Revenue: As of FY2026 Q1, the actual value is USD 98.4 B.EPS: As of FY2026 Q1, the actual value is USD 2.2, beating the estimate of USD 2.146.EBIT: As of FY2026 Q1, the actual value is USD -20.36 B.City Holding Company operates as a single reportable segment, Community Banking, which encompasses lending, depository, and trust relationships.<h4>Operational Metrics</h4><ul><li>Net Income Available to Common Shareholders: Increased to $31,735 thousand for the three months ended March 31, 2026, from $30,342 thousand for the same period in 2025.</li><li>Return on Average Assets (ROA): Increased to 1.92% in Q1 2026 from 1.89% in Q1 2025.</li><li>Return on Average Equity (ROE): Decreased to 15.6% in Q1 2026 from 16.3% in Q1 2025.</li><li>Return on Average Tangible Common Equity (ROATCE): Decreased to 19.3% in Q1 2026 from 20.7% in Q1 2025.</li><li>Dividend Payout Ratio: Increased to 39.5% in Q1 2026 from 38.4% in Q1 2025.</li><li>Average Equity to Average Assets Ratio: Increased to 12.3% in Q1 2026 from 11.6% in Q1 2025.</li></ul><h4>Segment Revenue</h4><ul><li>Net Interest Income: Increased by $3.8 million, or 6.8%, to $59.6 million in Q1 2026 from $55.8 million in Q1 2025, driven by a $3.1 million decrease in the cost of interest-bearing liabilities, a $2.9 million increase from higher average loan balances, and a $0.6 million increase from higher average investment security balances.</li><li>Net Interest Margin: Increased to 3.97% in Q1 2026 from 3.84% in Q1 2025.</li><li>Non-Interest Income: Increased by $0.9 million, or 4.8%, to $19.6 million in Q1 2026 from $18.7 million in Q1 2025, primarily due to increases in wealth and investment management fee income, other income, and service charges.</li></ul><h4>Operating Costs</h4><ul><li>Non-Interest Expense: Increased by $1.8 million, or 4.6%, to $39.4 million in Q1 2026 from $37.6 million in Q1 2025, largely due to a $1.0 million increase in salaries and employee benefits, a $0.4 million increase in other tax-related matters, and a $0.2 million increase in equipment and software related expenses.</li><li>Provision for Credit Losses: Totaled $0.6 million in Q1 2026, compared to no provision in Q1 2025, primarily due to an $0.85 million charge-off on a commercial loan.</li><li>Income Tax Expense: The effective income tax rate was 19.2% for Q1 2026, compared to 17.8% for Q1 2025.</li></ul><h4>Balance Sheet Metrics (as of March 31, 2026 vs. December 31, 2025)</h4><ul><li>Cash and Cash Equivalents: Increased by $107.1 million (55.8%) to $299.0 million.</li><li>Total Investment Securities: Decreased by - $62.2 million (-4.1%) to $1.47 billion.</li><li>Gross Loans: Decreased by - $11.3 million (-0.3%) to $4.50 billion, with commercial and industrial loans decreasing by - $12.4 million (-2.7%) and consumer loans by - $4.4 million (-9.2%), partially offset by increases in residential real estate loans ($3.3 million, 0.2%) and commercial real estate loans ($1.6 million, 0.1%).</li><li>Allowance for Credit Losses: Slightly decreased from $19.9 million at December 31, 2025, to $19.7 million at March 31, 2026.</li><li>Total Deposits: Increased by $42.6 million (0.8%) to $5.3 billion.</li><li>Net Loan to Asset Ratio: 66.2% as of March 31, 2026.</li><li>Deposit Funding of Total Assets: 79.0% as of March 31, 2026.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: $38.0 million for the three months ended March 31, 2026.</li><li>Net Cash Provided by Investing Activities: $65.2 million for the three months ended March 31, 2026, primarily from maturities/calls of investment securities and a net decrease in loans.</li><li>Net Cash Provided by Financing Activities: $3.9 million for the three months ended March 31, 2026, mainly from a net increase in interest-bearing deposits and customer repurchase agreements, partially offset by treasury stock purchases and dividends paid.</li></ul><h4>Future Outlook and Strategy</h4>City Holding Company maintains a strong liquidity position and a conservative approach, aiming to prevent negative fluctuations in net income or economic value of equity exceeding 15% within a 12-month period under specific interest rate shock scenarios. Both City Holding Company and City National Bank were considered “well capitalized” as of March 31, 2026, meeting all regulatory capital adequacy requirements and having significant borrowing capacity of $1.8 billion from Federal Reserve Bank and Federal Home Loan Bank facilities, alongside $762 million of unpledged investment securities. The company anticipates continuing annual dividend payments of approximately $49.1 million over the next 12 months, and a new share repurchase plan for up to 1,000,000 shares was authorized in March 2026.

City | 10-Q: FY2026 Q1 Revenue: USD 98.4 B