Form 8-K

8-K — C & F FINANCIAL CORP

Accession: 0000913341-26-000040

Filed: 2026-07-23

Period: 2026-07-23

CIK: 0000913341

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — cffi-20260723x8k.htm (Primary)

EX-99.1 (cffi-20260723xex99d1.htm)

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8-K

8-K (Primary)

Filename: cffi-20260723x8k.htm · Sequence: 1

C & F FINANCIAL CORPORATION_July 23, 2026

0000913341falseC & F FINANCIAL CORPORATION00009133412026-07-232026-07-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 23, 2026

C&F FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Virginia

000-23423

54-1680165

(State or other jurisdiction of

incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

3600 La Grange Parkway, Toano, Virginia

23168

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code (804) 843-2360

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $1.00 par value per share

CFFI

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange of 1934 (§240.12b-2 of this chapter).

Emer

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Item 7.01Regulation FD Disclosure

On July 23, 2026, C&F Financial Corporation (the Corporation) published an investor presentation on its website. A copy of the presentation is attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated by reference into this Item 7.01. The Corporation and its management may use this or similar presentations in meetings with investors during the third quarter of 2026. A copy of this investor presentation is also available in the Financial Information – Investor Presentations section of the Corporation’s investor relations website at investor.cffc.com.

In accordance with General Instruction B.2 of Form 8-K, the information furnished in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the Exchange Act) or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act unless expressly incorporated by specific reference made within such filing.

Item 9.01Financial Statements and Exhibits

(d)Exhibits

99.1 Investor presentation dated July 23, 2026

104 Cover Page Interactive Data File (formatted as inline XBRL and contained

in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

C&F FINANCIAL CORPORATION

(Registrant)

Date:

July 23, 2026

By:

/s/ Jason E. Long

Jason E. Long

Chief Financial Officer

EX-99.1

Filename: cffi-20260723xex99d1.htm · Sequence: 2

Exhibit 99.1

C&F Financial Corporation

NASDAQ: CFFI

Second Quarter 2026 Investor Presentation

Forward-Looking Statements.

Certain statements in this presentation may constitute “forward-looking statements” within the meaning of federal securities laws. These forward-looking statements are based on the beliefs of the Corporation’s management, as

well as assumptions made by, and information currently available to, the Corporation’s management, and reflect management’s current views with respect to certain events that could have an impact on the Corporation’s future

financial performance. These forward-looking statements relate to expectations concerning matters that are not historical fact, may express “belief,” “intention,” “expectation,” “potential” and similar expressions, and may use the

words “believe,” “expect,” “anticipate,” “estimate,” “plan,” “may,” “might,” “will,” “intend,” “target,” “should,” “could,” or similar expressions. These statements are inherently uncertain, and there can be no assurance that the

underlying assumptions will prove to be accurate. Actual results could differ materially from those anticipated or implied by such statements. Factors that could have a material adverse effect on the operations and future

prospects of the Corporation include, but are not limited to, changes in: (1) interest rates, such as volatility in short-term interest rates or yields on U.S. Treasury bonds, fluctuations in interest rates following actions by the Federal

Reserve and increases or volatility in mortgage interest rates, (2) general business conditions, as well as conditions within the financial markets, (3) general economic conditions, including unemployment levels, inflation rates,

supply chain disruptions, slowdowns in economic growth and government shutdowns, (4) general market conditions, including disruptions due to pandemics or significant health hazards, severe weather conditions, natural

disasters, terrorist activities, financial crises, political crises, changes in trade policy and the implementation of tariffs, geopolitical tensions, war and other military conflicts (including the conflict in the Middle East and potential

associated impacts on interest rates and energy prices) or other major events, or the prospect of these events, (5) average loan yields and securities yields and average costs of interest-bearing deposits and borrowings, (6)

financial services industry conditions, including bank failures or rumors of such failures, the soundness of other financial institutions or concerns involving liquidity, along with actions taken by governmental agencies to address

such conditions, and the effects on financial institutions, including us, on, among other things, the ability to attract or retain depositors and to borrow or raise capital, (7) labor market conditions, including attracting, hiring, training,

motivating and retaining qualified employees, (8) the legislative and regulatory climate, regulatory initiatives with respect to financial institutions, products and services, the Consumer Financial Protection Bureau (the CFPB) and

the regulatory and enforcement activities of the CFPB, (9) monetary and fiscal policies of the U.S. Government, including policies of the FDIC, U.S. Department of the Treasury and the Board of Governors of the Federal Reserve

System (the Federal Reserve Board), and the effect of these policies on interest rates and business in our markets, (10) demand for financial services in the Corporation’s market areas, (11) the value of securities held in the

Corporation’s investment portfolios, (12) the quality or composition of the loan portfolios and the value of the collateral securing those loans, (13) the inventory level, demand and fluctuations in the pricing of used automobiles,

including sales prices of repossessed vehicles, (14) the level of automobile loan delinquencies or defaults and our ability to repossess automobiles securing delinquent automobile finance installment contracts, (15) the level of

net charge-offs on loans and the adequacy of our allowance for credit losses, (16) the level of indemnification losses related to mortgage loans sold, (17) demand for loan products, (18) deposit flows, (19) the strength of the

Corporation’s counterparties, (20) the availability of lines of credit from the FHLB and other counterparties, (21) competition from both banks and non-banks, including competition in the automobile finance market, (22) services

provided by, or the level of the Corporation’s reliance upon third parties for key services, (23) the commercial and residential real estate markets, including changes in property values, (24) the demand for residential mortgages

and conditions in the secondary residential mortgage loan markets, (25) the Corporation’s technology initiatives and other strategic initiatives, (26) the Corporation’s branch expansion, relocation and consolidation plans, (27)

cyber threats, attacks or events, including emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action or increase cybersecurity threats, (28) C&F Bank’s product

offerings, and (29) accounting principles, policies and guidelines, and elections by the Corporation thereunder . These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein,

and readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this presentation. For additional information on risk factors that could affect the forward-looking

statements contained herein, see the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2025 and other reports filed with the SEC. The Corporation undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Use of Certain Non-GAAP Financial Measures.

The accounting and reporting policies of the Corporation conform to GAAP in the United States and prevailing practices in the banking industry. However, certain non-GAAP measures are used by management to supplement the

evaluation of the Corporation’s financial condition and performance. These include adjusted net income, adjusted earnings per share, adjusted return on average equity, adjusted return on average assets, return on average

tangible common equity (ROATCE), adjusted ROATCE, tangible common equity to tangible assets (TCE/TA), and tangible book value per share. A reconciliation of the non-GAAP financial measures used by the Corporation to

evaluate and measure the Corporation’s financial condition and performance to the most directly comparable GAAP financial measures is presented in an appendix.

No Offer or Solicitation

This presentation does not constitute an offer to sell or a solicitation to buy any securities. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as

amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About C&F Financial Corporation.

Additional information regarding the Corporation’s products and services, as well as access to its filings with the SEC, are available on the Corporation’s website at http://www.cffc.com.

Cautionary Statements

Second Quarter 2026 Investor Presentation

C&F has unique competitive advantages

Second Quarter 2026 Investor Presentation

Positioned to

deliver

substantial value

creation

A clear

long-term

strategy

that we are

executing

effectively

Consistent

financial

performance with

sound risk

management

Proven

leadership

driving long-term

shareholder

value

• Performance & Growth

• Our People

• Marketing & Brand Recognition

• Community Engagement

• Cross Company Collaboration

• Efficiency and Technology

• Risk Management

Strategic Initiatives & Opportunities

Second Quarter 2026 Investor Presentation

Our Leadership

Second Quarter 2026 Investor Presentation

Thomas F. Cherry

President & CEO

C&F Financial Corporation

Years in Financial Industry: 35

Rodney W. Overby

EVP & Chief Information Officer

C&F Financial Corporation

Years in Financial Industry: 45

John A. Seaman III

EVP & Chief Credit Officer

C&F Bank

Years in Financial Industry: 45

Matthew Steilberg

EVP & Director Retail Banking

C&F Bank

Years in Financial Industry: 39

William V. Krebs Jr.

Regional President, Central Virginia

C&F Bank

Years in Financial Industry: 28

Mark J. Eggelston

Regional President, SE Virginia

C&F Bank

Years in Financial Industry: 35

Jason E. Long

EVP & CFO

C&F Financial Corporation

Years in Financial Industry: 23

Matthew P. Dolci

SVP Chief Risk Officer

C&F Bank

Years in Financial Industry: 8

S. Dustin Crone

CEO

C&F Finance Company

Years in Financial Industry: 36

Mark A. Fox

President & CEO

C&F Mortgage Corporation

Years in Financial Industry: 30

Andrew B. Buxbaum

SVP & General Counsel

C&F Bank

Years in Financial Industry: 25

Christopher A. Spillare

SVP & Treasurer

C&F Bank

Years in Financial Industry: 31

Maria R. Sullivan

SVP & Chief HR Officer

C&F Bank

Years in Financial Industry: 15

Helga H. Ridenhour

SVP & Director of Operations

C&F Bank

Years in Financial Industry: 35

Tony Lamont

EVP Operations

C&F Finance Company

Years in Financial Industry: 35

Kevin Jones

SVP Sales

C&F Finance Company

Years in Financial Industry: 32

Madeline M. Witty

SVP & Chief Compliance Officer

C&F Mortgage Corporation

Years in Financial Industry: 40

Natalie C. Zvanya

SVP & Chief Business Development

C&F Mortgage Corporation

Years in Financial Industry: 9

Kevin A. McCann

SVP & CFO

C&F Mortgage Corporation

Years in Financial Industry: 28

C. Shawn Moore

President

C&F Finance Company

Years in Financial Industry: 34

Our Lines of Business

Second Quarter 2026 Investor Presentation

Community

Banking

$2.37 billion

Total Deposits

Branches

• 32 banking offices and 6 commercial loan offices in Virginia

• Provides a wide range of banking services to individuals and businesses

• Opened new commercial loan offices in Roanoke, Virginia in 2025 and

Lynchburg, Virginia in 2026

Mortgage

Banking

$413 million

Loan Originations Jun-26 YTD

• Provides mortgage loan origination services in Virginia and surrounding

states

• Lender Solutions provides mortgage loan origination as a service to

community financial institutions

Consumer

Finance

$457 million

Loan Portfolio

• Provides automobile loans through indirect lending programs

• Primarily in the Mid-Atlantic, Midwest and Southern United States

Wealth

Management

$705 million

Assets Under Management Jun-26

• Full-service brokerage firm

• Offers a comprehensive range of wealth management services through third-party service providers

• Primarily at C&F Bank branch locations

We are well-positioned in Virginia with a clear growth strategy

Second Quarter 2026 Investor Presentation

Company Overview

C&F Branch Footprint in Virginia

C&F at a Glance

Preeminent Community Bank in Virginia

C&F is a Virginia-based financial services company providing full-service

banking, mortgage, wealth management, and finance solutions through a

relationship-driven approach. Focused on understanding and serving the

needs of individuals, businesses, and communities, C&F builds long-term

value through trust, responsiveness, and local commitment.

Branches

across VA

$2.81 Billion

Total Assets

$2.11 Billion

Total Loans, HFI

$2.37 Billion

Total Deposits

Size

$252.1 Million

Market Cap

• Recent expansion into Southwest

Virginia with the opening of a loan

production office in July 2025 and

branch in June 2026 in Roanoke

• Connecting our markets with the

recent opening of a new loan

production office in Lynchburg in

July 2026

• Strong balance sheet and

asset quality

• Strong community banking funding

base with roots in key markets in

Virginia

• Regional exposure through elite

mortgage banking and consumer

finance segments

• Diverse lines of business with

experienced management teams

• Top-tier financial performance

• Outstanding capital management

allows for a quality dividend while

maintaining strong capital for

organic and non-organic growth

Segments – June 30, 2026 QTD

Second Quarter 2026 Investor Presentation

1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 9

Three Months Ended June 30, 2026

Community Mortgage Consumer

(Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated

Interest income $ 27,215 $ 818 $ 12,086 $ — $ 232 $ 40,351

Interest expense 10,151 — — 1,110 — 11,261

Net interest income before allocation 17,064 818 12,086 (1,110) 232 29,090

Net interest allocation1 5,934 (416) (5,518) — — —

Net interest income 22,998 402 6,568 (1,110) 232 29,090

Gain on sales of loans — 2,655 — — (219) 2,436

Other noninterest income 5,578 2,007 149 1,652 (46) 9,340

Net revenue 28,576 5,064 6,717 542 (33) 40,866

Provision for credit losses 150 — 2,500 — — 2,650

Salaries and employee benefits 10,485 2,105 2,014 1,897 — 16,501

Occupancy expense 2,012 231 159 — — 2,402

Data processing 2,610 434 349 10 — 3,403

Professional fees 665 50 157 71 — 943

Insurance expense 391 17 32 — — 440

Marketing and advertising expenses 491 140 8 — — 639

Loan processing and collection expenses 75 499 344 — — 918

Provision for indemnifications — (25) — — — (25)

Other segment items2 1,457 196 410 82 (19) 2,126

Total noninterest expense 18,186 3,647 3,473 2,060 (19) 27,347

Income (loss) before taxes 10,240 1,417 744 (1,518) (14) 10,869

Income tax expense (benefit) 2,067 357 206 (384) (3) 2,243

Net income (loss) $ 8,173 $ 1,060 $ 538 $ (1,134) $ (11) $ 8,626

Segments – June 30, 2025 QTD

Second Quarter 2026 Investor Presentation

1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 10

Three Months Ended June 30, 2025

Community Mortgage Consumer

(Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated

Interest income $ 24,378 $ 732 $ 12,144 $ — $ 153 $ 37,407

Interest expense 10,143 — — 756 — 10,899

Net interest income before allocation 14,235 732 12,144 (756) 153 26,508

Net interest allocation1 6,110 (374) (5,736) — — —

Net interest income 20,345 358 6,408 (756) 153 26,508

Gain on sales of loans — 2,573 — — (115) 2,458

Other noninterest income 4,378 1,700 149 1,225 (62) 7,390

Net revenue 24,723 4,631 6,557 469 (24) 36,356

Provision for credit losses (300) — 2,400 — — 2,100

Salaries and employee benefits 9,421 1,971 2,018 1,436 — 14,846

Occupancy expense 1,669 290 140 — — 2,099

Data processing 2,300 358 321 10 — 2,989

Professional fees 680 67 135 119 — 1,001

Insurance expense 345 37 34 — — 416

Marketing and advertising expenses 415 125 9 — — 549

Loan processing and collection expenses 26 327 392 — — 745

Provision for indemnifications — (35) — — — (35)

Other segment items2 1,419 181 364 74 (18) 2,020

Total noninterest expense 16,275 3,321 3,413 1,639 (18) 24,630

Income (loss) before taxes 8,748 1,310 744 (1,170) (6) 9,626

Income tax expense (benefit) 1,632 325 205 (302) (1) 1,859

Net income (loss) $ 7,116 $ 985 $ 539 $ (868) $ (5) $ 7,767

Segments – June 30, 2026 YTD

Second Quarter 2026 Investor Presentation

1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 11

Six Months Ended June 30, 2026

Community Mortgage Consumer

(Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated

Interest income $ 53,387 $ 1,358 $ 24,304 $ — $ 448 $ 79,497

Interest expense 20,486 — — 2,212 — 22,698

Net interest income before allocation 32,901 1,358 24,304 (2,212) 448 56,799

Net interest allocation1 11,718 (648) (11,070) — — —

Net interest income 44,619 710 13,234 (2,212) 448 56,799

Gain on sales of loans — 5,384 — — (403) 4,981

Other noninterest income 10,074 3,712 303 1,352 (96) 15,345

Net revenue 54,693 9,806 13,537 (860) (51) 77,125

Provision for credit losses 450 — 5,800 — — 6,250

Salaries and employee benefits 20,602 4,367 4,046 1,843 — 30,858

Occupancy expense 3,866 446 305 — — 4,617

Data processing 5,083 806 670 19 — 6,578

Professional fees 1,305 78 351 126 — 1,860

Insurance expense 771 36 63 — — 870

Marketing and advertising expenses 911 252 23 — — 1,186

Loan processing and collection expenses 114 859 818 — — 1,791

Provision for indemnifications — (60) — — — (60)

Other segment items2 2,614 385 825 175 (37) 3,962

Total noninterest expense 35,266 7,169 7,101 2,163 (37) 51,662

Income (loss) before taxes 18,977 2,637 636 (3,023) (14) 19,213

Income tax expense (benefit) 3,694 667 179 (744) (3) 3,793

Net income (loss) $ 15,283 $ 1,970 $ 457 $ (2,279) $ (11) $ 15,420

Segments – June 30, 2025 YTD

Second Quarter 2026 Investor Presentation

1. Interest expense is allocated to the mortgage banking and consumer finance segments through borrowing from the community banking segment. 12

Six Months Ended June 30, 2025

Community Mortgage Consumer

(Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated

Interest income $ 47,762 $ 1,071 $ 24,267 $ — $ 295 $ 73,395

Interest expense 20,524 — — 1,353 — 21,877

Net interest income before allocation 27,238 1,071 24,267 (1,353) 295 51,518

Net interest allocation1 11,864 (446) (11,418) — — —

Net interest income 39,102 625 12,849 (1,353) 295 51,518

Gain on sales of loans — 4,558 — — (253) 4,305

Other noninterest income 8,608 2,836 326 1,447 (101) 13,116

Net revenue 47,710 8,019 13,175 94 (59) 68,939

Provision for credit losses (200) — 5,300 — — 5,100

Salaries and employee benefits 18,700 3,763 3,995 1,871 — 28,329

Occupancy expense 3,499 503 290 — — 4,292

Data processing 4,642 584 611 18 — 5,855

Professional fees 1,404 93 226 199 — 1,922

Insurance expense 761 67 79 — — 907

Marketing and advertising expenses 799 265 14 — — 1,078

Loan processing and collection expenses 68 557 803 — — 1,428

Provision for indemnifications — (60) — — — (60)

Other segment items2 2,634 358 800 181 (35) 3,938

Total noninterest expense 32,507 6,130 6,818 2,269 (35) 47,689

Income (loss) before taxes 15,403 1,889 1,057 (2,175) (24) 16,150

Income tax expense (benefit) 2,842 473 292 (614) (5) 2,988

Net income (loss) $ 12,561 $ 1,416 $ 765 $ (1,561) $ (19) $ 13,162

Quarterly Trends

Second Quarter 2026 Investor Presentation

* Non-GAAP financial measure. For non-GAAP financial measures, see reconciliation to most directly comparable GAAP measures in “Appendix – Reconciliation of Non-GAAP Disclosures”

Earnings per Share (EPS)

($)

$2.37

$2.18 $2.07 $2.08

$2.63

Adj

EPS,

$2.40

Jun-25 Sep-25 Dec-25 Mar-26 Jun-26

Return on Average Assets (ROAA)

(%)

1.18

1.06

0.97 0.97

1.23

Adj

ROAA,

1.13

Jun-25 Sep-25 Dec-25 Mar-26 Jun-26

Net Interest Margin (NIM)

(%)

4.27

4.24

4.20

4.27

4.41

Jun-25 Sep-25 Dec-25 Mar-26 Jun-26

Return on Average Tangible Common Equity (ROATCE) *

(%)

14.70

13.07

11.67 11.28

14.08

Adj

ROA

TCE,

12.86

Jun-25 Sep-25 Dec-25 Mar-26 Jun-26

Earnings

Second Quarter 2026 Investor Presentation

Return on Average Equity (ROAE)

(%)

Earnings per Share (EPS)

($)

Return on Average Assets (ROAA)

(%)

Return on Average Tangible Common Equity (ROATCE) *

(%)

* Non-GAAP financial measure. For non-GAAP financial measures, see reconciliation to most directly comparable GAAP measures in “Appendix – Reconciliation of Non-GAAP Disclosures”

** Annualized, year-to-date

$8.29

$6.92

$6.01

$8.29

$4.03

$4.71

Adj

EPS,

$4.48

2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD

1.27

0.99

0.80

1.01 1.01

1.10

Adj

ROAA,

1.05

2022 2023 2024 2025 Jun-25** Jun-26**

14.84

11.68

9.02

11.11 11.23 11.48

Adj

ROAE,

10.92

2022 2023 2024 2025 Jun-25** Jun-26**

17.31

13.58

10.37

12.53 12.72 12.69

Adj

ROA

TCE,

12.08

2022 2023 2024 2025 Jun-25** Jun-26**

Shareholder Value Creation

Second Quarter 2026 Investor Presentation

Dividends per Share

($)

* Non-GAAP financial measure. For non-GAAP financial measures, see reconciliation to most directly comparable GAAP measures in “Appendix – Reconciliation of Non-GAAP Disclosures”

** Annualized, year-to-date

$1.64

$1.76 $1.76

$1.84

$1.92

2022 2023 2024 2025 Jun-26**

$48.54

$56.40

$61.86

$72.60

$77.45

2022 2023 2024 2025 Jun-26

Tangible Book Value per Share*

($)

$4.51

$7.51 $7.95

$0.00

$0.62

2022 2023 2024 2025 Jun-26 YTD

Share Repurchases

($ mil)

14.3%

CAGR

$1.60 $1.70

$1.88

$2.01 $2.07

2022 2023 2024 2025 Jun-26

Bank Finance

$2.33 $2.44 $2.56

$2.77 $2.81

2022 2023 2024 2025 Jun-26

$2.00

$2.07

$2.17

$2.35 $2.37

2022 2023 2024 2025 Jun-26

Balance Sheet

Second Quarter 2026 Investor Presentation

Deposits

($ bil)

Total Assets

($ bil)

5.5%

CAGR

4.9%

CAGR

7.8%

CAGR

Loans HFI Net

($ bil)

82% 84% 88% 88% 90%

2022 2023 2024 2025 Jun-26

Loan to Deposit Ratio

(%)

Securities

Second Quarter 2026 Investor Presentation

U.S. Treasury

securities

U.S.

Government

Agencies and

corporations

Mortgage-backed

securities

53%

Obligations of

states and

political

subdivision

34%

Corporate and

other debt

securities

Composition

(% of Total Securities) (Jun-26)

Yield

(%)

1.96

2.37 2.65

3.11

3.42 3.79

2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD

Maturities and Weighted

Average Yield*

($ mil) (Jun-26)

$81.7

$174.0

$145.8

$65.2

3.48% 3.56%

4.64% 4.77%

Maturing within 1 year Maturing after 1 year, but

within 5 years

Maturing after 5 years, but

within 10 years

Maturing after 10 years

* Information is presented at amortized cost, by the earlier of contractual maturity or expected maturity, which may differ

because borrowers have the right to prepay obligations with or without penalties.

The weighted average life and the total effective duration of the portfolio are

5.5 years and 3.7 years, respectively, as of June 30, 2026.

During the second quarter of 2026, the Corporation executed a strategic

restructuring of a portion of its securities portfolio, resulting in a pre-tax loss of

$7.1 million:

• sold securities with a book value of $72.6 million and weighted average yield

of 1.40%

• purchased $67.8 million of securities with a weighted average yield of 4.70%

Loan Portfolio Trends

Second Quarter 2026 Investor Presentation

CRE-Owner

Occupied

CRE-Nonowner

Occupied

37%

AD&C

10%

Residential Mortgage

15%

Commercial Business

Equity Lines

Consumer

Finance Auto

19%

Consumer Finance

Marine and RV

Other Consumer

Composition

(% of Total Loans) (Jun-26)

Loans, Gross

($ bil)

$1.64 $1.74

$1.92

$2.05 $2.11

2022 2023 2024 2025 Jun-26 18

($ mil) Amount % of CRE % of Total

Multifamily $181,884 18.9% 8.6%

Retail 160,421 16.7 7.6

Office 127,421 13.3 6.0

1-4 Family Investment Properties 104,301 10.9 4.9

Hotels 101,609 10.6 4.8

Industrial/warehouse 92,294 9.6 4.4

Mini-Storage 72,011 7.5 3.4

Medical Office 44,910 4.7 2.1

Other 75,472 7.8 3.7

Commercial & Construction Commercial Concentrations

Total CRE was 269% of total risk-based capital as of June 30, 2026.

The average CRE loan was $1.02 million as of June 30, 2026.

Loan Yields

Second Quarter 2026 Investor Presentation

Yield

(%)

5.85

6.49

6.75 6.73 6.69 6.68

4.32

5.12

5.49 5.56 5.57 5.61

9.84 9.97

10.42 10.59 10.67 10.55

2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD

Consolidated Bank Finance

Asset Quality

Second Quarter 2026 Investor Presentation 0.01 0.03 0.020.19 0.07 0.07 0.07 0.19 0.13 0.22 0.20 0.14

2022 2023 2024 2025 Mar-26 Jun-26

Bank Finance

0.04 0.010.01 0.02 0.01 0.01 0.01 0.00 0.01

3.05

1.54

-0.14

0.59

1.99

2.62 2.59

2.98

2.60

2019 2020 2021 2022 2023 2024 2025 Mar-26* Jun-26*

Bank Finance

1.25

1.26

1.20

1.10

1.09

1.06

5.47

5.03

4.86

4.79

4.80

4.83

2.48 2.28 2.09 1.93 1.91 1.88

2022 2023 2024 2025 Mar-26 Jun-26

Bank Finance Consolidated ACL

Nonaccruals

(% of Total Loans)

Net Charge-offs

(% of Average Loans)

Allowance for Credit Losses (ACL)

(% of Total Loans)

Amendments to ASC 326 (“CECL”) were adopted by the

Corporation on January 1, 2023. * Annualized, year-to-date 20

0.72%

0.59%

0.21%

0.13% 0.13% 0.12%

2022 2023 2024 2025 Mar-26 Jun-26

Criticized & Classified Loans

(% of Total Loans)

Consumer Finance Loan Portfolio

Second Quarter 2026 Investor Presentation

The consumer finance segment made a strategic decision over the past few years to focus on higher credit quality customers.

* Refer to the Allowance for Credit Losses footnote in the Corporation’s Annual Report on Form 10-K for a more detailed description of the consumer finance segment’s credit quality indicators.

28%

21%

14% 9% 7% 5% 4% 4%

33%

30%

28%

24%

22%

19% 19% 18%

24%

28%

29%

29% 29% 29%

11%

15%

22% 25%

28% 29% 30%

14% 15% 16% 17% 19% 19% 19%

2019 2020 2021 2022 2023 2024 2025 Jun-26

Credit Score at Origination

Marginal (<580) Fair (580-624) Fairly Good (625-669) Good (670-739) Very Good (>739)

Deposits

Second Quarter 2026 Investor Presentation

0.23

0.60

0.82

0.98 1.02 1.00

0.76

2.79

4.10

3.65

3.39

3.28

0.26

1.02

1.80 1.75 1.69 1.64

2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD

Savings and interest bearing Time Total Deposits

30% 27% 24% 23% 24%

51%

41%

38% 39% 37%

19%

32% 38% 38% 39%

$2.00 $2.07 $2.17 $2.35 $2.37

2022 2023 2024 2025 Jun-26

Noninterest bearing Savings and interest bearing Time

Deposit Composition

($ bil)

Cost of Deposits

(%)

1.90% 1.85% 1.81% 1.72% 1.73% 1.73% 1.69% 1.64%

0.0% 4.6% 8.9% 18.4% 15.9% 11.9% 12.2% 14.6%

Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26

Total Deposits

Cost of Deposits Cumulative Deposit Beta

Deposit Trends

Second Quarter 2026 Investor Presentation

2.54% 2.48% 2.41% 2.30% 2.29% 2.27% 2.21% 2.16%

0.0% 5.8% 12.8% 23.9% 24.7% 18.4% 19.0% 21.8%

Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26

Interest-Bearing Deposits

Cost of Deposits Cumulative Deposit Beta

From the beginning of the Federal Reserve’s rate increases in March, 2022, cumulative deposit betas reached a peak of 33.3% and 44.1%

in September, 2024 for total deposits and interest-bearing deposits, respectively.

Cumulative deposit beta is calculated as the decrease in the rate paid on the respective deposits for each period presented divided by the incremental decrease in the Federal Reserve rate since September, 2024. 23

Granular Deposit Base

Second Quarter 2026 Investor Presentation

70%

24%

Insured Uninsured, secured Public Funds All other uninsured

Consumer

sits, $1.4

billion

Commercial Deposits, $

mill

Total Deposits

$2.37 Billion

As of 6/30/26

A strength of our franchise is our well diversified

deposit base…

…with limited concentration and granular customer

base providing a stable source of funding

Consumer Deposits

Customer Base

~71,700

Consumer Accounts

Granular Deposit Base

$20,000

Average Account balance

Commercial Deposits

Customer Base

~14,800

Commercial Accounts

Granular Deposit Base

$64,000

Average Account balance

7.32% 7.89% 7.89% 8.59% 9.04%

0.00%

4.00%

8.00%

12.00%

16.00%

2022 2023 2024 2025 Jun-26

TCE Ratio

Strong Capital Position

Second Quarter 2026 Investor Presentation

9.9% 9.9% 10.1%10.3% 9.8% 10.1% 10.0% 10.3% 11.1% 11.2%

0.0%

4.0%

8.0%

12.0%

16.0%

2022 2023 2024 2025 Jun-26

Tier 1 Leverage Ratio

Corporation Bank

11.4% 11.3% 10.7% 11.0% 11.3%

12.9% 12.9% 12.3%

13.6% 13.5%

0.0%

4.0%

8.0%

12.0%

16.0%

2022 2023 2024 2025 Jun-26

CET 1 Risk-based Capital Ratio

Corporation Bank

15.4% 14.8% 14.1%

15.2% 15.3%

14.2% 14.1% 13.5%

14.8% 14.8%

0.0%

4.0%

8.0%

12.0%

16.0%

2022 2023 2024 2025 Jun -26

Total Risk-based Capital Ratio

Corporation Bank

5.85

6.49

6.75 6.73 6.69 6.68

1.96

2.37

2.65

3.11

3.42

3.79

0.38

1.43

2.42 2.32 2.21 2.16

4.27 4.31 4.12 4.21 4.27 4.41

2022 2023 2024 2025 Mar-26 QTD Jun-26 QTD

Yield on Loans Yield on securities Cost of Interest Bearing Deposits NIM

NIM, Yields, and Costs

(%)

Net Interest Income and Net Interest Margin (NIM) Trends

Second Quarter 2026 Investor Presentation

Noninterest Income Trends

Second Quarter 2026 Investor Presentation

21% 21% 20% 18%

18% 16%

20% 20% 20% 18%

18% 15%

41% 34% 34%

40%

41% 42%

9% 10%

10% 16% 16%

15%

14%

19%

$29,212 $29,615 $30,538 $34,631

$17,421

$20,326

2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD

Interchange income Service charges and fees Mortgage banking income

Wealth management income Other income

Noninterest Income

($ mil)

Gain on Sale of Loans

($ mil)

Lender Solutions Fee Income

($ mil)

85%

89% 90%

88%

91% 85%

15%

11% 10%

12%

9% 15%

$697.3

$498.8 $527.8

$680.2

$327.3

$413.3

2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD

Purchases Refinancings

$1.7

$2.0 $2.0

$2.9

$1.3

$1.8

2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD

Originations

($ mil)

Lender Solutions active clientele included 23 community financial institutions as of June 30, 2026

$7.5

$5.8 $6.1

$8.0

$4.3

$5.0

2022 2023 2024 2025 Jun-25 YTD Jun-26 YTD

Funding Sources

Second Quarter 2026 Investor Presentation

* The Corporation may rely on brokered deposits on a limited basis as a means of maintaining and diversifying liquidity and funding sources. Internal policy limits brokered deposits to 20 percent of total deposits.

June 30, 2026

($ in thousands) Available Used Net Availability

Excess cash reserves $42,739 $ - $42,739

Borrowings from FHLB 286,074 45,000 241,074

Borrowings from Federal Reserve Bank 353,729 - 353,729

Unsecured federal funds agreements 75,000 - 75,000

Unpledged securities 339,753 - 339,753

Total Liquidity Sources $1,097.295 $45,000 $1,052,295

Uninsured and Uncollateralized Deposits $560,888

Coverage Ratio 188%

Brokered deposits * $586,848 $17,966 $568,882

Financial Summary – Balance Sheet

Second Quarter 2026 Investor Presentation

As of

June 30, March 31, December 31, September 30, June 30,

($ thousands) 2026 2026 2025 2025 2025

Balance Sheet

Interest-bearing deposits in other banks $ 42,739 $ 62,141 $ 65,510 $ 80,843 $ 62,289

Securities - available for sale, at fair value 458,252 470,619 458,111 439,034 434,506

Loans held for sale, at fair value 44,066 56,120 40,911 33,478 44,757

Loans, net:

Community banking segment 1,638,580 1,596,842 1,572,883 1,527,809 1,513,082

Consumer finance segment 434,534 438,545 442,016 440,968 439,005

Total loans, net of allowance for credit losses 2,073,114 2,035,387 2,014,899 1,968,777 1,952,087

Other assets 191,797 189,481 189,063 189,160 192,753

Total assets $ 2,809,968 $ 2,813,748 $ 2,768,494 $ 2,711,292 $ 2,686,392

Deposits:

Noninterest-bearing demand deposits $ 561,160 $ 568,420 $ 543,673 $ 558,013 $ 555,759

Savings and interest-bearing deposits 884,584 907,732 905,683 870,267 857,613

Time deposits 919,614 923,304 896,367 869,755 842,942

Total deposits 2,365,358 2,399,456 2,345,723 2,298,035 2,256,314

FHLB advances 45,000 30,000 40,000 40,000 52,000

Subordinated notes 65,510 65,501 65,493 65,484 65,475

Other borrowings 7,664 7,750 7,842 7,922 28,660

Other liabilities 48,044 44,929 47,088 45,964 43,027

Total liabilities 2,531,576 2,547,636 2,506,146 2,457,405 2,445,476

Total equity 278,392 266,112 262,348 253,887 240,916

Total liabilities and equity $ 2,809,968 $ 2,813,748 $ 2,768,494 $ 2,711,292 $ 2,686,392

Financial Summary – Income Statement

Second Quarter 2026 Investor Presentation

As of or For the Three Months Ended

June 30, March 31, December 31, September 30, June 30,

($ thousands, except per share data) 2026 2026 2025 2025 2025

Income Statement

Interest income:

Interest and fees on loans $ 35,690 $ 34,715 $ 34,842 $ 34,683 $ 33,716

Interest on interest-bearing deposits in other banks 471 651 864 719 413

Interest and dividends on securities 4,190 3,780 3,615 3,381 3,278

Total interest income 40,351 39,146 39,321 38,783 37,407

Interest expense:

Savings and interest-bearing deposits 2,240 2,263 2,328 2,226 2,006

Time deposits 7,526 7,586 7,857 7,725 7,547

FHLB advances 328 429 450 450 447

Subordinated notes 1,110 1,102 1,108 1,112 756

Other borrowings 57 57 60 96 143

Total interest expense 11,261 11,437 11,803 11,609 10,899

Net interest income 29,090 27,709 27,518 27,174 26,508

Provision for credit losses 2,650 3,600 3,550 2,900 2,100

Net interest income after provision for credit losses 26,440 24,109 23,968 24,274 24,408

Financial Summary – Income Statement

Second Quarter 2026 Investor Presentation

As of or For the Three Months Ended

June 30, March 31, December 31, September 30, June 30,

($ thousands, except per share data) 2026 2026 2025 2025 2025

Income Statement

Noninterest income:

Gain on sales of loans 2,436 2,545 1,778 1,896 2,458

Interchange income 1,673 1,577 1,580 1,610 1,621

Service charges on deposit accounts 1,061 1,020 1,052 1,049 1,022

Investment income from other equity interests 8,332 372 210 197 127

Mortgage banking fee income 985 850 732 735 888

Wealth management services income, net 847 808 820 795 756

Mortgage lender services income 969 820 784 768 762

Other service charges and fees 517 504 504 520 551

Net losses on sales, maturities and calls of available for sale securities (7,129) - - - -

Other income, net 2,085 54 906 1,274 1,663

Total noninterest income 11,776 8,550 8,366 8,844 9,848

Noninterest expense

Salaries and employee benefits 16,501 14,357 14,027 14,420 14,846

Occupancy 2,402 2,215 2,265 2,245 2,099

Data processing 3,403 3,175 3,081 3,026 2,989

Professional fees 943 917 876 901 1,001

Insurance expense 440 430 415 399 416

Marketing and advertising expenses 639 547 625 660 549

Loan processing and collection expenses 918 873 878 831 745

Other 2,101 1,801 2,074 1,808 1,985

Total noninterest expense 27,347 24,315 24,241 24,290 24,630

Income before taxes 10,869 8,344 8,093 8,828 9,626

Income tax expense 2,243 1,550 1,377 1,715 1,859

Net income $ 8,626 $ 6,794 $ 6,716 $ 7,113 $ 7,767

Earnings per share 2.63 $ 2.08 $ 2.07 $ 2.18 $ 2.37

Financial Summary – Ratios

Second Quarter 2026 Investor Presentation

As of or For the Three Months Ended

June 30, March 31, December 31, September 30, June 30,

2026 2026 2025 2025 2025

Balance Sheet Metrics

Loans/Deposits 89.5% 87.2% 87.6% 87.4% 88.5%

Tangible common equity/tangible assets 9.04% 8.59% 8.59% 8.46% 8.05%

Key performance ratios

Net interest margin 4.41% 4.27% 4.20% 4.24% 4.27%

Efficiency ratio 66.9% 67.1% 67.6% 67.4% 67.7%

Annualized return on average assets 1.23% 0.97% 0.97% 1.06% 1.18%

Annualized return on average equity 12.75% 10.19% 10.41% 11.60% 13.06%

Annualized return on average tangible common equity 14.08% 11.28% 11.67% 13.07% 14.70%

Dividend payout ratio on common stock 18.3% 23.1% 22.2% 21.1% 19.4%

Tangible book value per common share $ 77.45 $ 73.70 $ 72.60 $ 70.15 $ 66.12

At C&F, we believe in hard work

and in supporting one another.

We believe that when we put people first,

we all grow and move toward our goals.

We believe expertise is important,

but so are people

—

because when we focus on them,

everything else falls into place.

We’re here to help our communities, our

neighbors, and our team members

focus on what matters most.

To us, that’s you.

It’s always you.

Reconciliation of Non-GAAP Disclosures

Second Quarter 2026 Investor Presentation

For the Year Ended For the Three Months Ended For the Six Months Ended

($ thousands) 2022 2023 2024 2025 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Jun-25 Jun-26

Adjusted Net Income and Adjusted

Earnings Per Share

Net income, as reported $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,767 $ 7,113 $ 6,716 $ 6,794 $ 8,626 $ 13,162 $ 15,420

Gain on sale of other equity interest - - - - - - - - (6,375) - (6,375)

Loss on securities portfolio restructuring - - - - - - - - 5,632 - 5,632

Adjusted Net Income $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,767 $ 7,113 $ 6,716 $ 6,794 $ 7,883 $ 13,162 $ 14,677

Weighted average shares - basic and

diluted 3,517,114 3,411,995 3,299,574 3,237,541 2,635,977 3,238,057 3,238,417 3,248,485 2,802,069 2,609,291 2,797,190

Earnings per share - basic and diluted,

as reported $ 8.29 $ 6.92 $ 6.01 $ 8.29 $ 2.37 $ 2.18 $ 2.07 $ 2.08 $ 2.63 $ 4.03 $ 4.71

Sale of other equity interest - - - - - - - - (1.96) - (1.96)

Securities portfolio restructuring - - - - - - - - 1.73 - 1.73

Adjusted earnings per share - basic and

diluted $ 8.29 $ 6.92 $ 6.01 $ 8.29 $ 2.37 $ 2.18 $ 2.07 $ 2.08 $ 2.40 $ 4.03 $ 4.48

Adjusted ROAE

Average total equity, as reported $ 197,876 $ 203,261 $ 220,856 $ 243,033 $ 237,823 $ 245,218 $ 257,974 $ 266,763 $ 270,666 $ 234,328 $ 268,725

Annualized ROAE, as reported 14.84% 11.68% 9.02% 11.11% 13.06% 11.60% 10.41% 10.19% 12.75% 11.23% 11.48%

Annualized adjusted ROAE 14.84% 11.68% 9.02% 11.11% 13.06% 11.60% 10.41% 10.19% 11.65% 11.23% 10.92%

Adjusted ROAA

Average total assets, as reported $2,319,683 $ 2,393,497 $2,494,496 $2,667,795 $ 2,635,977 $ 2,691,263 $ 2,759,427 $ 2,792,255 $ 2,802,069 $ 2,609,291 $ 2,797,190

Annualized ROAA, as reported 1.27% 0.99% 0.80% 1.01% 1.18% 1.06% 0.97% 0.97% 1.23% 1.01% 1.10%

Annualized adjusted ROAA 1.27% 0.99% 0.80% 1.01% 1.18% 1.06% 0.97% 0.97% 1.13% 1.01% 1.05%

Reconciliation of Non-GAAP Disclosures

Second Quarter 2026 Investor Presentation

For the Year Ended For the Three Months Ended For the Six Months Ended

($ thousands) 2022 2023 2024 2025 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Jun-25 Jun-26

Return on Average Tangible Common Equity

Average total equity, as reported $ 197,876 $ 203,261 $ 220,856 $ 243,033 $ 237,823 $ 245,218 $ 257,974 $ 266,763 $ 270,666 $ 234,328 $ 268,725

Average goodwill (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191)

Average other intangible assets (1,820) (1,538) (1,273) (1,017) (1,045) (985) (924) (896) (868) (1,081) (882)

Average noncontrolling interest (737) (675) (649) (693) (652) (538) (479) (590) (626) (696) (663)

Average tangible common equity $ 170,128 $ 175,857 $ 193,743 $ 216,132 $ 210,935 $ 218,504 $ 231,380 $ 240,086 $ 243,981 $ 207,360 $ 241,989

Net income $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,767 $ 7,113 $ 6,716 $ 6,794

8,626 $ 13,162 $ 15,420

Amortization of intangibles 298 273 260 238 63 63 50 25 25 125 50

Net income attributable to noncontrolling interest (210) (142) (84) (156) (76) (38) (15) (47) (63) (103) (110)

Net income attributable to C&F Financial Corporation $ 29,457 $ 23,877 $ 20,094 $ 27,073 $ 7,754 $ 7,138 $ 6,751 $ 6,772

8,588 $ 13,184 $ 15,360

Adjusted net income $ 29,369 $ 23,746 $ 19,918 $ 26,991 $ 7,767 $ 7,113 $ 6,716 $ 6,794

7,883 $ 13,162 $ 14,677

Amortization of intangibles 298 273 260 238 63 63 50 25 25 125 50

Net income attributable to noncontrolling interest (210) (142) (84) (156) (76) (38) (15) (47) (63) (103) (110)

Net income attributable to C&F Financial Corporation $ 29,457 $ 23,877 $ 20,094 $ 27,073 $ 7,754 $ 7,138 $ 6,751 $ 6,772

7,845 $ 13,184 $ 14,617

Annualized return on average tangible common equity 17.31% 13.58% 10.37% 12.53% 14.70% 13.07% 11.67% 11.28% 14.08% 12.72% 12.69%

Adjusted annualized return on average tangible common

equity 17.31% 13.58% 10.37% 12.53% 14.70% 13.07% 11.67% 11.28% 12.86% 12.72% 12.08%

Reconciliation of Non-GAAP Disclosures

Second Quarter 2026 Investor Presentation

As of

($ thousands) Dec-22 Dec-23 Dec-24 Dec-25 Jun-25 Sep-25 Mar-26 Jun-26

Tangible Common Equity (TCE) / Tangible Assets (TA)

Total equity, as reported $ 196,233 $ 217,516 $ 226,970 $ 262,348 $ 240,916 $ 253,887 $ 266,112 $ 278,392

Goodwill (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191)

Other intangible assets (1,679) (1,407) (1,147) (909) (1,022) (959) (884) (859)

Noncontrolling interest (599) (638) (610) (595) (603) (604) (642) (607)

Tangible common equity $ 168,764 $ 190,280 $ 200,022 $ 235,653 $ 214,100 $ 227,133 $ 239,395 $ 251,735

Total assets, as reported $2,332,317 $ 2,438,498 $2,563,374 $2,768,494 $ 2,686,392 $ 2,711,292 $ 2,813,748 $ 2,809,968

Goodwill (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191)

Other intangible assets (1,679) (1,407) (1,147) (909) (1,022) (959) (884) (859)

Noncontrolling interest (599) (638) (610) (595) (603) (603) (642) (607)

Tangible assets $2,304,848 $ 2,411,262 $2,536,426 $2,741,799 $ 2,659,576 $ 2,684,539 $ 2,787,031 $ 2,783,311

Tangible Common Equity (TCE) / Tangible Assets (TA) 7.32% 7.89% 7.89% 8.59% 8.05% 8.46% 8.59% 9.04%

Tangible Book Value Per Share

Equity attributable to C&F Financial Corporation $ 195,634 $ 216,878 $ 226,360 $ 261,753 $ 240,313 $ 253,283 $ 265,470 $ 277,785

Less goodwill (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191) (25,191)

Less other intangible assets (1,679) (1,407) (1,147) (909) (1,022) (959) (884) (859)

Tangible equity attributable to C&F Financial Corporation $ 168,764 $ 190,280 $ 200,022 $ 235,653 $ 214,100 $ 227,133 $ 239,395 $ 251,735

Shares outstanding 3,476,614 3,374,098 3,233,672 3,245,972 3,238,085 3,237,634 3,248,149 3,250,307

Book value per share $ 56.27 $ 64.28 $ 70.00 $ 80.64 $ 74.21 $ 78.23 $ 81.73 $ 85.46

Tangible book value per share $ 48.54 $ 56.40 $ 61.86 $ 72.60 $ 66.12 $ 70.15 $ 73.70 $ 77.45

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