City Holding Company's second quarter 2026 earnings featured a stable net interest margin of 3.97% and improving credit quality.

City Holding Company reported second quarter 2026 net income of $33.3 million, or $2.35 per diluted share. The company's return on assets was 1.98% and return on tangible equity was 20.7% for the period.

Key Highlights

• Net interest income increased 1.9% sequentially to $60.8 million, while the company's net interest margin remained stable at 3.97%.
• Credit quality continued to strengthen as the ratio of nonperforming assets to total loans and other real estate owned decreased to 0.24% from 0.27% in the prior quarter.
• Core non-interest income grew 5.4% year-over-year to $20.7 million, driven by a 14.4% increase in wealth and investment management fee income.
• The company repurchased 59,156 shares during the quarter at an average price of $122.46 per share.