2023-04-25 09:08:33 ET
- City Holding press release ( NASDAQ: CHCO ): Q1 GAAP EPS of $1.63.
- Revenue of $72.14M (+30.3% Y/Y).
- Loans increased $248.4 million (6.8%) from December 31, 2022 to $3.89 billion at March 31, 2023, primarily due to the Company’s acquisition of Citizens ($254.7 million).
- The Company recorded a provision for credit losses of $2.9 million in the first quarter of 2023, compared to a recovery of credit losses of $0.8 million for the comparable period in 2022, and a provision for credit losses of $0.5 million for the fourth quarter of 2022.
- The Company’s ratio of nonperforming assets to total loans and other real estate owned remained stable at 0.17%, or $6.3 million, at December 31, 2022 and 0.17%, or $6.5 million, at March 31, 2023.
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City Holding GAAP EPS of $1.63, revenue of $72.14M