A Business at a Glance
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CITY HOLDING CO
CHCO
$2.0B
Mkt Cap
$139.62
+1.50%
CITY HOLDING CO (CHCO) has a current P/E ratio of 15.6, compared to its historical median P/E of 13.2. The stock is currently considered Expensive based on its historical valuation range.
CITY HOLDING CO (CHCO) has a 5-year average return on invested capital (ROIC) of 14.7%. This indicates solid capital allocation.
CITY HOLDING CO (CHCO) has a market capitalization of $2.7B. It is classified as a mid-cap stock.
Yes, CITY HOLDING CO (CHCO) pays a dividend with a trailing twelve-month yield of 1.90%. The company also returns capital through share buybacks, with a buyback yield of 2.53%.
Based on historical P/E analysis, CITY HOLDING CO (CHCO) appears expensive. The current P/E of 15.6 is 18% above its historical median of 13.2. The estimated fair value CAGR (P/E method) is 9.3%.
CITY HOLDING CO (CHCO) operates in the National Commercial Banks industry, within the Financials sector.
CITY HOLDING CO (CHCO) reported annual revenue of $399 million in its most recent fiscal year, based on SEC EDGAR filings.
City Holding Company (the "Company" or "City Holding" or the "Parent Company") is a financial holding company headquartered in Charleston, West Virginia. The Company conducts its principal activities through its wholly-owned subsidiary, City National Bank of West Virginia ("City National"). City National provides banking, wealth and investment management and other financial solutions through its network of 96 bank branches and 934 full-time equivalent associates located in West Virginia, Kentucky, Virginia and southeastern Ohio. The Company’s business activities are currently limited to one reportable business segment, which is community banking. The principal products produced and services rendered by City National include: •Commercial Banking - City National offers a full range of commercial banking services to corporations and other business customers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 319M | 399M | 380M | 342M | 262M | 235M |
| Net Income | 131M | 129M | 116M | 113M | 101M | 87M |
| EPS | $6.86 | $8.93 | $7.89 | $7.61 | $6.80 | $5.66 |
| Free Cash Flow | 134M | 128M | 129M | 135M | 114M | 99M |
| ROIC | 0.0% | 14.1% | 14.0% | 16.7% | 16.1% | 12.6% |
| Gross Margin | - | 83.3% | 82.5% | 83.8% | 96.1% | 94.4% |
| Debt/Equity | 0.19 | 0.20 | 0.23 | 0.17 | 0.00 | 0.00 |
| Dividends/Share | $2.65 | $3.32 | $3.01 | $2.73 | $2.50 | $2.34 |
| Operating Income | 0 | 161M | 145M | 143M | 127M | 111M |
| Operating Margin | 0.0% | 40.5% | 38.1% | 41.9% | 48.6% | 47.3% |
| ROE | 16.5% | 16.8% | 16.5% | 18.1% | 16.1% | 12.6% |
| Shares Outstanding | 19M | 14M | 15M | 15M | 15M | 15M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 188M | 194M | 191M | 207M | 224M | 266M | 261M | 235M | 262M | 342M | 380M | 399M | 319M |
| Gross Margin | 91.5% | 90.3% | 90.8% | 90.4% | 87.5% | 85.9% | 90.9% | 94.4% | 96.1% | 83.8% | 82.5% | 83.3% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 52M | 48M | 51M | 51M | 54M | 62M | 62M | 62M | 67M | 73M | 76M | 79M | 80M |
| EBIT | 77M | 83M | 77M | 91M | 88M | 113M | 111M | 111M | 127M | 143M | 145M | 161M | 0 |
| Op. Margin | 41.0% | 42.5% | 40.4% | 43.9% | 39.2% | 42.6% | 42.7% | 47.3% | 48.6% | 41.9% | 38.1% | 40.5% | 0.0% |
| Net Income | 53M | 53M | 52M | 54M | 69M | 89M | 89M | 87M | 101M | 113M | 116M | 129M | 131M |
| Net Margin | 28.1% | 27.5% | 27.0% | 26.0% | 30.9% | 33.3% | 34.0% | 37.1% | 38.6% | 33.1% | 30.6% | 32.4% | 41.0% |
| Non-Recurring | 0 | 11M | 0 | 0 | -3.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 13.3% | 13.2% | 11.9% | 11.4% | 12.6% | 14.1% | 13.1% | 12.6% | 16.1% | 16.7% | 14.0% | 14.1% | 0.0% |
| ROE | 13.6% | 13.2% | 12.0% | 11.4% | 12.6% | 14.1% | 13.1% | 12.6% | 16.1% | 18.1% | 16.5% | 16.8% | 16.5% |
| ROA | 1.6% | 1.5% | 1.3% | 1.3% | 1.5% | 1.8% | 1.6% | 1.5% | 1.7% | 1.9% | 1.8% | 2.0% | 1.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 53M | 48M | 65M | 76M | 78M | 105M | 90M | 102M | 116M | 138M | 132M | 131M | 138M |
| Free Cash Flow | 51M | 45M | 60M | 70M | 67M | 100M | 84M | 99M | 114M | 135M | 129M | 128M | 134M |
| Owner Earnings | 45M | 39M | 57M | 68M | 70M | 96M | 79M | 92M | 106M | 127M | 122M | 122M | 22M |
| CapEx | 2.3M | 3.0M | 5.5M | 6.6M | 10M | 4.7M | 5.5M | 3.3M | 2.1M | 3.0M | 2.7M | 2.9M | 3.4M |
| Maint. CapEx | 7.0M | 6.8M | 6.7M | 6.4M | 5.6M | 7.0M | 7.4M | 7.3M | 6.7M | 7.0M | 6.6M | 6.5M | 110M |
| Growth CapEx | 0 | 0 | 0 | 150K | 4.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 7.0M | 6.8M | 6.7M | 6.4M | 5.6M | 7.0M | 7.4M | 7.3M | 6.7M | 7.0M | 6.6M | 6.5M | 110M |
| CapEx/OCF | 4.4% | 6.3% | 8.4% | 8.4% | 14.0% | 4.5% | 6.2% | 3.2% | 1.8% | 2.2% | 2.1% | 2.2% | 2.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 24M | 25M | 26M | 27M | 30M | 36M | 37M | 36M | 37M | 40M | 43M | 47M | 50M |
| Dividend Yield | 5.1% | 4.9% | 4.6% | 3.4% | 3.2% | 3.5% | 4.1% | 3.4% | 3.2% | 3.1% | 2.8% | 2.8% | 1.9% |
| Share Buybacks | 28M | 7.1M | 10M | 0 | 20M | 19M | 36M | 59M | 26M | 60M | 18M | 46M | 67M |
| Buyback Yield | 5.4% | 1.4% | 1.3% | N/A | 2.4% | 1.7% | 3.8% | 5.2% | 2.1% | 3.7% | 1.0% | 2.5% | 2.5% |
| Stock-Based Comp | 1.5M | 1.8M | 2.0M | 2.1M | 2.2M | 2.5M | 3.3M | 3.1M | 3.3M | 3.2M | 3.5M | 3.4M | 5.8M |
| Debt Repayment | 2.9M | 15M | 93M | 3.9M | 7.7M | 51M | 85M | 17M | 21M | 37M | 9.2M | 42M | 42M |
| Balance Sheet | |||||||||||||
| Net Debt | -397M | -434M | -531M | -624M | -837M | -944M | -1.7B | -2.0B | -1.7B | -1.4B | -1.5B | -1.5B | -1.6B |
| Cash & Equiv. | 148M | 70M | 88M | 83M | 123M | 140M | 529M | 635M | 200M | 156M | 225M | 192M | 1.7B |
| Long-Term Debt | 606K | 617K | 683K | 765K | 880K | 182K | 100K | 0 | 0 | 100M | 150M | 150M | 150M |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.17 | 0.23 | 0.20 | 0.19 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 391M | 419M | 442M | 503M | 601M | 658M | 701M | 681M | 578M | 677M | 731M | 810M | 794M |
| Total Assets | 3.5B | 3.7B | 4.0B | 4.1B | 4.9B | 5.0B | 5.8B | 6.0B | 5.9B | 6.2B | 6.5B | 6.7B | 6.8B |
| Total Liabilities | 3.1B | 3.3B | 3.5B | 3.6B | 4.3B | 4.4B | 5.1B | 5.3B | 5.3B | 5.5B | 5.7B | 5.9B | 6.0B |
| Intangibles | 2.8M | 3.5M | 2.9M | 2.4M | 13M | 11M | 9.7M | 8.2M | 6.8M | 13M | 10M | 8.1M | 0 |
| Retained Earnings | 362M | 391M | 417M | 444M | 486M | 539M | 590M | 642M | 707M | 780M | 853M | 935M | 954M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 3.38 | 3.53 | 3.45 | 3.48 | 4.49 | 5.42 | 5.55 | 5.66 | 6.80 | 7.61 | 7.89 | 8.93 | 6.86 |
| Owner EPS | 2.86 | 2.59 | 3.79 | 4.38 | 4.52 | 5.85 | 4.95 | 5.96 | 7.12 | 8.56 | 8.28 | 8.39 | 1.17 |
| Book Value | 24.94 | 27.67 | 29.64 | 32.55 | 38.90 | 40.28 | 43.86 | 44.19 | 38.86 | 45.46 | 49.68 | 55.91 | 41.71 |
| Cash Flow/Share | 3.41 | 3.16 | 4.38 | 4.93 | 5.02 | 6.43 | 5.62 | 6.64 | 7.79 | 9.24 | 8.97 | 9.07 | 12.62 |
| Dividends/Share | 1.60 | 1.68 | 1.72 | 1.78 | 1.98 | 2.20 | 2.29 | 2.34 | 2.50 | 2.73 | 3.01 | 3.32 | 2.65 |
| Shares Out. | 15.7M | 15.2M | 14.9M | 15.4M | 15.4M | 16.3M | 16.0M | 15.4M | 14.9M | 14.9M | 14.7M | 14.5M | 19.0M |
| Valuation | |||||||||||||
| P/E Ratio | 9.7 | 9.6 | 15.1 | 15.5 | 12.2 | 12.6 | 10.8 | 12.7 | 12.6 | 14.0 | 14.8 | 13.8 | 20.3 |
| P/FCF | 10.1 | 11.5 | 13.0 | 11.9 | 12.6 | 11.1 | 11.4 | 11.2 | 11.2 | 11.8 | 13.3 | 13.9 | 19.8 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 1.3 | 1.2 | 1.8 | 1.7 | 1.4 | 1.7 | 1.4 | 1.6 | 2.2 | 2.4 | 2.4 | 2.2 | 3.3 |
| Price/Sales | 2.7 | 2.9 | 3.2 | 4.3 | 4.6 | 4.5 | 3.8 | 4.7 | 4.6 | 4.5 | 5.4 | 5.5 | 8.3 |
| FCF Yield | 9.9% | 8.6% | 7.6% | 8.3% | 7.9% | 8.9% | 8.7% | 8.8% | 8.8% | 8.4% | 7.4% | 7.1% | 5.1% |
| Market Cap | 515M | 521M | 786M | 840M | 855M | 1.1B | 969M | 1.1B | 1.3B | 1.6B | 1.7B | 1.8B | 2.7B |
| Avg. Price | 30.82 | 34.39 | 37.40 | 51.78 | 59.09 | 62.72 | 55.98 | 67.99 | 76.94 | 87.29 | 106.52 | 118.47 | 139.62 |
| Year-End Price | 32.88 | 34.01 | 52.01 | 53.83 | 54.82 | 68.35 | 59.99 | 72.02 | 85.58 | 106.73 | 117.01 | 122.95 | 139.62 |
CITY HOLDING CO passes 6 of 9 quality checks, suggesting mixed fundamentals.
CITY HOLDING CO trades at 15.6x trailing earnings, compared to its 15-year median P/E of 13.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 15.6x vs a median of 11.9x. The company's 5-year average ROIC is 14.7% with a gross margin of 88.0%. Total shareholder yield (dividends + buybacks) is 4.4%. At current prices, the estimated annualized return to fair value is +11.3%.
CITY HOLDING CO (CHCO) has a net profit margin of 32.4%. This is a strong margin indicating high profitability.
CITY HOLDING CO (CHCO) generated $128 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CITY HOLDING CO (CHCO) has a debt-to-equity ratio of 0.20. This indicates a conservatively financed balance sheet.
CITY HOLDING CO (CHCO) reported earnings per share (EPS) of $8.93 in its most recent fiscal year.
CITY HOLDING CO (CHCO) has a return on equity (ROE) of 16.8%. This indicates the company generates strong returns for shareholders.
CITY HOLDING CO (CHCO) has a 5-year average gross margin of 88.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for CITY HOLDING CO (CHCO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CITY HOLDING CO (CHCO) has a book value per share of $55.91, based on its most recent annual SEC filing.
No recent press releases.