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Jun 30, 2021
City Holding Q2 2021 Earnings Report
Announced second quarter results with increased net interest income and improved noninterest income.
Key Takeaways
City Holding Company reported a quarterly net income of $22.1 million and diluted earnings of $1.41 per share for the quarter ended June 30, 2021. The company's financial performance trended upward due to diminishing COVID-19 pandemic impacts and rebounding economic activity. Net interest income increased $0.4 million from the previous quarter, and noninterest income improved significantly, increasing $2.8 million (19.3%) compared to the same quarter last year.
Net income for the quarter was $22.1 million, with diluted earnings per share of $1.41.
Return on assets was 1.49%, and return on tangible equity was 15.2%.
Net interest income increased by $0.4 million from the previous quarter.
Noninterest income improved by $2.8 million (19.3%) compared to the same quarter last year.
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.
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