City Holding Co (NASDAQ: CHCO)

City Holding Company is a financial holding company headquartered in Charleston West Virginia. The company conducts its principal activities through its wholly owned subsidiary City National Bank of West Virginia. City National provides banking wealth and investment management and other financial solutions through a network of 96 bank branches and 934 full time equivalent associates located in West Virginia Kentucky Virginia and southeastern Ohio.

City Holding Company generates revenue mainly from interest income on its loan portfolio and from fees for deposit services treasury management merchant processing and wealth advisory activities. Additional income is derived from mortgage banking fees and wealth management asset based charges.

The company operates through the following reportable business segment: community banking.

• Community Banking includes commercial banking consumer banking mortgage banking and wealth and investment management services provided by City National Bank of West Virginia.

City Holding Company holds a modest share of deposits in the communities it serves and faces competition from national regional and local banks credit unions fintech companies and other financial service providers. Its competitive strengths stem from long standing customer relationships a deep knowledge of local economies and a disciplined approach to credit risk.

The company’s customer base consists of individual consumers small to mid sized businesses and commercial enterprises that rely on its banking lending and wealth management offerings. No single customer represents a material portion of its total deposits or loans.