Valuation, from the filing
| Public float | $186.05M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $57.14 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 6.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 1.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
6.9× earnings today, against a median of 7.3× across 10 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $186.05M | 6.9× | |
| 2024-06-30 | $147.65M | 7.4× | |
| 2023-06-30 | $170.82M | 7.2× | |
| 2022-06-30 | $151.25M | 5.2× | |
| 2021-06-30 | $171.47M | 6.0× | |
| 2020-06-30 | $114.21M | 5.2× | |
| 2019-06-28 | $176.73M | 9.4× | |
| 2018-06-30 | $205.72M | 11.4× | |
| 2017-06-30 | $153.47M | 23.4× | |
| 2016-06-30 | $143.77M | 10.7× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the State Commercial Banks filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| FCF margin | 15.7% | 7th | |
| Net margin | 19.1% | 12th | |
| CapEx / revenue | 1.7% | 15th | |
| SBC / revenue | 1.3% | 20th | |
| Effective tax rate | 18.4% | 21th | |
| Revenue YoY growth | 10.6% | 76th |
C & F FINANCIAL CORP (CFFI) reported revenue of $140.84M and net income of $26.84M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from C & F FINANCIAL CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under State Commercial Banks.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $140.84M | $127.31M | $127.32M | $122.68M | $135.20M | $138.14M | $111.90M | $118.92M | $116.82M | $115.49M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $26.84M | $19.83M | $23.60M | $29.16M | $28.67M | $22.12M | $18.86M | $18.02M | $6.57M | $13.46M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 3.24M | shares 3.30M | shares 3.41M | shares 3.52M | shares 3.60M | shares 3.65M | shares 3.45M | shares 3.50M | shares 3.49M | shares 3.46M |
| Pretax income | $33.07M | $24.13M | $29.16M | $36.96M | $38.08M | $29.22M | $23.93M | $22.54M | $17.97M | $17.92M |
| Income tax expense | $6.08M | $4.22M | $5.42M | $7.60M | $8.96M | $6.80M | $5.08M | $4.52M | $11.39M | $4.46M |
| Diluted EPS | $8.29 | $6.01 | $6.92 | $8.29 | $7.95 | $6.06 | $5.47 | $5.15 | $1.88 | $3.89 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total assets | $2.77B | $2.56B | $2.44B | $2.33B | $2.26B | $2.09B | $1.66B | $1.52B | $1.51B | $1.45B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $2.51B | $2.34B | $2.22B | $2.14B | $2.05B | $1.89B | $1.49B | $1.37B | $1.37B | $1.31B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $262.35M | $226.97M | $217.52M | $196.23M | $211.02M | $194.47M | $165.28M | $151.96M | $141.70M | $139.21M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $25.19M | $25.19M | $25.19M | $25.19M | $25.19M | $25.19M | $14.42M | $14.42M | $14.42M | $14.42M |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $24.49M | $36.77M | $38.81M | $90.56M | $157.39M | -$80.37M | -$14.63M | $47.55M | $25.78M | $26.98M |
| Capital expenditures | $2.33M | $3.49M | $1.46M | $3.39M | $4.79M | $10.23M | $2.71M | $3.37M | $4.18M | $2.71M |
| Investing cash flow | -$169.36M | -$146.92M | -$56.34M | -$411.28M | -$138.69M | -$183.29M | -$35.93M | -$47.52M | -$59.91M | -$106.32M |
| Financing cash flow | $158.41M | $100.58M | $66.03M | $79.64M | $162.38M | $184.90M | $100.98M | -$4.44M | $50.36M | $29.60M |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Stock-based compensation | $1.85M | $1.92M | $1.99M | $1.97M | $1.70M | $1.45M | $1.47M | $1.34M | $1.45M | $1.22M |
| Common dividends paid | $5.95M | $5.78M | $5.99M | $5.76M | $5.68M | $5.55M | $5.13M | $4.93M | $4.64M | $4.46M |
| Common share repurchases | $943.00K | $8.76M | $7.76M | $5.37M | $8.23M | $1.06M | $4.92M | $1.54M | $560.00K | $414.00K |
| Depreciation & amortization | $3.92M | $3.86M | $3.88M | $4.36M | $4.74M | $4.19M | $3.87M | $3.67M | $3.45M | Unavailable |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $22.16M | $33.28M | $37.35M | $87.16M | $152.60M | -$90.60M | -$17.34M | $44.18M | $21.60M | $24.27M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | 15.7% | 26.1% | 29.3% | 71.1% | 112.9% | -65.6% | -15.5% | 37.2% | 18.5% | 21.0% |
| SBC / revenue | 1.3% | 1.5% | 1.6% | 1.6% | 1.3% | 1.0% | 1.3% | 1.1% | 1.2% | 1.1% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 10.6% | -0.0% | 3.8% | -9.3% | -2.1% | 23.5% | -5.9% | 1.8% | 1.2% | Unavailable |
| Net margin | 19.1% | 15.6% | 18.5% | 23.8% | 21.2% | 16.0% | 16.9% | 15.2% | 5.6% | 11.7% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 1.7% | 2.7% | 1.1% | 2.8% | 3.5% | 7.4% | 2.4% | 2.8% | 3.6% | 2.3% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 18.4% | 17.5% | 18.6% | 20.5% | 23.5% | 23.3% | 21.2% | 20.1% | 63.4% | 24.9% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CFFI in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.