City Holding Company (CHCO)

City Holding Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	237.57	212.69	146.54	136.68	150.5	170.01
Interest Income on Investments	61.9	58.57	43.15	28.79	27.76	27.69
Total Interest Income	299.47	271.26	189.69	165.47	178.26	197.7
Interest Paid on Deposits	59.55	37.29	7.44	9.41	22.52	32.67
Interest Paid on Borrowings	20.61	14.74	2.21	0.49	1.09	3.67
Total Interest Expense	80.15	52.02	9.66	9.89	23.62	36.34
Net Interest Income	219.32	219.24	180.03	155.57	154.64	161.36
Net Interest Income Growth (YoY)	1.25%	21.78%	15.72%	0.60%	-4.16%	16.75%
Trust Income	10.87	9.56	8.8	8.42	7.74	7.16
Gain (Loss) on Sale of Investments	-4.03	-4.48	-1.58	0.82	17.04	0.96
Other Non-Interest Income	64.61	65.54	64.86	60.41	57.91	60.37
Total Non-Interest Income	71.44	70.63	72.08	69.64	82.68	68.49
Non-Interest Income Growth (YoY)	-4.65%	-2.01%	3.50%	-15.77%	20.72%	13.09%
Revenues Before Loan Losses	290.77	289.87	252.11	225.21	237.32	229.85
Provision for Loan Losses	1.22	3.24	0.47	-3.17	10.72	-1.25
Revenue	289.55	286.63	251.64	228.38	226.6	231.1
Revenue Growth (YoY)	0.71%	13.91%	10.18%	0.78%	-1.95%	14.93%
Salaries and Employee Benefits	71.04	68.87	62.58	57.83	58.12	58.97
Federal Deposit Insurance	3.03	2.92	1.67	1.58	0.88	0.64
Selling, General & Administrative	40.74	39.27	38.79	36.69	34.83	34.87
Other Non-Interest Expense	30.89	27.28	20.94	21.14	21.22	21.7
Total Non-Interest Expense	145.92	138.37	124.03	117.19	115.29	116.82
EBT Excluding Unusual Items	143.63	148.26	127.6	111.19	111.31	114.28
Pretax Income	144.13	143.11	127.33	111.19	111.31	113.49
Income Tax Expense	28.23	28.74	25.26	23.11	21.72	24.14
Net Income	115.9	114.37	102.07	88.08	89.6	89.35
Preferred Dividends & Other Adjustments	1.05	1.04	0.96	0.84	0.89	0.81
Net Income to Common	114.85	113.33	101.11	87.24	88.71	88.55
Net Income Growth	-1.43%	12.04%	15.88%	-1.69%	0.27%	27.64%
Basic Shares Outstanding	15	15	15	15	16	16
Diluted Shares Outstanding	15	15	15	15	16	16
Shares Change (YoY)	-1.11%	0.12%	-3.47%	-3.68%	-2.07%	5.79%
EPS (Basic)	7.81	7.62	6.81	5.67	5.55	5.43
EPS (Diluted)	7.80	7.61	6.80	5.66	5.55	5.42
EPS Growth	-0.29%	11.91%	20.14%	1.98%	2.40%	20.71%
Dividend Per Share	2.930	2.730	2.500	2.340	2.290	2.200
Dividend Growth	9.74%	9.20%	6.84%	2.18%	4.09%	11.11%
Effective Tax Rate	19.59%	20.08%	19.84%	20.79%	19.51%	21.27%

Source: S&P Capital IQ. Banks template. Financial Sources.