CHCO

MKT CAP:$2B

City Holding Company

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$126.65+$6.76 (+5.64%)

Apr 23, 2026

Company Details

City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company offers checking, savi...

CEO

Charles R. Hageboeck

IPO Date

Jun 26, 1987

Website

www.bankatcity.com

Key Metrics TTM

Revenue

$298M

-20.7% YoY

Net Income

$100M

EPS (Diluted)

$9.08

Free Cash Flow

$128M

Revenue / Share

$20.89

Gross Margin

79.6%

Operating Margin

42.1%

Net Margin

33.6%

FCF Margin

43.1%

P/S

6.0x

P/E

17.8x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$0-100.0%EPS $2.20

FY 2025

Feb 25, 2026

$392M+5.6%EPS $8.94

Q4 2025

Feb 25, 2026

$101M+8.4%EPS $2.18

Q3 2025

Nov 5, 2025

$100M+4.1%EPS $2.41

Q2 2025

Aug 6, 2025

$97M+4.8%EPS $2.29

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$59M	$57M	$28M
Q3 22	$68M	$65M	$35M
Q4 22	$74M	$69M	$37M
Q1 23	$79M	$68M	$31M
Q2 23	$86M	$74M	$41M
Q3 23	$85M	$71M	$38M
Q4 23	$84M	$67M	$34M
Q1 24	$89M	$70M	$37M
Q2 24	$93M	$71M	$36M
Q3 24	$96M	$72M	$37M
Q4 24	$93M	$70M	$34M
Q1 25	$94M	$72M	$37M
Q2 25	$97M	$78M	$41M
Q3 25	$100M	$80M	$44M
Q4 25	$101M	$80M	$41M
Q1 26	$0	$0	$0

Valuation

Quarter	P/S	P/E
Q2 22	5.2x	13.2x
Q3 22	5.5x	14.0x
Q4 22	5.3x	13.3x
Q1 23	4.8x	12.8x
Q2 23	4.5x	11.9x
Q3 23	4.1x	11.4x
Q4 23	4.8x	13.9x
Q1 24	4.4x	12.8x
Q2 24	4.5x	13.5x
Q3 24	4.8x	14.9x
Q4 24	4.8x	15.1x
Q1 25	4.6x	14.6x
Q2 25	4.7x	14.6x
Q3 25	4.7x	14.1x
Q4 25	4.5x	13.7x
Q1 26	5.8x	17.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$28M	$28M
Q2 22	$17M	$16M
Q3 22	$36M	$36M
Q4 22	$34M	$34M
Q1 23	$40M	$39M
Q2 23	$27M	$26M
Q3 23	$37M	$36M
Q4 23	$34M	$33M
Q1 24	$32M	$32M
Q2 24	$28M	$28M
Q3 24	$38M	$37M
Q4 24	$34M	$33M
Q1 25	$32M	$31M
Q2 25	$28M	$28M
Q3 25	$37M	$36M
Q4 25	$34M	$34M

Capital Expenditures

Quarter	CapEx
Q1 22	$401.0K
Q2 22	$649.0K
Q3 22	$627.0K
Q4 22	$464.0K
Q1 23	$616.0K
Q2 23	$1M
Q3 23	$665.0K
Q4 23	$570.0K
Q1 24	$596.0K
Q2 24	$506.0K
Q3 24	$648.0K
Q4 24	$956.0K
Q1 25	$253.0K
Q2 25	$388.0K
Q3 25	$2M
Q4 25	$743.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+4.8%	+7.3%
Q3 22	+16.7%	+13.4%
Q4 22	+26.1%	+25.6%
Q1 23	+42.2%	+67.2%
Q2 23	+46.3%	+49.6%
Q3 23	+26.2%	+44.8%
Q4 23	+14.1%	+38.0%
Q1 24	+13.4%	+9.4%
Q2 24	+7.4%	+23.5%
Q3 24	+12.6%	+24.0%
Q4 24	+10.8%	+17.5%
Q1 25	+5.3%	+8.5%
Q2 25	+4.8%	-0.8%
Q3 25	+4.1%	-4.8%
Q4 25	+8.4%	+2.8%
Q1 26	-100.0%	-100.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$971.0K	1.8%
Q2 22	$687.0K	1.2%
Q3 22	$754.0K	1.1%
Q4 22	$864.0K	1.2%
Q1 23	$1M	1.4%
Q2 23	$633.0K	0.7%
Q3 23	$681.0K	0.8%
Q4 23	$806.0K	1.0%
Q1 24	$1M	1.2%
Q2 24	$707.0K	0.8%
Q3 24	$876.0K	0.9%
Q4 24	$839.0K	0.9%
Q1 25	$719.0K	0.8%
Q2 25	$786.0K	0.8%
Q3 25	$908.0K	0.9%
Q4 25	$971.0K	1.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$17M	$951.0K
Q3 22	$18M	$854.0K
Q4 22	$18M	$802.0K
Q1 23	$18M	$760.0K
Q2 23	$19M	$974.0K
Q3 23	$19M	$790.0K
Q4 23	$20M	$588.0K
Q1 24	$20M	$867.0K
Q2 24	$19M	$972.0K
Q3 24	$20M	$1M
Q4 24	$20M	$901.0K
Q1 25	$20M	$873.0K
Q2 25	$21M	$964.0K
Q3 25	$21M	$668.0K
Q4 25	$20M	$577.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$697M	$1.5B	$2.2B
Q3 22	$298M	$1.5B	$1.8B
Q4 22	$200M	$1.5B	$1.7B
Q1 23	$303M	$1.5B	$1.8B
Q2 23	$231M	$1.4B	$1.7B
Q3 23	$111M	$1.4B	$1.5B
Q4 23	$156M	$1.3B	$1.5B
Q1 24	$319M	$1.3B	$1.7B
Q2 24	$218M	$1.5B	$1.7B
Q3 24	$294M	$2M	$296M
Q4 24	$225M	$15M	$241M
Q1 25	$385M	$728M	$1.1B
Q2 25	$172M	$873M	$1.0B
Q3 25	$226M	$798M	$1.0B
Q4 25	$152M	$1.5B	$1.7B
Q1 26	$136M	$1.4B	$1.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	15M	-0.6%	-4.4%
Q3 22	15M	-0.7%	-3.3%
Q4 22	15M	-0.1%	-1.8%
Q1 23	15M	+0.4%	-1.1%
Q2 23	15M	+1.1%	+0.7%
Q3 23	15M	-0.4%	+1.0%
Q4 23	15M	-1.1%	0.0%
Q1 24	15M	+0.2%	-0.2%
Q2 24	15M	-0.7%	-2.0%
Q3 24	15M	-0.4%	-1.9%
Q4 24	15M	+0.3%	-0.6%
Q1 25	15M	-0.4%	-1.3%
Q2 25	14M	-1.1%	-1.6%
Q3 25	14M	-0.1%	-1.3%
Q4 25	14M	-0.7%	-2.3%
Q1 26	14M	-0.6%	-2.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$65.1K	905
Q3 22	$74.8K	905
Q4 22	$79.4K	929
Q1 23	$84.7K	929
Q2 23	$92.8K	929
Q3 23	$91.9K	929
Q4 23	$86.5K	973
Q1 24	$91.7K	973
Q2 24	$95.2K	973
Q3 24	$98.8K	973
Q4 24	$96.9K	963
Q1 25	$97.6K	963
Q2 25	$100.8K	963
Q3 25	$103.9K	963
Q4 25	$106.4K	950
Q1 26	$0	950

Revenue / Employee