CFFI Overview

Podcast Overview: Episode #467 of the Zacks Market Edge Podcast features host Tracey Ryniec and guest Mark Zinski discussing three small-cap stocks in real estate and banking to consider for 2026, moving away from AI-focused investments.

Comstock Holding Companies (CHCI): This asset manager and developer in the Washington DC area has seen a 64% increase in shares year-to-date, with a market cap of $135 million and a price-to-book ratio of 2.4, but does not pay dividends.

C&F Financial Corp. (CFFI): A Virginia-based bank with a market cap of $224 million, C&F Financial has a dividend yield of 2.7% and is attractively priced with a P/B ratio of 0.9, despite a 3.4% decline in shares year-to-date.

Bank of the James Financial Group (BOTJ): This Central Virginia bank has a market cap of $80 million, pays a dividend yielding 2.2%, and has seen a 12.2% increase in shares year-to-date, trading at a P/B ratio of 1.2.

Featured Stocks: The Zacks Analyst Blog highlights stocks including Alphabet Inc., Roche Holding AG, RTX Corp., Crawford United Corp., and C&F Financial Corp., showcasing their recent performance and market trends.

Alphabet Inc. Performance: Alphabet's shares have outperformed the industry, driven by growth in AI infrastructure, Google Cloud, and Search, with significant revenue increases from generative AI products.

Roche Holding AG Insights: Roche has seen strong performance due to high demand for key drugs, despite challenges from legacy drug sales and competition from biosimilars, while pursuing portfolio diversification.

RTX Corp. and Micro-Cap Stocks: RTX continues to receive substantial orders in defense and aerospace, while micro-cap stocks Crawford United and C&F Financial show strong growth and profitability, despite some operational challenges.

Zacks Research Daily Highlights: Today's report features research on 16 major stocks, including Alphabet, Roche, and RTX, along with two micro-cap stocks, showcasing unique insights into smaller companies.

Alphabet's Growth: Alphabet's shares have outperformed the industry, driven by strong performance in AI infrastructure, Google Cloud, and Search, with significant growth in generative AI product revenues.

Roche's Performance: Roche has seen strong demand for key drugs, offsetting declines from legacy products, while pursuing acquisitions to diversify its portfolio despite pipeline setbacks.

RTX and Micro-Cap Stocks: RTX continues to receive substantial defense orders and benefits from improving commercial air traffic, while micro-cap stocks Crawford United and C&F Financial show strong performance and growth potential despite some operational challenges.

Dividend Declaration: C&F Financial Corporation has declared a cash dividend of 46 cents per share, payable on January 1, 2026, to shareholders recorded by December 15, 2025.

Board Review Process: The Board of Directors regularly assesses the dividend amount and payout ratio based on economic conditions, capital requirements, and anticipated earnings.

Company Overview: C&F Bank operates 31 banking offices and five commercial loan offices in Virginia, offering a range of financial services including wealth management and mortgage loan origination.

Contact Information: For more details about the Corporation's products and services, or to access SEC filings, visit their website or contact Jason Long, CFO and Secretary.

Featured Stocks: The Zacks Analyst Blog highlights stocks including Microsoft Corp. (MSFT), Alphabet Inc. (GOOGL), Berkshire Hathaway Inc. (BRK.B), C&F Financial Corp. (CFFI), and Syntec Optics Holdings, Inc. (OPTX), focusing on their recent performance and market trends.

Microsoft Performance: Microsoft has seen a 24.9% increase in shares year-to-date, driven by AI business momentum, Azure cloud growth, and strong demand for Office 365, although it faces challenges from rising operating expenses and cloud competition.

Alphabet's Growth: Alphabet's shares have risen 37.7% this year, benefiting from advancements in AI infrastructure and Google Cloud, while also navigating legal challenges regarding search data sharing.

Berkshire Hathaway Insights: Berkshire Hathaway's shares have outperformed the insurance industry, supported by a strong cash position and growth in its insurance and non-insurance businesses, despite facing potential earnings volatility from catastrophic losses.

Financial Performance: C&F Financial Corporation reported a consolidated net income of $7.1 million for Q3 2025, a 31.2% increase from $5.4 million in Q3 2024, and a total net income of $20.3 million for the first nine months of 2025, up 46.0% from $13.9 million in the same period last year.

Community Banking Growth: The community banking segment saw significant growth, with loans increasing by $91.4 million (8.4% annualized) in Q3 2025, and deposits rising by $127.2 million (7.8% annualized), reflecting a strong performance despite broader economic concerns.

Mortgage Banking Segment: The mortgage banking segment experienced a 6.4% increase in loan originations year-over-year, totaling $167 million for Q3 2025, although it faced a decline compared to the previous quarter due to seasonal fluctuations.

Capital and Liquidity: C&F Financial declared a quarterly cash dividend of 46 cents per share, with total consolidated equity increasing by $26.9 million since December 2024, and maintaining a strong liquidity position with liquid assets exceeding uninsured deposits by $496.3 million as of September 30, 2025.