CHCO maintains a conservative capital structure with an equity-to-assets ratio consistently near 12% and a substantial $6.1 billion investment securities portfolio as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 5.3B | 1.66B | 240.8M | 1.49B | 1.71B | 2.04B | 1.71B | 950.25M | 846.25M | 632.9M | 538.22M | 439.58M | 402.27M | 438.54M | 452.12M | 507.18M | 55.38M | 62.63M | 59.63M | 74.52M | 85.45M | 86.27M | 56.08M | 63.34M | 109.32M | 81.83M | 87.99M | 120.12M | 119.8M | 132.5M | 47.8M |
| Cash & Due from Banks | 135.82M | 152.11M | 225.39M | 156.28M | 200M | 634.63M | 528.66M | 140.14M | 122.99M | 82.51M | 88.14M | 70.11M | 148.23M | 85.88M | 74.99M | 146.4M | 55.38M | 62.63M | 59.63M | 74.52M | 85.45M | 86.27M | 56.08M | 63.34M | 109.32M | 81.83M | 87.99M | 120.12M | 119.8M | 132.5M | 47.8M |
| Short Term Investments | 1.44B | 1.5B | 15.41M | 1.34B | 1.51B | 1.41B | 1.18B | 810.11M | 723.25M | 550.39M | 450.08M | 369.47M | 254.04M | 352.66M | 377.12M | 360.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 6.11B | 6.06B | 5.7B | 5.47B | 5.16B | 4.96B | 4.8B | 4.49B | 4.38B | 3.74B | 3.57B | 3.31B | 2.99B | 2.96B | 2.53B | 2.35B | 2.3B | 2.29B | 2.25B | 2.17B | 2.18B | 2.2B | 2.02B | 1.98B | 1.69B | 1.73B | 2.33B | 2.36B | 2.34B | 2B | 854.6M |
| Investments Growth % | 14.28% | 6.24% | 4.23% | 6.08% | 4.02% | 3.24% | 6.94% | 2.45% | 17.31% | 4.81% | 7.59% | 10.98% | 1.04% | 16.85% | 7.65% | 2.15% | 0.55% | 1.69% | 3.84% | -0.71% | -0.88% | 9.16% | 2.08% | 16.65% | -1.83% | -25.99% | -1.16% | 0.76% | 16.79% | 134.47% | 1.2% |
| Long-Term Investments | 18B | 4.56B | 5.69B | 4.13B | 3.65B | 3.55B | 3.63B | 3.68B | 3.66B | 3.19B | 3.12B | 2.95B | 2.73B | 2.6B | 2.15B | 1.99B | 2.3B | 2.29B | 2.25B | 2.17B | 2.18B | 2.2B | 2.02B | 1.98B | 1.69B | 1.73B | 2.33B | 2.36B | 2.34B | 2B | 854.6M |
| Accounts Receivables | 0 | 0 | 20.65M | 20.29M | 18.29M | 15.63M | 15.79M | 11.57M | 12.42M | 9.22M | 8.41M | 7.43M | 6.83M | 6.87M | 6.69M | 7.09M | 7.26M | 7.97M | 9.02M | 11.25M | 12.34M | 13.13M | 9.87M | 10.22M | 11.27M | 12.42M | 18.24M | 18.15M | 21.7M | 17.6M | 7.5M |
| Goodwill & Intangibles | 157.38M | 157.87M | 160.04M | 162.57M | 115.73M | 117.12M | 118.59M | 120.24M | 122.85M | 78.59M | 79.14M | 79.79M | 74.2M | 75.14M | 65.06M | 56.16M | 56.57M | 57.01M | 57.48M | 58.24M | 58.86M | 59.56M | 6.29M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 157.38M | 0 | 149.76M | 149.9M | 108.94M | 108.94M | 108.94M | 108.94M | 109.57M | 76.2M | 76.2M | 76.26M | 71.4M | 71.4M | 62.99M | 0 | 54.89M | 54.89M | 54.89M | 55M | 54.9M | 54.9M | 5.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 157.87M | 10.28M | 12.67M | 6.79M | 8.18M | 9.65M | 11.3M | 13.28M | 2.4M | 2.94M | 3.54M | 2.8M | 3.74M | 2.07M | 56.16M | 1.68M | 2.12M | 2.59M | 3.24M | 3.96M | 4.66M | 800K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 68.74M | 69.13M | 70.54M | 72.15M | 70.79M | 74.07M | 76.92M | 76.97M | 78.38M | 72.68M | 75.17M | 77.27M | 77.99M | 82.55M | 72.73M | 64.61M | 64.53M | 64.19M | 60.14M | 54.63M | 44.69M | 42.54M | 34.61M | 35.34M | 37.8M | 43.18M | 56.92M | 66.12M | 71.1M | 53.8M | 30M |
| Other Assets | 1.68B | 1.83B | 237.17M | 242.28M | 269.94M | 202.84M | 214.94M | 171.22M | 160.5M | 139.8M | 139.41M | 134.88M | 131.03M | 119.9M | 135.66M | 120.75M | 123.95M | 113.51M | 104.34M | 117.67M | 124.51M | 99.69M | 89.68M | 129.81M | 195.84M | 253.7M | 177.45M | 229.96M | 153.1M | 78.7M | 108.9M |
| Total Current Assets | 157.46M | 101.93M | 261.45M | 1.51B | 1.72B | 2.06B | 1.72B | 961.82M | 857.21M | 642.12M | 546.63M | 447.01M | 409.1M | 445.4M | 458.81M | 514.27M | 62.64M | 70.6M | 68.65M | 85.77M | 97.78M | 99.41M | 65.95M | 73.55M | 120.58M | 94.25M | 106.23M | 138.27M | 141.5M | 150.1M | 55.3M |
| Total Non-Current Assets | 6.6B | 6.62B | 6.2B | 4.65B | 4.15B | 3.95B | 4.04B | 4.06B | 4.04B | 3.49B | 3.44B | 3.27B | 3.05B | 2.92B | 2.46B | 2.26B | 2.57B | 2.55B | 2.52B | 2.4B | 2.41B | 2.4B | 2.15B | 2.14B | 1.93B | 2.02B | 2.57B | 2.65B | 2.56B | 2.14B | 993.5M |
| Total Assets | 6.76B | 6.72B | 6.46B | 6.17B | 5.88B | 6B | 5.76B | 5.02B | 4.9B | 4.13B | 3.97B | 3.71B | 3.46B | 3.37B | 2.92B | 2.78B | 2.64B | 2.62B | 2.59B | 2.48B | 2.51B | 2.5B | 2.21B | 2.21B | 2.05B | 2.12B | 2.67B | 2.79B | 2.71B | 2.29B | 1.05B |
| Asset Growth % | 13.81% | 4.06% | 4.72% | 4.93% | -2.09% | 4.26% | 14.73% | 2.41% | 18.6% | 4.1% | 6.94% | 7.25% | 2.76% | 15.45% | 5.05% | 5.3% | 0.56% | 1.4% | 4.17% | -1% | 0.21% | 13.07% | -0.05% | 8.13% | -3.23% | -20.78% | -4.33% | 3.2% | 18.35% | 118% | 0.75% |
| Return on Assets (ROA) | 1.97% | 1.98% | 1.85% | 1.9% | 1.72% | 1.5% | 1.66% | 1.8% | 1.55% | 1.34% | 1.36% | 1.51% | 1.55% | 1.53% | 1.37% | 1.5% | 1.48% | 1.64% | 1.11% | 2.04% | 2.12% | 2.13% | 2.09% | 2.05% | 1.56% | -1.09% | -1.4% | 0.23% | 0.21% | 1.58% | 2.04% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 524.83M | 517.67M | 475.65M | 434.86M | 290.96M | 312.46M | 295.96M | 215.31M | 265.96M | 268.71M | 264.8M | 171.36M | 151.43M | 154.29M | 131.14M | 205.54M | 129.21M | 135.29M | 213.51M | 166.89M | 184.64M | 250.68M | 294.02M | 359.24M | 198.22M | 156.53M | 283.6M | 502.72M | 286.1M | 248.3M | 124.6M |
| Net Debt | 389.01M | 365.56M | 250.27M | 278.58M | 90.96M | -322.17M | -232.7M | 75.17M | 142.97M | 186.21M | 176.66M | 101.25M | 3.2M | 68.42M | 56.15M | 59.15M | 73.83M | 72.65M | 153.88M | 92.37M | 99.19M | 164.41M | 237.94M | 295.9M | 88.9M | 74.7M | 195.61M | 382.6M | 166.3M | 115.8M | 76.8M |
| Long-Term Debt | 150M | 150M | 150M | 100M | 0 | 0 | 0 | 4.06M | 4.05M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.96M | 19.05M | 4.97M | 48.07M | 98.42M | 148.84M | 190.84M | 25M | 29.33M | 34.83M | 116M | 102.7M | 75.5M | 34.3M |
| Short-Term Debt | 374.82M | 367.67M | 325.65M | 334.86M | 290.96M | 312.46M | 295.96M | 211.25M | 261.91M | 252.22M | 248.31M | 154.87M | 134.93M | 137.8M | 114.65M | 189.05M | 112.71M | 118.33M | 194.46M | 161.92M | 136.57M | 152.25M | 145.18M | 168.4M | 173.22M | 127.2M | 248.77M | 386.72M | 183.4M | 172.8M | 90.3M |
| Other Liabilities | 5.44B | 1.16B | 108.99M | 121.87M | 139.42M | 84.8M | 106.16M | 69.57M | 56.73M | 45.43M | 45.51M | 39.45M | 46.57M | 41.19M | 43.73M | 39.16M | 21.85M | 14.71M | 47.38M | 31.8M | 32.64M | 31.36M | 30.41M | 27.74M | 32.22M | 34.62M | 53M | 47.96M | 135.4M | 38M | 16.1M |
| Total Current Liabilities | 374.82M | 3.12B | 5.47B | 5.27B | 5.16B | 5.24B | 4.95B | 4.29B | 4.24B | 3.57B | 3.48B | 3.24B | 3.01B | 2.92B | 2.52B | 2.41B | 2.28B | 2.28B | 2.24B | 2.15B | 2.12B | 2.08B | 1.82B | 1.81B | 1.74B | 1.82B | 2.33B | 2.34B | 2.25B | 1.95B | 919M |
| Total Non-Current Liabilities | 5.59B | 1.31B | 258.99M | 221.87M | 139.42M | 84.8M | 109.36M | 73.62M | 60.78M | 61.92M | 62.01M | 55.94M | 63.06M | 57.68M | 60.23M | 55.66M | 38.35M | 31.67M | 66.42M | 36.78M | 80.71M | 129.78M | 179.24M | 218.57M | 57.22M | 63.95M | 87.84M | 163.96M | 238.1M | 113.5M | 50.4M |
| Total Liabilities | 5.97B | 5.91B | 5.73B | 5.49B | 5.3B | 5.32B | 5.06B | 4.36B | 4.3B | 3.63B | 3.53B | 3.29B | 3.07B | 2.98B | 2.58B | 2.47B | 2.32B | 2.31B | 2.3B | 2.19B | 2.2B | 2.21B | 2B | 2.02B | 1.8B | 1.88B | 2.42B | 2.51B | 2.49B | 2.07B | 969.4M |
| Total Equity | 794.39M | 809.68M | 730.66M | 677.07M | 577.85M | 681.11M | 701.11M | 658.38M | 603.61M | 502.39M | 442.49M | 419.16M | 391.72M | 388.08M | 333.27M | 311.13M | 314.86M | 308.9M | 284.3M | 293.99M | 305.31M | 292.14M | 216.08M | 190.69M | 252.89M | 233.85M | 250.96M | 286.04M | 220.1M | 220.3M | 79.4M |
| Equity Growth % | 34.9% | 10.81% | 7.92% | 17.17% | -15.16% | -2.85% | 6.49% | 9.07% | 20.15% | 13.54% | 5.57% | 7.01% | 0.94% | 16.44% | 7.12% | -1.18% | 1.93% | 8.66% | -3.3% | -3.71% | 4.51% | 35.2% | 13.31% | -24.6% | 8.14% | -6.82% | -12.27% | 29.96% | -0.09% | 177.46% | 8.62% |
| Equity / Assets (Capital Ratio) | 11.75% | 12.05% | 11.31% | 10.98% | 9.83% | 11.34% | 12.17% | 13.12% | 12.32% | 12.16% | 11.15% | 11.29% | 11.32% | 11.52% | 11.42% | 11.2% | 11.94% | 11.78% | 10.99% | 11.84% | 12.17% | 11.67% | 9.76% | 8.61% | 12.35% | 11.05% | 9.39% | 10.24% | 8.13% | 9.64% | 7.57% |
| Return on Equity (ROE) | 16.66% | 16.94% | 16.64% | 18.23% | 16.22% | 12.74% | 13.18% | 14.16% | 12.66% | 11.5% | 12.1% | 13.34% | 13.58% | 13.37% | 12.09% | 13% | 12.49% | 14.38% | 9.72% | 17.03% | 17.8% | 19.79% | 22.79% | 19.7% | 13.34% | -10.73% | -14.29% | 2.46% | 2.36% | 17.55% | 27.93% |
| Book Value per Share | 55.65 | 56.36 | 49.72 | 45.47 | 38.85 | 44.21 | 43.83 | 40.31 | 39.10 | 32.55 | 29.67 | 27.63 | 25.29 | 24.66 | 22.52 | 20.56 | 20.12 | 19.39 | 17.58 | 17.36 | 17.19 | 16.51 | 12.80 | 11.25 | 14.81 | 13.85 | 14.87 | 16.98 | 13.04 | 36.17 | 12.82 |
| Tangible BV per Share | 44.63 | 45.37 | 38.83 | 34.55 | 31.07 | 36.61 | 36.42 | 32.95 | 31.14 | 27.46 | 24.37 | 22.37 | 20.50 | 19.89 | 18.13 | 16.85 | 16.50 | 15.81 | 14.03 | 13.92 | 13.88 | 13.15 | 12.43 | 11.25 | 14.81 | 13.85 | 14.87 | 16.98 | 13.04 | 36.17 | 12.82 |
| Common Stock | 47.62M | 47.62M | 47.62M | 47.62M | 47.62M | 47.62M | 47.62M | 47.62M | 47.62M | 47.62M | 46.52M | 46.25M | 46.25M | 46.25M | 46.25M | 46.25M | 46.25M | 46.25M | 46.25M | 46.25M | 46.25M | 46.25M | 42.3M | 42.3M | 42.3M | 42.23M | 42.23M | 42.2M | 0 | 0 | 0 |
| Additional Paid-in Capital | 173.13M | 174.6M | 176.51M | 177.42M | 170.98M | 170.94M | 171.3M | 170.31M | 169.56M | 140.96M | 112.87M | 106.27M | 107.37M | 107.6M | 103.52M | 103.33M | 103.06M | 102.92M | 102.89M | 103.39M | 104.04M | 104.44M | 55.51M | 57.36M | 59.03M | 59.17M | 59.17M | 59.16M | 0 | 0 | 0 |
| Retained Earnings | 954.41M | 935.05M | 852.76M | 780.3M | 706.7M | 641.83M | 589.99M | 539.25M | 485.97M | 443.48M | 417.02M | 390.69M | 362.21M | 334.42M | 309.27M | 291.05M | 270.9M | 253.17M | 230.61M | 224.39M | 194.21M | 160.75M | 128.18M | 96.46M | 66.08M | 41.15M | 67.15M | 112.95M | 120.2M | 127.1M | 30.2M |
| Accumulated OCI | -81.26M | -76.62M | -115.72M | -110.54M | -131.49M | 14.26M | 31.23M | 5.84M | -14.48M | -5.64M | -7.01M | -3.83M | -4.16M | -4.99M | -1.42M | -3.91M | -2.5M | -2.55M | -6.73M | 633K | -5.53M | -8.01M | -1.14M | 1.37M | 4.42M | 3.93M | -4.96M | -15.49M | 0 | 1.4M | 0 |
| Treasury Stock | -299.5M | -270.97M | -230.5M | -217.74M | -215.96M | -193.54M | -139.04M | -105.04M | -87.89M | -124.91M | -126.96M | -120.1M | -120.82M | -95.2M | -124.35M | -125.59M | -102.85M | -90.88M | -88.73M | -80.66M | -33.67M | -11.28M | -8.76M | -6.8M | -6.43M | -136K | -136K | -285K | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Geographic and regulatory concentration
As reported in recent financial statements, CHCO has grown total assets from $6.2 billion in 2023Q4 to $6.8 billion in 2026Q1, reflecting a disciplined expansion strategy that prioritizes steady balance sheet accumulation over aggressive, high-risk lending cycles within its core Appalachian operating footprint.
The bank's asset growth appears primarily driven by the strategic reinvestment of liquidity into its securities portfolio rather than rapid, potentially dilutive loan book expansion. This suggests a management team focused on maintaining a conservative risk profile while navigating the constraints of a mature, low-growth regional market.
Based on reported figures, CHCO maintains an equity-to-assets ratio consistently near 12%, a level that indicates a robust capital buffer relative to its peers and provides significant insulation against potential credit volatility within its concentrated regional loan portfolio.
This high capital ratio suggests that the bank is not over-leveraging its balance sheet to chase incremental returns, which is a prudent approach given the geographic concentration of its operations. Investors should monitor whether this conservative stance limits future ROE expansion or if it serves as a necessary defensive posture against localized economic downturns.
According to quarterly filings, CHCO holds a substantial investment securities portfolio of $6.1 billion as of 2026Q1, which serves as the primary liquidity engine for the bank, allowing for flexible balance sheet management in the absence of rapid loan growth.
The bank's reliance on a large securities portfolio implies that interest rate sensitivity is a critical factor for future performance, as the duration and yield of these assets will dictate the bank's ability to maintain its NIM. This strategy appears to prioritize liquidity and safety, though it may leave the bank vulnerable to unrealized losses if interest rates remain elevated for an extended period.
While the bank's balance sheet appears healthy, the heavy concentration of assets within West Virginia, as disclosed in regulatory filings, creates a non-obvious risk where localized economic shocks could disproportionately impact the bank's credit quality and fee-based revenue streams.
The lack of geographic diversification means that the bank's performance is inextricably linked to the economic health of a single region, which may not be fully captured by standard industry-wide risk metrics. Investors should consider that the bank's historical success in this niche may be difficult to replicate if the local economic environment faces structural headwinds.
Quick answers to the most common questions about buying CHCO stock.
As of 2025, City Holding Company (CHCO) had total assets of $6.72B including $101.9M in current assets.
City Holding Company (CHCO) carries total debt of $517.7M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
City Holding Company (CHCO) has total shareholders' equity (book value) of $809.7M ($56.36 book value per share). Book value represents the net worth of the company belonging to common stock holders.
City Holding Company (CHCO) reported a current ratio of 0.03x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.