City Holding Company reported fourth-quarter earnings of $2.18 per share, falling short of the consensus estimate of $2.29 and up from $1.94 in the year-ago quarter. Quarterly revenue reached approximately $80.2 million, just below analysts’ projections of $81.4 million. Net interest income for the quarter was $60.6 million, down 0.9% from $61.1 million in Q3 2025, while the company’s net interest margin contracted to 3.94% from 4.04% in the prior quarter due primarily to an 11-basis-point decline in loan yields and the maturity of $150 million in swap agreements.

For the full year ended December 31, 2025, City Holding delivered record net income of $130.5 million, or $8.93 in diluted earnings per share, compared with $1.94 per share in Q4 2024 and prior annual earnings per share of $7.45. The company achieved a return on assets of 1.97% and a return on tangible equity of 21.2%. Tax-equivalent net interest income rose 7.3% to $237.2 million, driven by a $220.9 million increase in average loan balances and a 12-basis-point reduction in funding costs.

Total loans grew by $232.2 million, or 5.4%, to $4.51 billion at year-end, led by a $98.6 million increase in commercial real estate and an $86.5 million uptick in residential mortgages. Period-end deposits climbed 3.0% to $5.39 billion. Asset quality improved: nonperforming assets declined to 0.32% of loans ($14.4 million) from 0.35% ($15.0 million) a year earlier, while past-due loans fell to 0.19% of the portfolio. The allowance for credit losses produced a $1.4 million recovery for the full year, reflecting upgrades in previously reserved credits.