City Holding ( (CHCO) ) has released its Q1 earnings. Here is a breakdown of the information City Holding presented to its investors.
City Holding Company, a bank holding company based in Charleston, West Virginia, operates primarily in the financial services sector through its subsidiary, City National Bank of West Virginia, with a strong retail orientation and presence across West Virginia, Kentucky, Virginia, and Ohio.
City Holding Company reported a net income of $30.3 million for the first quarter of 2025, translating to diluted earnings of $2.06 per share. The company achieved a return on assets of 1.89% and a return on tangible equity of 20.7%, indicating robust financial performance.
The company’s net interest income saw a modest increase of 0.4% from the previous quarter, driven by a decrease in the cost of interest-bearing liabilities and an increase in average loan balances. Non-interest income also rose by 3.5%, attributed to higher wealth and investment management fees and increased bank-owned life insurance income. However, non-interest expenses grew by 4.8%, primarily due to increased equipment, software, and other operational costs.
City Holding’s balance sheet showed positive trends with a slight increase in loans and a significant rise in deposit balances. The company maintained strong capitalization, with regulatory capital ratios well above the required levels to be considered “well capitalized.”
Looking ahead, City Holding Company remains well-positioned with strong capital and liquidity levels, allowing it to navigate potential economic uncertainties and continue its strategic focus on growth and shareholder value enhancement.