What is C&F Financial's provision for credit losses?

C&F Financial (CFFI) reported provision for credit losses of $3.7M in Q3 2024.

How has C&F Financial's provision for credit losses changed year-over-year?

C&F Financial's provision for credit losses increased by 76.2% year-over-year, from $2.1M to $3.7M.

What does provision for credit losses mean?

Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

C&F Financial CFFI Provision for Credit Losses

Discontinued — last reported Q3 '24

Provision for Credit Losses at other companies

JPMorgan ChaseJPM

$2.51B-24.1%

Wells Fargo & CompanyWFC

$1.14B+21.8%

Truist FinancialTFC

$479M+4.6%

VAB

Virginia National Bankshares CorporationVABK

-$336K-110%

National BanksharesNKSH

-$73K-126%

Citizens Financial Services, Inc.CZFS

$500K-20.0%

Segments

By segment

See full

Consumer Finance$3.3M+13.8%

Community Banking$300K+200%

Other financials

Income statement

See full

Revenue$36.3M+11.3%

Net income$6.7M+25.7%

EPS (diluted)$2.08+25.3%

Balance sheet

See full

Cash & equivalents$77.4M+1.9%

Total debt$20.0M-44.3%

Total equity$265.5M+13.1%

Total assets$2.8B+7.7%

Cash flow

See full

Operating cash flow-$7.6M-336%

CapEx$322.0K+20.6%

Free cash flow-$7.9M-368%

Valuation

See full

Market cap$260.35M+33.6%

Enterprise value$202.92M+29.2%

P/E9.2×+1.3×

P/S1.8×+0.4×

Profitability

See full

Net margin19.5%+2.7pp

FCF margin7.8%-19.9pp

Returns & leverage

See full

Return on equity11.3%+1.6pp

Debt / equity0.1×-0.1×

Where this comes from

Reported directly by C&F Financial in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal.

The official record: C&F Financial’s 10-Q, filed November 4, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is C&F Financial's provision for credit losses?: C&F Financial (CFFI) reported provision for credit losses of $3.7M in Q3 2024.
How has C&F Financial's provision for credit losses changed year-over-year?: C&F Financial's provision for credit losses increased by 76.2% year-over-year, from $2.1M to $3.7M.
What does provision for credit losses mean?: Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.