City Holding Company
- Open
- 136.56
- Day high
- 137.13
- Day low
- 134.93
- Prev close
- 137.70
- Volume
- 140K
- Mkt cap
- $1.9B
- P/E (TTM)
- 15.0
- EPS (TTM)
- $9.08
- P/B
- 2.4
- P/S
- 4.8
- Yield
- 2.56%
- Per share
- $3.48
- ▼Insiders net selling -$1.6M over the last 3 months (5 open-market buys, 8 sales)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions mixed (13F)
City Holding Company (CHCO) is a Financial Services company listed on NASDAQ. The stock is up 9% over the past year. Over the trailing 3 months, insiders filed 5 open-market buys and 8 sales (SEC Form 4).
City Holding Company (CHCO) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CHCO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $2.17 | $2.20 | +1.4% | $79M | -0.1% |
| Jan 21, 2026 | $2.29 | $2.18 | -4.8% | $80M | +1.2% |
| Oct 22, 2025 | $2.15 | $2.41 | +12.1% | $79M | -0.9% |
| Jul 22, 2025 | $1.97 | $2.29 | +16.2% | $76M | -5.6% |
| Apr 23, 2025 | $1.84 | $2.06 | +12.0% | $72M | -2.7% |
| Jan 23, 2025 | $1.91 | $1.94 | +1.6% | $70M | -4.3% |
| Oct 24, 2024 | $1.92 | $2.02 | +5.2% | $74M | +0.1% |
| Jul 23, 2024 | $1.91 | $1.96 | +2.6% | $71M | -2.8% |
| Jan 24, 2024 | $1.90 | $1.84 | -3.2% | $67M | -8.4% |
| Jul 25, 2023 | $1.89 | $2.16 | +14.3% | $74M | +1.9% |
| Jan 24, 2023 | $1.87 | $2.05 | +9.6% | $69M | -0.1% |
| Oct 18, 2022 | $1.65 | $1.83 | +10.9% | $66M | +3.3% |
CHCO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 1, 2026 | HAGEBOECK CHARLES Rdirector, officer: President & CEO | Sell | 1,858 | $124.40 |
| May 27, 2026 | LEGGE JEFFREY DALEofficer: EVP, CAO & CIO | Sell | 1,309 | $125.00 |
| May 26, 2026 | BUMGARNER DAVID Lofficer: EVP & Chief Financial Officer | Sell | 1,161 | $124.50 |
| May 21, 2026 | BUMGARNER DAVID Lofficer: EVP & Chief Financial Officer | Sell | 805 | $124.50 |
| May 13, 2026 | Parsons James M.director | Buy | 100 | $121.60 |
| May 7, 2026 | BUMGARNER DAVID Lofficer: EVP & Chief Financial Officer | Sell | 402 | $125.00 |
| Apr 29, 2026 | Quinlan Michael T Jrofficer: EVP, Retail Banking | Sell | 1,210 | $126.09 |
| Apr 29, 2026 | HAGEBOECK CHARLES Rdirector, officer: President & CEO | Sell | 5,855 | $125.30 |
| Apr 28, 2026 | HAGEBOECK CHARLES Rdirector, officer: President & CEO | Sell | 375 | $125.00 |
| Apr 20, 2026 | STRONG-TREISTER DIANE Wdirector | Buy | 119 | $126.36 |
| Apr 20, 2026 | Reyes Javier Adirector | Buy | 103 | $126.36 |
| Apr 20, 2026 | Hoyer James Adirector | Buy | 103 | $126.36 |
| Apr 20, 2026 | FISHER ROBERT Ddirector | Buy | 133 | $126.36 |
| Mar 12, 2026 | STRONG-TREISTER DIANE Wdirector | Buy | 126 | $115.88 |
| Mar 9, 2026 | FISHER ROBERT Ddirector | Buy | 213 | $115.88 |
Source: CHCO SEC Form 4 filings, latest Jun 1, 2026. For informational purposes only — not investment advice.
See the full CHCO insider & 13F page →City Holding Company company profile
Overview
City Holding Company (NASDAQ:CHCO) is a West Virginia-based bank holding company founded in 1957 and headquartered in Charleston. The company operates as the parent organization of City National Bank of West Virginia, providing comprehensive banking and financial services across the Appalachian region. With 94 branches and over 900 employees serving customers in West Virginia, Virginia, Kentucky, and Ohio, City Holding has established itself as a prominent regional banking institution focused on serving small to mid-sized businesses and individual consumers in its geographic footprint.
Business
City Holding Company operates in the regional banking sector, providing traditional banking services through its primary subsidiary, City National Bank of West Virginia. The company functions as a full-service community bank, offering a comprehensive suite of financial products and services designed to meet the needs of both individual consumers and commercial clients in the Appalachian region. The company's core banking operations include deposit-taking activities, where customers can open checking accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. These deposit products serve as the primary funding source for the bank's lending activities and generate fee income through various account services. On the lending side, City Holding provides several categories of loans. Commercial and industrial loans represent a significant portion of the portfolio, targeting small to mid-sized businesses and corporate entities within their market area. Commercial real estate loans include mortgages secured by non-residential properties and multi-family residential buildings. Residential real estate loans serve individual consumers purchasing or refinancing homes, while consumer loans encompass secured and unsecured financing for automobiles, boats, recreational vehicles, and other personal property. Beyond traditional banking, City Holding operates a mortgage banking division that originates fixed and adjustable-rate mortgages, provides construction financing and land loans, and engages in secondary market activities by selling mortgages to government-sponsored enterprises while retaining servicing rights. The company also offers wealth management and trust services, providing investment management, estate planning, retirement plan services, and corporate trust functions for both individual and institutional clients. Additional revenue-generating services include treasury management solutions for commercial customers, merchant credit card processing, and various electronic banking services such as mobile banking, ATM networks, and interactive teller machines. While specific revenue breakdowns by segment are not provided, traditional banking activities (net interest income from loans and deposits) typically represent the largest revenue component for regional banks, followed by fee-based services and wealth management operations.
Revenue model
City Holding generates revenue through multiple streams typical of regional banking institutions. The primary revenue source is net interest income, which represents the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This spread-based model means the company profits by lending money at higher rates than it pays to depositors. The bank's loan portfolio, consisting of commercial and industrial loans, commercial real estate, residential mortgages, and consumer loans, generates interest income that varies with market interest rates and credit quality. Deposit accounts, including checking, savings, and certificates of deposit, represent the primary funding source, with the bank paying interest to depositors at rates typically lower than what it charges borrowers. Fee-based income provides the secondary revenue stream through various services. Mortgage banking operations generate fees from loan origination, servicing income from mortgages sold in the secondary market, and gains from mortgage sales. Wealth management and trust services produce recurring fee income based on assets under management and administration. Additional fees come from deposit account services, treasury management solutions for commercial clients, merchant credit card processing, and electronic banking services. Several factors influence the company's profitability margins. Interest rate environment significantly impacts net interest margins - rising rates can improve margins if loan repricing occurs faster than deposit repricing, while falling rates may compress margins. Credit quality affects profitability through loan loss provisions, with economic downturns in the Appalachian region potentially increasing defaults. Competition from larger national banks and fintech companies can pressure both loan pricing and deposit rates. Regulatory compliance costs represent ongoing operational expenses that can impact margins. Economic conditions in West Virginia, Virginia, Kentucky, and Ohio directly affect loan demand and credit quality, given the region's dependence on energy, manufacturing, and agriculture sectors.
Competitive moat
City Holding Company operates with a moderate competitive moat primarily derived from its established regional presence and customer relationships, though this moat faces ongoing pressure from industry consolidation and technological disruption. The company's primary competitive advantage stems from its local market knowledge and community banking relationships built over decades of serving the Appalachian region. This geographic focus allows for personalized service and decision-making that larger national banks often cannot match, particularly valuable for small to mid-sized business lending where relationship banking remains important. The bank's branch network across 94 locations provides convenient access for customers who prefer in-person banking services, creating some switching costs and customer loyalty. However, this advantage is diminishing as digital banking adoption increases and branch visits decline industry-wide. The company's wealth management and trust services create additional customer stickiness, as these relationships tend to be longer-term and more complex to transfer to competitors. The competitive moat faces significant challenges from multiple directions. Larger regional and national banks possess greater resources for technology investment, can offer more competitive pricing due to economies of scale, and have broader product offerings. Fintech companies are disrupting traditional banking services with digital-first solutions, particularly in payments, lending, and wealth management. Credit unions in the region may offer competitive rates and community focus without the profit motive. The company's geographic concentration in the Appalachian region, while providing local expertise, also creates vulnerability to regional economic downturns and limits diversification opportunities. Overall, City Holding's moat is modest and primarily defensive, relying on customer relationships and local market presence rather than unique products or significant cost advantages. The company must continue investing in technology and service quality to maintain its competitive position against both traditional and emerging competitors.
Risks & safety
City Holding demonstrates solid financial stability with moderate margin of safety characteristics typical of well-managed regional banks. • Liquidity position: Strong cash position of $385 million as of Q1 2025, representing adequate liquidity buffers for operations and regulatory requirements • Capital adequacy: Debt-to-equity ratio of 0.66 indicates reasonable leverage levels for a banking institution, though higher than some peers • Profitability metrics: Consistent profitability with net income of $117 million in 2024, demonstrating stable earnings generation • Valuation metrics: Trading at P/E ratio of 14.1x, suggesting reasonable valuation relative to earnings, though P/B ratio of 2.3x indicates premium to book value typical of profitable banks • Cash generation: Strong operating cash flow of $132 million in 2024 and positive free cash flow of $129 million, indicating healthy cash generation capabilities • Return metrics: Return on equity of 16% in 2024 demonstrates efficient capital utilization, though this declined to 4% in Q1 2025 • Asset quality considerations: As a regional bank, credit risk exposure to local economic conditions presents ongoing monitoring requirements, though specific loan loss provisions and non-performing asset ratios would require additional analysis for complete assessment
Recent development
Based on the available financial data, City Holding Company has maintained relatively stable operations over the past few years, though specific strategic initiatives are not detailed in the provided information. The company's revenue has remained consistent, with 2024 full-year revenue of $285 million compared to $287 million in 2023, indicating stable business performance despite challenging interest rate environments. The bank has maintained strong profitability metrics, with net income of $117 million in 2024 compared to $114 million in 2023, demonstrating resilience in earnings generation. The company's return on equity peaked at nearly 17% in both 2022 and 2023, though this moderated to 16% in 2024, still representing strong shareholder returns for a regional banking institution. Total assets have grown from $5.9 billion in 2022 to $6.5 billion in 2024, indicating measured balance sheet expansion. The company has maintained consistent cash flow generation, with operating cash flows exceeding $130 million annually in recent years, providing flexibility for capital allocation and growth investments. Without detailed earnings call transcripts, specific strategic initiatives, technology investments, or market expansion plans are not available in the provided data. However, the financial stability and consistent performance suggest the company has been executing a steady-state strategy focused on maintaining market position and profitability in its core Appalachian markets.
CHCO company profile · for informational purposes only — not investment advice.
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