Thursday, City Holding Co. (CHCO) reported an increase in fourth quarter profit, attributable primarily to a significant reduction in provision for loan losses and increase in non-interest income.
According to the company, net income increased to $11.07 million or $0.70 per share from $4.24 million or $0.26 per share in the year-ago period.
On average, seven analysts polled by Thomson Reuters expected the company to earn $0.65 per share. Analysts' estimates typically exclude special items.
Net interest income for the quarter declined to $23.58 million from $26.08 million in the year-ago quarter. Total non-interest income surged to $12.9 million from $3.2 million a year ago.
Three Wall Street analysts estimated revenues of $38.30 million.
Net interest margin declined to 4.07% from 4.73% in the prior year period. Provision for loan losses for the quarter declined to $1.57 million from $5.34 million a year-ago. Allowance for loan losses declined to $18.68 million fro $22.25 million a year-ago.
Total non-interest expense increased to $19.21 million from $17.76 million a year-ago.
Net loans as of December 31 declined to $1.77 billion from $1.79 billion a year-ago. Total deposits increased to $2.16 billion from $2.04 billion a year-ago.
The company's year-to-date net income increased to $42.64 million or $2.68 per share from $28.10 million or $1.74 per share in the year-ago period. Net interest income for the fiscal year declined to $95.43 million from $101.75 million in the prior year period. Total non-interest income increased to $52.0 million from $22.10 million a year ago.
Analysts estimated earnings of $2.64 per share on revenues of $153 million for the full year.
CHCO is currently trading at $31.99, up $0.85 or 2.73%, on a volume of 118 thousand shares on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.