City Holding: Q2 Earnings Snapshot
By AP News
Published - Jul 25, 2023, 08:42 AM ET
Last Updated - Jul 25, 2023, 08:42 AM EDT
CHARLESTON, W.Va. (AP) — CHARLESTON, W.Va. (AP) — City Holding Co. (CHCO) on Tuesday reported second-quarter net income of $32.7 million.
The bank, based in Charleston, West Virginia, said it had earnings of $2.16 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The bank holding company for City National Bank of West Virginia posted revenue of $88 million in the period. Its revenue net of interest expense was $76.1 million, also beating Street forecasts.
