City Holding Company (CHCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 25 GATEWATER ROAD
CHARLESTON, WV 25313
State of Incorp. WV
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments156,276200,000634,631528,659140,144122,991
Cash and cash equivalents156,276200,000634,631528,659140,144122,991
Total current assets:156,276200,000634,631528,659140,144122,991
Noncurrent Assets
Property, plant and equipment72,14670,78674,07176,92576,96578,383
Intangible assets, net (including goodwill), including:162,568115,735117,121118,592120,241122,848
Goodwill149,902108,900108,900108,941108,941109,567
Intangible assets, net (excluding goodwill) 12,6666,7938,1799,65111,30013,281
Other undisclosed intangible assets, net (including goodwill) 4242   
Deferred income tax assets42,21644,88463  
Investment, proportional amortization method, elected, amount 44,60042,10028,60014,40010,100 
Total noncurrent assets:321,530273,505219,855209,917207,306201,231
Other undisclosed assets5,690,2465,404,6015,149,2095,020,0644,671,3064,574,790
TOTAL ASSETS:6,168,0525,878,1066,003,6955,758,6405,018,7564,899,012
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt309,856290,964312,458295,956211,255221,911
Total current liabilities:309,856290,964312,458295,956211,255221,911
Noncurrent Liabilities
Long-term debt and lease obligation 100,000     
Long-term debt, excluding current maturities 100,000     
Liabilities, other than long-term debt 27,90030,90018,90010,0023,200 
Deferred income tax liabilities    3,202 
Investment program, proportional amortization method, elected, commitment 27,90030,90018,9006,8003,200 
Total noncurrent liabilities: 127,90030,90018,90010,0023,200 
Other undisclosed liabilities5,053,2304,978,3904,991,2324,751,5764,146,3184,076,337
Total liabilities:5,490,9865,300,2545,322,5905,057,5344,360,7734,298,248
Equity
Equity, attributable to parent677,066577,852681,105701,106657,983600,764
Common stock47,61947,61947,61947,61947,61947,619
Treasury stock, value(217,737)(215,955)(193,542)(139,038)(105,038)(87,895)
Additional paid in capital177,424170,980170,942171,304170,309169,555
Accumulated other comprehensive income (loss)(110,539)(131,488)14,26031,2335,840(14,482)
Retained earnings780,299706,696641,826589,988539,253485,967
Total equity:677,066577,852681,105701,106657,983600,764
TOTAL LIABILITIES AND EQUITY:6,168,0525,878,1066,003,6955,758,6405,018,7564,899,012

Income Statement (P&L) ($ in thousands)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues271,264189,688165,467178,259197,700163,901
Net investment income271,264189,688165,467178,259197,700163,901
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(3,243)(474) (10,722)  
Gross profit:268,021189,214165,467167,537197,700163,901
Operating expenses(28,497)(23,307)(22,181)(20,670)(23,537)(32,627)
Operating income:239,524165,907143,286146,867174,163131,274
Nonoperating income6,0095,5003,9524,4243,7663,090
Bank owned life insurance income6,0375,5593,8954,4243,7663,090
Interest and debt expense(52,023)(9,655)(9,894)(23,615)(36,339)(25,692)
Income from continuing operations before equity method investments, income taxes:193,510161,752137,344127,676141,590108,672
Other undisclosed loss from continuing operations before income taxes(50,404)(34,418)(26,150)(16,364)(28,103)(20,655)
Income from continuing operations before income taxes:143,106127,334111,194111,312113,48788,017
Income tax expense(28,741)(25,263)(23,114)(21,717)(24,135)(18,015)
Income from continuing operations:114,365102,07188,08089,59589,35270,002
Income before gain (loss) on sale of properties:88,08089,59589,35270,002
Net income attributable to parent:114,365102,07188,08089,59589,35270,002
Undistributed earnings (loss) allocated to participating securities, basic(1,036)(958)(843)(887)(806)(654)
Net income available to common stockholders, basic:113,329101,11387,23788,70888,54669,348
Other undisclosed net income available to common stockholders, diluted      
Net income available to common stockholders, diluted:113,329101,11387,23788,70888,54669,348

Comprehensive Income ($ in thousands)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:114,365102,07188,08089,59589,35270,002
Other comprehensive income (loss)20,949(145,748)(16,973)25,39320,322(6,181)
Comprehensive income (loss), net of tax, attributable to parent:135,314(43,677)71,107114,988109,67463,821

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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