Welcome to our dedicated page for City Hldg Co news (Ticker: CHCO), a resource for investors and traders seeking the latest updates and insights on City Hldg Co stock.
City Holding Co (CHCO) provides essential financial services through its City National Bank subsidiary, serving communities across West Virginia, Virginia, Ohio, and Kentucky. This news hub offers investors and stakeholders timely access to material developments affecting this regional banking leader.
Track all official CHCO press releases and curated financial news in one centralized location. Our repository simplifies monitoring of earnings announcements, strategic initiatives, leadership updates, and regulatory filings - critical information for assessing the company's community banking operations.
Key updates include quarterly financial results, branch network expansions, product launches, and corporate governance changes. Bookmark this page for efficient tracking of CHCO's performance in personal banking, commercial lending, and wealth management services.
City Holding Company (NASDAQ:CHCO), a $6.6 billion bank holding company, reported strong Q1 2025 financial results with net income of $30.3 million and diluted earnings of $2.06 per share. The company achieved a return on assets of 1.89% and a return on tangible equity of 20.7%.
Net interest income increased by $0.2 million to $55.8 million, with the net interest margin improving from 3.75% to 3.84%. Total loans increased by $11.0 million to $4.29 billion, while deposits grew by $114.3 million. The company maintains strong capitalization with tangible equity of $597 million and a tangible equity ratio of 9.2%.
The Board approved a quarterly cash dividend of $0.79 per share and continued its share repurchase program, buying back 80,600 shares at an average price of $117.42. City National operates 97 branches across West Virginia, Kentucky, Virginia, and Ohio.
City Holding Company (NASDAQ:CHCO) reported record net income of $117.1 million and diluted earnings of $7.89 per share for 2024, achieving a return on assets of 1.85% and return on tangible equity of 21.2%. The company's net interest income increased slightly from $219.2 million in 2023 to $220.2 million in 2024.
The bank's loan portfolio grew by $148.9 million (3.6%) to $4.27 billion, while deposits increased by $209.9 million (4.3%). The company maintained strong asset quality with nonperforming assets at 0.35% of total loans. During 2024, CHCO repurchased 179,000 common shares at an average price of $100.24 and maintained a quarterly dividend of $0.79 per share.
City National Bank operates 97 branches across West Virginia, Kentucky, Virginia, and Ohio, with strong capitalization including tangible equity of $571 million and a tangible equity ratio of 9.1% as of December 31, 2024.
City Holding Company (NASDAQ:CHCO) reported Q3 2024 net income of $29.8 million with diluted earnings of $2.02 per share, achieving a return on assets of 1.87% and return on tangible equity of 20.9%. Net interest income increased by $1.0 million (1.8%) to $55.6 million. The company's nonperforming assets ratio increased to 0.39%, with total past due loans at 0.27%. A notable $2.0 million charge-off was recorded for a movie theater loan. Non-interest income grew to $20.3 million, while non-interest expenses increased by 7.5% to $37.6 million. The company maintains strong capitalization with $581 million in tangible equity and announced a 10% increase in quarterly dividend to $0.79 per share.
City Holding Company (NASDAQ: CHCO), a $6.3 billion bank holding company based in Charleston, has declared a dividend of 79 cents per common share for shareholders of record as of October 15, 2024, payable on October 31, 2024. This represents a 10% increase from the previous quarter's dividend of 71.5 cents per share.
President and CEO Charles (Skip) Hageboeck stated that this decision reflects the company's commitment to returning value to shareholders. The increased dividend, now $3.16 on an annualized basis, is based on the company's strong capital and liquidity position, financial performance in 2024, and confidence in sustaining this performance. City Holding Company is the parent of City National Bank of West Virginia, which operates 97 branches across four states.
City Holding Company (NASDAQ: CHCO) has appointed Major General (retired) James A. Hoyer to its Board of Directors, effective immediately. This appointment increases the board size from 13 to 14 members. Hoyer, who will stand for election at the April 2025 annual meeting, is expected to be recommended as a Class II director with a term expiring in 2028.
Hoyer brings extensive leadership and risk management experience, having served as The Adjutant General for West Virginia from 2011 to 2021. He currently serves as Vice President for Economic Innovation at West Virginia University and holds advisory roles in civil-military innovation and energy sectors. City Holding Company, headquartered in Charleston, WV, is a $6.3 billion bank holding company and parent of City National Bank of West Virginia, operating 97 branches across four states.
City Holding Company (NASDAQ:CHCO) reported quarterly net income of $29.1 million and diluted earnings of $1.96 per share for Q2 2024. The company achieved a return on assets of 1.85% and a return on tangible equity of 22.2%. Net interest income increased slightly to $54.6 million, while the net interest margin decreased to 3.87%. The ratio of nonperforming assets to total loans improved to 0.25%. Non-interest income decreased by 9.9% to $18.6 million, while non-interest expenses increased by 5.8% to $36.8 million. Loans grew by 0.5% to $4.11 billion, and deposits increased by $11.5 million. The company maintains strong capitalization with a tangible equity ratio of 8.5% and approved a quarterly cash dividend of $0.715 per share.