City Holding Q1 net income $24.3M, EPS $1.63; includes $5.6M acquisition costs

CITY HOLDING CO

2023-Q1 EPS reported $1.63

Net income $24.3M, diluted EPS $1.63; after-tax drag of $0.40 from $5.6M Citizens acquisition costs and $2.0M credit loss on acquired loans.
Net interest income $53.5M (+2.7% linked qtr); NIM expanded to 4.05% from 3.89%.
Loans up $248.4M to $3.89B primarily from Citizens; organic loans declined $6.3M.
Nonperforming assets stable at 0.17%; provision for credit losses $2.9M.
Declared $0.65 dividend payable Apr 28; repurchased 218k shares at $92.10.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CITY HOLDING CO reported quarter ended March 31, 2023 results: net income $24.3 million, EPS $1.63 per share.

Period: quarter ended March 31, 2023
Net income: $24.3 million
EPS: $1.63 per share
Result: reported results

Exact text from the filing

City Holding Company (“Company” or “City”) (NASDAQ:CHCO), a $6.2 billion bank holding company headquartered in Charleston, West Virginia, today announced quarterly net income of $24.3 million and diluted earnings of $1.63 per share for the quarter ended March 31, 2023.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

CITY HOLDING CO filing history →

Source: SEC EDGAR

accession 0000726854-23-000102

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