When did C&F Financial's 2026 share repurchase authorization begin and when does it expire?

The 2026 Repurchase Program was effective January 1, 2026 and expires December 31, 2026. It was authorized by the Board of Directors with a $5.0 million cap on total repurchases during the year.

How many shares did C&F Financial repurchase in Q2 2026 and at what average price?

The corporation repurchased 4,095 shares for $312,000 in Q2 2026, implying an average price of approximately $76.19 per share. This represents minimal share count reduction of roughly 0.1% of outstanding shares.

How much authorization remains available under the 2026 program?

Approximately $4.688 million remains available under the 2026 authorization as of June 30, 2026. The corporation has deployed $312,000 of the $5.0 million authorization in the first half of 2026.

Does C&F Financial have any restrictions on timing or method for share repurchases?

Yes. The filing indicates repurchases are executed under Rule 10b-18, the SEC's safe-harbor rule for open-market share repurchases. This rule requires compliance with volume, timing, price, and broker requirements to avoid liability for market manipulation.

How does the repurchase price compare to the corporation's book value?

The Q2 execution price of $76.19 per share is below the corporation's stated book value of $85.46 per share as of June 30, 2026, representing a 10.8% discount. This is favorable to remaining shareholders, as buybacks at a discount to book value are accretive on a per-share basis.

What was the corporation's dividend payout ratio in Q2, and how does it compare to the repurchase program?

The Board declared a $0.48 per share quarterly dividend in Q2, representing an 18.3% payout ratio of Q2 earnings per share. Dividend payments far exceed share repurchase activity, reflecting the corporation's prioritization of dividends in its capital allocation strategy.

CFFI 8-K Filed 2026-07-23 Execution disclosure

C&F Financial repurchased $312K shares in Q2 2026 under $5M authorization

Bank executed 4,095 shares under year-long repurchase program effective January–December 2026.

Shares repurchased4K

Avg price paid$76.19

Remaining$5M

What the filing says

C&F Financial Corporation repurchased 4,095 shares of its common stock for $312,000 during the second quarter of 2026 under the Corporation's 2026 Share Repurchase Program. The Board of Directors authorized the program on January 1, 2026, with a cap of $5.0 million of common stock repurchases through December 31, 2026.

The repurchases were executed via open-market purchases under Rule 10b-18. The average price paid per share was approximately $76.19 ($312,000 ÷ 4,095 shares). The stock closed at $78.12 per share on July 22, 2026, the date of this earnings report.

As of the filing date, approximately $4.688 million remained available under the 2026 authorization ($5.0 million less $312,000 in Q2 repurchases). The program is scheduled to expire on December 31, 2026.

Rule 10b-18 open-market purchases

The Corporation has a share repurchase program, effective January 1, 2026 through December 31, 2026, that was authorized by the Board of Directors to repurchase up to $5.0 million of the Corporation's common stock (the 2026 Repurchase Program). During the second quarter of 2026, the Corporation repurchased 4,095 shares, or $312,000 of its common stock under the 2026 Repurchase Program. — C & F FINANCIAL CORP 8-K filing · View on SEC EDGAR →

What this means

C&F Financial's Q2 repurchase activity represents modest capital deployment under a year-long $5.0 million authorization. At the execution rate of $312,000 per quarter, the program would fully exhaust its authorization by year-end if continued evenly. The repurchase price of $76.19 per share trades below the corporation's stated book value of $85.46 per share (as of June 30, 2026), suggesting execution at a discount to tangible book value. Share count reduction of 4,095 shares is negligible relative to the ~3.25 million weighted average shares outstanding for the period, having minimal direct impact on earnings per share. The program demonstrates conservative capital management aligned with the corporation's dividend policy (18.3% payout ratio in Q2).

Frequently asked questions

When did C&F Financial's 2026 share repurchase authorization begin and when does it expire?: The 2026 Repurchase Program was effective January 1, 2026 and expires December 31, 2026. It was authorized by the Board of Directors with a $5.0 million cap on total repurchases during the year.
How many shares did C&F Financial repurchase in Q2 2026 and at what average price?: The corporation repurchased 4,095 shares for $312,000 in Q2 2026, implying an average price of approximately $76.19 per share. This represents minimal share count reduction of roughly 0.1% of outstanding shares.
How much authorization remains available under the 2026 program?: Approximately $4.688 million remains available under the 2026 authorization as of June 30, 2026. The corporation has deployed $312,000 of the $5.0 million authorization in the first half of 2026.
Does C&F Financial have any restrictions on timing or method for share repurchases?: Yes. The filing indicates repurchases are executed under Rule 10b-18, the SEC's safe-harbor rule for open-market share repurchases. This rule requires compliance with volume, timing, price, and broker requirements to avoid liability for market manipulation.
How does the repurchase price compare to the corporation's book value?: The Q2 execution price of $76.19 per share is below the corporation's stated book value of $85.46 per share as of June 30, 2026, representing a 10.8% discount. This is favorable to remaining shareholders, as buybacks at a discount to book value are accretive on a per-share basis.
What was the corporation's dividend payout ratio in Q2, and how does it compare to the repurchase program?: The Board declared a $0.48 per share quarterly dividend in Q2, representing an 18.3% payout ratio of Q2 earnings per share. Dividend payments far exceed share repurchase activity, reflecting the corporation's prioritization of dividends in its capital allocation strategy.

execution rule-10b-18 community-bank small-cap virginia-bank q2-2026

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.