C & F FINANCIAL CORP - 8-K Filing
C&F Financial Corporation completed the sale of its membership interest in Bearing Insurance Group, LLC on May 1, 2026, resulting in an estimated pre-tax gain of $8.3 million for Q2 2026. The company also executed a strategic restructuring of its securities portfolio by selling $72.6 million (book value) of low-yield assets and purchasing higher-yield ones totaling $67.8 million, which is expected to result in a pre-tax loss of $7.1 million but improve annualized earnings per share by approximately $0.51 and net interest margin by 9 basis points over time. (Items: 7.01 Regulation FD DisclosureSale of Membership Interest in Bearing Insurance Group, LLC and Strategic Restructuring of Securities PortfolioOn M, 8.01 Other Events2 The information under the heading “Sale of Membership Interest in Bearing Insurance Group, LLC and Strategic Restructuring of)
Tickers: $CFFI