logo
Share SHARE
FONT-SIZE Plus   Neg

C&F Financial Q1 Profit Rises

C&F Financial Corp. (CFFI) reported first-quarter net income available to common shareholders of $3.6 million or $1.11 per share, up from $2.7 million or $0.85 per share last year.

Net interest income for the quarter rose to $15.9 million from $14.6 million a year ago.

Fully taxable equivalent, or FTE, net interest income for the quarter rose to $16.5 million from $15.2 million last year.

Annualized net interest margin for the quarter rose to 7.63 percent from 7.29 percent in the prior-year quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walt Disney Co. has threatened to pull its programming from cable distributor Altice USA Inc. if the two companies are unable to reach a new deal before the end of September. The current contract between the two companies expires at the end of this month. Jaguar Land Rover, Britain's biggest car maker, is eyeing potential acquisitions of international automakers, Bloomberg reported Monday, citing people with knowledge of the matter. Jaguar Land Rover, owned by India's Tata Motors Ltd., has reportedly been holding internal discussion on acquiring other brands in order to diversify its range of vehicles. Target Corp. said Monday that it plans to raise minimum hourly wage for all its workers to $11 in October, marking its third wage increase in three years. The discount-store operator also said it is committed to increasing the minimum hourly wage to $15 by the end of 2020.
comments powered by Disqus
Follow RTT