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C & F Financial (CFFI) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 6, 2025

C & F Financial (CFFI) reported revenue of $32.6M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +2% from the quarter before. Operating margin was 20.0%, net earnings $5.4M (16.5% of revenue).

Revenue$32.6M
Year over year+6%
Quarter over quarter+2%
Operating margin20.0%
Net earnings$5.4M

C & F Financial, Q1 2025: revenue $32.6M (+6% year over year), operating margin 20.0%, net earnings $5.4M, operating cash flow $3.2M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$32.6M+2%+6%
Operating profit$6.5M-10%+63%
Net earnings$5.4M-11%+58%
Operating cash flow$3.2M-90%+259%
Free cash flow$2.9M-91%+618%

What changed

Revenue was $32.6M in Q1 2025, up 6% year over year and up 2% from the previous quarter.

Operating profit was $6.5M, a 20.0% margin (up 7.0 points year over year). Of the extra revenue versus a year earlier, 131% reached operating profit, above the 13% margin then. Total costs fell 2% while revenue rose 6%. The fastest-growing cost line was Sales & marketing (+215%). Net earnings were $5.4M, up 58% year over year. The effective tax rate was 17.3%.

Operating cash flow was $3.2M (up 259% year over year), 60% of net earnings. Non-cash charges added back $1.0M of depreciation and amortization and $461K of share-based compensation. Working capital and other items used $3.6M. Capital expenditures of $267K left free cash flow of $2.9M.

Questions

What was C & F Financial's revenue in the first quarter 2025?

C & F Financial (CFFI) reported revenue of $32.6M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +2% from the quarter before.

Was C & F Financial profitable in the first quarter 2025?

Operating profit was $6.5M (20.0% of revenue) and net earnings $5.4M.

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Source: C & F Financial 10-Q on SEC EDGAR.