CHARLESTON, W.Va. (AP) — CHARLESTON, W.Va. (AP) — City Holding Co. (CHCO) on Wednesday reported first-quarter profit of $30.1 million.
The bank, based in Charleston, West Virginia, said it had earnings of $2.06 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.
The bank holding company for City National Bank of West Virginia posted revenue of $96.1 million in the period. Its revenue net of interest expense was $74.6 million, also surpassing Street forecasts.
City Holding shares have fallen roughly 3% since the beginning of the year. The stock has climbed 11% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHCO at https://www.zacks.com/ap/CHCO
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