C&F Financial Q1 net income rises 13.3% to $6.5M; EPS $1.86 vs $1.59

C & F FINANCIAL CORP

2023-Q1 EPS reported $1.86 revenue$32,401,000

Net income of $6.5M for Q1 2023, up $762K (13.3%) from $5.7M in Q1 2022.
Diluted EPS of $1.86, up from $1.59 in the prior-year quarter.
Annualized ROE improved to 12.87% from 10.99%; ROA to 1.10% from 1.01%.
Annualized return on average tangible common equity was 14.93% vs 12.61%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

C & F FINANCIAL CORP reported the three months ended March 31, 2023 results: net income consolidated net income of $6.5 million, EPS $ 1.86.

Period: the three months ended March 31, 2023
Net income: consolidated net income of $6.5 million
EPS: $ 1.86
Result: reported results

Exact text from the filing

C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the one-bank holding company for C&F Bank, today reported consolidated net income of $6.5 million for the first quarter of 2023, which represents an increase of $762,000, or 13.3 percent, as compared to the first quarter of 2022.

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Source: SEC EDGAR

accession 0000913341-23-000024

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