City Holding Company (CHCO) 10-Year Financial Performance & Capital Metrics

CHCO • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutCity Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts. It also provides commercial and industrial loans that consist of loans to corporate and other legal entity borrowers primarily in small to mid-size industrial and commercial companies; commercial real estate loans comprising commercial mortgages, which are secured by nonresidential and multi-family residential properties; residential real estate loans to consumers for the purchase or refinance of residence; first-priority home equity loans; consumer loans that are secured and unsecured by automobiles, boats, recreational vehicles, certificates of deposit, and other personal property; and demand deposit account overdrafts. In addition, the company offers mortgage banking services, including fixed and adjustable-rate mortgages, construction financing, land loans, production of conventional and government insured mortgages, secondary marketing, and mortgage servicing. Further, it provides deposit services for commercial customers comprising treasury management, lockbox, and other cash management services; merchant credit card services; wealth management, trust, investment, and custodial services for commercial and individual customers; and corporate trust and institutional custody, financial and estate planning, and retirement plan services, as well as automated-teller-machine, interactive-teller-machine, mobile banking, interactive voice response systems, and credit and debit card services. The company operates through a network of 94 branches and 905 full-time equivalent associates in West Virginia, Virginia, Kentucky, and Ohio. City Holding Company was founded in 1957 and is headquartered in Charleston, West Virginia.Show more

Net Interest Income $220M +0.5%
Total Revenue $371M +11.0%
Net Income $117M +2.4%
Return on Equity 16.64% -8.7%
Net Interest Margin 3.41% -4.1%
Efficiency Ratio 37.37% -8.2%
ROA 1.85% -2.3%
Equity / Assets 11.31% +3.0%
Book Value per Share 49.72 +9.3%
Tangible BV/Share 38.83 +12.4%
Debt/Equity 0.65 +1.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 37.4% efficiency ratio
✓13 consecutive years of dividend growth
✓Well capitalized: 11.3% equity/assets
✓Good 3Y average ROE of 17.0%
✓Healthy dividend yield of 2.4%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.24%

5Y7.33%

3Y17.53%

TTM-

Profit (Net Income) CAGR

10Y8.26%

5Y5.56%

3Y9.96%

TTM10.07%

EPS CAGR

10Y8.85%

5Y7.8%

3Y11.71%

TTM11.68%

ROCE

10Y Avg16.04%

5Y Avg15.74%

3Y Avg16.73%

Latest15.3%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	115.24M	118.94M	126.13M	138.21M	161.36M	154.64M	155.57M	180.03M	219.24M	220.24M
NII Growth %	-0.02%	0.03%	0.06%	0.1%	0.17%	-0.04%	0.01%	0.16%	0.22%	0%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	127.07M	132.15M	142.93M	163.9M	197.7M	178.26M	165.47M	189.69M	271.26M	306.43M
Interest Expense	11.83M	13.21M	16.8M	25.69M	36.34M	23.61M	9.89M	9.65M	52.02M	86.19M
Loan Loss Provision	6.99M	4.39M	3.01M	-2.31M	-1.25M	10.72M	-3.17M	474K	3.24M	1.82M
Non-Interest Income+	52M	54.37M	59.68M	56.06M	62.94M	76.79M	63.19M	66.05M	63.18M	64.83M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	179.08M	186.52M	202.61M	219.96M	260.63M	255.05M	228.65M	255.73M	334.45M	371.25M
Revenue Growth %	-0.03%	0.04%	0.09%	0.09%	0.18%	-0.02%	-0.1%	0.12%	0.31%	0.11%
Non-Interest Expense	77.75M	91.71M	92.06M	108.56M	112.06M	109.4M	110.73M	118.74M	136.07M	138.73M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	82.51M	77.21M	90.75M	88.02M	113.49M	111.31M	111.19M	127.33M	143.11M	144.52M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.07%	-0.06%	0.18%	-0.03%	0.29%	-0.02%	-0%	0.15%	0.12%	0.01%
Pretax Income+	82.51M	77.21M	90.75M	88.02M	113.49M	111.31M	111.19M	127.33M	143.11M	144.52M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	28.41M	25.08M	36.44M	18.02M	24.14M	21.72M	23.11M	25.26M	28.74M	27.41M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	54.1M	52.13M	54.31M	70M	89.35M	89.59M	88.08M	102.07M	114.36M	117.1M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.02%	-0.04%	0.04%	0.29%	0.28%	0%	-0.02%	0.16%	0.12%	0.02%
Net Income (Continuing)	54.1M	52.13M	54.31M	70M	89.35M	89.59M	88.08M	102.07M	114.36M	117.1M
EPS (Diluted)+	3.53	3.45	3.48	4.53	5.42	5.55	5.66	6.80	7.61	7.89
EPS Growth %	0.04%	-0.02%	0.01%	0.3%	0.2%	0.02%	0.02%	0.2%	0.12%	0.04%
EPS (Basic)	3.54	3.46	3.49	4.54	5.43	5.55	5.67	6.81	7.62	7.91
Diluted Shares Outstanding	15.17M	14.91M	15.44M	15.44M	16.33M	15.99M	15.41M	14.87M	14.89M	14.7M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	70.11M	88.14M	82.51M	122.99M	140.14M	528.66M	634.63M	200M	156.28M	225.39M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	3.31B	3.57B	3.74B	4.38B	4.49B	4.8B	4.96B	5.16B	5.47B	5.7B
Investments Growth %	0.11%	0.08%	0.05%	0.17%	0.02%	0.07%	0.03%	0.04%	0.06%	0.04%
Long-Term Investments	2.95B	3.12B	3.19B	3.66B	3.68B	3.63B	3.55B	3.65B	4.13B	5.69B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	76.26M	76.2M	76.2M	109.57M	108.94M	108.94M	108.94M	108.94M	149.9M	149.76M
Intangible Assets	3.54M	2.94M	2.4M	13.28M	11.3M	9.65M	8.18M	6.79M	12.67M	10.28M
PP&E (Net)	77.27M	75.17M	72.68M	78.38M	76.97M	76.92M	74.07M	70.79M	72.15M	70.54M
Other Assets	134.88M	139.41M	139.8M	160.5M	171.22M	214.94M	202.84M	269.94M	242.28M	237.17M
Total Current Assets	447.01M	546.63M	642.12M	857.21M	961.82M	1.72B	2.06B	1.72B	1.51B	261.45M
Total Non-Current Assets	3.27B	3.44B	3.49B	4.04B	4.06B	4.04B	3.95B	4.15B	4.65B	6.2B
Total Assets+	3.71B	3.97B	4.13B	4.9B	5.02B	5.76B	6B	5.88B	6.17B	6.46B
Asset Growth %	0.07%	0.07%	0.04%	0.19%	0.02%	0.15%	0.04%	-0.02%	0.05%	0.05%
Return on Assets (ROA)	0.02%	0.01%	0.01%	0.02%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	171.36M	264.8M	268.71M	265.96M	215.31M	295.96M	312.46M	290.96M	434.86M	475.65M
Net Debt	101.25M	176.66M	186.21M	142.97M	75.17M	-232.7M	-322.17M	90.96M	278.58M	250.27M
Long-Term Debt	16.5M	16.5M	16.5M	4.05M	4.06M	0	0	0	100M	150M
Short-Term Debt	154.87M	248.31M	252.22M	261.91M	211.25M	295.96M	312.46M	290.96M	334.86M	325.65M
Other Liabilities	39.45M	45.51M	45.43M	56.73M	69.57M	106.16M	84.8M	139.42M	121.87M	108.99M
Total Current Liabilities	3.24B	3.48B	3.57B	4.24B	4.29B	4.95B	5.24B	5.16B	5.27B	5.47B
Total Non-Current Liabilities	55.94M	62.01M	61.92M	60.78M	73.62M	109.36M	84.8M	139.42M	221.87M	258.99M
Total Liabilities	3.29B	3.53B	3.63B	4.3B	4.36B	5.06B	5.32B	5.3B	5.49B	5.73B
Total Equity+	419.16M	442.49M	502.39M	603.61M	658.38M	701.11M	681.11M	577.85M	677.07M	730.66M
Equity Growth %	0.07%	0.06%	0.14%	0.2%	0.09%	0.06%	-0.03%	-0.15%	0.17%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.13%	0.12%	0.11%	0.13%	0.14%	0.13%	0.13%	0.16%	0.18%	0.17%
Book Value per Share	27.63	29.67	32.55	39.10	40.31	43.83	44.21	38.85	45.47	49.72
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	46.25M	46.52M	47.62M	47.62M	47.62M	47.62M	47.62M	47.62M	47.62M	47.62M
Additional Paid-in Capital	106.27M	112.87M	140.96M	169.56M	170.31M	171.3M	170.94M	170.98M	177.42M	176.51M
Retained Earnings	390.69M	417.02M	443.48M	485.97M	539.25M	589.99M	641.83M	706.7M	780.3M	852.76M
Accumulated OCI	-3.83M	-7.01M	-5.64M	-14.48M	5.84M	31.23M	14.26M	-131.49M	-110.54M	-115.72M
Treasury Stock	-120.1M	-126.96M	-124.91M	-87.89M	-105.04M	-139.04M	-193.54M	-215.96M	-217.74M	-230.5M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	47.9M	65.33M	76.13M	77.57M	105.05M	89.8M	102.27M	115.82M	137.58M	131.9M
Operating CF Growth %	-0.1%	0.36%	0.17%	0.02%	0.35%	-0.15%	0.14%	0.13%	0.19%	-0.04%
Net Income	54.1M	52.13M	54.31M	70M	89.35M	89.59M	88.08M	102.07M	114.36M	117.1M
Depreciation & Amortization	1.5M	7.07M	6.89M	6.37M	5.7M	10.67M	14.61M	15.78M	10.72M	13.2M
Deferred Taxes	6.63M	3.82M	14.91M	-1.24M	4.94M	2.64M	2.19M	1.47M	-2.76M	381K
Other Non-Cash Items	-6.29M	-2.75M	-2.12M	-7.92M	-3.94M	-10.32M	-8.89M	-3.54M	1.96M	927K
Working Capital Changes	-9.83M	3.05M	36K	8.21M	6.48M	-6.04M	3.16M	-3.23M	10.08M	-3.23M
Cash from Investing+	-184.08M	-261.29M	-171.69M	-168.47M	-108.83M	-285.29M	-191.17M	-410.45M	14.68M	-252.26M
Purchase of Investments	-185.66M	-196.15M	-187.03M	-171.15M	-220.69M	-463.73M	-560.84M	-519.56M	-101.71M	-295.2M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	35.28M	0	0	12.23M	-24.66M	0	0	0	14.02M	0
Other Investing	-99.99M	-182.68M	-80.72M	-95.9M	-30.37M	-5.76M	76.62M	-100.11M	-220.7M	-158.54M
Cash from Financing+	58.07M	213.99M	89.93M	131.38M	20.94M	584.01M	194.87M	-140M	-195.98M	189.48M
Dividends Paid	-25.3M	-25.72M	-27.12M	-29.58M	-35.55M	-36.67M	-36.14M	-36.7M	-39.99M	-43.48M
Share Repurchases	-7.05M	-10.02M	0	-20.27M	-19.43M	-36.48M	-58.68M	-26.45M	-60.13M	-17.9M
Stock Issued	0	6.86M	28.41M	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	1000K
Other Financing	75.65M	149.43M	84.73M	190.06M	126.57M	576.51M	273.18M	-55.35M	-233.25M	210.06M
Net Change in Cash+	-78.11M	18.03M	-5.63M	40.48M	17.15M	388.51M	105.97M	-434.63M	-43.72M	69.11M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	148.23M	70.11M	88.14M	82.51M	122.99M	140.14M	528.66M	634.63M	200M	156.28M
Cash at End	70.11M	88.14M	82.51M	122.99M	140.14M	528.66M	634.63M	200M	156.28M	225.39M
Interest Paid	0	0	0	24.8M	37M	25.4M	11.1M	9.47M	49.13M	83.8M
Income Taxes Paid	0	0	0	20.8M	14.9M	26.7M	18.5M	22.43M	32.81M	28.04M
Free Cash Flow+	44.88M	59.81M	69.55M	67.38M	100.32M	84.25M	98.95M	113.68M	134.62M	129.19M
FCF Growth %	-0.12%	0.33%	0.16%	-0.03%	0.49%	-0.16%	0.17%	0.15%	0.18%	-0.04%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.34%	12.1%	11.5%	12.66%	14.16%	13.18%	12.74%	16.22%	18.23%	16.64%
Return on Assets (ROA)	1.51%	1.36%	1.34%	1.55%	1.8%	1.66%	1.5%	1.72%	1.9%	1.85%
Net Interest Margin	3.1%	3%	3.05%	2.82%	3.21%	2.69%	2.59%	3.06%	3.55%	3.41%
Efficiency Ratio	43.42%	49.17%	45.43%	49.36%	42.99%	42.89%	48.43%	46.43%	40.69%	37.37%
Equity / Assets	11.29%	11.15%	12.16%	12.32%	13.12%	12.17%	11.34%	9.83%	10.98%	11.31%
Book Value / Share	27.63	29.67	32.55	39.1	40.31	43.83	44.21	38.85	45.47	49.72
NII Growth	-2.01%	3.21%	6.04%	9.58%	16.75%	-4.16%	0.6%	15.72%	21.78%	0.45%
Dividend Payout	46.78%	49.34%	49.94%	42.26%	39.78%	40.93%	41.03%	35.96%	34.97%	37.13%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Deposit Account	-	-	-	-	28.34M	27.75M	29.23M
Deposit Account Growth	-	-	-	-	-	-2.06%	5.31%
Debit Card	-	-	-	-	27.35M	27.96M	28.5M
Debit Card Growth	-	-	-	-	-	2.23%	1.93%
Fiduciary and Trust	-	-	-	-	8.8M	9.56M	11.26M
Fiduciary and Trust Growth	-	-	-	-	-	8.70%	17.69%
Product and Service, Other	-	-	-	-	3.62M	3.79M	3.01M
Product and Service, Other Growth	-	-	-	-	-	4.89%	-20.61%
Fees and Commissions, Debit Cards	18.37M	21.09M	23.06M	26.99M	-	-	-
Fees and Commissions, Debit Cards Growth	-	14.83%	9.32%	17.03%	-	-	-
Fees and Commissions, Depositor Accounts	29.7M	31.52M	25.73M	25.54M	-	-	-
Fees and Commissions, Depositor Accounts Growth	-	6.10%	-18.35%	-0.75%	-	-	-
Fees and Commissions, Fiduciary and Trust Accounts	6.53M	7.16M	7.74M	8.41M	-	-	-
Fees and Commissions, Fiduciary and Trust Accounts Growth	-	9.65%	8.06%	8.78%	-	-	-
Other Non-Interest Income	2.85M	4M	4.69M	3.99M	-	-	-
Other Non-Interest Income Growth	-	40.30%	17.30%	-14.98%	-	-	-

Frequently Asked Questions

Valuation & Price

City Holding Company (CHCO) has a price-to-earnings (P/E) ratio of 15.7x. This is roughly in line with market averages.

Growth & Financials

City Holding Company (CHCO) grew revenue by 11.0% over the past year. This is steady growth.

Yes, City Holding Company (CHCO) is profitable, generating $127.6M in net income for fiscal year 2024 (31.5% net margin).

Dividend & Returns

Yes, City Holding Company (CHCO) pays a dividend with a yield of 2.40%. This makes it attractive for income-focused investors.

City Holding Company (CHCO) has a return on equity (ROE) of 16.6%. This is reasonable for most industries.

Industry Metrics

City Holding Company (CHCO) has a net interest margin (NIM) of 3.4%. This indicates healthy earnings from lending activities.

City Holding Company (CHCO) has an efficiency ratio of 37.4%. This is excellent, indicating strong cost control.

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