City

CHCO · Nasdaq · Financials · Financials, fiscal 2016 to 2025

CHCO · Last close · November 6, 2026

$141.49

City's revenue rose 7.0% to $314 million in fiscal 2025. Net income was $130 million, up 11.4%. Its return on equity was 16.9%, up from 16.6% a year earlier. Its efficiency ratio was 49.0%, down from 50.1% a year earlier. It paid out $93 million in dividends and buybacks. The diluted share count fell 1.5%.

CITY HOLDING COMPANY Latest fiscal year ended December 31, 2025 10-K filed February 25, 2026 · 0000726854-26-000062 Updated November 4, 2026

Revenue

$314M

7.0%

Net income

$130M

11.4%

Return on equity

16.9%

0.3 pts

Return on tangible equity

20.9%

0.1 pts

Efficiency ratio

49.0%

1.1 pts

Market cap

$2.0B

Nov 6 close

P/E

15.4x

On $9.16 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

What City does

City Holding is a financial holding company based in Charleston, West Virginia. It runs one bank, City National Bank of West Virginia, with 96 branches in West Virginia, Kentucky, Virginia and southeastern Ohio. The company reports one segment, community banking.

The bank sells four kinds of services. Commercial banking covers business loans, commercial real estate loans, construction loans and cash management. Consumer banking covers checking, savings and money market accounts, certificates of deposit, retirement accounts, and installment and real estate loans. Mortgage banking covers fixed and adjustable-rate home loans and construction financing. Wealth and investment management covers trusts, estates, investment accounts and retirement plan services.

Like most banks, it earns money mainly from the interest on its loans and securities, less what it pays on deposits, and from fees for its services. It offers credit cards and merchant card services through agreements with outside vendors. It says its customer base is diverse. The bank has 934 full-time equivalent employees.

Its biggest risks, as it describes them

Weak local economies and falling real estate values that leave loans under-collateralized.
Borrowers failing to repay loans, and an allowance for credit losses that may prove too small.
Changes in interest rates that affect its earnings.
Competition from other banks and from nonbank alternatives for customers.
Heavy regulation, which also limits the dividends it can pay.

From City's annual report on Form 10-K, filed February 25, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 11.1% a year and net income 10.7% a year, as buybacks cut the share count by 3%.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	3,526	3,629	4,103	—	—
Deposits	4,925	4,870	4,934	5,144	5,301
Loans to deposits	71.6%	74.5%	83.2%	—	—
Provision for credit losses	−3	0	3	2	−1
Provision to average loans	−0.1%	0.0%	0.1%	—	—
Total assets	6,004	5,878	6,168	6,460	6,722
Shareholders' equity	681	578	677	731	810

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project City's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open City's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, 5 insiders bought $180,840 of City shares on the open market, and 5 insiders sold $2.9 million.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Nov 4, 2026	Jeffrey Dale LeggeEVP, CAO & CIO	Sold	512	$145.30	$74,394	Form 4
Aug 26, 2026	Sharon H RoweDirector	Sold	400	$143.96	$57,584	Form 4
Jul 30, 2026	Charles R HageboeckPresident & CEO, Director	Sold	4,485	$144.96	$650,146	Form 4
Jul 21, 2026	Robert D FisherDirector	Bought plan	156	$134.55	$20,990	Form 4
Jul 21, 2026	Diane W Strong-TreisterDirector	Bought plan	110	$134.55	$14,801	Form 4
Jul 21, 2026	James A HoyerDirector	Bought plan	95	$134.55	$12,782	Form 4
Jul 21, 2026	Javier A ReyesDirector	Bought plan	83	$134.55	$11,168	Form 4
May 29, 2026	Charles R HageboeckPresident & CEO, Director	Sold	1,858	$124.40	$231,135	Form 4
May 26, 2026	Jeffrey Dale LeggeEVP, CAO & CIO	Sold	1,309	$125.00	$163,625	Form 4
May 22, 2026	David L BumgarnerEVP & Chief Financial Officer	Sold	1,161	$124.50	$144,544	Form 4
May 20, 2026	David L BumgarnerEVP & Chief Financial Officer	Sold	805	$124.50	$100,222	Form 4
May 12, 2026	James M. ParsonsDirector	Bought	100	$121.60	$12,160	Form 4

The latest 12 of 26 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put City side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
City	FY25	7.0%	41.5%	16.9%	20.9%	49.0%
Eagle Bancorp	FY25	−3.1%	−46.1%	−11.7%	−11.7%	67.1%	Compare
Hanmi Financial	FY25	15.3%	28.2%	10.0%	10.0%	54.7%	Compare
Lakeland Financial	FY25	6.1%	38.4%	14.3%	14.4%	48.9%	Compare
Westamerica Bank	FY25	−12.2%	45.0%	12.7%	14.7%	39.5%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	178	190	199	230	237	225	252	290	294	314
Revenue growth	−2.6%	6.7%	4.8%	15.6%	3.2%	−5.1%	11.9%	15.0%	1.3%	7.0%
Net interest income	119	126	138	161	155	156	180	219	220	236
Noninterest income	59	64	61	68	83	70	72	71	73	78
Noninterest expense	96	96	113	118	115	117	124	144	147	154
Provision for credit losses	4	3	−2	−1	11	−3	0	3	2	−1
Net income	52	54	70	89	90	88	102	114	117	130
Diluted EPS (US$)	3.45	3.48	4.49	5.42	5.55	5.66	6.80	7.61	7.89	8.93
Diluted shares (millions)	15	15	15	16	16	15	15	15	15	14
Payouts
Dividends paid	26	27	30	36	37	36	37	40	44	47
Share buybacks	10	0	20	19	36	59	26	60	18	46
Balance sheet at fiscal year end
Loans, net	3,026	3,109	3,572	3,604	3,598	3,526	3,629	4,103	—	—
Deposits	3,232	3,316	3,976	4,076	4,652	4,925	4,870	4,934	5,144	5,301
Total assets	3,984	4,132	4,899	5,019	5,759	6,004	5,878	6,168	6,460	6,722
Shareholders' equity	442	502	601	658	701	681	578	677	731	810
Ratios
Return on equity	12.1%	11.5%	12.7%	14.2%	13.2%	12.7%	16.2%	18.2%	16.6%	16.9%
Return on tangible common equity	14.5%	13.6%	15.1%	17.0%	15.6%	15.0%	19.4%	22.8%	20.9%	20.9%
Return on assets	1.4%	1.3%	1.6%	1.8%	1.7%	1.5%	1.7%	1.9%	1.9%	2.0%
Efficiency ratio	54.1%	50.6%	56.9%	51.2%	48.6%	52.0%	49.3%	49.5%	50.1%	49.0%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: City's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with City.