Welcome to our dedicated page for City Hldg news (Ticker: CHCO), a resource for investors and traders seeking the latest updates and insights on City Hldg stock.
City Holding Co reports news as a bank holding company whose principal subsidiary is City National Bank of West Virginia. Company updates center on community banking operations across West Virginia, Kentucky, Virginia and Ohio, including loan and deposit trends, net interest income, investment securities, credit quality, and branch-based financial services.
Recurring CHCO announcements also cover quarterly and annual earnings, dividend declarations, stock repurchase authorizations, board elections, executive leadership changes, and shareholder-meeting results. The company’s business is presented primarily through its community banking segment, with banking, trust, investment management, brokerage, insurance and related financial services disclosed through City National.
City Holding Company (NASDAQ:CHCO) reported a net income of $20.1 million and diluted earnings of $1.25 per share for Q3 2020, reflecting a return on assets of 1.46% and return on tangible equity of 13.8%. Despite the impacts of COVID-19, deposits increased by $350 million (8%) year-over-year. Asset quality remains stable, with nonperforming assets decreasing to 0.43%. However, net interest income slightly declined from $38.1 million in Q2 to $38.0 million in Q3. The Company approved a $0.57 per share dividend, with ongoing share repurchase activity under a prior plan.