City Holding Company

City Holding reported second-quarter revenue of $81.73 million, up 3.8% year over year and 1.3% above analyst expectations, while its stock has risen 5.9% since the report to $142.92. Among the 95 regional banks tracked, OFG Bancorp was the best performer with revenue of $190.3 million, up 4.4% and beating estimates by 3.9%, while Banc of California was the weakest with revenue of $285.7 million, up 4.7% but missing estimates by 3.1% and seeing its stock fall 10.4% to $18.98. Wintrust Financial reported revenue of $739.5 million, up 9.9% and in line with expectations, but its stock is down 6.3% to $153.43, and FB Financial reported revenue of $175.9 million, up 27.5% but 0.7% below estimates, with its stock up 5.2% to $59.50.

City Holding reported second-quarter net interest income of $60.76 million, up from $58.92 million a year earlier, while net income was $33.3 million, similar to $33.39 million in the prior-year period. Basic and diluted earnings per share from continuing operations rose to $2.35 from $2.29. For the first six months of 2026, net interest income reached $120.38 million compared with $114.74 million a year ago, and net income was $65.03 million versus $63.73 million. The company also disclosed that between April 1 and June 30, 2026, it repurchased 59,156 shares for $7.24 million, bringing total repurchases under the buyback announced on March 25, 2026 to 74,156 shares, or 0.52% of the company, for $58.73 million in total. The stock trades at a price-to-earnings ratio of 15 times, which is below the peer average of 24.3 times but above the US banks industry average of 11.9 times and an estimated fair P/E of 10.8 times.