Form 8-K

8-K — CITY HOLDING CO

Accession: 0000726854-26-000160

Filed: 2026-07-22

Period: 2026-07-22

CIK: 0000726854

SIC: 6021 (NATIONAL COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — chco-20260722.htm (Primary)

EX-99.1 (chco06-30x2026exhibit991.htm)

GRAPHIC (chco-20260722_g1.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: chco-20260722.htm · Sequence: 1

chco-20260722

0000726854false00007268542026-07-222026-07-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C., 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): July 22, 2026

CITY HOLDING COMPANY

(Exact Name of Registrant as Specified in its Charter)

Commission File Number: 0-11733

West Virginia 55-0619957

(State or Other Jurisdiction of (I.R.S. Employer

Incorporation or Organization) Identification No.)

25 Gatewater Road, Cross Lanes, West Virginia 25313

(Address of Principal Executive Offices, Including Zip Code)

304-769-1100

(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading

symbol(s) Name of each exchange on which registered

Common Stock $2.50 Par Value CHCO NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

-1-

Section 2 - Financial Information

Item 2.02 Results of Operations and Financial Condition.

On July 22, 2026, City Holding Company ("the Company") issued a news release, attached as Exhibit 99.1, announcing the Company's earnings results for the second quarter ended June 30, 2026. Furnished as Exhibit 99.1 and incorporated herein by reference is the news release issued by the Company.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

99.1

News Release issued July 22, 2026

Signatures

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized.

Dated: July 22, 2026

City Holding Company

By: /s/ David L. Bumgarner

David L. Bumgarner

Senior Executive Vice President & Chief Financial Officer

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EX-99.1

Filename: chco06-30x2026exhibit991.htm · Sequence: 2

Document

NEWS RELEASE

For Immediate Release

July 22, 2026

For Further Information Contact:

David L. Bumgarner, Senior Executive Vice President and Chief Financial Officer

(304) 769-1169

City Holding Company Announces Quarterly Results

Charleston, West Virginia – City Holding Company (“Company” or “City”) (NASDAQ:CHCO), a $6.8 billion bank holding company headquartered in Charleston, West Virginia, today announced net income of $33.3 million and diluted earnings of $2.35 per share for the quarter ended June 30, 2026. For the quarter ended June 30, 2026, the Company achieved a return on assets of 1.98% and a return on tangible equity of 20.7%.

Net Interest Income

The Company’s net interest income increased approximately $1.2 million, or 1.9%, from $59.6 million during the first quarter of 2026 to $60.8 million during the second quarter of 2026. The Company’s tax equivalent net interest income increased approximately $1.1 million, or 1.9%, from $59.9 million for the first quarter of 2026 to $61.0 million for the second quarter of 2026. This increase was primarily due to an increase in the yield on loans (2 basis points) and an increase in the average balances of deposits in depository institutions ($78.1 million) which increased net interest income by $0.9 million and $0.7 million, respectively. These increases were partially offset by an increase in the average balances of interest-bearing liabilities ($53.7 million) which decreased net interest income by $0.3 million. The Company’s reported net interest margin remained at 3.97% for both the first quarter of 2026 and for the second quarter of 2026.

Credit Quality

The Company’s ratio of nonperforming assets to total loans and other real estate owned decreased from 0.27%, or $12.2 million, at March 31, 2026 to 0.24%, or $10.6 million, at June 30, 2026. Total past due loans increased modestly from $8.5 million, or 0.19% of total loans outstanding, at March 31, 2026, to $8.6 million, or 0.19% of total loans outstanding, at June 30, 2026.

As a result of the Company’s quarterly analysis of the adequacy of the allowance for credit losses, the Company recorded a provision for credit losses of $0.4 million in the second quarter of 2026, compared to a recovery of credit losses of $1.9 million for the comparable period in 2025, and a provision for credit losses of $0.6 million for the first quarter of 2026. The provision for credit losses in the second quarter of 2026 was primarily related to the downgrade of a commercial real estate loan and a marginal increase in the historical loss rate for commercial and industrial loans during the quarter ended June 30, 2026, which were partially offset by net recoveries of $0.2 million during the quarter ended June 30, 2026.

Non-interest Income

Non-interest income increased $1.2 million from $19.5 million in the second quarter of 2025 to $20.8 million in the second quarter of 2026. During the second quarter of 2026, the Company reported $0.1 million of unrealized fair value gains on the Company’s equity securities as compared to $0.2 million of realized investment gains and $0.3 million of unrealized fair value losses on the Company’s equity securities during the second quarter of 2025.

Exclusive of these items, non-interest income increased $1.1 million, or 5.4%, from $19.6 million for the second quarter of 2025 to $20.7 million for the second quarter of 2026. This increase was due to an increase of $0.4 million, or 14.4%, in wealth and investment management fee income, an increase of $0.4 million, or 5.2%, in service charges, and a $0.3 million, or 4.4%, increase in bankcard revenue.

Non-interest Expenses

Non-interest expenses increased $0.6 million, or 1.5%, from $39.2 million in the second quarter of 2025 to $39.8 million in the second quarter of 2026. This increase was largely due to an increase in salaries and employee benefit expenses ($0.5 million) and equipment and software related expenses ($0.2 million).

Balance Sheet Trends

Loans increased $10.2 million (0.2%) from March 31, 2026 to $4.50 billion at June 30, 2026. Commercial and industrial loans increased $12.5 million (2.8%) and home equity loans increased $6.3 million (2.8%) during the quarter ended June 30, 2026. These increases were partially offset by decreases in residential real estate loans of $6.9 million and consumer loans of $3.1 million.

Period-end deposit balances declined $3.5 million from March 31, 2026, to June 30, 2026. Total average depository balances increased $59.5 million (1.1%) from the quarter ended March 31, 2026 to the quarter ended June 30, 2026 to $5.33 billion. Average noninterest-bearing demand balances increased $30.3 million and average balances of savings deposits balances increased $28.9 million.

Income Tax Expense

The Company’s effective income tax rate for the second quarter of 2026 was 19.4%, compared to 19.2% for the year ended December 31, 2025, and 18.9% for the quarter ended June 30, 2025.

Capitalization and Liquidity

The Company’s loan to deposit ratio was 84.3% and the loan to asset ratio was 66.5% at June 30, 2026. The Company maintained investment securities totaling 22.2% of assets as of the same date. The Company’s deposit mix is weighted heavily toward checking and savings accounts, which fund 59.5% of assets at June 30, 2026. Time deposits funded 19.3% of assets at June 30, 2026, with only 14.9% of time deposits having balances of more than $250,000, reflecting the core retail orientation of the Company.

City Holding Company is the parent company of City National Bank of West Virginia (“City National”). City National has borrowing facilities with the Federal Reserve Bank and the Federal Home Loan Bank that can be accessed as necessary to fund operations and to provide contingency funding. These borrowing facilities are collateralized by various loans held on City National’s balance sheet. As of June 30, 2026, City National had the capacity to borrow an additional $1.8 billion from these existing borrowing facilities. In addition, approximately $715 million of City National’s investment securities

were pledged to collateralize customer repurchase agreements and various deposit accounts, leaving approximately $791 million of City National’s investment securities unpledged at June 30, 2026.

The Company continues to be strongly capitalized with tangible equity of $652 million at June 30, 2026. The Company’s tangible equity ratio remained at 9.9% at both December 31, 2025 and June 30, 2026. At June 30, 2026, City National’s Leverage Ratio was 9.7%, its Common Equity Tier I ratio was 15.0%, its Tier I Capital ratio was 15.0%, and its Total Risk-Based Capital ratio was 15.5%. These regulatory capital ratios are significantly above levels required to be considered “well capitalized,” which is the highest possible regulatory designation.

On May 27, 2026, the Board of Directors of the Company approved a quarterly cash dividend of $0.87 per share, payable July 31, 2026, to shareholders of record as of July 15, 2026. During the quarter ended June 30, 2026, the Company repurchased 59,156 common shares at a weighted average price of $122.46 per share as part of a one million share repurchase plan authorized by the Board of Directors in March 2026. As of June 30, 2026, the Company could repurchase approximately 926,000 shares under the current plan, which was approved by the Board of Directors on March 25, 2026 and authorizes the Company to buy back up to 1,000,000 shares of its common stock (approximately 7% of outstanding shares) in open market transactions at prices that are accretive to the earnings per share of continuing shareholders (the "2026 Program").

City National operates 95 branches across West Virginia, Kentucky, Virginia, and Ohio.

Forward-Looking Information

This news release contains certain forward-looking statements that are included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements express only management’s beliefs regarding future results or events and are subject to inherent uncertainty, risks, and changes in circumstances, many of which are outside of management’s control. Uncertainty, risks, changes in circumstances and other factors could cause the Company’s actual results to differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ from those discussed in such forward-looking statements include, but are not limited to those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 under “ITEM 1A Risk Factors” and the following: (1) general economic conditions, especially in the communities and markets in which we conduct our business; (2) credit risk, including risk that negative credit quality trends may lead to a deterioration of asset quality, risk that our allowance for credit losses may not be sufficient to absorb actual losses in our loan portfolio, and risk from concentrations in our loan portfolio; (3) changes in the real estate market, including the value of collateral securing portions of our loan portfolio; (4) changes in the interest rate environment; (5) operational risk, including cybersecurity risk and risk of fraud, data processing system failures, and network breaches; (6) changes in technology and increased competition, including competition from non-bank financial institutions or financial technology companies; (7) changes in consumer preferences, spending and borrowing habits, demand for our products and services, and customers’ performance and creditworthiness; (8) difficulty growing loan and deposit balances; (9) our ability to effectively execute our business plan, including with respect to future acquisitions; (10) changes in regulations, laws, taxes, government policies, monetary policies and accounting policies affecting bank holding companies and their subsidiaries; (11) deterioration in the financial condition of the U.S. banking system may impact the valuations of investments the Company has made in the securities of other financial institutions; (12) regulatory enforcement actions and adverse legal actions; (13) difficulty attracting and retaining key employees; and (14) other economic, competitive, technological, operational, governmental, regulatory, and market factors affecting our operations. Forward-looking statements made herein reflect management's expectations as of the date such statements are made. Such information is provided to assist stockholders and potential investors in understanding current and anticipated financial operations of the Company and is included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances that arise after the date

such statements are made. Further, the Company is required to evaluate subsequent events through the filing of its June 30, 2026 Form 10-Q. The Company will continue to evaluate the impact of any subsequent events on the preliminary June 30, 2026 results and will adjust the amounts if necessary.

CITY HOLDING COMPANY AND SUBSIDIARIES

Financial Highlights

(Unaudited)

Three Months Ended Six Months Ended

June 30, March 31, December 31, September 30, June 30, June 30, June 30,

2026 2026 2025 2025 2025 2026 2025

Earnings

Net Interest Income (fully taxable equivalent) $ 61,034 $ 59,890 $ 60,825 $ 61,294 $ 59,116 $ 120,924 $ 115,121

Net Income available to common shareholders 33,298 31,735 31,568 35,188 33,387 65,033 63,729

Per Share Data

Earnings per share available to common shareholders:

Basic $ 2.35 $ 2.20 $ 2.18 $ 2.41 $ 2.29 $ 4.55 $ 4.35

Diluted 2.35 2.20 2.18 2.41 2.29 4.55 4.35

Weighted average number of shares (in thousands):

Basic 14,046 14,270 14,359 14,457 14,466 14,151 14,541

Diluted 14,062 14,274 14,366 14,463 14,471 14,169 14,551

Period-end number of shares (in thousands) 14,052 14,111 14,354 14,495 14,495 14,052 14,495

Cash dividends declared $ 0.87 $ 0.87 $ 0.87 $ 0.87 $ 0.79 $ 1.74 $ 1.58

Book value per share (period-end) 57.57 56.29 56.41 55.12 52.72 57.57 52.72

Tangible book value per share (period-end) 46.40 45.14 45.41 44.19 41.76 46.40 41.76

Market data:

High closing price $ 134.02 $ 127.84 $ 126.71 $ 133.58 $ 123.42 $ 134.02 $ 123.42

Low closing price 120.48 116.62 117.04 118.89 108.93 116.62 108.93

Period-end closing price 132.64 119.52 119.20 123.87 122.42 132.64 122.42

Average daily volume (in thousands) 116 111 90 112 76 113 69

Treasury share activity:

Treasury shares repurchased (in thousands) 59 262 141 — 175 321 255

Average treasury share repurchase price $ 122.46 $ 117.79 $ 119.12 $ — $ 111.09 $ 118.65 $ 113.09

Key Ratios (percent)

Return on average assets 1.98 % 1.92 % 1.86 % 2.11 % 2.03 % 1.95 % 1.96 %

Return on average tangible equity 20.7 % 19.3 % 19.2 % 22.5 % 22.7 % 20.0 % 21.7 %

Yield on interest earning assets 5.24 % 5.24 % 5.29 % 5.43 % 5.38 % 5.24 % 5.36 %

Cost of interest bearing liabilities 1.75 % 1.76 % 1.87 % 1.91 % 1.95 % 1.76 % 1.99 %

Net Interest Margin 3.97 % 3.97 % 3.94 % 4.04 % 3.95 % 3.97 % 3.90 %

Non-interest income as a percent of total revenue 25.4 % 24.8 % 24.9 % 24.7 % 24.7 % 25.3 % 25.1 %

Efficiency Ratio 48.1 % 48.9 % 48.2 % 46.0 % 49.0 % 48.6 % 49.4 %

Price/Earnings Ratio (a) 14.11 13.56 13.68 12.84 13.38 14.56 14.09

Capital (period-end)

Average Shareholders' Equity to Average Assets 11.87 % 12.32 % 12.04 % 11.81 % 11.37 %

Tangible equity to tangible assets 9.85 % 9.65 % 9.93 % 9.84 % 9.40 %

Consolidated City Holding Company risk based capital ratios (b):

CET I 17.06 % 16.87 % 16.94 % 17.19 % 16.78 %

Tier I 17.06 % 16.87 % 16.94 % 17.19 % 16.78 %

Total 17.53 % 17.33 % 17.40 % 17.66 % 17.26 %

Leverage 10.97 % 10.86 % 10.96 % 11.06 % 10.70 %

City National Bank risk based capital ratios (b):

CET I 15.01 % 14.35 % 13.42 % 15.83 % 15.10 %

Tier I 15.01 % 14.35 % 13.42 % 15.83 % 15.10 %

Total 15.48 % 14.81 % 13.88 % 16.30 % 15.58 %

Leverage 9.65 % 9.23 % 8.68 % 10.18 % 9.63 %

Other (period-end)

Branches 95 96 96 96 96

FTE 924 928 934 934 934

Assets per FTE (in thousands) $ 7,333 $ 7,284 $ 7,201 $ 7,138 $ 7,064

Deposits per FTE (in thousands) 5,781 5,757 5,679 5,629 5,619

(a) The price/earnings ratio is computed based on annualized quarterly earnings.

(b) June 30, 2026 risk-based capital ratios are estimated.

CITY HOLDING COMPANY AND SUBSIDIARIES

Consolidated Statements of Income

(Unaudited) ($ in 000s, except per share data)

Three Months Ended Six Months Ended

June 30, March 31, December 31, September 30, June 30, June 30, June 30,

2026 2026 2025 2025 2025 2026 2025

Interest Income

Interest and fees on loans $ 64,584 $ 63,671 $ 64,376 $ 64,606 $ 62,588 $ 128,255 $ 123,505

Interest on investment securities:

Taxable 12,920 13,129 14,657 15,947 15,347 26,049 29,292

Tax-exempt 1,031 1,027 1,014 708 712 2,057 1,436

Interest on deposits in depository institutions 1,676 942 1,400 829 1,644 2,618 3,446

Total Interest Income 80,211 78,769 81,447 82,090 80,291 158,979 157,679

Interest Expense

Interest on deposits 14,924 14,756 15,811 16,201 16,492 29,680 33,345

Interest on customer repurchase agreements 2,959 2,844 3,493 3,196 3,307 5,803 6,476

Interest on FHLB advances 1,569 1,552 1,586 1,586 1,568 3,120 3,120

Total Interest Expense 19,452 19,152 20,890 20,983 21,367 38,603 42,941

Net Interest Income 60,759 59,617 60,557 61,107 58,924 120,376 114,738

Provision for (recovery of) credit losses 436 613 1,117 (528) (1,909) 1,049 (1,787)

Net Interest Income After (Recovery of) Provision for Credit Losses 60,323 59,004 59,440 61,635 60,833 119,327 116,525

Non-Interest Income

Net gains on sale of investment securities — — — 37 150 — 150

Unrealized gains (losses) recognized on securities still held 58 7 (416) 96 (263) 65 (268)

Service charges 7,947 7,761 8,057 8,221 7,551 15,708 15,063

Bankcard revenue 7,548 6,889 7,291 7,324 7,233 14,437 14,040

Wealth and investment management fee income 3,451 3,317 3,352 3,075 3,016 6,768 5,918

Bank owned life insurance 886 979 864 919 942 1,865 2,095

Other income 874 1,047 834 851 894 1,921 1,623

Total Non-Interest Income 20,764 20,000 19,982 20,523 19,523 40,764 38,621

Non-Interest Expense

Salaries and employee benefits 20,455 20,183 20,198 19,779 19,995 40,638 39,189

Occupancy related expense 2,428 2,632 2,316 2,340 2,316 5,060 4,898

Equipment and software related expense 3,746 3,665 3,812 3,618 3,554 7,411 7,024

Bankcard expenses 2,147 2,118 2,376 2,191 2,203 4,266 4,418

Other tax-related matters 2,438 2,681 2,312 2,104 2,327 5,119 4,589

Advertising 1,016 884 577 668 964 1,900 1,837

FDIC insurance expense 772 805 756 761 756 1,577 1,532

Legal and professional fees 612 553 552 549 651 1,165 1,233

Other expenses 6,153 6,221 6,982 6,302 6,429 12,373 12,348

Total Non-Interest Expense 39,767 39,742 39,881 38,312 39,195 79,509 77,068

Income Before Income Taxes 41,320 39,262 39,541 43,846 41,161 80,582 78,078

Income tax expense 8,022 7,527 7,973 8,658 7,774 15,549 14,349

Net Income Available to Common Shareholders $ 33,298 $ 31,735 $ 31,568 $ 35,188 $ 33,387 $ 65,033 $ 63,729

Distributed earnings allocated to common shareholders $ 12,125 $ 12,166 $ 12,372 $ 12,495 $ 11,346 $ 24,251 $ 22,691

Undistributed earnings allocated to common shareholders 20,931 19,284 18,903 22,370 21,735 40,255 40,497

Net earnings allocated to common shareholders $ 33,056 $ 31,450 $ 31,275 $ 34,865 $ 33,081 $ 64,506 $ 63,188

Average common shares outstanding 14,046 14,270 14,359 14,457 14,466 14,151 14,541

Shares for diluted earnings per share 14,062 14,274 14,366 14,463 14,471 14,169 14,551

Basic earnings per common share $ 2.35 $ 2.20 $ 2.18 $ 2.41 $ 2.29 $ 4.55 $ 4.35

Diluted earnings per common share $ 2.35 $ 2.20 $ 2.18 $ 2.41 $ 2.29 $ 4.55 $ 4.35

CITY HOLDING COMPANY AND SUBSIDIARIES

Consolidated Balance Sheets

($ in 000s)

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

June 30, March 31, December 31, September 30, June 30,

2026 2026 2025 2025 2025

Assets

Cash and due from banks $ 141,519 $ 135,816 $ 152,111 $ 129,665 $ 145,876

Interest-bearing deposits in depository institutions 125,683 163,201 39,808 95,929 26,248

Cash and cash equivalents 267,202 299,017 191,919 225,594 172,124

Investment securities available-for-sale, at fair value 1,476,725 1,441,098 1,503,358 1,510,772 1,562,423

Other securities 29,755 29,462 29,474 29,878 29,768

Total investment securities 1,506,480 1,470,560 1,532,832 1,540,650 1,592,191

Gross loans 4,501,774 4,491,592 4,503,331 4,408,230 4,333,372

Allowance for credit losses (19,839) (19,195) (19,329) (19,057) (19,101)

Net loans 4,481,935 4,472,397 4,484,002 4,389,173 4,314,271

Bank owned life insurance 125,860 124,976 124,370 123,506 122,587

Premises and equipment, net 67,190 68,740 69,133 69,539 69,038

Accrued interest receivable 21,300 21,645 20,718 21,890 21,654

Deferred tax assets, net 31,603 31,652 30,005 32,159 33,994

Goodwill and other intangible assets, net 156,895 157,383 157,871 158,414 158,957

Other assets 115,530 113,899 111,168 106,707 113,321

Total Assets $ 6,773,995 $ 6,760,269 $ 6,722,018 $ 6,667,632 $ 6,598,137

Liabilities

Deposits:

Noninterest-bearing $ 1,421,693 $ 1,410,861 $ 1,413,621 $ 1,377,313 $ 1,383,247

Interest-bearing:

Demand deposits 1,321,556 1,345,723 1,339,435 1,338,872 1,333,858

Savings deposits 1,288,260 1,276,884 1,244,571 1,238,832 1,244,179

Time deposits 1,308,641 1,310,136 1,303,361 1,302,575 1,287,536

Total deposits 5,340,150 5,343,604 5,300,988 5,257,592 5,248,820

Customer repurchase agreements 377,551 374,825 367,674 369,012 339,834

FHLB advances 150,000 150,000 150,000 150,000 150,000

Other liabilities 97,345 97,450 93,676 92,085 95,268

Total Liabilities $ 5,965,046 $ 5,965,879 $ 5,912,338 $ 5,868,689 $ 5,833,922

Stockholders' Equity

Preferred stock — — — — —

Common stock 47,619 47,619 47,619 47,619 47,619

Capital surplus 174,805 173,130 174,598 173,733 172,853

Retained earnings 975,454 954,407 935,046 915,971 893,422

Treasury stock (306,813) (299,503) (270,967) (254,153) (254,181)

Accumulated other comprehensive loss:

Unrealized loss on securities available-for-sale (81,241) (80,388) (75,741) (82,785) (94,056)

Underfunded pension liability (875) (875) (875) (1,442) (1,442)

Total Accumulated Other Comprehensive Loss (82,116) (81,263) (76,616) (84,227) (95,498)

Total Stockholders' Equity 808,949 794,390 809,680 798,943 764,215

Total Liabilities and Stockholders' Equity $ 6,773,995 $ 6,760,269 $ 6,722,018 $ 6,667,632 $ 6,598,137

Regulatory Capital

Total CET 1 capital $ 736,703 $ 720,535 $ 730,453 $ 726,739 $ 702,729

Total tier 1 capital 736,703 720,535 730,453 726,739 702,729

Total risk-based capital 757,074 740,252 750,319 746,422 722,477

Total risk-weighted assets 4,318,183 4,270,400 4,312,112 4,226,712 4,186,844

CITY HOLDING COMPANY AND SUBSIDIARIES

Loan Portfolio

(Unaudited) ($ in 000s)

June 30, March 31, December 31, September 30, June 30,

2026 2026 2025 2025 2025

Commercial and industrial $ 454,122 $ 441,617 $ 453,975 $ 426,654 $ 409,317

1-4 Family 223,301 221,165 210,232 204,280 199,400

Hotels 396,079 395,857 398,608 397,338 380,496

Multi-family 231,946 227,687 237,424 233,678 221,970

Non Residential Non-Owner Occupied 765,358 772,778 767,580 728,625 740,104

Non Residential Owner Occupied 253,471 251,382 253,398 239,058 236,935

Commercial real estate (1)

1,870,155 1,868,869 1,867,242 1,802,979 1,778,905

Residential real estate (2)

1,906,534 1,913,389 1,910,060 1,909,791 1,884,449

Home equity 231,057 224,723 224,701 218,750 207,906

Consumer 39,906 42,994 47,353 50,056 52,795

Gross Loans $ 4,501,774 $ 4,491,592 $ 4,503,331 $ 4,408,230 $ 4,333,372

Construction loans included in:

(1) - Commercial real estate loans $ 43,363 $ 39,519 $ 35,781 $ 31,892 $ 28,781

(2) - Residential real estate loans 11,144 9,612 9,907 6,785 6,416

CITY HOLDING COMPANY AND SUBSIDIARIES

Asset Quality Information

(Unaudited) ($ in 000s)

Three Months Ended Six Months Ended

June 30, March 31, December 31, September 30, June 30, June 30, June 30,

2026 2026 2025 2025 2025 2026 2025

Allowance for Loan Losses

Balance at beginning of period $ 19,195 $ 19,329 $ 19,057 $ 19,101 $ 20,956 $ 19,329 $ 21,133

Charge-offs:

Commercial and industrial (115) (4) — (7) — (119) (30)

Commercial real estate (1) (856) (27) (2) — (857) (220)

Residential real estate (147) (134) (181) (160) (49) (281) (49)

Home equity (46) (62) (102) (55) (97) (108) (98)

Consumer (97) (71) (36) (9) (36) (168) (165)

Total charge-offs (406) (1,127) (346) (233) (182) (1,533) (562)

Recoveries:

Commercial and industrial 70 5 (347) 400 15 75 52

Commercial real estate 443 235 (144) 202 51 678 81

Residential real estate 9 30 (29) 35 49 39 50

Home equity 72 90 17 64 96 162 100

Consumer 20 20 4 16 25 40 34

Total recoveries 614 380 (499) 717 236 994 317

Net recoveries (charge-offs) 208 (747) (845) 484 54 (539) (245)

Provision for (recovery of) credit losses 436 613 1,117 (528) (1,909) 1,049 (1,787)

Balance at end of period $ 19,839 $ 19,195 $ 19,329 $ 19,057 $ 19,101 $ 19,839 $ 19,101

Loans outstanding $ 4,501,774 $ 4,491,592 $ 4,503,331 $ 4,408,230 $ 4,333,372

Allowance as a percent of loans outstanding 0.44 % 0.43 % 0.43 % 0.43 % 0.44 %

Allowance as a percent of non-performing loans 196.4 % 167.1 % 138.9 % 138.2 % 135.8 %

Average loans outstanding $ 4,497,044 $ 4,491,591 $ 4,431,079 $ 4,373,773 $ 4,305,865 $ 4,494,331 $ 4,297,023

Net (recoveries) charge-offs (annualized) as a percent of average loans outstanding (0.02) % 0.07 % 0.08 % (0.04) % (0.01) % 0.02 % 0.01 %

CITY HOLDING COMPANY AND SUBSIDIARIES

Asset Quality Information, Continued

(Unaudited) ($ in 000s)

June 30, March 31, December 31, September 30, June 30,

2026 2026 2025 2025 2025

Nonaccrual Loans

Residential real estate $ 3,186 $ 4,274 $ 4,497 $ 2,624 $ 3,602

Home equity 132 313 308 498 283

Commercial and industrial 377 431 557 555 600

Commercial real estate 6,322 6,403 8,448 9,169 9,515

Consumer — 2 — — —

Total nonaccrual loans 10,017 11,423 13,810 12,846 14,000

Accruing loans past due 90 days or more 82 64 109 946 63

Total non-performing loans 10,099 11,487 13,919 13,792 14,063

Other real estate owned 495 693 482 485 185

Total Non-Performing Assets $ 10,594 $ 12,180 $ 14,401 $ 14,277 $ 14,248

Non-performing assets as a percent of loans and other real estate owned 0.24 % 0.27 % 0.32 % 0.32 % 0.33 %

Past Due Loans

Residential real estate $ 7,282 $ 6,440 $ 6,461 $ 5,635 $ 6,497

Home equity 711 840 772 651 788

Commercial and industrial — 273 279 140 —

Commercial real estate 532 670 291 1,314 202

Consumer 119 267 308 221 163

Total Past Due Loans $ 8,644 $ 8,490 $ 8,111 $ 7,961 $ 7,650

Total past due loans as a percent of loans outstanding 0.19 % 0.19 % 0.18 % 0.18 % 0.18 %

CITY HOLDING COMPANY AND SUBSIDIARIES

Consolidated Average Balance Sheets, Yields, and Rates

(Unaudited) ($ in 000s)

Three Months Ended

June 30, 2026 March 31, 2026 June 30, 2025

Average Yield/ Average Yield/ Average Yield/

Balance Interest Rate Balance Interest Rate Balance Interest Rate

Assets:

Loan portfolio (1):

Residential real estate (2)

$ 2,138,621 $ 28,665 5.38 % $ 2,136 $ 28,309 5.38 % $ 2,068 $ 27,015 5.24 %

Commercial, financial, and agriculture (2)

2,316,904 35,138 6.08 % 2,310,646 34,557 6.07 % 2,184,357 34,640 6.36 %

Installment loans to individuals (2), (3)

41,519 781 7.54 % 45,062 805 7.24 % 53,426 935 7.02 %

Total loans 4,497,044 64,584 5.76 % 4,491,591 63,671 5.75 % 4,305,865 62,590 5.83 %

Securities:

Taxable 1,325,318 12,920 3.91 % 1,357,848 13,129 3.92 % 1,416,770 15,347 4.34 %

Tax-exempt (4)

157,007 1,305 3.33 % 159,841 1,300 3.30 % 128,165 902 2.82 %

Total securities 1,482,325 14,225 3.85 % 1,517,689 14,429 3.86 % 1,544,935 16,249 4.22 %

Deposits in depository institutions 181,432 1,676 3.71 % 103,353 942 3.70 % 147,662 1,644 4.47 %

Total interest-earning assets 6,160,801 80,485 5.24 % 6,112,633 79,042 5.24 % 5,998,462 80,483 5.38 %

Cash and due from banks 105,656 96,384 94,199

Premises and equipment, net 68,421 68,933 69,523

Goodwill and intangible assets 157,083 157,616 159,164

Other assets 289,904 283,283 295,632

Less: Allowance for credit losses (19,797) (19,750) (21,459)

Total Assets $ 6,762,068 $ 6,699,099 $ 6,595,521

Liabilities:

Interest-bearing demand deposits $ 1,324,095 $ 2,784 0.84 % $ 1,326.489 $ 2,774 0.85 % $ 1,343.532 $ 3,332 0.99 %

Savings deposits 1,282,409 2,456 0.77 % 1,253,525 2,342 0.76 % 1,247,766 2,302 0.74 %

Time deposits (2)

1,309,954 9,683 2.96 % 1,307,231 9,640 2.99 % 1,283,806 10,858 3.39 %

Customer repurchase agreements 392,974 2,959 3.02 % 368,483 2,844 3.13 % 359,626 3,307 3.69 %

FHLB advances 150,000 1,569 4.20 % 150,000 1,552 4.20 % 150,000 1,568 4.19 %

Total interest-bearing liabilities 4,459,432 19,451 1.75 % 4,405,728 19,152 1.76 % 4,384,730 21,367 1.95 %

Noninterest-bearing demand deposits 1,410,471 1,380,136 1,363,481

Other liabilities 89,801 87,987 97,481

Stockholders' equity 802,364 825,248 749,830

Total Liabilities and Stockholders' Equity $ 6,762,068 $ 6,699,099 $ 6,595,522

Net Interest Income $ 61,034 $ 59,890 $ 59,116

Net Yield on Earning Assets 3.97 % 3.97 % 3.95 %

(1) For purposes of this table, non-accruing loans have been included in average balances and the following amounts (in thousands) of net loan fees have been included in interest income:

Loan fees, net $ (106) $ 53 $ 6

(2) Included in the above table are the following amounts (in thousands) for the accretion of the fair value adjustments related to the Company's acquisitions:

Residential real estate $ 46 $ 65 $ 57

Commercial, financial, and agriculture 529 440 $ 676

Installment loans to individuals 1 3 $ —

Time deposits 2 2 $ 3

Total $ 578 $ 510 $ 736

(3) Includes the Company’s consumer and DDA overdrafts loan categories.

(4) Computed on a fully federal tax-equivalent basis assuming a tax rate of approximately 21%.

CITY HOLDING COMPANY AND SUBSIDIARIES

Consolidated Average Balance Sheets, Yields, and Rates

(Unaudited) ($ in 000s)

Six Months Ended

June 30, 2026 June 30, 2025

Average Yield/ Average Yield/

Balance Interest Rate Balance Interest Rate

Assets:

Loan portfolio (1):

Residential real estate (2)

$ 2,136,121 $ 56,974 5.38 % $ 2,051,918 $ 53,137 5.22 %

Commercial, financial, and agriculture (2)

2,314,988 69,695 6.07 % 2,189,980 68,516 6.31 %

Installment loans to individuals (2), (3)

43,222 1,586 7.40 % 55,125 1,853 6.78 %

Total loans 4,494,331 128,255 5.75 % 4,297,023 123,506 5.80 %

Securities:

Taxable 1,341,493 26,049 3.92 % 1,367,994 29,292 4.32 %

Tax-exempt (4)

158,416 2,605 3.31 % 131,348 1,817 2.79 %

Total securities 1,499,909 28,653 3.85 % 1,499,342 31,109 4.18 %

Deposits in depository institutions 142,608 2,618 3.70 % 155,820 3,446 4.46 %

Total interest-earning assets 6,136,848 159,527 5.24 % 5,952,185 158,061 5.36 %

Cash and due from banks 101,046 96,508

Premises and equipment, net 68,676 69,907

Goodwill and intangible assets 157,348 159,438

Other assets 286,606 299,017

Less: Allowance for loan losses (19,767) (21,500)

Total Assets $ 6,730,757 $ 6,555,555

Liabilities:

Interest-bearing demand deposits $ 1,325,285 $ 5,558 0.85 % $ 1,339,633 $ 6,629 1.00 %

Savings deposits 1,268,047 4,798 0.76 % 1,242,470 4,573 0.74 %

Time deposits (2)

1,308,600 19,324 2.98 % 1,274,536 22,142 3.50 %

Customer repurchase agreements 380,796 5,803 3.07 % 346,666 6,476 3.77 %

FHLB advances 150,000 3,120 4.19 % 150,000 3,120 4.19 %

Total interest-bearing liabilities 4,432,728 38,603 1.76 % 4,353,305 42,940 1.99 %

Noninterest-bearing demand deposits 1,395,387 1,349,998

Other liabilities 88,899 100,872

Stockholders' equity 813,743 751,380

Total Liabilities and Stockholders' Equity $ 6,730,757 $ 6,555,555

Net Interest Income $ 120,924 $ 115,121

Net Yield on Earning Assets 3.97 % 3.90 %

(1) For purposes of this table, non-accruing loans have been included in average balances and the following amounts (in thousands) of net loan fees have been included in interest income:

Loan fees, net $ (53) $ 207

(2) Included in the above table are the following amounts (in thousands) for the accretion of the fair value adjustments related to the Company's acquisitions:

Residential real estate $ 111 $ 79

Commercial, financial, and agriculture 969 1,206

Installment loans to individuals 4 4

Time deposits 4 10

$ 1,088 $ 1,299

(3) Includes the Company’s consumer and DDA overdrafts loan categories.

(4) Computed on a fully federal tax-equivalent basis assuming a tax rate of approximately 21%.

CITY HOLDING COMPANY AND SUBSIDIARIES

Non-GAAP Reconciliations

(Unaudited) ($ in 000s, except per share data)

Three Months Ended Six Months Ended

June 30, March 31, December 31, September 30, June 30, June 30, June 30,

2026 2026 2025 2025 2025 2026 2025

Net Interest Income/Margin

Net interest income ("GAAP") $ 60,759 $ 59,617 $ 60,557 $ 61,107 $ 58,924 $ 120,376 $ 114,738

Taxable equivalent adjustment 275 273 268 187 192 548 382

Net interest income, fully taxable equivalent

$ 61,034 $ 59,890 $ 60,825 $ 61,294 $ 59,116 $ 120,924 $ 115,120

Tangible Equity Ratio (period-end)

Equity to assets ("GAAP") 11.94 % 11.75 % 12.04 % 11.98 % 11.58 %

Effect of goodwill and other intangibles, net (2.09) (2.1) (2.11) (2.14) (2.18)

Tangible common equity to tangible assets

9.85 % 9.65 % 9.93 % 9.84 % 9.40 %

Commercial Loan Information (period-end)

Commercial Sector Total % of Total Loans Average DSC Average LTV

Natural Gas Extraction $ 41,928 0.94% 3.60 NA

Natural Gas Distribution 17,753 0.40 3.08 NA

Masonry Contractors 16,365 0.37 1.04 100%

Sheet Metal Work Manufacturing 26,507 0.59 1.40 68%

Beer & Ale Merchant Wholesalers 24,653 0.55 1.59 NA

Gasoline Stations with Convenience Stores 47,505 1.06 2.02 65%

Lessors of Residential Buildings & Dwellings 510,911 11.40 1.56 66%

1-4 Family 195,204 4.36 1.82 63%

Multi-Family 205,114 4.58 1.76 68%

Lessors of Nonresidential Buildings 607,556 13.56 1.33 65%

Office Buildings 159,241 3.55 1.65 62%

Lessors of Mini-Warehouses & Self-Storage Units 55,190 1.23 1.44 64%

Assisted Living Facilities 24,998 0.56 1.58 41%

Hotels & Motels 396,475 8.85 1.75 58%

Average Balance Median Balance

Commercial Loans $ 508 $ 107

Commercial Real Estate Loans 576 136

CITY HOLDING COMPANY AND SUBSIDIARIES

Non-GAAP Reconciliations, continued

(Unaudited) ($ in 000s, except per share data)

Net Growth in DDA Accounts

Year New DDA Accounts Net Number of New Accounts Percentage

2026 16,175 2,081 0.8 %

2025 31,427 3,548 1.3 %

2024 32,238 4,497 1.8 %

2023* 31,745 4,768 1.9 %

2022 28,442 4,544 1.9 %

2021 32,800 8,860 3.8 %

2020 30,360 6,740 3.0 %

2019 32,040 3,717 1.7 %

* - amounts exclude accounts added in connection with the acquisition of Citizens Commerce Bancshares, Inc. (2023).

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