CITY HOLDING CO financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CITY HOLDING CO files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue			57.5	63.8	61.2	64.9	68.1	69.1	72	74.3
Interest expense	13.2	16.8	25.7	36.3	23.6	9.89	9.66	52
Pre-tax income	77.2	90.7	88	113	111	111	127	143	145	161
Income tax	25.1	36.4	18	24.1	21.7	23.1	25.3	28.7	27.4	31
Net income	52.1	54.3	70	89.4	89.6	88.1	102	114	117	130
EPS, basic	3.46	3.49	4.50	5.43	5.55	5.67	6.81	7.62	7.91	8.94
EPS, diluted	3.45	3.48	4.49	5.42	5.55	5.66	6.80	7.61	7.89	8.93
Shares, basic (weighted)	14.9	15.4	15.4	16.3	16	15.4	14.8	14.9	14.7	14.5
Shares, diluted (weighted)	14.9	15.4	15.4	16.3	16	15.4	14.9	14.9	14.7	14.5
Dividend per share	1.72	1.78	1.98	2.20	2.29	2.34	2.50	2.73	3.01	3.32

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	88.1	82.5	123	140	529	635	200	156	225	192
Property, plant and equipment	75.2	72.7	78.4	77	76.9	74.1	70.8	72.1	70.5	69.1
Goodwill	76.2	76.2	110	109	109	109	109	150	150	150
Intangible assets	2.94	2.4	13.3	11.3	9.65	8.18	6.79	12.7	10.3	8.11
Total assets	3,984	4,132	4,899	5,019	5,759	6,004	5,878	6,168	6,459	6,722
Total liabilities	3,542	3,630	4,298	4,361	5,058	5,323	5,300	5,491	5,729	5,912
Total debt							0	100	150	150
Paid-in capital	113	141	170	170	171	171	171	177	177	175
Retained earnings	417	444	486	539	590	642	707	780	853	935
Treasury stock	-127	-125	-87.9	-105	-139	-194	-216	-218	-230	-271
Other comprehensive income	-7.01	-5.64	-14.5	5.84	31.2	14.3	-131	-111	-116	-76.6
Shareholders' equity	442	503	601	658	701	681	578	677	731	810
Total equity	442	503	601	658	701	681	578	677	731	810
Total liabilities and equity	3,984	4,132	4,899	5,019	5,759	6,004	5,878	6,168	6,459	6,722

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	52.1	54.3	70	89.4	89.6	88.1	102	114	117	130
Depreciation and amortization	6.24	5.88	5.09	5	5.79	5.83	5.33	4.56	4.22	4.29
Stock-based compensation	2.02	2.1	2.15	2.52	3.25	3.12	3.28	3.21	3.52	3.38
Deferred income tax	3.82	14.9	-1.24	4.94	2.64	2.19	1.47	-2.76	0.38	-0.05
Cash from operations	65.3	76.1	77.6	105	89.8	102	116	138	132	131
Capital expenditures	-5.52	-6.57	-10.2	-4.73	-5.54	-3.32	-2.14	-2.96	-2.71	-2.92
Acquisitions	0	0
Purchases of investments				-210	-461	-561	-519	-93.7	-295	-329
Sales and maturities of investments	78.7	58.4	56.8	75.7	139	292	211	119	169	235
Cash from investing	-261	-172	-168	-109	-285	-191	-410	14.7	-252	-270
Debt issued						0	0	100	50	0
Stock issued	6.86	28.4	0	0	0.22	0.69	0.8
Share buybacks	-10	0	-20.3	-19.4	-36.5	-58.7	-26.4	-60.1	-17.9	-45.8
Dividends paid	-25.7	-27.1	-29.6	-35.5	-36.7	-36.1	-36.7	-40	-43.5	-47.3
Cash from financing	214	89.9	131	20.9	584	195	-140	-196	189	105
Net change in cash	18	-5.63	40.5	17.2	389	106	-435	-43.7	69.1	-33.5
Free cash flow	59.8	69.6	67.4	100	84.3	99	114	135	129	128
Interest paid	13.1	16.4	24.8	37	25.4	11.1	9.47	49.1	83.8	85.8
Income taxes paid	16.3	22.6	20.8	14.9	26.7	18.5	22.4	32.8	28	35.8

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $141.97 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	19.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	16.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.9%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	3.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	3.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	11.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	8.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	7.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	13.2%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	9.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	10.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-0.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	4.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	7.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-0.6%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	4.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	8.8%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	10.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	9.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	7.7%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	10.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	11.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	2.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	4.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	4.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	3.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.9%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-2.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.19x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	2.2%	Total debt / total assets.
Liabilities / assets	88.1%	Total liabilities / total assets.
Net debt	-$117.2M	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$808.9M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	105.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	2.7%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$9.37	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$9.85	Free cash flow / diluted weighted shares.
Operating cash flow per share	$10.12	Cash from operations / diluted weighted shares.
Book value per share	$57.53	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$57.53	Tangible book value / shares outstanding.
Cash per share	$19.00	(Cash + short-term investments) / shares outstanding.
Payout ratio	37.2%	Dividends paid / net income, when net income is positive.
Dividends / FCF	35.4%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	39.7%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.99B	Share price x shares outstanding.
Enterprise value	$1.88B	Market cap + total debt - cash - short-term investments.
P/E	15.1x	Market cap / net income. Only when net income is positive.
P/B	2.46x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.46x	Market cap / tangible book value, when positive.
P/FCF	14.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	14.0x	Market cap / cash from operations, when positive.
EV/FCF	13.5x	Enterprise value / free cash flow, when both are positive.
FCF yield	6.9%	Free cash flow / market cap.
Earnings yield	6.6%	Net income / market cap (the inverse of P/E).
Dividend yield	2.5%	Dividends paid over the period / market cap.
Shareholder yield	5.2%	(Dividends paid + share buybacks) / market cap.
PEG	1.59x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was CITY HOLDING CO's revenue in fiscal 2025?

CITY HOLDING CO reported revenue of $74.3M for fiscal 2025, 3.2% higher than the year before.

Was CITY HOLDING CO profitable in fiscal 2025?

Yes. Net income was $130.5M, a net margin of 175.6%.

How much free cash flow did CITY HOLDING CO generate in fiscal 2025?

Cash from operations of $131.4M minus capital expenditures of $2.9M left free cash flow of $128.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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