City Hldg Co Stock Price, News & Analysis

City Holding Company (NASDAQ:CHCO) announced a new share repurchase program authorizing the buyback of up to 1,000,000 shares, representing about 7% of its outstanding shares. This initiative aims to enhance earnings per share for current shareholders and is part of the company’s strategy to build shareholder value while maintaining sufficient capital levels. The prior repurchase plan, effective March 31, 2021, was rescinded, with 826,330 shares repurchased until May 25, 2022. The company remains well-capitalized and plans to determine buyback timing based on market conditions.

City National Bank has been ranked highest in customer satisfaction in the North Central Region by J.D. Power in their 2022 U.S. Retail Banking Satisfaction Study for the fourth time in five years. The bank excelled in areas such as trust, employee service, and account offerings, outscoring competitors in West Virginia, Kentucky, Ohio, Indiana, and Michigan. The study surveyed over 101,000 retail banking customers, reflecting the ongoing commitment of the bank's employees to provide exceptional personal service through various channels.

City Holding Company (NASDAQ:CHCO) reported a quarterly net income of $21.3 million, translating to diluted earnings of $1.41 per share for Q1 2022. However, net interest income fell by 6.7% to $37.9 million, largely due to a decrease in commercial loan yields. The credit quality remained stable, with nonperforming assets slightly decreasing to 0.18% of total loans. Non-interest income rose by 10.8% year-over-year, driven by service charges. The company's tangible equity ratio decreased from 9.6% to 8.8%, but remains well-capitalized above regulatory requirements.

City Holding Company (NASDAQ:CHCO) reported net income of $88.1 million and record diluted earnings of $5.66 per share for the year ended December 31, 2021. Net interest income increased slightly to $155.6 million, but a decline in net interest margin from 3.16% to 2.89% raised concerns. Non-interest income fell to $69.6 million from $82.7 million, largely due to a one-time gain in 2020. However, credit quality improved with a decrease in nonperforming assets to 0.21% of total loans. The company also announced a 3.45% dividend increase, reflecting ongoing shareholder returns.

City Holding Company (NASDAQ: CHCO) announced a dividend increase to 60 cents per common share, up from 58 cents, representing a 3.45% rise. This dividend will be payable on January 31, 2022, to shareholders recorded as of January 14, 2022. The annualized dividend totals $2.40, with a projected payout ratio around 52% based on an estimated earnings of $4.96 per share for 2022. City has returned approximately 76% of its earnings to shareholders in the past five years.

City Holding Company (CHCO) reported a net income of $22.7 million for Q3 2021, equating to diluted earnings of $1.47 per share. Year-to-date, the company achieved net income of $64.7 million or $4.13 per share. Key metrics include a return on assets of 1.53% and a return on tangible equity of 15.7%. The firm experienced growth in commercial loans and net interest income, which rose to $39.5 million, attributed to PPP loan fees. Nonperforming assets decreased to $9 million, showcasing improved asset quality. A quarterly dividend of $0.58 per share was announced, payable on October 29, 2021.

City Holding Company (NASDAQ: CHCO) announced the appointment of Dr. Javier A. Reyes to its Board of Directors following the retirement of Jay C. Goldman. Effective immediately, Dr. Reyes will stand for shareholder election in April 2022, increasing the board size to 13. Dr. Reyes, currently the Provost at the University of Illinois Chicago, has an extensive background in economics and investment banking, aiming to bring strategic insights to City Holding as it pursues its business goals.

City Holding Company (NASDAQ:CHCO) reported a quarterly net income of $22.1 million and diluted earnings of $1.41 per share for Q2 2021. The company achieved a return on assets of 1.49% and return on tangible equity of 15.2%. Notably, net interest income rose by $0.4 million from Q1 2021, while noninterest income surged 19.3% year-over-year. The company also released $2.0 million from its allowance for credit losses, reflecting improved economic conditions. A quarterly cash dividend of $0.58 per share was approved, payable on July 30, 2021.

City Holding Company (NASDAQ:CHCO), with a market value of $5.9 billion, reported a quarterly net income of $19.8 million and diluted earnings of $1.25 per share for Q1 2021. Despite the economic recovery post-COVID-19, net interest income fell by $0.7 million, attributed to lower loan yields and average loan balances. The total loan portfolio decreased to $3.55 billion, while deposit balances rose by $152.5 million, supported by stimulus payments. Credit quality remains strong, with only a slight increase in nonperforming assets.