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Jun 30, 2023
City Holding Q2 2023 Earnings Report
Announced record quarterly results.
Key Takeaways
City Holding Company reported a record quarterly net income of $32.7 million, with diluted earnings of $2.16 per share for the quarter ended June 30, 2023. The company achieved a return on assets of 2.12% and a return on tangible equity of 27.4%.
Net interest income increased by $2.0 million, or 3.8%, to $55.5 million.
Non-interest income was $20.3 million, compared to $17.9 million in the same quarter last year.
Loans increased $27.5 million (0.7%) from March 31, 2023, to $3.92 billion at June 30, 2023.
The company's loan to deposit ratio was 78.2% and its loan to asset ratio was 63.8% at June 30, 2023.
City Holding
City Holding
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.