C&F Financial Corporation (CFFI) investor relations material

Executive summary

• Net income for Q2 2026 was $8.6 million, up from $7.8 million in Q2 2025; six-month net income was $15.4 million, up 17.2% year-over-year.

• Adjusted net income (excluding one-time items) was $7.9 million for Q2 2026 and $14.7 million for the first half, both higher than prior year periods.

• Delivered consistent financial performance with a clear long-term strategy and sound risk management.

• Expanded branch and loan office footprint in Virginia, including new locations in Roanoke and Lynchburg.

• Maintained a strong balance sheet and asset quality, supporting organic and non-organic growth.

Financial highlights

• Net interest income for Q2 2026 was $29.1 million, up from $26.5 million in Q2 2025; net interest margin rose to 4.41% from 4.27%.

• Total assets reached $2.81 billion as of June 30, 2026; total equity was $278.4 million.

• Loans held for investment grew to $2.11 billion, driven by commercial real estate and land development.

• Book value per share was $85.46; tangible book value per share was $77.45 at June 30, 2026.

• Noninterest income rose 19.6% in Q2 2026, mainly from an equity sale gain and higher mortgage banking activity, partially offset by securities losses.

Outlook and guidance

• Management expects continued loan growth in community banking and runoff in the marine/RV portfolio.

• Net interest margin could be pressured by further rate declines but may benefit from higher-yielding securities purchases.

• Strategic initiatives, including expansion into Southwest Virginia and hiring in Lynchburg, are anticipated to support future performance.

• Positioned for continued value creation through technology, efficiency, and risk management.

• Focus on organic growth, community engagement, and cross-company collaboration.