---
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"
generated_at: "2026-05-14T21:17:57.416782+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# C&F Financial sells Bearing Insurance stake, restructures AFS portfolio for earnings lift

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000913341-26-000026
- JSON: https://secwatch.observer/filing/0000913341-26-000026.json
- Plain text: https://secwatch.observer/filing/0000913341-26-000026.txt

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