As of March 31, 2024, management does not intend to sell any impaired security and it is not more than likely that it will be required to sell any impaired security before the recovery of its amortized cost basis. The unrealized losses on debt securities are primarily the result of interest rate changes, credit spread fluctuations on agency-issued mortgage-related securities, general financial market uncertainty and market volatility. These conditions should not prohibit the Company from receiving its contr ...

NEWS RELEASE For Further Information Contact: David L. Bumgarner, Executive Vice President and Chief Financial Officer (304) 769-1169 Net Interest Income The Company's ratio of nonperforming assets to total loans and other real estate owned increased from 0.21%, or $8.6 million, at December 31, 2023 to 0.28%, or $11.5 million, at March 31, 2024. Total past due loans decreased from $10.9 million, or 0.27% of total loans outstanding, at December 31, 2023, to $6.7 million, or 0.16% of total loans outstanding, ...

For the quarter ended March 2024, City Holding (CHCO) reported revenue of $72.6 million, up 0.2% over the same period last year. EPS came in at $1.97, compared to $2.03 in the year-ago quarter.The reported revenue represents a surprise of +1.60% over the Zacks Consensus Estimate of $71.45 million. With the consensus EPS estimate being $1.84, the EPS surprise was +7.07%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

City Holding (CHCO) came out with quarterly earnings of $1.97 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $2.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.07%. A quarter ago, it was expected that this bank holding company for City National Bank of West Virginia would post earnings of $1.88 per share when it actually produced earnings of $1.84, delivering a surprise of ...

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CHARLESTON, W.V.--(BUSINESS WIRE)--City Holding Company, the “Company” (NASDAQ: CHCO), has appointed James M. Parsons to its Board of Directors to fill a vacancy created by Thomas L. Burnette not standing for re-election at the Company’s 2023 Annual Meeting of Shareholders. Mr. Parsons’ appointment is effective immediately and he will stand for election by the shareholders at the next annual meeting scheduled for April 2024. This increases the number of directors of the Company from 12 to 13. The Board of D ...

CHARLESTON, W.V.--(BUSINESS WIRE)--City Holding Company, “the Company” (NASDAQ:CHCO), a $6.2 billion bank holding company headquartered in Charleston, today announced that the board authorized the Company to buy back up to 1,000,000 of its common shares (approximately 7% of outstanding shares) in open market transactions at prices that are accretive to the earnings per share of continuing shareholders. Management may commence or suspend purchases at any time or from time-to-time based on market and business ...

For the quarter ended December 2023, City Holding (CHCO) reported revenue of $69.13 million, down 2.5% over the same period last year. EPS came in at $1.84, compared to $2.05 in the year-ago quarter.The reported revenue represents a surprise of -4.66% over the Zacks Consensus Estimate of $72.5 million. With the consensus EPS estimate being $1.88, the EPS surprise was -2.13%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

CHARLESTON, W. Va.--(BUSINESS WIRE)--City Holding Company (“Company” or “City”) (NASDAQ:CHCO), a $6.2 billion bank holding company headquartered in Charleston, West Virginia, today announced record net income of $114.4 million and record diluted earnings of $7.61 per share for the year ended December 31, 2023. For the year ended December 31, 2023, the Company achieved a return on assets of 1.87% and a return on tangible equity of 23.8%. “2023 was a challenging year for the banking industry, but a great y ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) 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, $2.50 par value CHCO NASDAQ Global Select Market ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXC ...