City Holding: Q1 Earnings Snapshot
CHARLESTON, W.Va. (AP) — CHARLESTON, W.Va. (AP) — City Holding Co. (CHCO) on Tuesday reported first-quarter earnings of $24.1 million.
The bank, based in Charleston, West Virginia, said it had earnings of $1.63 per share. Earnings, adjusted for non-recurring costs, were $2.03 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The bank holding company for City National Bank of West Virginia posted revenue of $80.2 million in the period. Its revenue net of interest expense was $72.4 million, also exceeding Street forecasts.
City Holding shares have fallen slightly more than 3% since the beginning of the year. The stock has increased 14% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHCO at https://www.zacks.com/ap/CHCO
