City Holding (CHCO) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Financial Services•Banks - Regional

ExcellentMetricSide Score: 81/100

ProfitabilityProfit25/25

GrowthGrowth17/25

Balance Sheet & Red FlagsBalance18/25

Cash & Earnings QualityCash21/25

Strongest: Profitability (25/25); weakest: Growth (17/25).

Price & Volume

Market Cap $2.08B

City Holding Company operates as a financial holding company for City National Bank of West Virginia that provides banking, trust and investment management, and other financial solutions in the United States. It offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts. The company also provides commercial and industrial loans that consist of loans to corporate and other legal entity borrowers primarily in small to mid-size industrial and commercial companies; commercial real estate loans comprising commercial mortgages, which are secured by nonresidential and multi-family residential properties; residential real estate loans to consumers for the purchase or refinance of residence; first-priority home equity loans; home equity lines of credit; amortized home equity loans; consumer loans that are secured and unsecured by automobiles, boats, recreational vehicles, certificates of deposit, and other personal property; and demand deposit account overdrafts, as well as owner-occupied real estate and construction, land development, and lines of credit. In addition, it offers mortgage banking services, including fixed and adjustable-rate mortgages, construction financing, land loans, production of conventional and government-insured mortgages, secondary marketing, and mortgage servicing. Further, the company provides treasury management, lockbox, and other cash management services; merchant credit card services; wealth management, trust, investment, and custodial services for commercial and individual customers; and corporate trust and institutional custody, financial and estate planning, and retirement plan services, as well as automated-teller-machine, interactive-teller-machine, mobile banking, interactive voice response systems, and credit and debit card services. The company was founded in 1957 and is headquartered in Charleston, West Virginia.

Moat Signals

Competitive analysis based on 59 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are expanding at ~39.2%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 16.1% suggests a durable competitive advantage and efficient capital allocation.

Risk Signals

Data-driven red flags and warnings across 59 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~40.8% — no sign of cost or pricing stress.

Earnings Quality

Healthy

FCF covers net income by 1.1x on average — earnings are well-supported by cash generation.

Leverage Risk

Healthy

D/E ratio is 0.2 — conservative capital structure with low financial risk.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 2.9% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $401.25M
Q. Revenue: $98.40M
TTM EBITDA: $170.26M
TTM Op. Income: $163.81M
Q. Op. Income: $39.26M
TTM Net Income: $131.88M
Q. Net Income: $31.73M
EPS: $2.2
Shares Out.: $14.27M

$401.25M in TTM revenue grew 4.4% YoY, reaching $98.40M last quarter. TTM EBITDA of $170.26M and TTM operating income of $163.81M shows growth is flowing through. Net income of $131.88M TTM confirms the company is converting revenue into profit. Revenue is growing modestly — monitor for acceleration or deceleration. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — a improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 80.5%
EBITDA Margin: 41.0%
Op. Margin: 39.9%
Net Margin: 32.3%

Op. margin of 39.9% is up 1.5% YoY — cost efficiency is improving. Net margin at 32.3% and gross margin of 80.5% — earnings take a bigger bite when COGS stays lean.. Over the past year, Operating margin is up 4% — a improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 15.7x
P/S Ratio: 5.2x
P/B Ratio: 2.6x

At 15.7x P/E, the stock trades in line with market averages — fairly valued. P/S of 5.2x and P/B of 2.6x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory. Over the past year, P/E is up 8% — a deteriorating trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.76B
Cash: $299.02M
Long-Term Debt: $150.00M
Book Value: $794.39M
D/E Ratio: 0.2
Debt/EBITDA: 3.7

With $6.76B in assets and $150.00M in long-term debt, the D/E of 0.2and book value of $794.39M — shows a conservative capital structure — the company has a strong financial cushion to weather downturns. Over the past year, Debt/equity is down 5% — a deteriorating trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $38.01M
TTM Free Cash Flow: $134.47M
FCF Margin: 33.5%
FCF / Net Income: 1.0

TTM FCF of $134.47M on $38.01M in operating cash flow. The FCF / Net Income ratio of 1.0x means earnings are well backed by actual cash — high-quality earnings. Across the last 8 quarters, Free cash flow has risen for 2 consecutive quarters — a improving trend.