earnings
confidence high
sentiment positive
materiality 0.80
City Holding posts record Q3 net income $29.9M, EPS $1.98; raises dividend 10%
CITY HOLDING CO
2023-Q3 EPS reported
$5.77
- Record net income of $29.9M, diluted EPS $1.98; ROA 1.94%, ROE (tangible) 24.1%.
- Net interest margin increased to 4.03% from 4.00% in Q2; loan growth of $85.3M.
- Nonperforming assets ratio improved to 0.15%; provision for credit losses $0.2M.
- Quarterly dividend raised 10% to $0.715 per share, payable Oct 31.
- Repurchased 109,000 shares at $89.33; 220,000 remaining under repurchase plan.