earnings
confidence high
sentiment positive
materiality 0.70
City Holding reports record 2024 net income $117.1M, EPS $7.89
CITY HOLDING CO
2024-FY EPS reported
$7.89
revenue$71,992,000
- Record annual net income $117.1M, diluted EPS $7.89; ROA 1.85%, ROE 21.2%.
- Net interest margin compressed to 3.75% in Q4 2024 (from 3.87% Q3) on higher funding costs.
- Nonperforming assets rose to 0.35% of loans vs 0.21% year ago, driven by $2M charge-off on a commercial movie theater loan.
- Board declared $0.79 quarterly dividend payable Jan 31, 2025; repurchased 179K shares in 2024 at $100.24 avg.
- Loans grew $149M (+3.6%) to $4.27B; deposits up $210M (+4.3%) from Dec 2023.