City Holding Co Q3 interest income up from prior quarter on higher loan yields
CHCO•City Holding Co reported Q3 net interest income of $62.61 million, up 3% from the prior quarter as loan yields and balances increased. The company also reported record quarterly net income and diluted EPS and raised its quarterly dividend 15% to $1.00 per share.
1. Quarterly results
City Holding Co said Q3 net interest income rose 3% from the prior quarter to $62.61 million, driven by higher loan yields and average loan balances. The company reported record quarterly net income and diluted earnings per share, both up from the prior quarter.
2. Dividend increase
The company raised its quarterly dividend by 15% to $1.00 per share. It did not provide specific financial guidance for upcoming quarters or the full year.
