Document

“City’s financial performance in 2025 speaks for itself, but undergirding that financial performance, and less well known outside of City’s branch footprint, is a long track record of documented levels of exceptional customer service; community engagement; and strong employee morale,” said City’s President and CEO Charles Hageboeck. “Fifty years ago, there were over 14,000 banks. Today there are less than 4,000. Historically, community banks focused on customers, communities, and employees. Today, there are more large banks, and their primary focus seems to be getting bigger rather than getting better. Our view at City is that focusing on growth for the sake of growth is a recipe for bureaucracy and mediocrity. City’s profitability is among the best in the nation, and our stock price relative to book value is one of the highest in the nation. I believe that this is specifically because our focus is on growing our customer base, engaging within our communities, and striving to be a good employer. That is what I think any good community bank should be doing and is our current focus and strategy.”

The Company’s net interest income increased from $220.2 million for the year ended December 31, 2024 to $236.4 million for the year ended December 31, 2025. The Company’s tax equivalent net interest income increased $16.1 million, or 7.3%, from $221.1 million for the year ended December 31, 2024 to $237.2 million for the year ended December 31, 2025. Due to an increase in average loan balances ($220.9 million) net interest income increased by $12.8 million. Additionally, net interest income increased by $7.5 million due to a decrease in the cost of interest bearing liabilities of 12 basis points, by $3.5 million due to an increase in the average balance of investments ($75.7 million), and by $2.1 million due to an increase in the yield on investment securities of 17 basis points.

For the quarter, the Company’s net interest income decreased approximately $0.6 million, or 0.9%, from $61.1 million during the third quarter of 2025 to $60.6 million during the fourth quarter of 2025. The Company’s tax equivalent net interest income decreased $0.5 million, or 0.8%, from $61.3 million for the third quarter of 2025 to $60.8 million for the fourth quarter of 2025. This decrease was primarily due to a decrease in the yield on loans (11 basis points) which decreased net interest income by $1.1 million. In addition, net interest income decreased $0.7 million due to a decrease in the yield on investments (22 basis points) and by $0.5 million due to an increase in the average balances of interest bearing liabilities ($65.9 million). The decline in net interest income due to the decrease in the yield on investments was primarily attributable to the maturities of $150 million of swap agreements in October 2025 ($50 million) and November 2025 ($100 million). We anticipate that this decline in investment income will be essentially offset in the first quarter of 2026 by loan growth that the Company experienced late in the quarter ended December 31, 2025.

These quarterly decreases were partially offset by an increase in average loans outstanding ($57.3 million), an increase in the average balances of deposits in depository institutions ($63.3 million), and a decrease in the cost of interest bearing liabilities (4 basis points), which increased net interest income by $0.8 million, $0.7 million, and $0.6 million, respectively. The Company’s reported net interest margin decreased from 4.04% for the third quarter of 2025 to 3.94% for the fourth quarter of 2025.

As a result of the Company’s quarterly analysis of the adequacy of the Allowance for Credit Losses ("ACL"), the Company recorded a provision for credit losses of $1.1 million for the fourth quarter of 2025 and a recovery of credit losses of $1.4 million for the year ended December 31, 2025, compared to a $0.3 million provision for credit losses for the fourth quarter and a provision for credit losses of $1.8 million for the year ended December 31, 2024. The recovery of credit losses recognized during 2025 related primarily to the upgrade of a specific credit that was downgraded in the third quarter of 2023 but has since seen improved financial performance. This upgrade released $1.4 million of ACL reserves.

Non-interest expenses increased $6.9 million, or 4.7%, from $147.2 million for 2024 to $154.1 million for 2025. This increase was primarily due to an increase in salaries and employee benefit expenses ($2.8 million due to salary adjustments and increased health insurance costs); other tax-related matters ($1.3 million); and equipment and software related expense ($1.3 million). In addition, other expenses increased $1.0 million and bankcard expense increased $0.5 million. These expenses were partially offset by lower advertising expenses of $0.7 million.

City Holding Company is the parent company of City National Bank of West Virginia (“City National”). City National has borrowing facilities with the Federal Reserve Bank and the Federal Home Loan Bank that can be accessed as necessary to fund operations and to provide contingency funding. These borrowing facilities are collateralized by various loans held on City National’s balance sheet. As of December 31, 2025, City National had the capacity to borrow an additional $1.7 billion from these existing borrowing facilities. In addition, approximately $817 million of City National’s investment securities were pledged to collateralize customer repurchase agreements and various deposit accounts, leaving approximately $716 million of City National’s investment securities unpledged at December 31, 2025.

On November 18, 2025, the Company’s Board of Directors approved a quarterly cash dividend of $0.87 cents per share payable January 30, 2026, to shareholders of record as of January 15, 2026. During the year ended December 31, 2025, the Company repurchased 397,000 common shares at a weighted average price of $115.24 per share as part of a one million share repurchase plan authorized by the Board of Directors in January 2024. As of December 31, 2025, the Company could repurchase an additional approximately 424,000 shares under the current plan. City Holding Company had a cash balance of $149 million at December 31, 2025. The parent company’s annual expenditures are approximately $50 million (based on the Company’s operating expenses, contractual obligations and current quarterly dividend ($0.87 per share)).

This news release contains certain forward-looking statements that are included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements express only management’s beliefs regarding future results or events and are subject to inherent uncertainty, risks, and changes in circumstances, many of which are outside of management’s control. Uncertainty, risks, changes in circumstances and other factors could cause the Company’s actual results to differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ from those discussed in such forward-looking statements include, but are not limited to those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 under “ITEM 1A Risk Factors” and the following: (1) general economic conditions, especially in the communities and markets in which we conduct our business; (2) credit risk, including risk that negative credit quality trends may lead to a deterioration of asset quality, risk that our allowance for credit losses may not be sufficient to absorb actual losses in our loan portfolio, and risk from concentrations in our loan portfolio; (3) changes in the real estate market, including the value of collateral securing portions of our loan portfolio; (4) changes in the interest rate environment; (5) operational risk, including cybersecurity risk and risk of fraud, data processing system failures, and network breaches; (6) changes in technology and increased competition, including competition from non-bank financial institutions; (7) changes in consumer preferences,

spending and borrowing habits, demand for our products and services, and customers’ performance and creditworthiness; (8) difficulty growing loan and deposit balances; (9) our ability to effectively execute our business plan, including with respect to future acquisitions; (10) changes in regulations, laws, taxes, government policies, monetary policies and accounting policies affecting bank holding companies and their subsidiaries, including changes in deposit insurance premiums; (11) deterioration in the financial condition of the U.S. banking system may impact the valuations of investments the Company has made in the securities of other financial institutions; (12) regulatory enforcement actions and adverse legal actions; (13) difficulty attracting and retaining key employees; and (14) other economic, competitive, technological, operational, governmental, regulatory, and market factors affecting our operations. Forward-looking statements made herein reflect management's expectations as of the date such statements are made. Such information is provided to assist stockholders and potential investors in understanding current and anticipated financial operations of the Company and is included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances that arise after the date such statements are made. Further, the Company is required to evaluate subsequent events through the filing of its December 31, 2025 Form 10-K. The Company will continue to evaluate the impact of any subsequent events on the preliminary December 31, 2025 results and will adjust the amounts if necessary.


	Three Months Ended										Twelve Months Ended
	December 31,		September 30,		June 30,		March 31,		December 31,		December 31,		December 31,
	2025		2025		2025		2025		2024		2025		2024

Earnings
Net Interest Income (fully taxable equivalent)	$	60,825	$	61,294	$	59,116	$	56,007	$	55,790	$	237,242	$	221,108
Net Income available to common shareholders	31,568		35,188		33,387		30,342		28,654		130,485		117,101

Per Share Data
Earnings per share available to common shareholders:
Basic	$	2.18	$	2.41	$	2.29	$	2.06	$	1.94	$	8.94	$	7.91
Diluted	2.18		2.41		2.29		2.06		1.94		8.93		7.89
Weighted average number of shares (in thousands):
Basic	14,359		14,457		14,466		14,616		14,634		14,474		14,676
Diluted	14,366		14,463		14,471		14,631		14,655		14,482		14,697
Period-end number of shares (in thousands)	14,354		14,495		14,495		14,650		14,705		14,354		14,705
Cash dividends declared	$	0.87	$	0.87	$	0.79	$	0.79	$	0.79	$	3.32	$	3.01
Book value per share (period-end)	56.41		55.12		52.72		51.63		49.69		56.41		49.69
Tangible book value per share (period-end)	45.41		44.19		41.76		40.74		38.80		45.41		38.80
Market data:
High closing price	$	126.71	$	133.58	$	123.42	$	120.39	$	134.35	$	133.58	$	134.35
Low closing price	117.04		118.89		108.93		114.48		113.37		108.93		98.35
Period-end closing price	119.20		123.87		122.42		117.47		118.48		119.20		118.48


Average daily volume (in thousands)	90			112			76			63			53			85			57
Treasury share activity:
Treasury shares repurchased (in thousands)	141			—			175			81			—			397			179
Average treasury share repurchase price	$	119.12		$	—		$	111.09		$	117.42		$	—		$	115.24		$	100.24

Key Ratios (percent)
Return on average assets	1.86		%	2.11		%	2.03		%	1.89		%	1.75		%	1.97		%	1.85		%
Return on average tangible equity	19.2		%	22.5		%	22.7		%	20.7		%	19.4		%	21.2		%	21.2		%
Yield on interest earning assets	5.29		%	5.43		%	5.38		%	5.32		%	5.31		%	5.35		%	5.36		%
Cost of interest bearing liabilities	1.87		%	1.91		%	1.95		%	2.02		%	2.14		%	1.94		%	2.06		%
Net Interest Margin	3.94		%	4.04		%	3.95		%	3.84		%	3.75		%	3.94		%	3.86		%
Non-interest income as a percent of total revenue	24.9		%	24.7		%	24.7		%	25.1		%	25.8		%	24.7		%	25.7		%
Efficiency Ratio	48.2		%	46.0		%	49.0		%	49.6		%	48.4		%	48.2		%	48.8		%
Price/Earnings Ratio (a)	13.68			12.84			13.38			14.26			15.27			13.34			14.99

Capital (period-end)
Average Shareholders' Equity to Average Assets	12.04		%	11.81		%	11.37		%	11.56		%	11.46		%
Tangible equity to tangible assets	9.93		%	9.84		%	9.40		%	9.23		%	9.06		%
Consolidated City Holding Company risk based capital ratios (b):
CET I	16.94		%	17.19		%	16.78		%	16.84		%	16.51		%
Tier I	16.94		%	17.19		%	16.78		%	16.84		%	16.51		%
Total	17.40		%	17.66		%	17.26		%	17.36		%	17.02		%
Leverage	10.96		%	11.06		%	10.70		%	10.76		%	10.62		%
City National Bank risk based capital ratios (b):
CET I	13.42		%	15.83		%	15.10		%	14.38		%	13.55		%
Tier I	13.42		%	15.83		%	15.10		%	14.38		%	13.55		%
Total	13.88		%	16.30		%	15.58		%	14.90		%	14.05		%
Leverage	8.68		%	10.18		%	9.63		%	9.19		%	8.72		%

Other (period-end)
Branches	96			96			96			97			97
FTE	934			934			934			942			941

Assets per FTE (in thousands)	$	7,201		$	7,138		$	7,064		$	7,028		$	6,864
Deposits per FTE (in thousands)	5,679			5,629			5,619			5,580			5,467

(a) The price/earnings ratio is computed based on annualized quarterly earnings.
(b) December 31, 2025 risk-based capital ratios are estimated.


	Three Months Ended										Twelve Months Ended
	December 31,		September 30,		June 30,		March 31,		December 31,		December 31,		December 31,
	2025		2025		2025		2025		2024		2025		2024
Interest Income
Interest and fees on loans	$	64,376	$	64,606	$	62,588	$	60,917	$	61,701	$	252,487	$	241,521
Interest on investment securities:
Taxable	14,657		15,947		15,347		13,945		13,742		59,896		54,132
Tax-exempt	1,014		708		712		724		789		3,158		3,281
Interest on deposits in depository institutions	1,400		829		1,644		1,802		2,588		5,675		7,495
Total Interest Income	81,447		82,090		80,291		77,388		78,820		321,216		306,429

Interest Expense
Interest on deposits	15,811		16,201		16,492		16,852		17,463		65,356		64,529
Interest on customer repurchase agreements	3,493		3,196		3,307		3,169		4,191		13,165		15,500
Interest on FHLB long-term advances	1,586		1,586		1,568		1,552		1,586		6,292		6,163
Total Interest Expense	20,890		20,983		21,367		21,573		23,240		84,813		86,192
Net Interest Income	60,557		61,107		58,924		55,815		55,580		236,403		220,237
Provision for (Recovery of) credit losses	1,100		(500)		(2,000)		—		300		(1,400)		1,820
Net Interest Income After Provision for (Recovery of) Credit Losses	59,457		61,607		60,924		55,815		55,280		237,803		218,417

Non-Interest Income
Net gains (losses) on sale of investment securities	—		37		150		—		(2,812)		187		(2,825)
Unrealized (losses) gains recognized on securities still held	(416)		96		(263)		(5)		(390)		(588)		175
Service charges	7,713		7,852		7,264		7,151		7,679		29,980		29,225
Bankcard revenue	7,291		7,324		7,233		6,807		7,109		28,655		28,500
Wealth and investment management fee income	3,352		3,075		3,016		2,902		2,947		12,345		11,255
Bank owned life insurance	864		919		942		1,153		855		3,878		3,992
Other income	834		851		894		729		739		3,308		3,012
Total Non-Interest Income	19,638		20,154		19,236		18,737		16,127		77,765		73,334

Non-Interest Expense
Salaries and employee benefits	20,198		19,779		19,995		19,194		19,489		79,166		76,363
Occupancy related expense	2,316		2,340		2,316		2,582		2,214		9,554		9,217
Equipment and software related expense	3,812		3,618		3,554		3,470		3,683		14,454		13,173
Bankcard expenses	2,376		2,191		2,203		2,215		1,909		8,985		8,509
Other tax-related matters	2,312		2,104		2,327		2,262		1,873		9,005		7,677
Advertising	577		668		964		873		901		3,082		3,821
FDIC insurance expense	756		761		756		776		729		3,049		2,892
Legal and professional fees	552		549		651		582		629		2,334		2,162


Repossessed asset losses (gains), net of expenses	(6)		37		292		(66)		(10)		257		246
Other expenses	6,661		5,868		5,941		5,747		5,508		24,217		23,175
Total Non-Interest Expense	39,554		37,915		38,999		37,635		36,925		154,103		147,235
Income Before Income Taxes	39,541		43,846		41,161		36,917		34,482		161,465		144,516
Income tax expense	7,973		8,658		7,774		6,575		5,828		30,980		27,415
Net Income Available to Common Shareholders	$	31,568	$	35,188	$	33,387	$	30,342	$	28,654	$	130,485	$	117,101

Distributed earnings allocated to common shareholders	$	12,372	$	12,495	$	11,346	$	11,483	$	11,511	$	47,211	$	43,857
Undistributed earnings allocated to common shareholders	18,903		22,370		21,735		18,624		16,881		82,117		72,175
Net earnings allocated to common shareholders	$	31,275	$	34,865	$	33,081	$	30,107	$	28,392	$	129,328	$	116,032

Average common shares outstanding	14,359		14,457		14,466		14,616		14,634		14,474		14,676
Shares for diluted earnings per share	14,366		14,463		14,471		14,631		14,655		14,482		14,697

Basic earnings per common share	$	2.18	$	2.41	$	2.29	$	2.06	$	1.94	$	8.94	$	7.91
Diluted earnings per common share	$	2.18	$	2.41	$	2.29	$	2.06	$	1.94	$	8.93	$	7.89


			(Unaudited)		(Unaudited)		(Unaudited)
	December 31,		September 30,		June 30,		March 31,		December 31,
	2025		2025		2025		2025		2024
Assets
Cash and due from banks	$	152,111	$	129,665	$	145,876	$	135,029	$	117,580
Interest-bearing deposits in depository institutions	39,808		95,929		26,248		249,676		107,809
Cash and cash equivalents	191,919		225,594		172,124		384,705		225,389

Investment securities available-for-sale, at fair value	1,503,358		1,510,772		1,562,423		1,416,808		1,421,306
Other securities	29,474		29,878		29,768		29,809		29,803
Total investment securities	1,532,832		1,540,650		1,592,191		1,446,617		1,451,109

Gross loans	4,507,005		4,412,775		4,339,196		4,285,824		4,274,776
Allowance for credit losses	(19,862)		(19,658)		(19,724)		(21,669)		(21,922)
Net loans	4,487,143		4,393,117		4,319,472		4,264,155		4,252,854

Bank owned life insurance	124,370		123,506		122,587		121,738		120,887
Premises and equipment, net	69,133		69,539		69,038		69,696		70,539
Accrued interest receivable	20,718		21,890		21,654		21,603		20,650
Net deferred tax assets	30,005		32,159		33,994		35,184		41,704
Intangible assets	157,871		158,414		158,957		159,501		160,044
Other assets	108,027		102,763		108,120		119,757		116,283
Total Assets	$	6,722,018	$	6,667,632	$	6,598,137	$	6,622,956	$	6,459,459

Liabilities
Deposits:
Noninterest-bearing	$	1,413,621	$	1,377,313	$	1,383,247	$	1,365,870	$	1,344,449
Interest-bearing:
Demand deposits	1,339,435		1,338,872		1,333,858		1,355,806		1,335,220
Savings deposits	1,244,571		1,238,832		1,244,179		1,260,903		1,215,358
Time deposits	1,303,361		1,302,575		1,287,536		1,275,890		1,249,123
Total deposits	5,300,988		5,257,592		5,248,820		5,258,469		5,144,150

Customer repurchase agreements	367,674		369,012		339,834		347,729		325,655
FHLB long-term advances	150,000		150,000		150,000		150,000		150,000
Other liabilities	93,676		92,085		95,268		110,422		108,990
Total Liabilities	$	5,912,338	$	5,868,689	$	5,833,922	$	5,866,620	$	5,728,795


Stockholders' Equity
Preferred stock	—		—		—		—		—
Common stock	47,619		47,619		47,619		47,619		47,619
Capital surplus	174,598		173,733		172,853		174,300		176,506
Retained earnings	935,046		915,971		893,422		871,406		852,757
Treasury stock	(270,967)		(254,153)		(254,181)		(237,038)		(230,499)
Accumulated other comprehensive loss:
Unrealized loss on securities available-for-sale	(75,741)		(82,785)		(94,056)		(98,509)		(114,277)
Underfunded pension liability	(875)		(1,442)		(1,442)		(1,442)		(1,442)
Total Accumulated Other Comprehensive Loss	(76,616)		(84,227)		(95,498)		(99,951)		(115,719)
Total Stockholders' Equity	809,680		798,943		764,215		756,336		730,664
Total Liabilities and Stockholders' Equity	$	6,722,018	$	6,667,632	$	6,598,137	$	6,622,956	$	6,459,459

Regulatory Capital
Total CET 1 capital	$	730,453	$	726,739	$	702,729	$	698,721	$	688,707
Total tier 1 capital	730,453		726,739		702,729		698,721		688,707
Total risk-based capital	750,319		746,422		722,477		720,400		709,820
Total risk-weighted assets	4,312,112		4,226,712		4,186,844		4,150,062		4,171,271


	December 31,		September 30,		June 30,		March 31,		December 31,
	2025		2025		2025		2025		2024

Commercial and industrial	$	453,975	$	426,654	$	409,317	$	423,265	$	419,838

1-4 Family	210,232		204,280		199,400		195,641		197,258
Hotels	398,608		397,338		380,496		372,758		389,660
Multi-family	237,424		233,678		221,970		215,546		240,943
Non Residential Non-Owner Occupied	767,580		728,625		740,104		742,323		707,265
Non Residential Owner Occupied	253,398		239,058		236,935		232,732		233,497
Commercial real estate (1)	1,867,242		1,802,979		1,778,905		1,759,000		1,768,623

Residential real estate (2)	1,910,060		1,909,791		1,884,449		1,841,851		1,823,610
Home equity	224,701		218,750		207,906		203,253		199,192
Consumer	47,353		50,056		52,795		54,670		57,816
DDA overdrafts	3,674		4,545		5,824		3,785		5,697
Gross Loans	$	4,507,005	$	4,412,775	$	4,339,196	$	4,285,824	$	4,274,776

Construction loans included in:
(1) - Commercial real estate loans	$	35,781	$	31,892	$	28,781	$	25,683	$	24,681
(2) - Residential real estate loans	9,907		6,785		6,416		5,276		7,547


	Three Months Ended															Twelve Months Ended
	December 31,			September 30,			June 30,			March 31,			December 31,			December 31,			December 31,
	2025			2025			2025			2025			2024			2025			2024
Allowance for Loan Losses
Balance at beginning of period	$	19,658		$	19,724		$	21,669		$	21,922		$	21,832		$	21,922		$	22,745

Charge-offs:
Commercial and industrial	—			(7)			—			(30)			(99)			(37)			(672)
Commercial real estate	(27)			(2)			—			(220)			—			(249)			(1,980)
Residential real estate	(181)			(160)			(49)			—			(75)			(390)			(423)
Home equity	(102)			(55)			(97)			(1)			(23)			(255)			(228)
Consumer	(36)			(9)			(36)			(129)			(23)			(210)			(182)
DDA overdrafts	(387)			(399)			(327)			(379)			(405)			(1,492)			(1,570)
Total charge-offs	(733)			(632)			(509)			(759)			(625)			(2,633)			(5,055)

Recoveries:
Commercial and industrial	(347)			400			15			37			1			105			88
Commercial real estate	(144)			202			51			30			12			139			381
Residential real estate	(29)			35			49			1			3			56			258
Home equity	17			64			96			4			17			181			77
Consumer	4			16			25			9			15			54			162
DDA overdrafts	336			349			328			425			367			1,438			1,446
Total recoveries	(163)			1,066			564			506			415			1,973			2,412

Net (charge-offs) recoveries	(896)			434			55			(253)			(210)			(660)			(2,643)
Provision for (Recovery of) credit losses	1,100			(500)			(2,000)			—			300			(1,400)			1,820
Balance at end of period	$	19,862		$	19,658		$	19,724		$	21,669		$	21,922		$	19,862		$	21,922

Loans outstanding	$	4,507,005		$	4,412,775		$	4,339,196		$	4,285,824		$	4,274,776
Allowance as a percent of loans outstanding	0.44		%	0.45		%	0.45		%	0.51		%	0.51		%
Allowance as a percent of non-performing loans	142.7		%	142.5		%	140.3		%	135.5		%	154.3		%

Average loans outstanding	$	4,435,631		$	4,378,342		$	4,310,222		$	4,292,794		$	4,215,962		$	4,354,704		$	4,133,843
Net charge-offs (recoveries) (annualized) as a percent of average loans outstanding	0.08		%	(0.04)		%	(0.01)		%	0.02		%	0.02		%	0.02		%	0.06		%


	December 31,			September 30,			June 30,			March 31,			December 31,
	2025			2025			2025			2025			2024
Nonaccrual Loans
Residential real estate	$	4,497		$	2,624		$	3,602		$	3,226		$	2,823
Home equity	308			498			283			269			212
Commercial and industrial	557			555			600			2,781			3,161
Commercial real estate	8,448			9,169			9,515			9,692			7,833
Consumer	—			—			—			—			—
Total nonaccrual loans	13,810			12,846			14,000			15,968			14,029
Accruing loans past due 90 days or more	109			946			63			26			182
Total non-performing loans	13,919			13,792			14,063			15,994			14,211
Other real estate owned	482			485			185			457			754
Total Non-Performing Assets	$	14,401		$	14,277		$	14,248		$	16,451		$	14,965

Non-performing assets as a percent of loans and other real estate owned	0.32		%	0.32		%	0.33		%	0.38		%	0.35		%

Past Due Loans
Residential real estate	$	6,461		$	5,635		$	6,497		$	5,936		$	7,012
Home equity	772			651			788			892			902
Commercial and industrial	279			140			—			4			—
Commercial real estate	291			1,314			202			476			240
Consumer	308			221			163			9			273
DDA overdrafts	436			328			336			214			391
Total Past Due Loans	$	8,547		$	8,289		$	7,986		$	7,531		$	8,818

Total past due loans as a percent of loans outstanding	0.19		%	0.19		%	0.18		%	0.18		%	0.21		%


	Three Months Ended
	December 31, 2025						September 30, 2025						December 31, 2024
	Average				Yield/		Average				Yield/		Average				Yield/
	Balance		Interest		Rate		Balance		Interest		Rate		Balance		Interest		Rate
Assets:
Loan portfolio (1):
Residential real estate (2)	$	2,131,861	$	28,476	5.30	%	$	2,106,823	$	28,235	5.32	%	$	2,010,476	$	25,835	5.11	%
Commercial, financial, and agriculture (2)	2,250,036		35,022		6.18	%	2,215,319		35,443		6.35	%	2,141,481		34,859		6.48	%
Installment loans to individuals (2), (3)	53,734		878		6.48	%	56,200		928		6.55	%	64,005		1,007		6.26	%
Total loans	4,435,631		64,376		5.76	%	4,378,342		64,606		5.85	%	4,215,962		61,701		5.82	%
Securities:
Taxable	1,396,313		14,656		4.16	%	1,435,540		15,947		4.41	%	1,334,368		13,742		4.10	%
Tax-exempt (4)	157,476		1,283		3.23	%	127,878		895		2.78	%	154,097		999		2.58	%
Total securities	1,553,789		15,939		4.07	%	1,563,418		16,842		4.27	%	1,488,465		14,741		3.94	%
Deposits in depository institutions	138,253		1,400		4.02	%	74,918		829		4.39	%	217,056		2,588		4.74	%
Total interest-earning assets	6,127,673		81,715		5.29	%	6,016,678		82,277		5.43	%	5,921,483		79,030		5.31	%
Cash and due from banks	101,928						96,097						105,485
Premises and equipment, net	69,445						69,355						70,759
Goodwill and intangible assets	158,080						158,619						160,413
Other assets	280,293						282,993						282,298
Less: Allowance for loan losses	(19,497)						(20,109)						(22,178)
Total Assets	$	6,717,922					$	6,603,633					$	6,518,260

Liabilities:
Interest-bearing demand deposits	$	1,346,533	$	3,217	0.95	%	$	1,329,234	$	3,378	1.01	%	$	1,367,370	$	3,951	1.15	%
Savings deposits	1,239,715		2,370		0.76	%	1,241,494		2,348		0.75	%	1,204,625		2,212		0.73	%
Time deposits (2)	1,303,470		10,224		3.11	%	1,295,424		10,475		3.21	%	1,225,654		11,300		3.67	%
Customer repurchase agreements	386,270		3,493		3.59	%	343,903		3,196		3.69	%	375,304		4,191		4.44	%
FHLB long-term advances	150,000		1,586		4.19	%	150,000		1,586		4.19	%	150,000		1,586		4.21	%
Total interest-bearing liabilities	4,425,988		20,890		1.87	%	4,360,055		20,983		1.91	%	4,322,953		23,240		2.14	%
Noninterest-bearing demand deposits	1,393,103						1,374,486						1,347,457
Other liabilities	89,884						89,456						100,707
Stockholders' equity	808,947						779,636						747,143
Total Liabilities and Stockholders' Equity	$	6,717,922					$	6,603,633					$	6,518,260
Net Interest Income			$	60,825					$	61,294					$	55,790
Net Yield on Earning Assets					3.94	%					4.04	%					3.75	%

(1) For purposes of this table, non-accruing loans have been included in average balances and the following amounts (in thousands) of net loan fees have been included in interest income:
Loan fees, net			$	111					$	39					$	175


(2) Included in the above table are the following amounts (in thousands) for the accretion of the fair value adjustments related to the Company's acquisitions:
Residential real estate	$	107	$	166	$	57
Commercial, financial, and agriculture	476		535		$	802
Installment loans to individuals	4		2		$	4
Time deposits	2		3		$	12
Total	$	589	$	706	$	875

(3) Includes the Company’s consumer and DDA overdrafts loan categories.
(4) Computed on a fully federal tax-equivalent basis assuming a tax rate of approximately 21%.


	Twelve Months Ended
	December 31, 2025						December 31, 2024
	Average				Yield/		Average				Yield/
	Balance		Interest		Rate		Balance		Interest		Rate
Assets:
Loan portfolio (1):
Residential real estate (2)	$	2,086,207	$	109,849	5.27	%	$	1,978,804	$	100,401	5.07	%
Commercial, financial, and agriculture (2)	2,210,665		138,980		6.29	%	2,088,474		137,071		6.56	%
Installment loans to individuals (2), (3)	57,832		3,658		6.33	%	66,565		4,048		6.08	%

Total loans	4,354,704		252,487		5.80	%	4,133,843		241,520		5.84	%
Securities:
Taxable	1,392,157		59,896		4.30	%	1,295,289		54,132		4.18	%
Tax-exempt (4)	137,059		3,997		2.92	%	158,257		4,153		2.62	%
Total securities	1,529,216		63,893		4.18	%	1,453,546		58,285		4.01	%
Deposits in depository institutions	131,001		5,675		4.33	%	144,134		7,495		5.20	%
Total interest-earning assets	6,014,921		322,055		5.35	%	5,731,523		307,300		5.36	%
Cash and due from banks	97,771						104,575
Premises and equipment, net	69,651						71,298
Goodwill and intangible assets	158,889						161,318
Other assets	288,361						299,378
Less: Allowance for loan losses	(20,994)						(22,804)
Total Assets	$	6,608,599					$	6,345,288

Liabilities:
Interest-bearing demand deposits	$	1,338,751	$	13,224	0.99	%	$	1,323,507	$	15,335	1.16	%
Savings deposits	1,241,530		9,291		0.75	%	1,231,698		8,917		0.72	%
Time deposits (2)	1,287,094		42,841		3.33	%	1,149,773		40,277		3.50	%
Customer repurchase agreements	355,952		13,165		3.70	%	337,368		15,500		4.59	%
FHLB long-term advances	150,000		6,292		4.19	%	146,721		6,163		4.20	%
Total interest-bearing liabilities	4,373,327		84,813		1.94	%	4,189,067		86,192		2.06	%
Noninterest-bearing demand deposits	1,367,035						1,336,625
Other liabilities	95,225						107,061
Stockholders' equity	773,012						712,535
Total Liabilities and Stockholders' Equity	$	6,608,599					$	6,345,288
Net Interest Income			$	237,242					$	221,108
Net Yield on Earning Assets					3.94	%					3.86	%

(1) For purposes of this table, non-accruing loans have been included in average balances and the following amounts (in thousands) of net loan fees have been included in interest income:

Loan fees, net			$	357					$	494


	Three Months Ended															Twelve Months Ended
	December 31,			September 30,			June 30,			March 31,			December 31,			December 31,		December 31,
	2025			2025			2025			2025			2024			2025		2024
Net Interest Income/Margin
Net interest income ("GAAP")	$	60,557		$	61,107		$	58,924		$	55,815		$	55,580		$	236,403	$	220,237
Taxable equivalent adjustment	268			187			192			192			210			839		871
Net interest income, fully taxable equivalent	$	60,825		$	61,294		$	59,116		$	56,007		$	55,790		$	237,242	$	221,108

Tangible Equity Ratio (period-end)
Equity to assets ("GAAP")	12.04		%	11.98		%	11.58		%	11.41		%	11.31		%
Effect of goodwill and other intangibles, net	(2.11)			(2.14)			(2.18)			(2.18)			(2.25)
Tangible common equity to tangible assets	9.93		%	9.84		%	9.4		%	9.23		%	9.06		%


Commercial Loan Information (period-end)

Commercial Sector	Total		% of Total Loans		Average DSC	Average LTV

Natural Gas Extraction	$	48,905	1.09%		2.86	NA
Natural Gas Distribution	20,589		0.46		2.55	NA
Masonry Contractors	24,220		0.54		1.01	100%
Sheet Metal Work Manufacturing	25,453		0.57		1.40	68%
Beer & Ale Merchant Wholesalers	24,324		0.54		1.53	NA
Gasoline Stations with Convenience Stores	48,613		1.08		5.07	65%
Lessors of Residential Buildings & Dwellings	505,385		11.24		1.64	67%
1-4 Family	192,476		4.28		2.96	71%
Multi-Family	211,742		4.71		1.80	68%
Lessors of Nonresidential Buildings	634,739		14.12		1.42	65%
Office Buildings	165,866		3.69		1.65	62%
Lessors of Mini-Warehouses & Self-Storage Units	54,837		1.22		1.23	60%
Assisted Living Facilities	25,444		0.57		1.46	52%
Hotels & Motels	399,051		8.88		1.77	67%

	Average Balance		Median Balance
Commercial Loans	$	505	$	103
Commercial Real Estate Loans	572		131


CITY HOLDING COMPANY AND SUBSIDIARIES
Non-GAAP Reconciliations, continued
(Unaudited) ($ in 000s, except per share data)

Estimated Uninsured Deposits by Deposit Type
	December 31, 2025		September 30, 2025
Noninterest-Bearing Demand Deposits	16	%	17	%

Interest-Bearing Deposits
Demand Deposits	14	%	15	%
Savings Deposits	13	%	13	%
Time Deposits	17	%	17	%
Total Deposits	15	%	15	%

The amounts listed above represent management's best estimate as of the respective period shown of uninsured deposits (either with balances above $250,000 or not collateralized by investment securities).


CITY HOLDING COMPANY AND SUBSIDIARIES
Non-GAAP Reconciliations, continued
(Unaudited) ($ in 000s, except per share data)

Net Growth in DDA Accounts
Year	New DDA Accounts	Net Number of New Accounts	Percentage

2025	31,427	3,548	1.4	%
2024	32,238	4,497	1.8	%
2023*	31,745	4,768	1.9	%
2022	28,442	4,544	1.9	%
2021	32,800	8,860	3.8	%
2020	30,360	6,740	3.0	%
2019	32,040	3,717	1.7	%
2018*	30,400	4,310	2.2	%


* - amounts exclude accounts added in connection with the acquisitions of Poage Bankshares, Inc. (2018), Farmers Deposit Bancorp, Inc.(2018) and Citizens Commerce Bancshares, Inc. (2023).