%Q1 2026+12%+13%Q2 2026+6%-6%Q3 2026
Latest (Q3 2026): Y/Y +6%, Q/Q -6%.
C & F Financial: where the cash came from (+) and went (−), TTM to Q3 2026C & F Financial: where the cash came from (+) and went (−), TTM to Q3 2026Other investing−$167MNet borrowing (+) / repaid (−)$54.0MCash drawn (+) / kept (−)$50.1MOperating cash flow$48.6MOther financing$28.5MCapital spending−$6.4MDividends−$6.2MBuybacks−$1.5M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
C & F Financial: profit against cash, quarter by quarterC & F Financial: profit against cash, quarter by quarterNet incomeOperating cash flow$6.0M$33.8MQ4 2024$5.4M$3.2MQ1 2025$7.8M−$4.4MQ2 2025$7.1M$23.4MQ3 2025$6.7M$2.2MQ4 2025$6.8M−$7.6MQ1 2026$8.6M$24.7MQ2 2026$8.3M$29.3MQ3 2026
Latest (Q3 2026): Net income $8.3M, Operating cash flow $29.3M.
C & F Financial: diluted shares by fiscal yearC & F Financial: diluted shares by fiscal year4MFY20204MFY20214MFY20223MFY20233MFY20243MFY2025
-11.3% since FY2020: buybacks shrank the count.
C & F Financial: long-term debt falling due (FY2024)C & F Financial: long-term debt falling due (FY2024)$20.0M2026$20.0M2027$20.0MLater
Cash $65.6M, short-term investments —, long-term debt — at 2024-12-31.
C & F Financial in its industry: growth against margin (133 companies, SIC 6022)C & F Financial in its industry: growth against margin (133 companies, SIC 6022)revenue growth, year over year →↑ operating marginmedian +9%median 40%BNYSTTFITBMTBFCNCAALLYCFGNTRSWALBPOPEWBCWTFCCOLBSSBCBSHASBHWCAUBGBCIUBSIABCBHTHHOMBUCBRNSTFBPCATYFIBKCUBIFHBIBOCMBINSBCFBOHCVBFBUSEEFSCOFGLOBFBKFFINSFBSMCHBCCBFBNCGABCBYSYBTPEBOTCBKOBKSTBAFMBHRBCAACNOBAMALMCBQCRHOSBCFMNBBFSTUVSPTMPCCNEMSBIHBTEQBKCTBICPFTHFFMPBSBSIMBWMLKFNIBCPEGBNSPFIWASHCCBGCOFSCWBCHBIAACNBGSBCFSBCTRSTCIVBFCBCMCBSFBIZINBKBWBCBANMVBFBSRRCZNCRBBISTRUNTYBWFGBMRCRRBIPCBFCBMCHMGCZFSNWFLWTBAMYFWAVBHOPBKUSCBFCCOEBMTCOSOFXNCPKBKISBAPEBKBPRNBRBSHNVRMNSBFVCBCCFNSBFGJMSBBOTJNWPPFUSBAUBNJUVFCFFI (+6%, 27%)
State Commercial Banks; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About C & F Financial

C&F Financial Corporation (the Corporation) is a bank holding company that was incorporated in March 1994 under the laws of the Commonwealth of Virginia. The Corporation owns all of the stock of Citizens and Farmers Bank (the Bank or C&F Bank), which is an independent commercial bank chartered under the laws of the Commonwealth of Virginia. C&F Bank originally opened for business under the name Farmers and Mechanics Bank on January 22, 1927. C&F Bank has the following five wholly-owned subsidiaries, all incorporated under the laws of the Commonwealth of Virginia:

In its own words, from its 10-K, filed Mar 3, 2026.

C & F Financial against its State Commercial Banks peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +10%. Operating margin: 26.6% against the peers' median 34.6%.

CompanyQuarterRevenueY/YOp. margin
CFFI C & F FinancialQ3 2026$38.2M+6%26.6%
BNY Bank of New York MellonQ3 2026$5.7B+12%38.5%
STT State StreetQ3 2026$4.0B+13%34.7%
FITB Fifth Third BancorpQ3 2026$3.3B+42%33.8%
MTB M&T BankQ3 2026$2.5B+0.9%39.7%
FCNCA First Citizens BancsharesQ3 2026$2.4B0%33.1%
ALLY Ally FinancialQ3 2026$2.3B+8%24.3%
CFG Citizens Financial GroupQ3 2026$2.3B+10%34.6%
NTRS Northern TrustQ3 2026$2.3B+13%34.7%

Source: C & F Financial 10-Q on SEC EDGAR · CIK 913341 · State Commercial Banks

Guidance and outlook

C & F Financial: what its forward-looking statements are about (10-Q filed 2026-11-05)C & F Financial: what its forward-looking statements are about (10-Q filed 2026-11-05)Other5Capital spending2Demand1Margins1Buybacks & dividends1
10 statements; tone -0.50 (−1 all cautious, +1 all confident); 2 hedged.
C & F Financial: outlook statements against the filing beforeC & F Financial: outlook statements against the filing beforeConfident1Cautious6

13F: who owns CFFI and who is buying

Largest holders of CFFI (13F)Largest holders of CFFI (13F)BlackRock$15.7MDimensional Fund Advisors LP$14.7MVanguard Group$12.3MVanguard Capital Management LLC$10.8MManufacturers Life Insurance Comp…$8.1MGeode Capital Management, LLC$6.2MRenaissance Technologies LLC$6.2MHuber Capital Management LLC$4.8MState Street$3.5MAmerican Century Companies$3.4M
Funds' net buying of CFFI by quarter (13F)Funds' net buying of CFFI by quarter (13F)−$34K2024-09−$3K2024-12$618K2025-03$8.6M2025-06−$2.3M2025-09−$408K2025-12−$862K2026-03$2.5M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CFFI

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版：C & F Financial（CFFI）财报

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