City Holding Company reported a solid financial performance for the second quarter and first half of 2025, with net income available to common shareholders reaching $33.4 million for the three months ended June 30, 2025, compared to $29.1 million for the same period in 2024. This translates to a basic earnings per share of $2.29, up from $1.96 year-over-year. For the six months ended June 30, 2025, net income was $63.7 million, an increase from $58.6 million in the prior year, resulting in earnings per share of $4.35, compared to $3.95 in 2024. The company’s net interest income also increased, totaling $58.9 million for the second quarter and $114.7 million for the first half, reflecting a rise in average loan balances and a decrease in the cost of interest-bearing liabilities.
The company experienced notable changes in its balance sheet compared to the previous fiscal period. Total assets increased to $6.6 billion as of June 30, 2025, up from $6.5 billion at the end of 2024. Cash and cash equivalents decreased by 23.6% to $172.1 million, primarily due to increased investment in securities and loans. Total investment securities rose by 9.7% to $1.6 billion, driven by purchases of mortgage-backed securities. Gross loans also saw a modest increase of 1.5%, reaching $4.34 billion, with significant growth in residential real estate loans, which rose by 3.3%.
Operationally, City Holding Company reported a recovery of credit losses of $2.0 million for the second quarter of 2025, contrasting with a provision for credit losses of $0.5 million in the same quarter of 2024. The allowance for credit losses decreased to $19.7 million from $21.9 million at the end of 2024, reflecting improved credit quality in the loan portfolio. The company’s total deposits increased by 2.0% to $5.25 billion, with non-interest-bearing demand deposits rising by $38.8 million. The company also repurchased 255,494 shares at a weighted average price of $113.09 per share during the first half of 2025.
Looking ahead, City Holding Company remains optimistic about its financial outlook. The company anticipates continued growth in net interest income driven by an increase in loan balances and a favorable interest rate environment. Management believes that the current allowance for credit losses is adequate to cover expected losses in the loan portfolio, and they will continue to monitor economic conditions closely. The company’s capital ratios remain strong, with a common equity tier 1 capital ratio of 16.8%, well above the regulatory minimum, indicating a solid capital position to support future growth initiatives.
About CITY HOLDING CO
City Holding Company is a financial holding company operating through its subsidiary, City National Bank, which provides community banking services across West Virginia, Kentucky, Virginia, and southeastern Ohio. Its offerings include commercial and consumer banking, mortgage lending, and wealth management. Serving diverse individual and business customers, the company emphasizes risk diversification, regulatory compliance, and local market expertise through a network of branches and digital channels.
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