{"schema_version":"secwatch.filing_event.v1","accession":"0000913341-26-000026","form_type":"8-K","ticker":"CFFI","cik":"0000913341","company_name":"C & F FINANCIAL CORP","filed_at":"2026-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.926547+00:00","generated_at":"2026-05-14T21:17:57.416782+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"C&F Financial sells Bearing Insurance stake, restructures AFS portfolio for earnings lift","bullets":["Pre-tax gain of ~$8.3M from sale of membership interest in Bearing Insurance Group, effective May 1, 2026.","Sold $72.6M in AFS securities (yield 1.40%) and bought $67.8M (yield 4.70%), incurring ~$7.1M pre-tax loss.","Portfolio restructuring expected to improve EPS by ~$0.51/year and net interest margin by ~9 bps.","Gain on sale expected to increase tangible book value per share by ~$1.90 after taxes; no impact on total equity from loss.","Loss recovery estimated over ~3.3 years; both transactions recorded in Q2 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0000913341-26-000026","json":"https://secwatch.observer/filing/0000913341-26-000026.json","markdown":"https://secwatch.observer/filing/0000913341-26-000026.md","text":"https://secwatch.observer/filing/0000913341-26-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/913341/000091334126000026/0000913341-26-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/913341/000091334126000026/cffi-20260507x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:17:57.416782+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}