City Holding reports Q4 EPS $1.84, consensus $1.90

Reports Q4 tangible book value per share $34.69. Reports Q4 CET1 capital ratio 13.79%. “2023 was a challenging year for the banking industry, but a great year for City”, said City’s president and CEO Charles Hageboeck. “City’s strong performance during the year highlights the value of the Company’s deep customer base and conservative operating principles. During 2023, City completed the acquisition of Citizens Commerce Bancshares, Inc., and its subsidiary, Citizens Commerce Bank (“Citizens”) of Versailles, Kentucky, that enhanced our market position in central Kentucky.”