City Holding Q1 net income $29.5M, EPS $1.97; deposits up $121.5M

CITY HOLDING CO

2024-Q1 EPS reported $1.97

Net income $29.5M, diluted EPS $1.97; ROA 1.92%, ROTCE 22.7%.
Net interest margin 3.95% vs 3.98% prior quarter; net interest income $54.4M.
Nonperforming assets to loans+OREO rose to 0.28% ($11.5M) from 0.21% ($8.6M).
Period-end deposits increased $121.5M; loans declined $34.1M to $4.09B.
Dividend $0.715/share payable Apr 30; repurchased 36,000 shares at avg $100.24.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITY HOLDING CO reported the quarter ended March 31, 2024 results: net income net income of $29.5 million, EPS diluted earnings of $1.97 per share.

Period: the quarter ended March 31, 2024
Net income: net income of $29.5 million
EPS: diluted earnings of $1.97 per share
Result: reported results

Exact text from the filing

City Holding Company (“Company” or “City”) (NASDAQ:CHCO), a $6.3 billion bank holding company headquartered in Charleston, West Virginia, today announced net income of $29.5 million and diluted earnings of $1.97 per share for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000726854-24-000125

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