Quarterly ResultJul 22, 2026, 11:22 AM
City Holding Q2 Net Income $33.3M; EPS $2.35
AI Summary
City Holding Company announced strong financial results for the second quarter ended June 30, 2026, with net income rising to $33.3 million and diluted earnings per share reaching $2.35. The company saw an increase in both net interest income and non-interest income, alongside an improvement in credit quality with a decrease in nonperforming assets. Additionally, City Holding declared a quarterly cash dividend of $0.87 per share and continued its share repurchase program.
Key Highlights
- Net income for Q2 2026 was $33.3 million, up from $31.7 million in Q1 2026.
- Diluted earnings per share for Q2 2026 were $2.35, up from $2.20 in Q1 2026.
- Net interest income increased 1.9% to $60.8 million in Q2 2026 from $59.6 million in Q1 2026.
- Non-interest income increased to $20.8 million in Q2 2026 from $19.5 million in Q2 2025.
- Nonperforming assets to total loans and OREO decreased to 0.24% at June 30, 2026, from 0.27% at March 31, 2026.
- Loans increased by $10.2 million (0.2%) to $4.50 billion at June 30, 2026.
- The Board approved a quarterly cash dividend of $0.87 per share, payable July 31, 2026.
- The Company repurchased 59,156 common shares at an average price of $122.46 in Q2 2026.
Price Impact
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