CITY HOLDING CO
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
CHCO$142.59-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
Consolidated Statements of Income (Unaudited)
(in thousands, except earnings per share data)
| Interest Income | Three months ended March 31, | |
|---|---|---|
| 2024 | 2023 | |
| Interest and fees on loans | $59,128 | $47,004 |
| Interest and dividends on investment securities: | ||
| Taxable | 12,040 | 11,773 |
| Tax-exempt | 830 | 1,162 |
| Interest on deposits in depository institutions | 1,570 | 1,591 |
| Total Interest Income | 73,568 | 61,530 |
| Interest Expense | ||
| Interest on deposits | 14,097 | 5,690 |
| Interest on short-term borrowings | 3,621 | 2,381 |
| Interest on FHLB long-term advances | 1,423 | — |
| Total Interest Expense | 19,141 | 8,071 |
| Net Interest Income | 54,427 | 53,459 |
| (Recovery of ) provision for credit losses | (180) | 2,918 |
| Net Interest Income After (Recovery of) Provision for Credit Losses | 54,607 | 50,541 |
| Non-Interest Income | ||
| (Losses) gains on sale of investment securities, net | (1) | 773 |
| Unrealized (losses) gains recognized on equity securities still held, net | (152) | 361 |
| Service charges | 7,035 | 6,563 |
| Bankcard revenue | 6,800 | 6,603 |
| Trust and investment management fee income | 2,623 | 2,252 |
| Bank owned life insurance | 927 | 804 |
| Other income | 716 | 1,326 |
| Total Non-Interest Income | 17,948 | 18,682 |
| Non-Interest Expense | ||
| Salaries and employee benefits | 18,878 | 17,673 |
| Occupancy related expense | 2,840 | 2,640 |
| Equipment and software related expense | 2,929 | 3,092 |
| FDIC insurance expense | 711 | 445 |
| Advertising | 867 | 760 |
| Bankcard expenses | 2,039 | 1,509 |
| Postage, delivery, and statement mailings | 666 | 647 |
| Office supplies | 453 | 420 |
| Legal and professional fees | 482 | 470 |
| Telecommunications | 600 | 606 |
| Repossessed asset losses, net of expenses | 229 | 16 |
| Merger related expenses | — | 5,645 |
| Other expenses | 5,206 | 4,700 |
| Total Non-Interest Expense | 35,900 | 38,623 |
| Income Before Income Taxes | 36,655 | 30,600 |
| Income tax expense | 7,132 | 6,259 |
| Net Income Available to Common Shareholders | $29,523 | $24,341 |
|---|---|---|
| Basic earnings per common share | $1.98 | $1.63 |
| Diluted earnings per common share | $1.97 | $1.63 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.