earnings
confidence high
sentiment neutral
materiality 0.60
City Holding Q2 net income $29.1M, EPS $1.96; NIM narrows to 3.87%
CITY HOLDING CO
2024-Q2 EPS reported
$3.94
- Net income $29.1M ($1.96 diluted EPS); ROA 1.85%, return on tangible equity 22.2%.
- Net interest income $54.6M, NIM narrowed to 3.87% from 3.95% in Q1 2024.
- Nonperforming assets improved to 0.25% of loans; provision for credit losses $0.5M.
- Non-interest income fell to $18.9M (down $1.4M YoY) due to lower BOLI death benefits.
- Declared quarterly dividend $0.715/share; repurchased 142K shares at avg $100.24.