earnings
confidence high
sentiment positive
materiality 0.75
City Holding reports record net income of $114.4M in 2023; diluted EPS $7.61
CITY HOLDING CO
2023-FY EPS reported
$7.61
revenue$69,068,000
- Full-year 2023 net income $114.4M, diluted EPS $7.61 (record); ROA 1.87%, ROTE 23.8%.
- Net interest income increased to $219.2M from $180.0M in 2022; net interest margin 4.01% vs 3.33%.
- Completed acquisition of Citizens Commerce Bancshares; loans grew 13.2% including acquisition, 6.2% organic.
- Nonperforming assets ratio 0.21% at year-end, up from 0.17% due to acquisition; provision $3.2M for year.
- Dividend of $0.715 per share declared; repurchased 667,000 shares at avg $90.21 during 2023.