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Jun 30, 2024
City Holding Q2 2024 Earnings Report
Announced quarterly results with net income of $29.1 million and diluted earnings of $1.96 per share.
Key Takeaways
City Holding Company reported a net income of $29.1 million and diluted earnings per share of $1.96 for the quarter ended June 30, 2024. The company's net interest income increased slightly, and it achieved a return on assets of 1.85% and a return on tangible equity of 22.2%.
Net income for the quarter was $29.1 million, with diluted earnings of $1.96 per share.
Net interest income increased by $0.2 million, or 0.4%, to $54.6 million.
Non-interest income was $18.9 million, a decrease compared to the same quarter last year.
Loans increased by $21.1 million (0.5%) to $4.11 billion.
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. Factors that could cause actual results to differ from those discussed in such forward-looking statements include, but are not limited to those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 under “ITEM 1A Risk Factors.