CITY HOLDING CO

Listed Company

CHCOCIK 0000726854NasdaqLarge AcceleratedNational Commercial BanksWest VirginiaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$130.49M

Total Assets

$6.72B

Equity

$809.68M

Shares Out

14.35M

Op. Cash Flow

$131.37M

+ 13F Filer

Business

CITY HOLDING CO is a financial holding company that operates principally through its wholly owned subsidiary, City National Bank, providing community banking services. It offers commercial and consumer banking, mortgage lending, wealth management, trust and investment management, treasury and cash management, and related deposit and payment services. The company's operations are organized as a single reportable business segment — community banking — encompassing commercial lending, commercial real estate, residential mortgage, home equity, consumer lending and trust/wealth services. City National distributes its products through a regional branch network, ATMs, ITMs, mobile and online banking, and other electronic channels across West Virginia, Kentucky, Virginia and southeastern Ohio.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	252	242	213	147	137
Taxable	60	54	48	34	23
Tax-exempt	3	3	4	5	5
Interest on deposits in depository institutions	6	7	6	4	693,000
Total Interest Income	321	306	271	190	165
Interest on deposits	65	65	37	7	9
Interest on customer repurchase agreements	13	16	12	2	489,000
Interest on FHLB long-term advances	6	6	3	0	0
Total Interest Expense	85	86	52	10	—
Net Interest Income	236	220	219	180	156
(Recovery of) Provision for credit losses	−1	2	3	474,000	−3
Net Interest Income After (Recovery of) Provision for Credit Losses	238	218	216	180	159
Net gains (losses) on sale of investment securities	187,000	−3	−5	4,000	312,000
Unrealized (losses) gains recognized on equity securities still held	−588,000	175,000	432,000	−2	504,000
Revenue	74	72	69	68	65
Bank owned life insurance	4	4	6	6	4
Total Non-Interest Income	78	73	71	72	70
Salaries and employee benefits	79	76	73	67	62
Occupancy related expenses	10	9	9	9	10
Equipment and software related expenses	14	13	12	12	10
FDIC insurance expense	3	3	3	2	2
Advertising	3	4	3	3	3
Bankcard expenses	9	9	7	6	6
Legal and professional fees	2	2	2	2	2
Repossessed asset losses, net of expenses	257,000	246,000	28,000	59,000	−57,000
Taxes, Miscellaneous	9	8	6	5	—
Merger related costs	0	0	5	268,000	0
Other expenses	24	23	22	12	15
Total Non-Interest Expense	154	147	144	124	117
Income Before Income Taxes	161	145	143	127	111
Income tax expense	31	27	29	25	23
Net Income Available to Common Shareholders	130	117	114	102	88
Effect of dilutive securities	8,000	21,000	23,000	26,000	26,000
Basic earnings per common share	8.94	7.91	7.62	6.81	5.67
Diluted earnings per common share	8.93	7.89	7.61	6.8	5.66

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	152	118	123	70	102
Interest-bearing deposits in depository institutions	40	108	33	130	533
Cash and Cash Equivalents	192	225	156	200	635
Investment securities available for sale, at fair value (amortized cost $1,602,721 and $1,570,449, net of allowance for credit losses of $0 at December 31, 2025 and December 31, 2024, respectively)	1,503	1,421	1,338	1,506	1,408
Other securities	29	30	31	24	26
Total Investment Securities	1,533	1,451	1,369	1,529	1,434
Gross loans	4,507	4,275	4,126	—	—
Allowance for credit losses	−20	−22	−23	−17	−18
Net Loans	4,487	4,253	4,103	—	—
Bank owned life insurance	124	121	118	121	121
Premises and equipment, net	69	71	72	71	74
Accrued interest receivable	21	21	20	18	16
Deferred tax assets, net	30	42	42	45	63,000
Goodwill and other intangible assets, net	158	160	163	116	117
Other assets	108	116	124	149	82
Total Assets	6,722	6,459	6,168	5,878	6,004
Noninterest-bearing	1,414	1,344	1,343	1,351	1,373
Demand deposits	1,339	1,335	1,291	1,233	1,136
Savings deposits	1,245	1,215	1,259	1,397	1,347
Time deposits	1,303	1,249	1,041	888	1,069
Total Deposits	5,301	5,144	4,934	4,870	4,925
Customer repurchase agreements	368	326	310	291	312
FHLB long-term advances	150	150	100	0	—
Other liabilities	94	109	122	139	85
Total Liabilities	5,912	5,729	5,491	5,300	5,323
Preferred stock, par value $25 per share: 500,000 shares authorized; 0 issued	0	0	0	0	0
Common stock, par value $2.50 per share: 50,000,000 shares authorized; 19,047,548 shares issued at December 31, 2025 and 2024, less 4,693,613 and 4,342,108 shares in treasury, respectively	48	48	48	48	48
Capital surplus	175	177	177	171	171
Retained earnings	935	853	780	707	642
Treasury stock	−271	−230	−218	−216	−194
Unrealized loss on securities available-for-sale	−76	−114	−108	−128	18
Underfunded pension liability	875,000	1	3	3	3
Total Accumulated Other Comprehensive Loss	−77	−116	−111	−131	14
Total Shareholders Equity	810	731	677	578	681
Total Liabilities and Shareholders Equity	6,722	6,459	6,168	5,878	6,004

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization, net	7	9	6	10	9
Depreciation of premises and equipment	4	4	5	5	6
Deferred income tax (benefit) expense	−50,000	381,000	−3	1	2
Net periodic employee (benefit) cost	−96,000	62,000	52,000	256,000	569,000
Unrealized and realized securities losses, net	401,000	3	4	2	−816,000
Stock-based compensation expense	3	4	3	3	3
Excess tax benefit from stock-compensation expense	493,000	387,000	228,000	−292,000	−579,000
Increase in value of bank-owned life insurance	−4	−4	−6	−6	−4
Loans originated for sale	−17	−10	−11	−31	−42
Proceeds from the sale of loans originated for sale	18	10	11	31	43
Gain on sale of loans	−288,000	−114,000	−147,000	−325,000	−349,000
Change in accrued interest receivable	−68,000	−360,000	−1	−3	166,000
Change in other assets	−19	5	14	−21	−9
Change in other liabilities	10	−8	−3	20	12
Net Cash Provided by Operating Activities	131	132	138	116	102
Net increase in loans	−230	−148	−224	−103	77
Purchases	329	295	94	519	561
Proceeds from sales	67	33	206	0	0
Proceeds from maturities and calls	235	169	119	211	292
Purchases	−308,000	−268,000	−8	−302,000	−154,000
Proceeds from sales	50,000	2	536,000	449,000	5
Proceeds from maturities and calls	0	0	780,000	0	0
Purchases of premises and equipment	−3	−3	−3	−2	−3
Proceeds from the disposals of premises and equipment	42,000	98,000	283,000	190,000	367,000
Proceeds from bank-owned life insurance policies	0	2	11	6	2
Payments for low income housing tax credits	−10	−12	−8	−3	−3
Acquisition of Citizens Commerce Bancshares, Inc.	0	0	14	0	0
Net Cash (Used in) Provided by Investing Activities	−270	−252	15	−410	−191
Net increase (decrease) in noninterest-bearing deposits	69	2	−69	−22	196
Net increase (decrease) in interest-bearing deposits	88	208	−165	−34	77
Net increase (decrease) in customer repurchase agreements	42	−9	37	−21	17
Proceeds from FHLB long-term advances	0	50	100	0	0
Purchases of treasury stock	−46	−18	−60	−26	−59
Proceeds from exercise of stock options	0	694,000	0	798,000	691,000
Lease payments	−742,000	−636,000	1	−762,000	−824,000
Dividends paid	−47	−43	−40	−37	−36
Net Cash Provided by (Used in) Financing Activities	105	189	−196	−140	195
(Decrease) Increase in Cash and Cash Equivalents	−33	69	−44	−435	106
Interest paid	86	84	49	9	11
Income taxes paid	36	28	33	22	18

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 555 positions

Reported AUM

$617.00M

Holdings

555

Top sector

$617.00M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$617.00M	100.0%

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