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Jun 30, 2020
City Holding Q2 2020 Earnings Report
Announced second quarter results, demonstrating resilience amidst COVID-19 disruptions.
Key Takeaways
City Holding Company reported a net income of $18.3 million and diluted earnings per share of $1.12 for the quarter ended June 30, 2020. The company's return on assets was 1.35%, and return on tangible equity was 12.6%.
Net income for the quarter was $18.3 million, with diluted earnings of $1.12 per share.
Originated over 1,500 PPP loans totaling over $85 million, recognizing $0.3 million of loan fees in Q2 2020.
Net interest income decreased to $38.1 million from $40.4 million in the previous quarter.
Non-interest income was $14.6 million, compared to $17.8 million for the same quarter last year.