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Mar 31, 2024
City Holding Q1 2024 Earnings Report
City Holding Company reported net income of $29.5 million and diluted earnings of $1.97 per share.
Key Takeaways
City Holding Company announced a net income of $29.5 million and diluted earnings of $1.97 per share for the quarter ended March 31, 2024. The company's return on assets was 1.92%, and the return on tangible equity reached 22.7%.
Net interest income decreased by 0.4% to $54.4 million compared to the previous quarter.
Non-interest income was $17.9 million, compared to $18.7 million during the quarter ended March 31, 2023.
Non-interest expenses decreased by 7.1% to $35.9 million compared to the first quarter of 2023.
Loans declined by $34.1 million (0.8%) from December 31, 2023, to $4.09 billion at March 31, 2024.
Revenue by Segment
Forward Guidance
This news release contains certain forward-looking statements that are included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements express only management’s beliefs regarding future results or events and are subject to inherent uncertainty, risks, and changes in circumstances, many of which are outside of management’s control.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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