C&F Financial Corporation posts first quarter net income

C&F Financial Corporation, the one-bank holding company for C&F Bank, recently reported consolidated net income of $3.6 million, or $0.98 per share, for the first quarter of 2020, compared to $3.8 million, or $1.08 per share, for the first quarter of 2019. 

For the first quarter of 2020, the Corporation’s annualized returns on average equity (ROE) and on average assets (ROA) were 8.27% and 0.79%, respectively, compared to 9.96% and 1.00% for the first quarter of 2019. 

Among highlights for the first quarter of 2020 compared to the first quarter of 2019:

• Retail banking segment interest…

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