City Holding: Q3 Earnings Snapshot
CHARLESTON, W.Va. (AP) — CHARLESTON, W.Va. (AP) — City Holding Co. (CHCO) on Tuesday reported third-quarter profit of $29.8 million.
The Charleston, West Virginia-based bank said it had earnings of $1.98 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.
The bank holding company for City National Bank of West Virginia posted revenue of $87.6 million in the period. Its revenue net of interest expense was $73.3 million, also beating Street forecasts.
City Holding shares have fallen roughly 5% since the beginning of the year. The stock has fallen 12% 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
