---
schema_version: "secwatch.filing_event.v1"
accession: "0000913341-24-000023"
form_type: "8-K"
ticker: "CFFI"
cik: "0000913341"
company_name: "C & F FINANCIAL CORP"
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T17:48:28.545702+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# C&F Financial Q1 net income falls 47% to $3.4M; EPS $1.01 vs $1.86

## Summary
- Net income of $3.4M for Q1 2024, down from $6.5M in Q1 2023.
- Basic and diluted EPS of $1.01, compared to $1.86 in prior-year quarter.
- Annualized return on average equity declined to 6.33% from 12.87%.
- Annualized return on average assets fell to 0.57% from 1.10%.
- No guidance or dividend changes were announced in the release.

## SEC filing metadata
- accession: 0000913341-24-000023
- form_type: 8-K
- ticker: CFFI
- cik: 0000913341
- company_name: C & F FINANCIAL CORP
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/913341/000091334124000023/0000913341-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/913341/000091334124000023/cffi-20240419x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000913341-24-000023
- JSON: https://secwatch.observer/filing/0000913341-24-000023.json
- Plain text: https://secwatch.observer/filing/0000913341-24-000023.txt

## Key facts
- Earnings Releases
  C & F FINANCIAL CORP reported first quarter of 2023 results: net income $6.5 million, EPS $1.86.
  - Period: first quarter of 2023
  - Net income: $6.5 million
  - EPS: $1.86
  - Result: reported results
  source text: C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the holding company for C&F Bank, today reported consolidated net income of $3.4 million for the first quarter of 2024, compared to $6.5 million for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/913341/000091334124000023/0000913341-24-000023-index.htm
- Earnings Releases
  C & F FINANCIAL CORP reported first quarter of 2024 results: net income $3.4 million, EPS $1.01.
  - Period: first quarter of 2024
  - Net income: $3.4 million
  - EPS: $1.01
  - Result: reported results
  source text: C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the holding company for C&F Bank, today reported consolidated net income of $3.4 million for the first quarter of 2024, compared to $6.5 million for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/913341/000091334124000023/0000913341-24-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.