City Holding (CHCO)

City Holding Company is a multi-bank holding company. The Banks provide diversified financial products and services to consumers and local businesses in West Virginia, Ohio, and California. City Holding provides credit, deposit, investment advisory, securities brokerage, insurance, and technology products and services.

Company profile

Ticker

CHCO

Exchange

NASDAQ

Website

www.cityholding.com

CEO

Charles R. Hageboeck

Incorporated

West Virginia

Location

West Virginia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

Citigroup • Wells Fargo & Co. • JPMorgan Chase & Co. • U.S. Bancorp. • PNC Financial Services • Capital One Financial • Shinhan Financial • HSBC USA • Regions Financial • Keycorp ...

SEC CIK

0000726854

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

City Financial Corporation • City Mortgage Corporation • City Capital Management Company ...

IRS number

550619957

CHCO stock data

1M 1Y 5Y

News

From Benzinga Pro

Recap: City Holding Q2 Earnings

21 Jul 22

City Holding (NASDAQ:CHCO) reported its Q2 earnings results on Thursday, July 21, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

City Holding Q2 EPS $1.51 Up From $1.41 YoY

21 Jul 22

City Holding (NASDAQ:CHCO) reported quarterly earnings of $1.51 per share. This is a 7.09 percent increase over earnings of $1.41 per share from the same period last year.

Press releases

From Benzinga Pro

City Holding Company Announces Second Quarter Results

21 Jul 22

City Holding Company ("Company" or "City") (NASDAQ:CHCO), a $6.2 billion bank holding company headquartered in Charleston, West Virginia, today announced quarterly net income of $22.7 million and diluted earnings of

City Holding Company Announces Approval of Stock Repurchase Plan

25 May 22

City Holding Company, "the Company" (NASDAQ:CHCO), a $6.0 billion bank holding company headquartered in Charleston, today announced that the board authorized the Company to buy back up to 1,000,000 of its common shares

Investment data

Data from SEC filings

Top 50 of 444 long holdings End of quarter 30 Jun 22	Value	#Shares	Prev Q	Change %, QoQ
CHCO City HLDG Co Com	$22.76M	284.92K	294.38K	-3.2
AAPL Apple Inc Com	$22.47M	164.38K	166.99K	-1.6
GOOG Alphabet Inc Cap STK CL C	$17.72M	8.13K	8.26K	-1.5
MSFT Microsoft Corp Com	$15.21M	59.24K	59.83K	-1.0
Innovator Etfs TR Ibd 50 Etf	$15.02M	516.73K		NEW
I Shares Select Dividend Index (ETF-EQUITY)	$13.63M	71.14K		NEW
Ishares Barclays Tip Bond Fund (ETF-FIXED INC)	$12.55M	110.96K		NEW
LLY Lilly Eli & Co Com	$12.26M	37.82K	39.75K	-4.9
Ishares TR Index Rusl 2000 Valu (ETF-SMALL CAP)	$10.91M	88.8K		NEW
LOW Lowes Cos Inc Com	$10.48M	60.02K	59.89K	+0.2
Ishares TR Russell MCP VL (ETF MID-CAP)	$10.04M	109.48K		NEW
PG Procter & Gamble Co Com	$9.84M	68.45K	67.64K	+1.2
STT Select Sector SPDR TR Sbi Materials	$9.84M	159.86K		NEW
AMZN Amazon Com Inc Com	$9.64M	90.79K	4.43K	+1949.4
Ishares TR China Lg-cap Etf (ETF-INTERNATIONAL)	$9.6M	202.4K		NEW
DE Deere & Co Com	$8.05M	26.89K	27.03K	-0.5
WMT Wal Mart Stores Inc Com	$7.8M	64.13K	64.14K	-0.0
MCD Mcdonalds Corp Com	$7.35M	29.77K	29K	+2.7
MA Mastercard Inc CL a	$6.89M	21.85K	21.6K	+1.2
WM Waste MGMT Inc Del Com	$6.58M	43K	43.24K	-0.6
VZ Verizon Communications Com	$6.31M	124.41K	123.44K	+0.8
KO Coca Cola Co Com	$6.28M	99.9K	99.91K	-0.0
HD Home Depot Inc Com	$6.26M	22.82K	22.06K	+3.4
ADP Automatic Data Processing Incom	$5.9M	28.1K	29.08K	-3.4
JNJ Johnson & Johnson Com	$5.82M	32.8K	33.54K	-2.2
V Visa Inc Com CL a	$5.75M	29.18K	29.67K	-1.7
DIS Disney Walt Co Com Disney	$5.59M	59.17K	58.58K	+1.0
PEP Pepsico Inc Com	$5.57M	33.42K	33.21K	+0.6
XOM Exxon Mobil Corp Com	$5.44M	63.54K	64.01K	-0.7
CVX Chevron Corporation	$5.41M	37.35K	36.76K	+1.6
META Meta Platforms Inc (FB)	$5.4M	33.51K	31.23K	+7.3
ABT Abbott Labs Com	$5.19M	47.77K	48.02K	-0.5
ACN Accenture PLC Ireland SHS Class a	$5.06M	18.23K	18.58K	-1.9
JPM J P Morgan Chase & Co Com	$4.86M	43.18K	43.33K	-0.3
DG Dollar Gen Corp New Com	$4.79M	19.52K	19.47K	+0.2
Vanguard Mid-cap Value	$4.56M	25.89K		NEW
UPS United Parcel Service Inc CL B	$4.45M	24.37K	24.49K	-0.5
IBB I Shares 0-5YR High Yield Corp BD	$4.34M	107.05K		NEW
CAT Caterpillar Inc Del Com	$4.32M	24.17K	24.27K	-0.4
ABBV Abbvie Inc Com	$4.27M	27.87K	26.02K	+7.1
NEE Nextera Energy Inc Com	$4.06M	52.45K	53.36K	-1.7
UNH Unitedhealth Group Inc Com	$4.03M	7.84K	7.07K	+10.8
MCHP Microchip Technology Inc Com	$3.93M	67.67K	74.73K	-9.4
SO Southern Co Com	$3.91M	54.82K	53.18K	+3.1
BRK.A Berkshire Hathaway Inc Del CL a	$3.81M	12.46K	12.57K	-0.8
CMI Cummins Inc Com	$3.67M	18.98K	18.32K	+3.6
IBB Etf Ishares JPM Usd Em	$3.66M	83.54K		NEW
MDT Medtronic PLC SHS	$3.15M	35.06K	36.52K	-4.0
First Trust Securities and Income Etf	$3.12M	181.39K		NEW
AMGN Amgen Inc Com	$3.07M	12.64K	13.08K	-3.4

City Holding holdings history Holdings history

Holdings list only includes long positions. Only includes long positions.

Calendar

4 Aug 22

11 Aug 22

31 Dec 22

Financial summary

Financial statements Chart CHCO financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

CHCO insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
29 Jul 22	David L Bumgarner	Common Stock	Sell	Dispose S	No	No	86.52	175	15.14K	9,572
29 Jul 22	David L Bumgarner	Common Stock	Sell	Dispose S	No	No	86.55	200	17.31K	9,747
18 Jul 22	Hylton Tracy W Ii	Common Stock	Buy	Acquire P	No	Yes	80.45	151	12.15K	57,218.986
18 Jul 22	Fisher Robert D	Common Stock	Buy	Acquire P	No	Yes	80.45	194	15.61K	40,104.667
16 Jun 22	Charles R Hageboeck	Common Stock	Option exercise	Acquire M	No	No	43.73	3,484	152.36K	57,593
16 Jun 22	Charles R Hageboeck	Stock Option to Buy Common Stock	Option exercise	Dispose M	No	No	43.73	3,484	152.36K	0
24 May 22	Charles R Hageboeck	Common Stock	Sell	Dispose S	No	No	80.0814	5,050	404.41K	54,109

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CHCO institutional ownership history Ownership history

66.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	173	172	+0.6%
Opened positions	17	29	-41.4%
Closed positions	16	15	+6.7%
Increased positions	56	37	+51.4%
Reduced positions	55	65	-15.4%

13F shares	Current	Prev Q	Change
Total value	772.08M	1.8B	-57.2%
Total shares	9.81M	9.66M	+1.6%
Total puts	3.6K	4K	-10.0%
Total calls	5.1K	3.1K	+64.5%
Total put/call ratio	0.7	1.3	-45.3%

Largest owners	Shares	Value	Change
BLK Blackrock	2.22M	$175.07M	-0.4%
Vanguard	1.66M	$130.57M	+0.8%
STT State Street	669.11K	$52.66M	+6.7%
MCQEF Macquarie	592.77K	$46.65M	+3.2%
Dimensional Fund Advisors	515.91K	$40.6M	+1.0%
JPM JPMorgan Chase & Co.	387.94K	$30.53M	-1.5%
Charles Schwab Investment Management	311.05K	$24.48M	+6.3%
CHCO City Holding	294.38K	$23.17M	+1.0%
NTRS Northern Trust	289.75K	$22.8M	-3.4%
Geode Capital Management	278.84K	$21.94M	+3.1%

Largest transactions	Shares	Bought/sold	Change
Millennium Management	152.31K	+123.6K	+430.5%
Norges Bank	0	-117.31K	EXIT
STT State Street	669.11K	+42.2K	+6.7%
Bridgeway Capital Management	66.4K	+39.5K	+146.8%
Charles Schwab Investment Management	311.05K	+18.47K	+6.3%
MCQEF Macquarie	592.77K	+18.28K	+3.2%
HBCYF HSBC	60.91K	+17.06K	+38.9%
TD Asset Management	66.4K	+16.7K	+33.6%
Alpha DNA Investment Management	15.68K	+15.68K	NEW
Vanguard	1.66M	+13.02K	+0.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

Economic Conditions in the Company's Market Areas Could Negatively Impact the Company's Business and Financial Condition.
The Value of Real Estate Collateral May Fluctuate Significantly Resulting in an Under-Collateralized Loan Portfolio.
The Company Is Subject to Lending Risk, and the Impacts of Interest Rate Changes Could Adversely Impact the Company.
Default on the Repayment of Loans May Impact Operating Expenses and Earnings.
Remediation Costs for Real Property Could Impact the Financial Outcomes of the Company.
Changes to Interest Rates Could Impact the Financial Outcomes of the Company.
The Company’s Allowance for Credit Losses May Not be Sufficient.
The Value of the Company’s Common Stock Fluctuates.
The Trading Volume in the Company’s Common Stock Is Less Than That of Other Larger Financial Services Companies.
Future Sales of Shares of the Company’s Common Stock Could Negatively Affect its Market Price.
Shares of the Company’s Common Stock Are Not FDIC Insured.
Due to Increased Competition, the Company May Not be Able to Attract and Retain Banking Customers.
New Lines of Business or New Products and Services May Subject the Company to Additional Risks.
The Company Faces Technological Change and the Emergence of Nonbank Alternatives to the Financial System.
The Value of the Company's Investments Could Decline.
The Company May Be Required to Write Down Goodwill and Other Intangible Assets, Causing Its Financial Condition and Results to Be Negatively Affected.
The Company May Require Additional Capital in the Future, But That Capital May Not Be Available or May Be Dilutive.
Acquisition and Other Growth Opportunities May Present Challenges.
The Company Depends on the Accuracy and Completeness of Information About Our Customers and Counterparties.
The Company May Be Required to Repurchase Mortgage Loans or Indemnify Mortgage Loan Purchasers.
The Company's Risk Management Practices May Prove to be Inadequate or Not Fully Effective.
Certain Banking Laws May Have an Anti–Takeover Effect.
The Company’s Ability to Pay Dividends Is Limited.
The Company and City National Are Extensively Regulated.
The Company’s Controls and Procedures May Fail or Be Circumvented.
Significant Legal Actions Could Result in Substantial Liabilities.
The Company Faces Reputational Risk.
The Company Is Subject to Possible Claims and Litigation Relating to Fiduciary Activities.
Changes in Tax Law and Accounting Standards Could Materially Affect the Company's Operations.
System Failure, Cybersecurity Breaches, Fraud and Employee Misconduct Could Subject the Company to Increased Operating Costs, as Well as Litigation and Other Potential Losses.
The Company Relies Heavily on Its Management Team, and the Unexpected Loss of Key Management May Adversely Affect Its Operations.
Severe Weather, Natural Disasters, Acts of War or Terrorism, and Other External Events Could Significantly Impact the Company's Business.

Management Discussion

*ROA (Return on Average Assets) is a measure of the effectiveness of asset utilization. ROE (Return on Average Equity) is a measure of the return on shareholders' investment. ROATCE (Return on Average Tangible Common Equity) is a measure of the return on shareholders' equity, less intangible assets.
The Company's net interest income for the six months ended June 30, 2022 increased $3.8 million compared to the six months ended June 30, 2021 (see Net Interest Income). The Company recorded a recovery of credit losses of $0.8 million for the six months ended June 30, 2022 compared to a recovery of credit losses of $2.4 million for the six months ended June 30, 2021 (see Allowance for Credit Losses). As further discussed under the caption Non-Interest Income and Non-Interest Expense, non-interest income increased $1.2 million and non-interest expense increased $0.8 million for the six months ended June 30, 2022 from the six months ended June 30, 2021.
Three months ended June 30, 2022 vs. 2021