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City Holding Company - CHCO STOCK NEWS

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

City Holding Co (CHCO), headquartered in Charleston, West Virginia, is a financial holding company recognized as one of the most profitable publicly traded banks in the United States. Founded in 1957, City Holding employs approximately 875 professionals and operates through its extensive network of 85 banking offices located across West Virginia, Virginia, Kentucky, and southeastern Ohio.

City Holding Co offers a wide range of banking, trust, and investment management services tailored to meet the needs of both commercial and consumer clients. Some of the key services provided include savings accounts, credit and debit cards, overdraft facilities, loans for various purposes, investment advisory, securities brokerage, and insurance.

The company has demonstrated a solid track record of growth and strategic acquisitions. In recent years, City Holding Co acquired Virginia Savings Bank in 2012 and Community Bank in 2013, expanding its footprint and service offerings within Virginia.

City Holding Co continues to thrive due to its strong financial condition and commitment to customer service. In 2012, it was ranked as the #8 best performing bank in the country by Bank Director Magazine. Additionally, the West Virginia Chamber of Commerce recognized the company as a Five Diamond Employer in 2016, highlighting its exemplary employee policies, opportunities for continuing education, and community service participation.

As a robust financial institution, City Holding Co plays a significant role in the banking industry, providing comprehensive financial solutions that are vital for the economic growth and stability of the regions it serves.

For the latest updates and developments regarding City Holding Co, including recent news and performance metrics, please refer to the latest announcements and financial reports.

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City Holding Company (NASDAQ:CHCO) reported quarterly net income of $29.1 million and diluted earnings of $1.96 per share for Q2 2024. The company achieved a return on assets of 1.85% and a return on tangible equity of 22.2%. Net interest income increased slightly to $54.6 million, while the net interest margin decreased to 3.87%. The ratio of nonperforming assets to total loans improved to 0.25%. Non-interest income decreased by 9.9% to $18.6 million, while non-interest expenses increased by 5.8% to $36.8 million. Loans grew by 0.5% to $4.11 billion, and deposits increased by $11.5 million. The company maintains strong capitalization with a tangible equity ratio of 8.5% and approved a quarterly cash dividend of $0.715 per share.

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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.
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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.
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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.
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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.
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City Holding Company announces quarterly net income of $29.9 million and diluted earnings of $1.98 per share for Q3 2023.
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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.
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FAQ

What services does City Holding Co provide?

City Holding Co provides banking, trust, and investment management services, including savings accounts, credit/debit cards, loans, and insurance.

Where is City Holding Co headquartered?

City Holding Co is headquartered in Charleston, West Virginia.

How many employees does City Holding Co have?

City Holding Co employs approximately 875 professionals.

What areas does City Holding Co serve?

City Holding Co serves clients through 85 banking offices located in West Virginia, Virginia, Kentucky, and southeastern Ohio.

When was City Holding Co founded?

City Holding Co was founded in 1957.

What notable acquisitions has City Holding Co made?

City Holding Co acquired Virginia Savings Bank in 2012 and Community Bank in 2013.

What awards has City Holding Co received?

City Holding Co was named the #8 best performing bank by Bank Director Magazine in 2012 and a Five Diamond Employer by the West Virginia Chamber of Commerce in 2016.

What is the significance of City Holding Co in the banking industry?

City Holding Co is recognized as one of the most profitable publicly traded banks in the U.S., providing essential financial services that support regional economic growth.

Where can I find the latest news about City Holding Co?

The latest updates and news about City Holding Co can be found in their latest announcements and financial reports.

What is the mission of City Holding Co?

City Holding Co aims to provide comprehensive financial solutions while maintaining strong financial health and excellent customer service.

City Holding Company

Nasdaq:CHCO

CHCO Rankings

CHCO Stock Data

1.80B
14.76M
4.11%
71.71%
5.91%
Commercial Banking
Finance and Insurance
Link
United States of America
CHARLESTON