CITY HOLDING CO

For the period ended Sep 30, 2024. Filed Nov 6, 2024.

About this filing

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.

Sep 30, 2024 · Filed Nov 6, 2024

CHCO$142.59-0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

Consolidated Statements of Income (Unaudited)

(in thousands, except earnings per share data)

Interest Income · Three months ended September 30, · Nine months ended September 30,
2024 · 2023 · 2024 · 2023
Interest and fees on loans	$61,407	$55,582	$179,820	$154,939
Interest and dividends on investment securities:
Taxable	14,403	12,432	40,390	35,999
Tax-exempt	824	910	2,492	3,022
Interest on deposits in depository institutions	1,417	1,265	4,907	5,440
Total Interest Income	78,051	70,189	227,609	199,400
Interest Expense
Interest on deposits	17,072	10,551	47,066	24,808
Interest on short-term borrowings	3,788	2,990	11,309	8,334
Interest on FHLB long-term advances	1,586	1,034	4,577	1,683
Total Interest Expense	22,446	14,575	62,952	34,825
Net Interest Income	55,605	55,614	164,657	164,575
Provision for credit losses	1,200	200	1,520	3,543
Net Interest Income After Provision for Credit Losses	54,405	55,414	163,137	161,032
Non-Interest Income
(Losses) gains on sale of investment securities, net	(12)	(730)	(13)	43
Unrealized gains recognized on equity securities still held, net	353	—	565	67
Service charges	7,531	7,124	21,546	20,593
Bankcard revenue	7,346	7,058	21,391	20,851
Trust and investment management fee income	2,923	2,409	8,308	7,000
Bank owned life insurance	1,435	807	3,137	4,819
Other income	772	742	2,273	3,020
Total Non-Interest Income	20,348	17,410	57,207	56,393
Non-Interest Expense
Salaries and employee benefits	19,245	18,289	56,874	54,391
Occupancy related expense	2,774	2,950	8,470	8,401
Equipment and software related expense	3,431	2,830	9,490	8,805
FDIC insurance expense	734	919	2,163	2,054
Advertising	1,081	790	2,920	2,524
Bankcard expenses	2,271	2,188	6,600	5,433
Postage, delivery, and statement mailings	666	668	2,046	1,911
Office supplies	480	457	1,365	1,468
Legal and professional fees	500	529	1,533	1,557
Telecommunications	578	568	1,802	1,797
Repossessed asset losses, net of expenses	21	40	256	78
Merger related expenses	—	2	—	5,647
Other expenses	5,857	4,798	16,791	14,346
Total Non-Interest Expense	37,638	35,028	110,310	108,412
Income Before Income Taxes	37,115	37,796	110,034	109,013

Income tax expense	7,306	7,957	21,587	22,100
Net Income Available to Common Shareholders	$29,809	$29,839	$88,447	$86,913
Basic earnings per common share	$2.02	$1.98	$5.96	$5.78
Diluted earnings per common share	$2.02	$1.98	$5.96	$5.77

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.