City Holding Co (CHCO) Tops Q1 EPS by 5c
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City Holding Company Announces Record First Quarter Results
April 23, 2015 7:45 AM EDTCHARLESTON, W. Va.--(BUSINESS WIRE)-- City Holding Company (Company or City) (NASDAQ: CHCO), a $3.6 billion bank holding company headquartered in Charleston, today announced record quarterly diluted earnings of $1.17 per share and record quarterly net income of $18.0 million. Effective January 1, 2015, the Company sold its insurance operations, CityInsurance, and recognized a one-time after tax gain of $5.8 million, or $0.37 per diluted share, in the first quarter of 2015.
Net Interest Income
The Companys tax equivalent net interest income increased $0.1 million, or 0.4%, from $29.4 million during the fourth quarter of 2014 to $29.5 million during the first quarter... More
