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Dec 31, 2020
City Holding Q4 2020 Earnings Report
Announced record annual earnings, demonstrating resilience amidst COVID-19 challenges.
Key Takeaways
City Holding Company reported a record net income of $89.6 million and diluted earnings per share of $5.55 for the year ended December 31, 2020. The company's asset quality remained strong, with nonperforming assets, past due loans, and troubled debt restructurings below 2019 levels. Commercial loan growth was $32 million during the fourth quarter, excluding PPP loan repayments.
City Holding Company achieved record annual earnings despite economic pressures from the COVID-19 pandemic.
Asset quality remained stellar, with declines in nonperforming assets and past due loans.
Commercial loan growth occurred during the fourth quarter, exclusive of PPP loan repayments.
The company was recognized for high customer satisfaction for the third consecutive year.
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.