C&F Financial Q1 Profit Rises

4/25/2012 3:11 PM ET

C&F Financial Corp. (CFFI: Quote) 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.

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by RTT Staff Writer

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