City (CHCO)
Market Price (6/7/2026): $126.8 | Market Cap: $1.8 BilSector: Financials | Industry: Regional Banks
City (CHCO)
Market Price (6/7/2026): $126.8Market Cap: $1.8 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8%, FCF Yield is 7.4% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -49% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 43% Low stock price volatilityVol 12M is 20% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology. | Trading close to highsDist 52W High is -3.1%, Dist 3Y High is -3.1% Weak multi-year price returns2Y Excs Rtn is -9.0%, 3Y Excs Rtn is -17% | Key risksCHCO key risks include [1] significant credit exposure from its high concentration of loans in cyclical industries and commercial real estate, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8%, FCF Yield is 7.4% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -49% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 43% |
| Low stock price volatilityVol 12M is 20% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology. |
| Trading close to highsDist 52W High is -3.1%, Dist 3Y High is -3.1% |
| Weak multi-year price returns2Y Excs Rtn is -9.0%, 3Y Excs Rtn is -17% |
| Key risksCHCO key risks include [1] significant credit exposure from its high concentration of loans in cyclical industries and commercial real estate, Show more. |
Qualitative Assessment
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Updated on 6/1/2026
City (CHCO) stock has gained about 5% since 2/28/2026 because of the following key factors:
1. City Holding Company reported strong first-quarter 2026 earnings that surpassed analyst expectations. The company announced diluted earnings per share (EPS) of $2.20, which beat the Zacks Consensus Estimate of $2.17 per share by 1.62%. Net income available to common shareholders also saw a 4.6% increase year-over-year, reaching $31.74 million. This earnings beat, along with a 6.8% rise in net interest income to $59.6 million driven by loan growth and lower funding costs, contributed to investor confidence.
2. The company initiated a new share repurchase program, signaling management's positive outlook. On March 25, 2026, City Holding Company announced the approval of a stock repurchase plan authorizing the repurchase of up to 1,000,000 shares, representing approximately 7% of its outstanding common shares. During the first quarter of 2026, the company actively repurchased 262,017 shares at an average price of $117.79. Such buyback programs are often interpreted as a belief by company leadership that the shares are undervalued and can be accretive to EPS.
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City (CHCO) stock has gained about 5% since 2/28/2026 because of the following key factors:
1. City Holding Company reported strong first-quarter 2026 earnings that surpassed analyst expectations. The company announced diluted earnings per share (EPS) of $2.20, which beat the Zacks Consensus Estimate of $2.17 per share by 1.62%. Net income available to common shareholders also saw a 4.6% increase year-over-year, reaching $31.74 million. This earnings beat, along with a 6.8% rise in net interest income to $59.6 million driven by loan growth and lower funding costs, contributed to investor confidence.
2. The company initiated a new share repurchase program, signaling management's positive outlook. On March 25, 2026, City Holding Company announced the approval of a stock repurchase plan authorizing the repurchase of up to 1,000,000 shares, representing approximately 7% of its outstanding common shares. During the first quarter of 2026, the company actively repurchased 262,017 shares at an average price of $117.79. Such buyback programs are often interpreted as a belief by company leadership that the shares are undervalued and can be accretive to EPS.
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Stock Movement Drivers
Fundamental Drivers
The 6.4% change in CHCO stock from 2/28/2026 to 6/6/2026 was primarily driven by a 4.6% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 119.15 | 126.78 | 6.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 305 | 310 | 1.6% |
| Net Income Margin (%) | 42.8% | 42.6% | -0.5% |
| P/E Multiple | 13.1 | 13.7 | 4.6% |
| Shares Outstanding (Mil) | 14 | 14 | 0.6% |
| Cumulative Contribution | 6.4% |
Market Drivers
2/28/2026 to 6/6/2026| Return | Correlation | |
|---|---|---|
| CHCO | 6.4% | |
| Market (SPY) | 7.8% | 16.8% |
| Sector (XLF) | 2.2% | 36.6% |
Fundamental Drivers
The 6.0% change in CHCO stock from 11/30/2025 to 6/6/2026 was primarily driven by a 4.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 119.63 | 126.78 | 6.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 297 | 310 | 4.3% |
| Net Income Margin (%) | 42.9% | 42.6% | -0.9% |
| P/E Multiple | 13.6 | 13.7 | 1.2% |
| Shares Outstanding (Mil) | 14 | 14 | 1.3% |
| Cumulative Contribution | 6.0% |
Market Drivers
11/30/2025 to 6/6/2026| Return | Correlation | |
|---|---|---|
| CHCO | 6.0% | |
| Market (SPY) | 8.5% | 19.2% |
| Sector (XLF) | -1.1% | 46.5% |
Fundamental Drivers
The 10.5% change in CHCO stock from 5/31/2025 to 6/6/2026 was primarily driven by a 7.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312025 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 114.71 | 126.78 | 10.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 287 | 310 | 7.9% |
| Net Income Margin (%) | 41.0% | 42.6% | 3.7% |
| P/E Multiple | 14.2 | 13.7 | -3.5% |
| Shares Outstanding (Mil) | 15 | 14 | 2.4% |
| Cumulative Contribution | 10.5% |
Market Drivers
5/31/2025 to 6/6/2026| Return | Correlation | |
|---|---|---|
| CHCO | 10.5% | |
| Market (SPY) | 26.6% | 28.4% |
| Sector (XLF) | 4.2% | 50.3% |
Fundamental Drivers
The 59.8% change in CHCO stock from 5/31/2023 to 6/6/2026 was primarily driven by a 22.6% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 79.32 | 126.78 | 59.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 263 | 310 | 17.9% |
| Net Income Margin (%) | 40.0% | 42.6% | 6.5% |
| P/E Multiple | 11.2 | 13.7 | 22.6% |
| Shares Outstanding (Mil) | 15 | 14 | 3.8% |
| Cumulative Contribution | 59.8% |
Market Drivers
5/31/2023 to 6/6/2026| Return | Correlation | |
|---|---|---|
| CHCO | 59.8% | |
| Market (SPY) | 83.4% | 37.3% |
| Sector (XLF) | 72.8% | 59.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CHCO Return | 21% | 17% | 22% | 10% | 3% | 7% | 112% |
| Peers Return | 27% | 4% | 5% | 10% | 5% | 15% | 85% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| CHCO Win Rate | 75% | 42% | 67% | 42% | 58% | 67% | |
| Peers Win Rate | 68% | 47% | 53% | 48% | 55% | 77% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| CHCO Max Drawdown | -16% | -13% | -16% | -12% | -12% | -9% | |
| Peers Max Drawdown | -20% | -19% | -33% | -17% | -21% | -12% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: UBSI, WSBC, CTBI, PEBO, FCF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/5/2026 (YTD)
How Low Can It Go
| Event | CHCO | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -15.8% | -6.7% |
| % Gain to Breakeven | 18.8% | 7.1% |
| Time to Breakeven | 76 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -26.5% | -33.7% |
| % Gain to Breakeven | 36.0% | 50.9% |
| Time to Breakeven | 336 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -12.5% | -19.2% |
| % Gain to Breakeven | 14.3% | 23.8% |
| Time to Breakeven | 50 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -14.7% | -12.2% |
| % Gain to Breakeven | 17.2% | 13.9% |
| Time to Breakeven | 79 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.0% | -17.9% |
| % Gain to Breakeven | 26.6% | 21.8% |
| Time to Breakeven | 18 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -25.8% | -15.4% |
| % Gain to Breakeven | 34.8% | 18.2% |
| Time to Breakeven | 160 days | 125 days |
In The Past
City's stock fell -8.7% during the 2025 US Tariff Shock. Such a loss loss requires a 9.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | CHCO | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -26.5% | -33.7% |
| % Gain to Breakeven | 36.0% | 50.9% |
| Time to Breakeven | 336 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.0% | -17.9% |
| % Gain to Breakeven | 26.6% | 21.8% |
| Time to Breakeven | 18 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -25.8% | -15.4% |
| % Gain to Breakeven | 34.8% | 18.2% |
| Time to Breakeven | 160 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -41.4% | -53.4% |
| % Gain to Breakeven | 70.7% | 114.4% |
| Time to Breakeven | 366 days | 1085 days |
In The Past
City's stock fell -8.7% during the 2025 US Tariff Shock. Such a loss loss requires a 9.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About City (CHCO)
City 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.
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A regional Bank of America.
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- Deposit Accounts: Offers various accounts including checking, savings, money market, certificates of deposit, and individual retirement accounts.
- Commercial Loans: Provides loans to small and mid-size commercial and industrial businesses, alongside commercial real estate loans.
- Residential Real Estate Loans: Offers mortgages for home purchases/refinances, construction financing, land loans, and home equity loans.
- Consumer Loans: Provides secured and unsecured loans for personal use, such as automobiles, boats, and recreational vehicles.
- Mortgage Banking Services: Includes the production, secondary marketing, and servicing of fixed and adjustable-rate mortgages.
- Treasury and Cash Management Services: Delivers treasury management, lockbox, and merchant credit card services specifically for commercial customers.
- Wealth Management and Trust Services: Provides wealth management, investment, custodial, financial and estate planning, and retirement plan services for individuals and businesses.
- Digital Banking Services: Offers banking access through automated and interactive teller machines, mobile banking, and credit/debit card services.
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The major customers of City Holding Company (CHCO) fall into the following categories:1. Individual Consumers: This category includes individuals and households utilizing a wide range of personal banking services. These services encompass checking, savings, money market accounts, certificates of deposit, individual retirement accounts, residential real estate loans (for purchase or refinance), first-priority home equity loans, and various consumer loans (secured and unsecured by automobiles, boats, recreational vehicles, and other personal property). They also utilize wealth management, financial and estate planning, and everyday services like ATMs, mobile banking, and credit/debit cards.
2. Small to Mid-Size Commercial and Industrial Companies: City Holding Company serves a diverse group of corporate and other legal entity borrowers, primarily small to mid-size industrial and commercial companies. These customers obtain commercial and industrial loans, commercial real estate loans (for nonresidential and multi-family properties), and utilize specialized deposit services such as treasury management, lockbox, and other cash management services. They also benefit from merchant credit card services, corporate trust, and institutional custody, as well as retirement plan services.
3. Real Estate Investors and Developers: This category focuses on customers involved in commercial and residential real estate development and investment. They are served with commercial mortgages, construction financing, and land loans. While some residential real estate services overlap with individual consumers, this category specifically pertains to the more extensive financial needs of entities and individuals engaged in real estate ventures.
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Here is the management team for City Holding Company (CHCO): Charles H. Hageboeck – President & Chief Executive OfficerMr. Hageboeck was appointed Chief Executive Officer in February 2005. He initially joined City Holding Company as Chief Financial Officer in 2001 and is credited with leading a turnaround during a critical period when the company was facing potential failure. Prior to his time at City, he served as the Chief Financial Officer of Peoples Bank in Indianapolis, a company that was successfully sold to Fifth Third Bank in 1999. His banking career began at Indiana National Bank, where he started as a financial analyst and quickly advanced to head the Asset/Liability Management Committee. Mr. Hageboeck holds a Ph.D. in Economics from Indiana University and a bachelor's degree in Economics from Butler University.
David L. Bumgarner – Executive Vice President & Chief Financial Officer
Mr. Bumgarner has held the position of Executive Vice President and Chief Financial Officer for both City Holding Company and City National Bank since April 2019. Before this, he served as Senior Vice President and Chief Financial Officer from February 2005 to March 2019. He also holds the title of Principal Accounting Officer. Mr. Bumgarner is a graduate of West Virginia University and is a licensed Certified Public Accountant (CPA). His professional background includes serving as an Audit Senior Manager at Arnett & Foster, P.L.L.C., in Charleston, from August 2000 to January 2005.
Timothy J. Whittaker – Executive Vice President, Commercial Banking
Mr. Whittaker was appointed Executive Vice President of Commercial Banking, succeeding John A. DeRito, who retired effective December 31, 2025. He joined City Holding Company in 1998 as a Credit Officer. Prior to his current role, he served as Senior Vice President and Chief Credit Officer from 2004 until his appointment as EVP, Commercial Banking, in 2026. Mr. Whittaker began his banking career at United Bank. He holds a bachelor's degree from West Virginia State University and is a Certified Public Accountant.
Michael T. Quinlan, Jr. – Executive Vice President, Retail Banking
Mr. Quinlan has served as the Executive Vice President of Retail Banking since 2021. He became part of City Holding Company and City National Bank in August 2001. Before joining City, he accumulated 10 years of experience at Truist (formerly BB&T) in Charleston, where he held various positions of increasing responsibility. Mr. Quinlan is a graduate of West Virginia University and is actively involved in the community, serving as Treasurer of the West Virginia Symphony Orchestra.
Jeffrey Dale Legge – Executive Vice President & Chief Information Officer
Mr. Legge holds the position of Executive Vice President and Chief Information Officer for City Holding Company and City National Bank. He joined the company in 1989. Throughout his tenure, he has held several key roles, including Senior Vice President and Information Systems Director. His earlier experience at City Holding Co. includes serving as Assistant Vice President of Data Processing from 1993 to 1997, Vice President of Data Processing from 1997 to 1998, and Senior Vice President and Director of Data Processing since 1998. He also previously served as Chief Administrative Officer.
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Key Risks to City Holding Company (CHCO)
1. Credit Risk: As a financial institution engaged in extensive lending, City Holding Company faces significant credit risk. The company provides a variety of loans, including commercial and industrial, commercial real estate, residential real estate, home equity, and other consumer loans. A downturn in the economic conditions within its primary operating regions (West Virginia, Virginia, Kentucky, and Ohio) or specific industry sectors could lead to increased loan defaults, delinquencies, and charge-offs. This would directly impact the quality of its asset portfolio and reduce its profitability.
2. Interest Rate Risk: City Holding Company's profitability is highly sensitive to fluctuations in interest rates. As a bank, its net interest income, which is the difference between interest earned on assets (like loans) and interest paid on liabilities (like deposits), is directly affected by changes in market interest rates. Rapid or significant changes in interest rates could compress net interest margins, increase the cost of funds, or reduce demand for loans, thereby negatively impacting the company's financial performance.
3. Regulatory and Compliance Risk: The banking industry is heavily regulated, and City Holding Company is subject to extensive federal and state laws and regulations. Changes in regulatory requirements, increased compliance costs, or the failure to comply with existing regulations (e.g., related to consumer protection, capital adequacy, anti-money laundering, or data privacy) could result in significant fines, penalties, operational restrictions, reputational damage, and increased operating expenses.
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The clear emerging threat for City Holding Company is the pervasive digital disruption of traditional financial services by fintech companies, neobanks, online lenders, and digital wealth management platforms. These entities leverage technology to offer banking, lending, and investment services that are often more convenient, faster, and sometimes lower-cost than those provided by traditional regional banks with extensive branch networks, potentially eroding CHCO's customer base, deposit market share, loan origination volume, and wealth management fees. This trend is analogous to how Netflix's streaming model challenged Blockbuster's physical store-based business.
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City Holding Company (CHCO) operates in West Virginia, Virginia, Kentucky, and Ohio, providing various banking, trust and investment management, and other financial solutions.
Addressable Market Sizes for Main Products or Services:
Banking Services (Deposits and Loans)
- West Virginia: The total deposits for all depository institutions in West Virginia were approximately $51.3 billion as of June 30, 2025. Total assets for banks in West Virginia were approximately $50.81 billion as of June 30, 2025.
- Virginia: Total deposits in all banks in Virginia were $296 billion as of Q2 2024. In 2024, new home loans booked in Virginia amounted to $35.2 billion, small business loans were $14 billion, and small farm loans were $1.1 billion. Total assets for banks in Virginia were approximately $973.53 billion as of June 30, 2025.
- Kentucky: Total assets for banks in Kentucky were approximately $83.72 billion as of December 31, 2025.
- Ohio: Total deposits for banks in Ohio were approximately $3.73 trillion as of March 31, 2025. Total assets for banks in Ohio were approximately $5.20 trillion as of June 30, 2025. In 2022, home mortgages provided in Ohio exceeded $32.0 billion, and small business loans were $10.7 billion.
Wealth Management and Investment Management Services
- West Virginia: The market size for the Portfolio Management & Investment Advice industry in West Virginia is estimated at $267.7 million in 2026.
- Virginia: The market size for the Portfolio Management & Investment Advice industry in Virginia is estimated at $5.7 billion in 2026.
- Kentucky: The market size for the Portfolio Management & Investment Advice industry in Kentucky is estimated at $1.7 billion in 2026.
- Ohio: Null (unable to size the statewide wealth management market for Ohio).
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City Holding Company (CHCO) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Continued Growth in Net Interest Income (NII) through Loan Expansion: City Holding Company's primary revenue engine is its net interest income, which has shown consistent growth. This is expected to continue through increasing loan yields and a rise in average loans outstanding across various categories, including residential real estate, commercial real estate, commercial and industrial, and home equity loans.
- Expansion of Wealth and Investment Management Services: The company views wealth and investment management as a significant and growing fee-based revenue stream. This segment has demonstrated a strong growth trajectory, contributing to a diversified and sustainable revenue strategy.
- Growth in Other Non-Interest Income: Beyond wealth management, City Holding Company anticipates revenue growth from other non-interest income segments, particularly service fees. These targeted increases in fee-based income streams are less susceptible to interest rate fluctuations, offering a stable component of revenue.
- Strategic Investment in Digital Channels and Technology: The company is investing in digital channels, such as Interactive Teller Machines (ITMs) and mobile banking. These investments are aimed at enhancing customer engagement, expanding service offerings, and improving operational efficiency, which can lead to customer acquisition and retention, thereby supporting revenue growth.
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Share Repurchases
- City Holding Company's board authorized a new share repurchase plan on January 31, 2024, to buy back up to 1,000,000 common shares, representing approximately 7% of outstanding shares, rescinding a previous May 2022 plan.
- Under the May 2022 repurchase plan, the company repurchased 849,681 shares through January 31, 2024.
- During 2025, approximately 397,000 common shares were repurchased at a weighted average price of $115.24 per share as part of the January 2024 authorization, totaling approximately $45.75 million. As of December 31, 2025, approximately 424,000 shares remained available for repurchase under this plan.
Share Issuance
- There is no information available indicating any significant share issuances by City Holding Company in the last 3-5 years. Insider purchases by directors have occurred, such as Robert Fisher acquiring 213 shares on March 9, 2026, and Diane W. Strong-Treister purchasing 126 shares on March 9, 2026.
Outbound Investments
- City Holding Company made a strategic outbound investment through the acquisition of Citizens Commerce Bancshares, Inc., which has enhanced its market reach and customer service capabilities.
Capital Expenditures
- City Holding Company's Capital Expenditures 1-Year Growth was 8.1% in 2025, an increase of 193.2% year-over-year.
- As of its 2021 annual report, there were no anticipated material capital expenditures or expected material effects on earnings related to compliance with environmental protection provisions.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is City Stock Built to Withstand a Pullback? | 10/17/2025 | |
| Why City Stock Moved: CHCO Stock Has Gained 71% Since 2021 Fiscal End, Primarily Due To Favorable Change In Revenues | 08/08/2025 | |
| City (CHCO) Valuation Ratios Comparison | 08/08/2025 | |
| Time To Buy City Stock? | 05/16/2025 | |
| City (CHCO) Operating Cash Flow Comparison | 02/17/2025 | |
| City (CHCO) Net Income Comparison | 02/15/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 39.52 |
| Mkt Cap | 1.9 |
| Rev LTM | 499 |
| Op Inc LTM | - |
| FCF LTM | 169 |
| FCF 3Y Avg | 143 |
| CFO LTM | 178 |
| CFO 3Y Avg | 154 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.9% |
| Rev Chg 3Y Avg | 7.9% |
| Rev Chg Q | 10.7% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 40.7% |
| CFO/Rev 3Y Avg | 37.0% |
| FCF/Rev LTM | 38.8% |
| FCF/Rev 3Y Avg | 33.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.9 |
| P/S | 3.9 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 12.0 |
| P/CFO | 10.2 |
| Total Yield | 11.6% |
| Dividend Yield | 3.2% |
| FCF Yield 3Y Avg | 9.6% |
| D/E | 0.1 |
| Net D/E | -0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.2% |
| 3M Rtn | 10.8% |
| 6M Rtn | 17.7% |
| 12M Rtn | 25.2% |
| 3Y Rtn | 43.7% |
| 1M Excs Rtn | 1.9% |
| 3M Excs Rtn | 1.3% |
| 6M Excs Rtn | 9.4% |
| 12M Excs Rtn | 3.8% |
| 3Y Excs Rtn | -9.9% |
Price Behavior
Price Behavior
| Market Price | $126.78 | |
| Market Cap ($ Bil) | 1.8 | |
| First Trading Date | 02/19/1993 | |
| Distance from 52W High | -3.1% | |
| 50 Days | 200 Days | |
| DMA Price | $123.67 | $121.74 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 2.5% | 4.1% |
| 3M | 1YR | |
| Volatility | 16.4% | 19.7% |
| Downside Capture | 19.27 | 45.00 |
| Upside Capture | 41.40 | 45.03 |
| Correlation (SPY) | 20.6% | 29.9% |
CHCO Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.32 | 0.34 | 0.22 | 0.28 | 0.49 | 0.58 |
| Up Beta | 0.26 | 0.24 | 0.04 | 0.27 | 0.61 | 0.63 |
| Down Beta | 0.75 | -0.58 | 0.09 | 0.32 | 0.44 | 0.46 |
| Up Capture | 22% | 40% | 32% | 24% | 34% | 32% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 11 | 22 | 34 | 62 | 118 | 369 |
| Down Capture | 26% | 81% | 33% | 29% | 57% | 82% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 19 | 29 | 62 | 132 | 381 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CHCO | |
|---|---|---|---|---|
| CHCO | 11.6% | 19.7% | 0.44 | - |
| Sector ETF (XLF) | 4.6% | 14.6% | 0.09 | 50.2% |
| Equity (SPY) | 25.3% | 12.1% | 1.57 | 28.3% |
| Gold (GLD) | 27.6% | 26.9% | 0.88 | -4.4% |
| Commodities (DBC) | 36.9% | 19.0% | 1.52 | -14.5% |
| Real Estate (VNQ) | 12.5% | 13.3% | 0.63 | 42.9% |
| Bitcoin (BTCUSD) | -42.0% | 42.5% | -1.16 | 13.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CHCO | |
|---|---|---|---|---|
| CHCO | 12.8% | 23.2% | 0.48 | - |
| Sector ETF (XLF) | 8.5% | 18.6% | 0.34 | 57.6% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 39.5% |
| Gold (GLD) | 17.3% | 18.1% | 0.78 | -2.8% |
| Commodities (DBC) | 9.5% | 19.4% | 0.38 | 4.5% |
| Real Estate (VNQ) | 3.2% | 18.8% | 0.07 | 41.1% |
| Bitcoin (BTCUSD) | 11.3% | 54.6% | 0.40 | 15.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CHCO | |
|---|---|---|---|---|
| CHCO | 13.3% | 26.6% | 0.50 | - |
| Sector ETF (XLF) | 12.6% | 22.2% | 0.52 | 68.8% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 50.7% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | -8.6% |
| Commodities (DBC) | 7.1% | 18.0% | 0.32 | 13.6% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 46.1% |
| Bitcoin (BTCUSD) | 63.3% | 66.9% | 1.03 | 12.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/23/2026 | 1.8% | -2.4% | 0.0% |
| 1/21/2026 | 2.1% | -0.9% | 2.4% |
| 10/22/2025 | 1.8% | -0.4% | -1.2% |
| 7/22/2025 | 3.8% | 2.1% | -0.5% |
| 4/23/2025 | 1.7% | 2.0% | 3.8% |
| 1/23/2025 | -0.1% | -0.5% | -1.4% |
| 10/24/2024 | 0.2% | 1.3% | 11.6% |
| 7/23/2024 | -1.2% | -1.4% | -6.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 11 | 13 |
| # Negative | 9 | 13 | 11 |
| Median Positive | 1.8% | 2.1% | 4.0% |
| Median Negative | -1.2% | -2.0% | -1.3% |
| Max Positive | 4.8% | 7.6% | 11.6% |
| Max Negative | -4.0% | -4.1% | -7.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
Insider Activity
Updated 5/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bumgarner, David L | EVP & Chief Financial Officer | Direct | Sell | 5262026 | 124.50 | 1,161 | 144,544 | 1,327,935 | Form |
| 2 | Bumgarner, David L | EVP & Chief Financial Officer | Direct | Sell | 5212026 | 124.50 | 805 | 100,222 | 1,472,480 | Form |
| 3 | Parsons, James M | by James M. Parsons IRA | Buy | 5132026 | 121.60 | 100 | 12,160 | 340,480 | Form | |
| 4 | Bumgarner, David L | EVP & Chief Financial Officer | Direct | Sell | 5072026 | 125.00 | 402 | 50,250 | 1,579,018 | Form |
| 5 | Hageboeck, Charles R | President & CEO | Direct | Sell | 4282026 | 125.00 | 375 | 46,876 | 7,024,618 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 6/6/2026