City Holding Company reported its financial results for the second quarter and first half of 2026, revealing a net income of $33.3 million for the three months ended June 30, 2026, compared to $33.4 million for the same period in 2025. For the first half of 2026, net income available to common shareholders was $65.0 million, up from $63.7 million in the prior year. Basic and diluted earnings per share increased to $2.35 for the second quarter and $4.55 for the first half, compared to $2.29 and $4.35, respectively, in 2025. The company’s net interest income rose to $60.8 million for the second quarter and $120.4 million for the first half, reflecting increases in average loan balances and a decrease in the cost of interest-bearing liabilities.
The company’s total assets increased to $6.77 billion as of June 30, 2026, up from $6.72 billion at the end of 2025. Cash and cash equivalents rose significantly by 39.2% to $267.2 million, primarily due to operational income and increased deposit balances. Total deposits also saw a modest increase of 0.7%, reaching $5.34 billion, driven by growth in savings and non-interest-bearing demand deposits. However, gross loans remained stable at approximately $4.50 billion, with slight decreases in consumer and residential real estate loans offset by increases in home equity and commercial real estate loans.
In terms of operational metrics, the company reported a provision for credit losses of $1.0 million for the first half of 2026, a shift from a recovery of $1.8 million in the same period last year. The allowance for credit losses increased slightly to $19.8 million, representing 0.44% of total loans. Non-performing loans totaled $10.1 million, down from $14.0 million a year earlier, indicating improved credit quality. The efficiency ratio improved to 48.6% for the first half of 2026, reflecting better cost management relative to revenue.
Strategically, City Holding continues to focus on its community banking model, with 95 banking offices across West Virginia, Kentucky, Virginia, and southeastern Ohio. The company has maintained a conservative approach to liquidity, with a net loan to asset ratio of 66.2% and a high proportion of deposits funding total assets. The company’s capital ratios remain strong, with a Common Equity Tier 1 (CET1) capital ratio of 17.1%, well above the minimum required levels, indicating a solid capital position to support future growth.
Looking ahead, City Holding anticipates continued growth in net interest income driven by loan portfolio expansion and effective management of interest rate risk. The company remains committed to maintaining its strong capital position while navigating the evolving economic landscape, with a focus on enhancing shareholder value through prudent financial management and strategic investments.
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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