City Holding Co (CHCO) Tops Q3 EPS by 9c

City Holding Co (NASDAQ: CHCO) reported Q3 EPS of $0.88, $0.09 better than the analyst estimate of $0.79.

Highlights:

• Return on assets and return on tangible equity of 1.38% and 14.9%, respectively.
• Reported net interest income increased $1.9 million from the quarter ended September 30, 2015, while net interest income exclusive of accretion from fair value adjustments increased $2.3 million from the quarter ended September 30, 2015.
• Total gross loan growth of $54.5 million from June 30, 2016 to September 30, 2016.
• Asset quality continues to remain strong with nonperforming assets declining to $20.6 million, or 0.69% of total loans and other real estate owned. Past due loans remained steady at just 0.30% of total loans outstanding.

For earnings history and earnings-related data on City Holding Co (CHCO) click here.

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