City Holding Company reported its financial results for the first quarter of 2026, revealing a net income of $31.7 million, an increase from $30.3 million in the same period last year. This translates to earnings per share of $2.20, up from $2.06 in the first quarter of 2025. The company's net interest income rose to $59.6 million, a 6.8% increase compared to $55.8 million in the prior year, driven by a decrease in the cost of interest-bearing liabilities and an increase in average loan balances.
The company's total assets as of March 31, 2026, stood at $6.76 billion, a slight increase from $6.72 billion at the end of 2025. Cash and cash equivalents saw a significant rise, increasing by 55.8% to $299 million, primarily due to operational income and an increase in deposit balances. However, total investment securities decreased by 4.1% to $1.47 billion, attributed to maturities and calls of available-for-sale securities. Gross loans decreased marginally by 0.3% to $4.50 billion, with notable declines in commercial and industrial loans.
In terms of operational metrics, total deposits increased by 0.8% to $5.34 billion, with savings deposits and time deposits contributing to this growth. The company’s allowance for credit losses was reported at $19.7 million, reflecting a slight decrease from the previous quarter, with a provision for credit losses of $0.6 million recorded in the first quarter of 2026, compared to no provision in the same quarter last year. The company continues to monitor its loan portfolio closely, assessing risks based on historical trends and economic conditions.
Looking ahead, City Holding Company remains optimistic about its financial outlook, supported by a strong liquidity position and a well-capitalized status. The company’s capital ratios exceed the minimum requirements set by regulatory authorities, indicating a solid foundation for future growth. Management anticipates that the ongoing economic environment will provide opportunities for further expansion, particularly in its community banking segment, which serves a diverse customer base across multiple states.
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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