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City Holding Co. - CHCO STOCK NEWS

Welcome to our dedicated news page for City Holding Co. (Ticker: CHCO), a resource for investors and traders seeking the latest updates and insights on City Holding Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect City Holding Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of City Holding Co.'s position in the market.

Rhea-AI Summary
City Holding Company announced its quarterly results, reporting a net income of $29.5 million and diluted earnings of $1.97 per share for the first quarter of 2024. The company achieved a return on assets of 1.92% and a return on tangible equity of 22.7%. Net interest income decreased slightly, credit quality metrics showed improvement, and non-interest expenses decreased. City National Bank of West Virginia, the company's subsidiary, was ranked #1 in customer satisfaction for consumer banking in the North Central Region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
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none
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Rhea-AI Summary
City Holding Company (CHCO) appoints James M. Parsons to its Board of Directors, increasing the number of directors from 12 to 13. Parsons brings a strong background in finance, real estate development, and accounting. The Company's President and CEO, Charles Hageboeck, expresses excitement about Parsons' appointment, highlighting his expertise in key areas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.11%
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management
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Rhea-AI Summary
City Holding Company (NASDAQ:CHCO) has announced a share repurchase program to buy back up to 1,000,000 of its common shares, representing approximately 7% of outstanding shares. The company rescinded the previous share repurchase plan and has already repurchased 849,681 shares. The decision was made due to the company's exceptional earnings and strong capital levels. City National Bank of West Virginia, the company's subsidiary, operates 98 branches across four states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.11%
Tags
buyback
Rhea-AI Summary
City Holding Company (CHCO) announced record net income of $114.4 million and record diluted earnings of $7.61 per share for the year ended December 31, 2023. The Company achieved a return on assets of 1.87% and a return on tangible equity of 23.8%. City's net interest income increased by $39.0 million, and non-interest income increased by $1.4 million. However, non-interest expenses rose by $19.2 million. The Company's loan to deposit ratio was 83.6% and the loan to asset ratio was 66.9% at December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
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Rhea-AI Summary
City Holding Company announces quarterly net income of $29.9 million and diluted earnings of $1.98 per share for Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
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none
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Rhea-AI Summary
City Holding Company declares a dividend of 71.5 cents per share, representing a 10.0% increase from the previous quarter. The company's strong financial performance and confidence in sustaining it led to the decision. Stock symbol: CHCO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
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dividends
Rhea-AI Summary
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End-of-Day
-0.46%
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Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-1.07%
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Rhea-AI Impact
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.68%
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City Holding Co.

Nasdaq:CHCO

CHCO Rankings

CHCO Stock Data

1.47B
14.46M
4.12%
71.45%
6.38%
Commercial Banking
Finance and Insurance
Link
US
Charleston

About CHCO

one of the most profitable publicly traded banks in the u.s., city holding company was named #8 best performing banks in the country by bank director magazine in 2012. headquartered in charleston, w.va., city has 85 locations throughout west virginia, virginia, kentucky and ohio. the bank most recently acquired virginia savings bank in 2012 (headquartered in front royal, va.) and community bank (headquarted in staunton, va.) in 2013. city was named a 2016 five diamond employer by the west virginia chamber of commerce for its outstanding employee policies, opportunities for continuing education and community service participation. founded in 1957, city holding today employs approximately 875 professionals.