CITY HOLDING CO CHCO
City Holding Company (the "Company" or "City Holding" or the "Parent Company") is a financial holding company headquartered in Charleston, West Virginia. The Company conducts its principal activities through its wholly-owned subsidiary, City National Bank of West Virginia ("City National"). City National provides banking, wealth and investment management and other financial solutions through its network of 96 bank branches and 934 full-time equivalent associates located in West Virginia, Kentucky, Virginia and southeastern Ohio. The Company's business activities are currently limited to one reportable business segment, which is community banking.
•Commercial Banking - City National offers a full range of commercial banking services to corporations and other business customers. Loans are provided for a variety of business purposes, including financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate and construction and land development. City National also provides deposit services for commercial customers, including treasury management, lockbox and other cash management services. City National provides merchant credit card services through an agreement with a third-party vendor.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $74.3M | $72.0M | $69.1M | $68.1M | $64.9M | $61.2M | $63.8M | $57.5M | $142.9M | $132.2M |
| Interest expense | $236.4M | $220.2M | $219.2M | $180.0M | $9.9M | $23.6M | $36.3M | $25.7M | $16.8M | $13.2M |
| Pre-tax income | $161.5M | $144.5M | $143.1M | $127.3M | $111.2M | $111.3M | $113.5M | $88.0M | $90.7M | $77.2M |
| Income tax | $31.0M | $27.4M | $28.7M | $25.3M | $23.1M | $21.7M | $24.1M | $18.0M | $36.4M | $25.1M |
| Net income | $130.5M | $117.1M | $114.4M | $102.1M | $88.1M | $89.6M | $89.4M | $70.0M | $54.3M | $52.1M |
| EPS, basic | 8.94 | 7.91 | 7.62 | 6.81 | 5.67 | 5.55 | 5.43 | 4.50 | 3.49 | 3.46 |
| EPS, diluted | 8.93 | 7.89 | 7.61 | 6.80 | 5.66 | 5.55 | 5.42 | 4.49 | 3.48 | 3.45 |
| Shares, diluted (wtd. avg.) | $14.5M | $14.7M | $14.9M | $14.9M | $15.4M | $16.0M | $16.3M | $15.4M | $15.4M | $14.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $191.9M | $225.4M | $156.3M | $200.0M | $634.6M | $528.7M | $140.1M | $123.0M | $82.5M | $88.1M |
| Property, plant and equipment | $69.1M | $70.5M | $72.1M | $70.8M | $74.1M | $76.9M | $77.0M | $78.4M | $72.7M | $75.2M |
| Goodwill | $149.8M | $149.8M | $149.9M | $108.9M | $108.9M | $108.9M | $108.9M | $109.6M | $76.2M | $76.2M |
| Other intangibles | $8.1M | $10.3M | $12.7M | $6.8M | $8.2M | $9.7M | $11.3M | $13.3M | $2.4M | $2.9M |
| Total assets | $6.72B | $6.46B | $6.17B | $5.88B | $6.00B | $5.76B | $5.02B | $4.90B | $4.13B | $3.98B |
| Long-term debt | $150.0M | $150.0M | $100.0M | $0 | — | — | — | — | — | — |
| Total liabilities | $5.91B | $5.73B | $5.49B | $5.30B | $5.32B | $5.06B | $4.36B | $4.30B | $3.63B | $3.54B |
| Retained earnings | $935.0M | $852.8M | $780.3M | $706.7M | $641.8M | $590.0M | $539.3M | $486.0M | $444.5M | $417.0M |
| Total equity | $809.7M | $730.7M | $677.1M | $577.9M | $681.1M | $701.1M | $658.0M | $600.8M | $502.5M | $442.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $131.4M | $131.9M | $137.6M | $115.8M | $102.3M | $89.8M | $105.0M | $77.6M | $76.1M | $65.3M |
| Depreciation and amortisation | $4.3M | $4.2M | $4.6M | $5.3M | $5.8M | $5.8M | $5.0M | $5.1M | $5.9M | $6.2M |
| Stock-based compensation | $3.4M | $3.5M | $3.2M | $3.3M | $3.1M | $3.3M | $2.5M | $2.2M | $2.1M | $2.0M |
| Capital expenditure | $2.9M | $2.7M | $3.0M | $2.1M | $3.3M | $5.5M | $4.7M | $10.2M | $6.6M | $5.5M |
| Investing cash flow | -$269.9M | -$252.3M | $14.7M | -$410.5M | -$191.2M | -$285.3M | -$108.8M | -$168.5M | -$171.7M | -$261.3M |
| Financing cash flow | $105.1M | $189.5M | -$196.0M | -$140.0M | $194.9M | $584.0M | $20.9M | $131.4M | $89.9M | $214.0M |
| Dividends paid | $47.3M | $43.5M | $40.0M | $36.7M | $36.1M | $36.7M | $35.5M | $29.6M | $27.1M | $25.7M |
| Buybacks | $45.8M | $17.9M | $60.1M | $26.4M | $58.7M | $36.5M | $19.4M | $20.3M | $0 | $10.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000726854-26-000062.
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