City Holding Company (CHCO) investor relations material

Executive summary

• Net income available to common shareholders was $65.0 million for the six months ended June 30, 2026, up from $63.7 million year-over-year; quarterly net income was $33.3 million, nearly flat from $33.4 million in Q2 2025.

• Basic and diluted EPS for the six months were $4.55, up from $4.35 year-over-year; quarterly EPS was $2.35, up from $2.29 in Q2 2025.

• Return on average assets (ROA) was 1.95% for the six months and 1.98% for the quarter; return on average equity (ROE) was 16.1% for the six months and 16.6% for the quarter.

• Net interest income rose to $120.4 million for the six months and $60.8 million for the quarter, driven by higher loan yields and deposit balances.

• Non-interest income for the six months was $40.8 million, up from $38.6 million; Q2 non-interest income increased 6.2% year-over-year to $20.8 million, with gains in wealth management and service charges.

Financial highlights

• Net interest margin held steady at 3.97% quarter-over-quarter.

• Efficiency ratio for the six months was 48.6%, slightly improved from 49.4% year-over-year; Q2 ratio improved to 48.1%.

• Book value per share at quarter-end was $57.57, up from $52.72 a year ago; tangible book value per share increased to $46.40.

• Total assets at June 30, 2026 were $6.77 billion, up from $6.72 billion at year-end 2025.

• Total deposits increased to $5.34 billion from $5.30 billion at year-end 2025.

Outlook and guidance

• Management expects continued strong liquidity and capital positions, with sufficient cash and borrowing capacity to meet obligations and support dividends.

• No changes to qualitative risk factors in the allowance for credit losses forecast; unemployment rate assumptions remain at 4.2% to 4.6% for the next two years.

• Management highlighted forward-looking risks including economic conditions, credit quality, interest rates, and regulatory changes.

• No specific quantitative guidance provided, but ongoing evaluation of subsequent events may impact reported results.