Business Wire·Jul 22, 2026, 7:30 AM ET

City Holding Company Announces Quarterly Results

CHCO

City Holding Company reported net income of $33.3 million ($2.35 per diluted share) for the quarter ended June 30, 2026.
Return on assets was 1.98% & return on tangible equity was 20.7% for the second quarter of 2026.
Net interest income increased 1.9% to $60.8 million from $59.6 million in the first quarter of 2026.
Net interest margin remained stable at 3.97% for both the first & second quarters of 2026.
Nonperforming assets to total loans ratio decreased from 0.27% to 0.24% between March 31 & June 30, 2026.
The company recorded a $0.4 million provision for credit losses in the second quarter of 2026 compared to a $1.9 million recovery in the same period of 2025.
Non-interest income rose to $20.8 million in the second quarter of 2026 from $19.5 million in the second quarter of 2025.
Non-interest expenses increased 1.5% to $39.8 million in the second quarter of 2026, driven by higher salaries & equipment costs.
Total loans grew 0.2% to $4.50 billion at June 30, 2026, with increases in commercial & industrial & home equity loans.
Period-end deposit balances declined $3.5 million, while average depository balances increased $59.5 million to $5.33 billion.
The effective income tax rate for the second quarter of 2026 was 19.4%.
Loan-to-deposit ratio was 84.3% & tangible equity ratio remained at 9.9% at June 30, 2026.
City National Bank had borrowing capacity of an additional $1.8 billion from Federal Reserve & Federal Home Loan Bank facilities.
The Board approved a quarterly cash dividend of $0.87 per share payable on July 31, 2026.
The company repurchased 59,156 shares during the quarter at an average price of $122.46 under its 2026 share repurchase program.
City Holding Company operates 95 branches across West Virginia, Kentucky, Virginia, & Ohio.