CHARLESTON, W.Va. (AP) — CHARLESTON, W.Va. (AP) — City Holding Co. (CHCO) on Thursday reported fourth-quarter earnings of $28.7 million.
The Charleston, West Virginia-based bank said it had earnings of $1.94 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.
The bank holding company for City National Bank of West Virginia posted revenue of $94.9 million in the period. Its revenue net of interest expense was $71.7 million, which did not meet Street forecasts.
For the year, the company reported profit of $117.1 million, or $7.89 per share. Revenue was reported as $293.6 million.
City Holding shares have risen slightly 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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