Key Highlights

  • City Holding's $1.00 quarterly dividend has an October 15, 2026 ex-dividend date and is payable October 30 to shareholders of record.
  • The company describes it as a 15% increase from the previous 87 cents, and states an annualized rate of $4.00.
  • Second-quarter net income was $33.3 million, or $2.35 per diluted share, with return on assets of 1.98%.
  • Return on tangible equity was 20.7%, and net interest income was $60.8 million versus $59.6 million in the first quarter.

City Holding Company's (NASDAQ:CHCO) $1.00 quarterly dividend yields 2.87% and sits beside second-quarter diluted EPS of $2.35. The board declared it on September 30, 2026, a 15% increase from the previous 87 cents. The company states the new rate is $4.00 on an annualized basis.

Dividend Program and Shareholder Returns

City Holding declared a dividend of $1.00 per common share on September 30, 2026, payable October 30 to shareholders of record as of October 15. The company said the board approved an increase of 13 cents per quarter, and stated that the decision is based on its current strong capital and liquidity position, its financial performance during 2026 and its confidence in its ability to sustain that performance.

The company's second-quarter release shows dividends declared of $0.87 per share in each of the second quarter of 2026 and the three quarters before it, versus $0.79 in the second quarter of 2025. On May 27, 2026 the board approved the $0.87 dividend payable July 31 to shareholders of record July 15. In the second quarter the company repurchased 59,156 shares at a weighted average price of $122.46, under a 1,000,000 share plan authorized in March 2026, with approximately 926,000 shares remaining at June 30.

About the Company

City Holding is a $6.8 billion bank holding company headquartered in Charleston, West Virginia. It is the parent company of City National Bank of West Virginia, which operates 95 branches across West Virginia, Kentucky, Virginia and Ohio.

Financial Performance Behind the Payout

City reported second-quarter net income of $33.3 million and diluted earnings of $2.35 per share versus $33.4 million and $2.29 a year earlier. Return on assets was 1.98%, return on tangible equity was 20.7%, and the efficiency ratio was 48.1%. First-half net income available to common shareholders was $65.0 million versus $63.7 million, with first-half EPS of $4.55 versus $4.35.

Net interest income rose approximately $1.2 million, or 1.9%, to $60.8 million from $59.6 million in the first quarter. Tax equivalent net interest income was $61.0 million versus $59.9 million. The net interest margin was 3.97% in both quarters. The company attributed the increase primarily to a 2 basis point increase in loan yield and a $78.1 million increase in average balances of deposits in depository institutions, partly offset by a $53.7 million increase in average interest-bearing liabilities.

Fee Income, Expenses and Balance Sheet

Non-interest income was $20.8 million versus $19.5 million in the second quarter of 2025, and non-interest expense was $39.8 million versus $39.2 million. Loans were $4.50 billion at June 30, up $10.2 million from March 31, and total average depository balances were $5.33 billion.

Nonperforming assets were 0.24% of loans and other real estate owned, or $10.6 million, versus 0.27%, or $12.2 million, at March 31. Tangible equity was $652 million, a tangible equity ratio of 9.9%. Book value per share was $57.57, and tangible book value per share was $46.40.

Outlook

City Holding did not provide numerical guidance in its second-quarter release. The company reports a loan to deposit ratio of 84.3% and additional borrowing capacity of $1.8 billion at June 30, 2026.