City Holding reported second-quarter 2026 net income of $33.3 million and diluted earnings per share of $2.35, with return on assets of 1.98% and return on tangible equity of 20.7%. Net interest income (taxable-equivalent) for the quarter was $61.0 million and total non-interest income was $20.8 million. The company recorded a provision for credit losses of $0.4 million in Q2 2026 and declared a quarterly cash dividend of $0.87 per share.
Financial Highlights
- Net income (quarter ended June 30, 2026): $33.3 million.
- Diluted earnings per share (Q2 2026): $2.35.
- Net interest income, fully taxable equivalent (Q2 2026): $61.034 million.
- Total non-interest income (Q2 2026): $20.764 million.
- Provision for credit losses (Q2 2026): $0.436 million; effective income tax rate for Q2 2026: 19.4%.
Business Highlights
- Loan portfolio grew modestly during the quarter to $4.502 billion at June 30, 2026, including increases in commercial and industrial loans and home equity loans.
- Average total depository balances increased $59.5 million (1.1%) quarter-over-quarter, driven by growth in noninterest-bearing demand and savings deposit balances.
- Period-end branch network and staffing: City National operates 95 branches across West Virginia, Kentucky, Virginia and Ohio, with 924 full-time equivalents at June 30, 2026.
- Liquidity and funding: City National had approximately $1.8 billion capacity available under Federal Reserve and FHLB borrowing facilities and had $791 million of unpledged investment securities at June 30, 2026.
- Capital actions: Board approved quarterly cash dividend of $0.87 per share payable July 31, 2026; repurchased 59,156 common shares in Q2 2026 under a 2026 share repurchase program.
Original SEC Filing:
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