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Dec 31, 2021
City Holding Q4 2021 Earnings Report
Announced annual earnings with net income of $88.1 million and diluted earnings of $5.66 per share.
Key Takeaways
City Holding Company reported a net income of $88.1 million and diluted earnings per share of $5.66 for the year ended December 31, 2021. The company's net interest income increased to $40.6 million during the fourth quarter of 2021, and non-interest income increased to $17.6 million.
Net interest income increased from $39.5 million in Q3 2021 to $40.6 million in Q4 2021.
Non-interest income was $17.6 million during the quarter ended December 31, 2021, compared to $17.7 million during the quarter ended December 31, 2020.
The Company's ratio of nonperforming assets to total loans and other real estate owned decreased from 0.38% at December 31, 2020 to 0.21% at December 31, 2021.
The Board approved a quarterly cash dividend of $0.60 cents per share payable January 31, 2022.
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, 2020 under “ITEM 1A Risk Factors.
Historical Earnings Impact
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