City Holding Company (NASDAQ:CHCO) shares began Monday higher. The company, a $6.8- billion bank holding concern headquartered in Charleston, West Virginia, today announced net income of $34.6 million and record quarterly diluted earnings of $2.43 per share for the quarter ended September 30. For the quarter ended September 30, the Company achieved a return on assets of 2.03% and a return on tangible equity of 20.9%.
The Company’s net interest income increased approximately $1.8 million, or 3.0%, from $60.8 million during the second quarter of 2026 to $62.6 million during the third quarter of 2026.
The Company’s tax equivalent net interest income increased approximately $1.9 million, or 3.0%, from $61.0 million for the second quarter of 2026 to $62.9 million for the third quarter of 2026. This increase was primarily due to an increase in the yield on loans (three basis points) and an increase in the average balances of loans ($36.1 million) which increased net interest income by $1.1 million and $0.5 million, respectively.
In addition, an increase in the yield on investments (five basis points) and an increase in average investment balances ($20.7 million) increased net interest income by $0.4 million and $0.2 million, respectively.
These increases were partially offset by a decrease in the average balances of deposits in depository institutions ($49.0 million) which decreased net interest income by $0.5 million. The Company’s reported net interest margin increased from 3.97% for the second quarter of 2026 to 4.04% for the third quarter of 2026.
CHCO shares hiked $3.44, or 2.4%, to $145.45.
