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    City (CHCO)

    Market Price (7/23/2026): $139.34 | Market Cap: $2.0 BilSector: Financials | Industry: Regional Banks

    City (CHCO)

    Market Price (7/23/2026): $139.34
    Market Cap: $2.0 Bil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8%, FCF Yield is 6.8%

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -45%

    Attractive cash flow generation
    CFO/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 volatility
    Vol 12M is 20%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.

    Trading close to highs
    Dist 52W High is 0.0%, Dist 3Y High is 0.0%

    Weak multi-year price returns
    2Y Excs Rtn is -15%, 3Y Excs Rtn is -3.4%

    Key risks
    CHCO key risks include [1] significant credit exposure from its high concentration of loans in cyclical industries and commercial real estate, Show more.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8%, FCF Yield is 6.8%
    1 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -45%
    2 Attractive cash flow generation
    CFO/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%
    3 Low stock price volatility
    Vol 12M is 20%
    4 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.
    5 Trading close to highs
    Dist 52W High is 0.0%, Dist 3Y High is 0.0%
    6 Weak multi-year price returns
    2Y Excs Rtn is -15%, 3Y Excs Rtn is -3.4%
    7 Key risks
    CHCO key risks include [1] significant credit exposure from its high concentration of loans in cyclical industries and commercial real estate, Show more.

    CHCO in ETFs

    Weight = CHCO's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.06%
    IJR0.11%
    SCHD0.05%
    VIG0.01%
    VYM0.01%
    VB0.02%
    +18 more covered ETFs

    Valuation & Metrics

    FYE: 12/31CHCO [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$309.9 Mil—
    FY 2026 Sales$325.0 Mil—
    FY 2027 Sales$333.9 Mil—
    FY 2026 Sales Growth4.9%—
    FY 2027 Sales Growth2.8%8.1%
    EARNINGS
    LTM Net Income (GAAP) [3]$131.9 Mil—
    FY 2026 Net Income (Non-GAAP)$130.1 Mil—
    FY 2027 Net Income (Non-GAAP)$136.1 Mil—
    FY 2027 Net Income Growth4.6%16.1%
    FY 2026 EPS (Non-GAAP)$9.06—
    FY 2027 EPS (Non-GAAP)$9.48—
    FY 2027 EPS Growth4.6%—
    VALUATION
    FY 2026 P/S6.13.3
    FY 2027 P/S6.0—
    FY 2026 P/E15.319.8
    FY 2027 P/E14.6—

    [1] CHCO forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 7/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    CHCOS&P 500
    REVENUE GROWTHFAIR
    Rev LTM ($ Bil)0.3
    Rev Chg Q6.6%8.9%
    Rev Chg LTM7.9%7.5%
    Rev Chg 3Y Avg5.7%5.9%
    PROFITABILITYVERY GOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.1
    Net Inc LTM ($ Bil)0.1
    CFO/Rev LTM44.5%21.4%
    Net Inc Mgn42.6%13.0%
    VALUATIONMODERATE
    P/S6.43.3
    P/CFO14.415.2
    P/FCF14.820.0
    P/E15.124.3

    AI Analysis | Feedback

    MetricValueDateSource
    Gross loan to deposit ratio83.9%9302025Link
    Gross loan to asset ratio66.2%9302025Link
    Ratio of nonperforming assets to total loans and other real estate owned0.32%9302025Link
    Total past due loans$8.3 million9302025Link
    Number of branches9610202025Link
    Leverage Ratio10.2%9302025Link
    Common Equity Tier I ratio15.8%9302025Link
    Tier I Capital ratio15.8%9302025Link
    Total Risk-Based Capital ratio16.3%9302025Link

    Price Chart

    Recent
    7/15/2026DividendAmount: $0.87
    Payment On: 7/31/2026
    Upcoming
    7/22/2026Earnings ReleaseRev: $81 Mil (A) vs. $80 Mil (E)
    EPS: 2.35 (A) vs. $2.23 (E)
    10/28/2026Earnings ReleaseRev: $82 Mil (E)
    EPS: $2.32 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 7/1/2026

    City (CHCO) stock has gained about 20% since 3/31/2026 because of the following key factors:

    1. Strong Fiscal Q1 2026 Earnings Exceed Expectations. City Holding Company reported diluted earnings per share (EPS) of $2.20 for the fiscal first quarter ended March 31, 2026, exceeding analysts' consensus estimates of $2.17 by $0.03. The company's revenue for the quarter was $79.25 million, meeting analyst expectations. Management attributed this solid operational performance to disciplined expense control and stable net interest margins.

    2. Initiation of a Significant Stock Repurchase Program. The company's board of directors approved a new stock repurchase program on March 25, 2026, authorizing the buyback of up to 1,000,000 shares. This strategic move indicates management's confidence in the company's valuation and its commitment to returning value to shareholders.

    Show more
    Updated on 7/1/2026

    City (CHCO) stock has gained about 20% since 3/31/2026 because of the following key factors:

    1. Strong Fiscal Q1 2026 Earnings Exceed Expectations. City Holding Company reported diluted earnings per share (EPS) of $2.20 for the fiscal first quarter ended March 31, 2026, exceeding analysts' consensus estimates of $2.17 by $0.03. The company's revenue for the quarter was $79.25 million, meeting analyst expectations. Management attributed this solid operational performance to disciplined expense control and stable net interest margins.

    2. Initiation of a Significant Stock Repurchase Program. The company's board of directors approved a new stock repurchase program on March 25, 2026, authorizing the buyback of up to 1,000,000 shares. This strategic move indicates management's confidence in the company's valuation and its commitment to returning value to shareholders.

    3. Positive Analyst Sentiment and Upgraded Price Targets. Several analysts reiterated or upgraded their ratings and increased price targets for CHCO during the period. For example, Hovde Group raised its price target for City Holding from $133.00 to $135.00 on April 28, 2026. Additionally, Zacks upgraded CHCO to a "Buy" rating on June 17, 2026, citing an upward trend in earnings estimates. The average twelve-month price objective among analysts covering the stock was $134.25 as of June 27, 2026.

    4. Demonstrably Improved Credit Quality and Consistent Dividends. City Holding Company showed improved credit quality, with non-performing assets decreasing from $14.4 million (0.32% of loans) at December 31, 2025, to $12.18 million (0.27%) at March 31, 2026. Alongside this, the company maintained investor confidence by declaring a consistent quarterly cash dividend of $0.87 per share.

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    Stock Movement Drivers

    Fundamental Drivers

    The 18.0% change in CHCO stock from 3/31/2026 to 7/22/2026 was primarily driven by a 16.0% change in the company's P/E Multiple.
    (LTM values as of)33120267222026Change
    Stock Price ($)117.93139.1718.0%
    Change Contribution By: 
    Total Revenues ($ Mil)3053101.6%
    Net Income Margin (%)42.8%42.6%-0.5%
    P/E Multiple13.015.116.0%
    Shares Outstanding (Mil)14140.6%
    Cumulative Contribution18.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    3/31/2026 to 7/22/2026
    ReturnCorrelation
    CHCO18.0% 
    Market (SPY)14.9%-4.8%
    Sector (XLF)13.5%35.4%

    Fundamental Drivers

    The 19.2% change in CHCO stock from 12/31/2025 to 7/22/2026 was primarily driven by a 13.8% change in the company's P/E Multiple.
    (LTM values as of)123120257222026Change
    Stock Price ($)116.79139.1719.2%
    Change Contribution By: 
    Total Revenues ($ Mil)2973104.3%
    Net Income Margin (%)42.9%42.6%-0.9%
    P/E Multiple13.215.113.8%
    Shares Outstanding (Mil)14141.3%
    Cumulative Contribution19.2%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    12/31/2025 to 7/22/2026
    ReturnCorrelation
    CHCO19.2% 
    Market (SPY)9.9%8.6%
    Sector (XLF)2.9%46.0%

    Fundamental Drivers

    The 17.6% change in CHCO stock from 6/30/2025 to 7/22/2026 was primarily driven by a 7.9% change in the company's Total Revenues ($ Mil).
    (LTM values as of)63020257222026Change
    Stock Price ($)118.35139.1717.6%
    Change Contribution By: 
    Total Revenues ($ Mil)2873107.9%
    Net Income Margin (%)41.0%42.6%3.7%
    P/E Multiple14.715.12.7%
    Shares Outstanding (Mil)15142.4%
    Cumulative Contribution17.6%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2025 to 7/22/2026
    ReturnCorrelation
    CHCO17.6% 
    Market (SPY)22.0%19.6%
    Sector (XLF)8.3%48.4%

    Fundamental Drivers

    The 69.2% change in CHCO stock from 6/30/2023 to 7/22/2026 was primarily driven by a 29.8% change in the company's P/E Multiple.
    (LTM values as of)63020237222026Change
    Stock Price ($)82.28139.1769.2%
    Change Contribution By: 
    Total Revenues ($ Mil)26331017.9%
    Net Income Margin (%)40.0%42.6%6.5%
    P/E Multiple11.615.129.8%
    Shares Outstanding (Mil)15143.8%
    Cumulative Contribution69.2%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2023 to 7/22/2026
    ReturnCorrelation
    CHCO69.2% 
    Market (SPY)74.6%35.8%
    Sector (XLF)73.7%58.4%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    CHCO Return21%17%22%10%3%16%129%
    Peers Return27%4%5%10%5%29%108%
    S&P 500 Return27%-19%24%23%16%10%100%

    Monthly Win Rates [3]
    CHCO Win Rate75%42%67%42%58%71% 
    Peers Win Rate68%47%53%48%55%83% 
    S&P 500 Win Rate75%42%67%75%67%57% 

    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 7/22/2026 (YTD)

    How Low Can It Go

    EventCHCOS&P 500
    2023 SVB Regional Banking Crisis
      % Loss-15.8%-6.7%
      % Gain to Breakeven18.8%7.1%
      Time to Breakeven76 days31 days
    2020 COVID-19 Crash
      % Loss-26.5%-33.7%
      % Gain to Breakeven36.0%50.9%
      Time to Breakeven336 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-12.5%-19.2%
      % Gain to Breakeven14.3%23.8%
      Time to Breakeven50 days105 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-14.7%-12.2%
      % Gain to Breakeven17.2%13.9%
      Time to Breakeven79 days62 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-21.0%-17.9%
      % Gain to Breakeven26.6%21.8%
      Time to Breakeven18 days123 days
    2010 Eurozone Sovereign Debt Crisis / Flash Crash
      % Loss-25.8%-15.4%
      % Gain to Breakeven34.8%18.2%
      Time to Breakeven160 days125 days

    Compare to UBSI, WSBC, CTBI, PEBO, FCF

    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.

    EventCHCOS&P 500
    2020 COVID-19 Crash
      % Loss-26.5%-33.7%
      % Gain to Breakeven36.0%50.9%
      Time to Breakeven336 days140 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-21.0%-17.9%
      % Gain to Breakeven26.6%21.8%
      Time to Breakeven18 days123 days
    2010 Eurozone Sovereign Debt Crisis / Flash Crash
      % Loss-25.8%-15.4%
      % Gain to Breakeven34.8%18.2%
      Time to Breakeven160 days125 days
    2008-2009 Global Financial Crisis
      % Loss-41.4%-53.4%
      % Gain to Breakeven70.7%114.4%
      Time to Breakeven366 days1085 days

    Compare to UBSI, WSBC, CTBI, PEBO, FCF

    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 (CHCO) functions as a holding company for City National Bank of West Virginia, offering a comprehensive suite of banking, trust, and investment management solutions. Its primary operations are centered around traditional community banking services, catering to both individual and business clients across West Virginia, Virginia, Kentucky, and Ohio.

    The company provides a wide array of financial products and services. These include various deposit accounts like checking, savings, money market accounts, and certificates of deposit. Lending offerings encompass commercial and industrial loans, commercial real estate loans, residential mortgages, home equity loans, and consumer loans for vehicles and other personal property. Additionally, CHCO offers mortgage banking services, treasury and cash management for businesses, merchant credit card services, and robust wealth management, trust, and investment solutions.

    CHCO primarily serves a diverse clientele, including small to mid-size industrial and commercial companies, corporate entities, and individual consumers. Businesses utilize services such as commercial loans and treasury management, while individual customers benefit from deposit accounts, mortgages, and consumer lending. The company also provides wealth management and institutional custody services. Its market footprint spans West Virginia, Virginia, Kentucky, and Ohio, supported by a network of 94 branches.

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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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    Visa Inc. (V)

    Mastercard Incorporated (MA)

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    Here is the management team for City Holding Company (CHCO): Charles H. Hageboeck – President & Chief Executive Officer
    Mr. 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:

    1. 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.
    2. 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.
    3. 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.
    4. 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.

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    Financials

    CHCOUBSIWSBCCTBIPEBOFCFMedian
    NameCity United B.Wesbanco Communit.Peoples .First Co. 
    Mkt Price139.1746.9140.9174.1940.0720.8343.91
    Mkt Cap2.06.53.91.31.42.12.1
    Rev LTM3101,2621,038291460538499
    Op Inc LTM-------
    FCF LTM134521415101130203169
    FCF 3Y Avg13046024496128156143
    CFO LTM138540423108135218178
    CFO 3Y Avg133474255103136172154

    Growth & Margins

    CHCOUBSIWSBCCTBIPEBOFCFMedian
    NameCity United B.Wesbanco Communit.Peoples .First Co. 
    Rev Chg LTM7.9%18.4%59.9%13.5%3.8%12.2%12.9%
    Rev Chg 3Y Avg5.7%6.1%22.8%8.3%11.2%7.4%7.9%
    Rev Chg Q6.6%9.3%33.1%12.1%5.8%13.2%10.7%
    QoQ Delta Rev Chg LTM1.6%2.2%6.5%2.8%1.4%3.0%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 LTM44.5%42.8%40.8%37.1%29.3%40.6%40.7%
    CFO/Rev 3Y Avg45.4%42.3%32.4%39.9%30.3%34.2%37.0%
    FCF/Rev LTM43.4%41.3%40.0%34.7%28.3%37.7%38.8%
    FCF/Rev 3Y Avg44.4%41.0%30.7%37.0%28.5%30.9%33.9%

    Valuation

    CHCOUBSIWSBCCTBIPEBOFCFMedian
    NameCity United B.Wesbanco Communit.Peoples .First Co. 
    Mkt Cap2.06.53.91.31.42.12.1
    P/S6.45.23.84.63.14.04.3
    P/Op Inc-------
    P/EBIT-------
    P/E15.113.012.313.012.613.513.0
    P/CFO14.412.19.312.410.49.711.3
    Total Yield9.2%10.9%11.7%10.5%12.1%10.0%10.7%
    Dividend Yield2.5%3.2%3.5%2.8%4.2%2.6%3.0%
    FCF Yield 3Y Avg7.5%8.7%9.4%9.7%11.2%9.1%9.2%
    D/E0.10.10.40.10.50.10.1
    Net D/E-0.4-0.30.1-0.30.3-0.6-0.3

    Returns

    CHCOUBSIWSBCCTBIPEBOFCFMedian
    NameCity United B.Wesbanco Communit.Peoples .First Co. 
    1M Rtn9.6%4.4%11.5%7.6%9.5%5.7%8.5%
    3M Rtn12.6%9.0%25.0%15.7%19.6%13.4%14.6%
    6M Rtn13.5%11.7%17.1%16.2%24.9%16.7%16.5%
    12M Rtn11.1%31.3%31.0%35.3%39.2%28.1%31.1%
    3Y Rtn58.5%68.8%69.6%125.4%71.0%66.1%69.2%
    1M Excs Rtn9.2%4.0%11.1%7.2%9.1%5.4%8.2%
    3M Excs Rtn5.6%2.3%9.6%8.7%12.2%6.9%7.8%
    6M Excs Rtn5.5%7.7%13.0%17.6%19.8%11.9%12.5%
    12M Excs Rtn-3.6%12.2%12.0%16.2%15.1%9.2%12.1%
    3Y Excs Rtn-3.4%12.1%15.0%62.7%6.0%6.5%9.3%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
    Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
    Filing Date5/6/20262/25/202611/5/20258/6/20255/7/20252/26/202511/6/20248/7/20245/8/20242/28/202411/3/20238/3/2023
    Key Financials Quarterly            
    Total Revenue777879767270747170677174
    Net Income323235333029302930273033
    EPS2.202.182.412.292.061.942.021.961.981.841.982.16
    Key Financials TTM            
    Total Revenue TTM310305297292287285282279282282285280
    Net Income TTM132130128122118117116116120114118115
    Growth Rates Quarterly            
    Total Revenue Growth6.6%11.5%7.3%6.2%3.2%4.6%4.0%-3.8%-0.7%-3.3%7.9%28.8%
    Net Income Growth4.6%10.2%18.0%14.7%2.8%4.4%-0.1%-11.1%21.3%-10.5%9.0%44.3%
    Margins Quarterly            
    Net Income Margin41.1%40.4%44.5%44.1%41.9%40.9%40.5%40.9%42.1%41.0%42.1%44.2%
    Cash & Debt            
    Total Cash1,0429791,0231,0461,1139532961,6751,6661,4941,4691,651
    Total Debt150150150150150150150150150125100100
    Net Debt / (Cash)-892-829-873-896-963-803-146-1,525-1,516-1,369-1,369-1,551
    Cash Flows Quarterly            
    FCF from Operations383437283234382832343727
    Cash Flows TTM            
    FCF from Operations TTM138131131131131132132131130138138138
    Returns to Shareholders Quarterly            
    Dividends151311121212111111111010
    Share Repurchases3117-0199-0-014461024
    Return on Invested Capital (ROIC) Quarterly            
    ROIC------------
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM------------

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Community Banking305285282246219
    Total305285282246219


    Price Behavior

    Price Behavior
    Market Price$139.17 
    Market Cap ($ Bil)2.0 
    First Trading Date02/19/1993 
    Distance from 52W High0.0% 
       50 Days200 Days
    DMA Price$128.14$122.27
    DMA Trendupup
    Distance from DMA8.6%13.8%
     3M1YR
    Volatility19.2%19.6%
    Downside Capture-43.6822.71
    Upside Capture20.6130.14
    Correlation (SPY)-13.8%19.3%
    CHCO Betas & Captures as of 6/30/2026

     1M2M3M6M1Y3Y
    Beta-0.36-0.23-0.100.140.320.54
    Up Beta-1.47-0.99-0.36-0.080.310.57
    Down Beta0.07-0.03-0.350.150.280.43
    Up Capture17%19%28%25%26%30%
    Bmk +ve Days11244067140429
    Stock +ve Days14253668121373
    Down Capture-56%-37%-10%15%38%78%
    Bmk -ve Days10172358112321
    Stock -ve Days7162757131377

    [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
    CHCO15.4%19.9%0.60-
    Sector ETF (XLF)8.3%14.6%0.3347.3%
    Equity (SPY)20.0%12.6%1.1618.8%
    Gold (GLD)21.2%28.1%0.67-6.1%
    Commodities (DBC)33.0%19.1%1.36-14.5%
    Real Estate (VNQ)13.9%14.0%0.7042.3%
    Bitcoin (BTCUSD)-43.6%42.9%-1.218.7%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with CHCO
    CHCO17.0%23.1%0.63-
    Sector ETF (XLF)10.8%18.5%0.4556.6%
    Equity (SPY)12.8%17.1%0.5838.4%
    Gold (GLD)17.3%18.4%0.76-3.9%
    Commodities (DBC)9.3%19.5%0.373.3%
    Real Estate (VNQ)2.7%18.9%0.0441.3%
    Bitcoin (BTCUSD)15.2%53.5%0.4616.5%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with CHCO
    CHCO15.0%26.5%0.55-
    Sector ETF (XLF)13.5%22.0%0.5668.2%
    Equity (SPY)15.1%17.9%0.7249.7%
    Gold (GLD)11.5%16.1%0.58-7.7%
    Commodities (DBC)7.1%17.9%0.3112.8%
    Real Estate (VNQ)5.0%20.7%0.2046.2%
    Bitcoin (BTCUSD)58.5%66.2%0.9913.1%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date6302026
    Short Interest: Shares Quantity1.0 Mil
    Short Interest: % Change Since 61520266.0%
    Average Daily Volume0.2 Mil
    Days-to-Cover Short Interest4.8 days
    Basic Shares Quantity14.3 Mil
    Short % of Basic Shares6.8%

    Returns Analyses

    Earnings Returns History

    Updated 6/3/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    4/23/20261.8%-2.4%0.0%
    1/21/20262.1%-0.9%2.4%
    10/22/20251.8%-0.4%-1.2%
    7/22/20253.8%2.1%-0.5%
    4/23/20251.7%2.0%3.8%
    1/23/2025-0.1%-0.5%-1.4%
    10/24/20240.2%1.3%11.6%
    7/23/2024-1.2%-1.4%-6.7%
    ...
    SUMMARY STATS   
    # Positive151113
    # Negative91311
    Median Positive1.8%2.1%4.0%
    Median Negative-1.2%-2.0%-1.3%
    Max Positive4.8%7.6%11.6%
    Max Negative-4.0%-4.1%-7.0%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    4/23/20261.8%-2.4%0.0%
    1/21/20262.1%-0.9%2.4%
    10/22/20251.8%-0.4%-1.2%
    7/22/20253.8%2.1%-0.5%
    4/23/20251.7%2.0%3.8%
    1/23/2025-0.1%-0.5%-1.4%
    10/24/20240.2%1.3%11.6%
    7/23/2024-1.2%-1.4%-6.7%
    4/23/20242.2%-2.7%-1.0%
    1/24/20240.5%-2.4%-3.2%
    10/24/20232.5%3.8%11.4%
    7/25/20232.3%2.2%-6.5%
    4/25/2023-1.0%0.9%-0.4%
    1/24/2023-2.3%1.3%5.5%
    10/18/20224.8%7.6%3.1%
    7/21/20220.7%5.2%10.0%
    4/21/2022-1.4%-2.0%-0.1%
    1/25/2022-1.8%-3.2%-7.0%
    10/21/20212.9%-0.3%3.0%
    7/22/20211.3%4.7%8.4%
    4/22/20211.8%1.4%4.0%
    1/26/2021-4.0%-4.1%3.7%
    10/23/2020-1.0%-2.8%9.5%
    7/23/2020-0.7%-0.7%-1.3%
    SUMMARY STATS   
    # Positive151113
    # Negative91311
    Median Positive1.8%2.1%4.0%
    Median Negative-1.2%-2.0%-1.3%
    Max Positive4.8%7.6%11.6%
    Max Negative-4.0%-4.1%-7.0%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    03/31/202605/06/202610-Q
    12/31/202502/25/202610-K
    09/30/202511/05/202510-Q
    06/30/202508/06/202510-Q
    03/31/202505/07/202510-Q
    12/31/202402/26/202510-K
    09/30/202411/06/202410-Q
    06/30/202408/07/202410-Q
    03/31/202405/08/202410-Q
    12/31/202302/28/202410-K
    09/30/202311/03/202310-Q
    06/30/202308/03/202310-Q
    03/31/202305/05/202310-Q
    12/31/202202/22/202310-K
    09/30/202211/03/202210-Q
    06/30/202208/04/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    03/31/202605/06/202610-Q
    12/31/202502/25/202610-K
    09/30/202511/05/202510-Q
    06/30/202508/06/202510-Q
    03/31/202505/07/202510-Q
    12/31/202402/26/202510-K
    09/30/202411/06/202410-Q
    06/30/202408/07/202410-Q
    03/31/202405/08/202410-Q
    12/31/202302/28/202410-K
    09/30/202311/03/202310-Q
    06/30/202308/03/202310-Q
    03/31/202305/05/202310-Q
    12/31/202202/22/202310-K
    09/30/202211/03/202210-Q
    06/30/202208/04/202210-Q
    03/31/202205/05/202210-Q
    12/31/202102/24/202210-K
    09/30/202111/04/202110-Q
    06/30/202108/05/202110-Q
    03/31/202105/06/202110-Q
    12/31/202002/24/202110-K
    09/30/202011/05/202010-Q
    06/30/202008/06/202010-Q
    03/31/202005/07/202010-Q
    12/31/201902/27/202010-K
    09/30/201911/06/201910-Q
    06/30/201908/07/201910-Q

    Insider Activity

    Updated 7/21/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Strong-Treister, Diane W DirectBuy7212026134.5511014,801551,251Form
    2Reyes, Javier A DirectBuy7212026134.558311,168318,614Form
    3Hoyer, James A DirectBuy7212026134.559512,78294,454Form
    4Fisher, Robert D DirectBuy7212026134.5515620,9906,392,084Form
    5Legge, Jeffrey DaleEVP, CAO & CIODirectSell5272026125.001,309163,625957,000Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Strong-Treister, Diane W DirectBuy7212026134.5511014,801551,251Form
    2Reyes, Javier A DirectBuy7212026134.558311,168318,614Form
    3Hoyer, James A DirectBuy7212026134.559512,78294,454Form
    4Fisher, Robert D DirectBuy7212026134.5515620,9906,392,084Form
    5Legge, Jeffrey DaleEVP, CAO & CIODirectSell5272026125.001,309163,625957,000Form
    6Bumgarner, David LEVP & Chief Financial OfficerDirectSell5262026124.501,161144,5441,327,935Form
    7Bumgarner, David LEVP & Chief Financial OfficerDirectSell5212026124.50805100,2221,472,480Form
    8Parsons, James M by James M. Parsons IRABuy5132026121.6010012,160340,480Form
    9Bumgarner, David LEVP & Chief Financial OfficerDirectSell5072026125.0040250,2501,579,018Form
    10Hageboeck, Charles RPresident & CEODirectSell4282026125.0037546,8767,024,618Form
    11Strong-Treister, Diane W DirectBuy4202026126.3611915,037503,797Form
    12Reyes, Javier A DirectBuy4202026126.3610313,015288,733Form
    13Hoyer, James A DirectBuy4202026126.3610313,01576,701Form
    14Fisher, Robert D DirectBuy4202026126.3613316,8065,952,937Form
    15Strong-Treister, Diane W DirectBuy3092026115.8812914,949448,571Form
    16Reyes, Javier A DirectBuy3092026115.8810512,167252,850Form
    17Hoyer, James A DirectBuy3092026115.8810612,28358,404Form
    18Fisher, Robert D DirectBuy3092026115.8821324,6825,443,803Form
    19Hageboeck, Charles RPresident & CEODirectSell2232026125.331,275159,7926,151,534Form
    20Hageboeck, Charles RPresident & CEODirectSell11252025120.682,017243,4136,077,350Form
    21Rowe, Sharon H DirectSell11252025122.0060073,2001,306,742Form
    22Strong-Treister, Diane W DirectBuy10172025117.2312815,005407,609Form
    23Reyes, Javier A DirectBuy10172025117.2310512,309212,421Form
    24Fisher, Robert D DirectBuy10172025117.2318321,4535,394,845Form
    25Strong-Treister, Diane W DirectBuy7282025127.0510212,959425,490Form
    26Reyes, Javier A DirectBuy7282025127.059011,434216,874Form
    27Fisher, Robert D DirectBuy7282025127.0511314,3575,796,257Form
    28Quinlan, Michael T JREVP, Retail BankingDirectSell7252025131.121,000131,115239,940Form
    29Legge, Jeffrey DaleEVP, CAO & CIODirectSell7242025131.062,500327,647922,261Form

    Industry Resources

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    Core Cache Last Updated: 7/22/2026