Join        Login             Stock Quote

City Holding (CHCO) Q4 Net Income Rises 13 Pct

 January 29, 2013 02:25 PM

(By Balachander) City Holding Co. (NASDAQ: CHCO), the parent company of City National Bank of West Virginia, posted a 13 percent rise in quarterly earnings, helped by double-digit growth in net interest and non-interest income.

Earnings available to common shareholders increased to $10.89 million or 73 cents a share from $9.65 million or 65 cents per share in the fourth quarter of last year.

Net interest income rose 10 percent to $25.52 million and total non-interest income also grew 17 percent to $14.27 million.

Wall Street analysts, on average, expected CHCO to earn 68 cents per share on revenue of $38.30 million.

[Related -It's CEO-Letter Time]

Net interest margin increased to 3.99 percent from 3.95 percent in the previous quarter and 3.90 percent for the fourth quarter of last year.

The company achieved a return on assets of 1.49 percent, a return on tangible equity of 16.2 percent and an efficiency ratio of 53.1 percent in the fourth quarter.

The stock, which has been trading in the 52-week range of $30.69 to $37.50, traded 0.68 percent higher at $36.84 on Tuesday.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageUS REITs Edged Higher Last Week As Emerging Markets Slumped

Real estate investment trusts (REITs) in the US took the lead in last week’s shortened holiday trading week read on...

article imageA Contrarian Perspective On The Short EuroTtrade

As the euro continues to drift lower, it has become the accepted wisdom that we are headed for parity with read on...

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

Dividend Roundup: MFA, CMC, CHCO, LMNR, UTL, BKSC
More Articles on: Finance

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.