Document

The Company’s net interest income increased approximately $1.8 million, or 3.0%, from $60.8 million during the second quarter of 2026 to $62.6 million during the third quarter of 2026. The Company’s tax equivalent net interest income increased approximately $1.9 million, or 3.0%, from $61.0 million for the second quarter of 2026 to $62.9 million for the third quarter of 2026. This increase was primarily due to an increase in the yield on loans (3 basis points) and an increase in the average balances of loans ($36.1 million) which increased net interest income by $1.1 million and $0.5 million, respectively. In addition, an increase in the yield on investments (5 basis points) and an increase in average investment balances ($20.7 million) increased net interest income by $0.4 million and $0.2 million, respectively. These increases were partially offset by a decrease in the average balances of deposits in depository institutions ($49.0 million) which decreased net interest income by $0.5 million. The Company’s reported net interest margin increased from 3.97% for the second quarter of 2026 to 4.04% for the third quarter of 2026.

As a result of the Company’s quarterly analysis of the adequacy of the allowance for credit losses, the Company recorded a recovery of credit losses of $0.1 million in the third quarter of 2026, compared to a recovery of credit losses of $0.5 million for the comparable period in 2025, and a provision for credit losses of $0.4 million for the second quarter of 2026. The recovery of credit losses in the third quarter of 2026 was primarily related to the upgrade of a commercial real estate loan and a marginal decrease in the historical loss rates for commercial and residential real estate loans during the quarter ended September 30, 2026. These decreases were partially offset by revisions to qualitative adjustment factors and the downgrade of a commercial loan ($0.25 million) during the quarter ended September 30, 2026.

Non-interest expenses increased $2.6 million from $38.3 million in the third quarter of 2025 to $40.9 million in the third quarter of 2026. The increase during the quarter ended September 30, 2026 was largely due to an increase in salaries and employee benefit expenses of $1.1 million due to salary adjustments, increased incentive compensation, and increased health insurance costs. In addition, other expenses increased $0.5 million and advertising expenses increased $0.4 million. For the nine months ended September 30, 2026 non-interest expenses have increased $5.0 million, or 4.4%, to $120.4 million as compared to $115.4 million for the nine months ended September 30, 2025.

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 September 30, 2026, City National had the capacity to borrow an additional $1.8 billion from these existing borrowing facilities. In addition, approximately $688 million of City National’s investment securities were pledged to collateralize customer repurchase agreements and various deposit accounts,

The Company continues to be strongly capitalized with tangible equity of $625 million at September 30, 2026. Due primarily to unrealized security losses during the nine months ended September 30, 2026, the Company’s tangible equity ratio declined from 9.9% at December 31, 2025 to 9.4% at September 30, 2026. However, unrealized security losses are not incorporated into measures of regulatory capital. At September 30, 2026, City National’s Leverage Ratio was 10.2%, its Common Equity Tier I ratio was 15.5%, its Tier I Capital ratio was 15.5%, and its Total Risk-Based Capital ratio was 15.9%. These regulatory capital ratios are significantly above levels required to be considered “well capitalized,” which is the highest possible regulatory designation.

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, 2025 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 or financial technology companies; (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; (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


	Three Months Ended															Nine Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,			September 30,			September 30,
	2026			2026			2026			2025			2025			2026			2025

Earnings
Net Interest Income (fully taxable equivalent)	$	62,870		$	61,034		$	59,890		$	60,825		$	61,294		$	183,794		$	176,416
Net Income available to common shareholders	34,609			33,298			31,735			31,568			35,188			99,642			98,917

Per Share Data
Earnings per share available to common shareholders:
Basic	$	2.44		$	2.35		$	2.20		$	2.18		$	2.41		$	6.99		$	6.76
Diluted	2.43			2.35			2.20			2.18			2.41			6.98			6.75
Weighted average number of shares (in thousands):
Basic	14,027			14,046			14,270			14,359			14,457			14,109			14,512
Diluted	14,049			14,062			14,274			14,366			14,463			14,128			14,521
Period-end number of shares (in thousands)	14,076			14,052			14,111			14,354			14,495			14,076			14,495
Cash dividends declared	$	1.00		$	0.87		$	0.87		$	0.87		$	0.87		$	2.74		$	2.45
Book value per share (period-end)	55.53			57.57			56.29			56.41			55.12			55.53			55.12
Tangible book value per share (period-end)	44.42			46.40			45.14			45.41			44.19			44.42			44.19
Market data:
High closing price	$	147.98		$	134.02		$	127.84		$	126.71		$	133.58		$	147.98		$	133.58
Low closing price	130.95			120.48			116.62			117.04			118.89			116.62			108.93
Period-end closing price	139.12			132.64			119.52			119.20			123.87			139.12			123.87
Average daily volume (in thousands)	124			116			111			90			112			117			84
Treasury share activity:
Treasury shares repurchased (in thousands)	—			59			262			141			—			321			255
Average treasury share repurchase price	$	—		$	122.46		$	117.79		$	119.12		$	—		$	118.65		$	113.09

Key Ratios (percent)
Return on average assets	2.03		%	1.98		%	1.92		%	1.86		%	2.11		%	1.98		%	2.01		%
Return on average tangible equity	20.9		%	20.7		%	19.3		%	19.2		%	22.5		%	20.3		%	22.0		%
Yield on interest earning assets	5.29		%	5.24		%	5.24		%	5.29		%	5.43		%	5.26		%	5.38		%
Cost of interest bearing liabilities	1.73		%	1.75		%	1.76		%	1.87		%	1.91		%	1.75		%	1.96		%
Net Interest Margin	4.04		%	3.97		%	3.97		%	3.94		%	4.04		%	4.00		%	3.95		%


Non-interest income as a percent of total revenue	25.4		%	25.4		%	24.8		%	24.9		%	24.7		%	25.4	%	25.1	%
Efficiency Ratio	48.0		%	48.1		%	48.9		%	48.2		%	46.0		%	48.4	%	48.3	%
Price/Earnings Ratio (a)	14.28			14.09			13.56			13.68			12.84			14.92		13.75

Capital (period-end)
Average Shareholders' Equity to Average Assets	12.03		%	11.87		%	12.32		%	12.04		%	11.81		%
Tangible equity to tangible assets	9.43		%	9.85		%	9.65		%	9.93		%	9.84		%
Consolidated City Holding Company risk based capital ratios (b):
CET I	17.14		%	17.06		%	16.87		%	16.94		%	17.19		%
Tier I	17.14		%	17.06		%	16.87		%	16.94		%	17.19		%
Total	17.60		%	17.53		%	17.33		%	17.40		%	17.66		%
Leverage	11.26		%	10.97		%	10.86		%	10.96		%	11.06		%
City National Bank risk based capital ratios (b):
CET I	15.47		%	15.01		%	14.35		%	13.42		%	15.83		%
Tier I	15.47		%	15.01		%	14.35		%	13.42		%	15.83		%
Total	15.93		%	15.48		%	14.81		%	13.88		%	16.30		%
Leverage	10.16		%	9.65		%	9.23		%	8.68		%	10.18		%

Other (period-end)
Branches	95			95			96			96			96
FTE	926			924			928			934			934

Assets per FTE (in thousands)	$	7,332		$	7,333		$	7,284		$	7,201		$	7,138
Deposits per FTE (in thousands)	5,789			5,781			5,757			5,679			5,629

(a) The price/earnings ratio is computed based on annualized quarterly earnings.
(b) September 30, 2026 risk-based capital ratios are estimated.


	Three Months Ended										Nine Months Ended
	September 30,		June 30,		March 31,		December 31,		September 30,		September 30,		September 30,
	2026		2026		2026		2025		2025		2026		2025
Interest Income
Interest and fees on loans	$	66,155	$	64,584	$	63,671	$	64,376	$	64,606	$	194,410	$	188,111
Interest on investment securities:
Taxable	13,516		12,920		13,129		14,657		15,947		39,565		45,239
Tax-exempt	1,005		1,031		1,027		1,014		708		3,063		2,144
Interest on deposits in depository institutions	1,241		1,676		942		1,400		829		3,859		4,275
Total Interest Income	81,917		80,211		78,769		81,447		82,090		240,897		239,769

Interest Expense
Interest on deposits	14,993		14,924		14,756		15,811		16,201		44,673		49,545
Interest on customer repurchase agreements	2,734		2,959		2,844		3,493		3,196		8,537		9,672
Interest on FHLB advances	1,585		1,569		1,552		1,586		1,586		4,706		4,706
Total Interest Expense	19,312		19,452		19,152		20,890		20,983		57,916		63,923
Net Interest Income	62,605		60,759		59,617		60,557		61,107		182,981		175,846
(Recovery of) provision for credit losses	(108)		436		613		1,117		(528)		941		(2,315)
Net Interest Income After (Recovery of) Provision for Credit Losses	62,713		60,323		59,004		59,440		61,635		182,040		178,161

Non-Interest Income
Net gains on sale of investment securities	—		—		—		—		37		—		187
Unrealized gains (losses) recognized on securities still held	78		58		7		(416)		96		143		(172)
Service charges	8,715		7,947		7,761		8,057		8,221		24,423		23,284
Bankcard revenue	7,425		7,548		6,889		7,291		7,324		21,862		21,364
Wealth and investment management fee income	3,398		3,451		3,317		3,352		3,075		10,166		8,993
Bank owned life insurance	969		886		979		864		919		2,834		3,014
Other income	846		874		1,047		834		851		2,767		2,474
Total Non-Interest Income	21,431		20,764		20,000		19,982		20,523		62,195		59,144

Non-Interest Expense
Salaries and employee benefits	20,920		20,455		20,183		20,198		19,779		61,558		58,968
Occupancy related expense	2,530		2,428		2,632		2,316		2,340		7,590		7,238
Equipment and software related expense	3,620		3,746		3,665		3,812		3,618		11,031		10,642
Bankcard expenses	2,380		2,147		2,118		2,376		2,191		6,645		6,609
Other tax-related matters	2,313		2,438		2,681		2,312		2,104		7,432		6,693
Advertising	1,070		1,016		884		577		668		2,970		2,505
FDIC insurance expense	777		772		805		756		761		2,354		2,293
Legal and professional fees	538		612		553		552		549		1,703		1,782
Other expenses	6,769		6,153		6,221		6,982		6,302		19,143		18,651
Total Non-Interest Expense	40,917		39,767		39,742		39,881		38,312		120,426		115,381
Income Before Income Taxes	43,227		41,320		39,262		39,541		43,846		123,809		121,924
Income tax expense	8,618		8,022		7,527		7,973		8,658		24,167		23,007
Net Income Available to Common Shareholders	$	34,609	$	33,298	$	31,735	$	31,568	$	35,188	$	99,642	$	98,917


Distributed earnings allocated to common shareholders	$	13,938	$	12,125	$	12,166	$	12,372	$	12,495	$	38,188	$	35,186
Undistributed earnings allocated to common shareholders	20,224		20,931		19,284		18,903		22,370		60,480		62,867
Net earnings allocated to common shareholders	$	34,162	$	33,056	$	31,450	$	31,275	$	34,865	$	98,668	$	98,053

Average common shares outstanding	14,027		14,046		14,270		14,359		14,457		14,109		14,512
Shares for diluted earnings per share	14,049		14,062		14,274		14,366		14,463		14,128		14,521

Basic earnings per common share	$	2.44	$	2.35	$	2.20	$	2.18	$	2.41	$	6.99	$	6.76
Diluted earnings per common share	$	2.43	$	2.35	$	2.20	$	2.18	$	2.41	$	6.98	$	6.75


	(Unaudited)		(Unaudited)		(Unaudited)				(Unaudited)
	September 30,		June 30,		March 31,		December 31,		September 30,
	2026		2026		2026		2025		2025
Assets
Cash and due from banks	$	128,273	$	141,519	$	135,816	$	152,111	$	129,665
Interest-bearing deposits in depository institutions	73,106		125,683		163,201		39,808		95,929
Cash and cash equivalents	201,379		267,202		299,017		191,919		225,594

Investment securities available-for-sale, at fair value	1,459,623		1,476,725		1,441,098		1,503,358		1,510,772
Other securities	29,845		29,755		29,462		29,474		29,878
Total investment securities	1,489,468		1,506,480		1,470,560		1,532,832		1,540,650

Gross loans	4,550,140		4,501,774		4,491,592		4,503,331		4,408,230
Allowance for credit losses	(19,624)		(19,839)		(19,195)		(19,329)		(19,057)
Net loans	4,530,516		4,481,935		4,472,397		4,484,002		4,389,173

Bank owned life insurance	126,829		125,860		124,976		124,370		123,506
Premises and equipment, net	67,046		67,190		68,740		69,133		69,539
Accrued interest receivable	22,955		21,300		21,645		20,718		21,890
Deferred tax assets, net	46,891		31,603		31,652		30,005		32,159
Goodwill and other intangible assets, net	156,407		156,895		157,383		157,871		158,414
Other assets	144,760		115,530		113,899		111,168		106,707
Total Assets	$	6,786,251	$	6,773,995	$	6,760,269	$	6,722,018	$	6,667,632

Deposits:

Noninterest-bearing	$	1,455,426	$	1,421,693	$	1,410,861	$	1,413,621	$	1,377,313
Interest-bearing:
Demand deposits	1,322,389		1,321,556		1,345,723		1,339,435		1,338,872
Savings deposits	1,294,202		1,288,260		1,276,884		1,244,571		1,238,832
Time deposits	1,286,123		1,308,641		1,310,136		1,303,361		1,302,575
Total deposits	5,358,140		5,340,150		5,343,604		5,300,988		5,257,592

Customer repurchase agreements	367,385		377,551		374,825		367,674		369,012
FHLB advances	150,000		150,000		150,000		150,000		150,000
Other liabilities	129,112		97,345		97,450		93,676		92,085
Total Liabilities	$	6,004,637	$	5,965,046	$	5,965,879	$	5,912,338	$	5,868,689


Stockholders' Equity
Preferred stock	—		—		—		—		—
Common stock	47,619		47,619		47,619		47,619		47,619
Capital surplus	172,904		174,805		173,130		174,598		173,733
Retained earnings	995,956		975,454		954,407		935,046		915,971
Treasury stock	(303,830)		(306,813)		(299,503)		(270,967)		(254,153)
Accumulated other comprehensive loss:
Unrealized loss on securities available-for-sale	(130,649)		(81,241)		(80,388)		(75,741)		(82,785)
Underfunded pension liability	(386)		(875)		(875)		(875)		(1,442)
Total Accumulated Other Comprehensive Loss	(131,035)		(82,116)		(81,263)		(76,616)		(84,227)
Total Stockholders' Equity	781,614		808,949		794,390		809,680		798,943
Total Liabilities and Stockholders' Equity	$	6,786,251	$	6,773,995	$	6,760,269	$	6,722,018	$	6,667,632

Regulatory Capital
Total CET 1 capital	$	758,756	$	736,703	$	720,535	$	730,453	$	726,739
Total tier 1 capital	758,756		736,703		720,535		730,453		726,739
Total risk-based capital	779,017		757,074		740,252		750,319		746,422
Total risk-weighted assets	4,426,072		4,318,183		4,270,400		4,312,112		4,226,712


	September 30,		June 30,		March 31,		December 31,		September 30,
	2026		2026		2026		2025		2025

Commercial and industrial	$	474,251	$	454,122	$	441,617	$	453,975	$	426,654

1-4 Family	226,367		223,301		221,165		210,232		204,280
Hotels	403,794		396,079		395,857		398,608		397,338
Multi-family	230,172		231,946		227,687		237,424		233,678
Non Residential Non-Owner Occupied	772,072		765,358		772,778		767,580		728,625
Non Residential Owner Occupied	250,683		253,471		251,382		253,398		239,058
Commercial real estate (1)	1,883,088		1,870,155		1,868,869		1,867,242		1,802,979

Residential real estate (2)	1,915,322		1,906,534		1,913,389		1,910,060		1,909,791
Home equity	239,264		231,057		224,723		224,701		218,750
Consumer	38,215		39,906		42,994		47,353		50,056
Gross Loans	$	4,550,140	$	4,501,774	$	4,491,592	$	4,503,331	$	4,408,230

Construction loans included in:
(1) - Commercial real estate loans	$	46,948	$	43,363	$	39,519	$	35,781	$	31,892
(2) - Residential real estate loans	12,753		11,144		9,612		9,907		6,785


	Three Months Ended															Nine Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,			September 30,			September 30,
	2026			2026			2026			2025			2025			2026			2025
Allowance for Loan Losses
Balance at beginning of period	$	19,839		$	19,195		$	19,329		$	19,057		$	19,101		$	19,329		$	21,133

Charge-offs:
Commercial and industrial	(2)			(115)			(4)			—			(7)			(121)			(37)
Commercial real estate	—			(1)			(856)			(27)			(2)			(857)			(222)
Residential real estate	(186)			(147)			(134)			(181)			(160)			(467)			(209)
Home equity	(74)			(46)			(62)			(102)			(55)			(182)			(153)
Consumer	(34)			(97)			(71)			(36)			(9)			(202)			(174)
Total charge-offs	(296)			(406)			(1,127)			(346)			(233)			(1,829)			(795)

Recoveries:
Commercial and industrial	5			70			5			(347)			400			80			452
Commercial real estate	6			443			235			(144)			202			684			283
Residential real estate	103			9			30			(29)			35			142			85
Home equity	26			72			90			17			64			188			164
Consumer	49			20			20			4			16			89			50
Total recoveries	189			614			380			(499)			717			1,183			1,034
Net (charge-offs) recoveries	(107)			208			(747)			(845)			484			(646)			239
(Recovery of) provision for credit losses	(108)			436			613			1,117			(528)			941			(2,315)
Balance at end of period	$	19,624		$	19,839		$	19,195		$	19,329		$	19,057		$	19,624		$	19,057

Loans outstanding	$	4,550,140		$	4,501,774		$	4,491,592		$	4,503,331		$	4,408,230
Allowance as a percent of loans outstanding	0.43		%	0.44		%	0.43		%	0.43		%	0.43		%
Allowance as a percent of non-performing loans	183.2		%	196.4		%	167.1		%	138.9		%	138.2		%

Average loans outstanding	$	4,533,120		$	4,497,044		$	4,491,591		$	4,431,079		$	4,373,773		$	4,507,404		$	4,322,888
Net charge-offs (recoveries) (annualized) as a percent of average loans outstanding	0.01		%	(0.02)		%	0.07		%	0.08		%	(0.04)		%	0.02		%	(0.01)		%


	September 30,			June 30,			March 31,			December 31,			September 30,
	2026			2026			2026			2025			2025
Nonaccrual Loans
Residential real estate	$	2,866		$	3,186		$	4,274		$	4,497		$	2,624
Home equity	250			132			313			308			498
Commercial and industrial	625			377			431			557			555
Commercial real estate	6,840			6,322			6,403			8,448			9,169
Consumer	—			—			2			—			—
Total nonaccrual loans	10,581			10,017			11,423			13,810			12,846
Accruing loans past due 90 days or more	132			82			64			109			946
Total non-performing loans	10,713			10,099			11,487			13,919			13,792
Other real estate owned	180			495			693			482			485
Total Non-Performing Assets	$	10,893		$	10,594		$	12,180		$	14,401		$	14,277

Non-performing assets as a percent of loans and other real estate owned	0.24		%	0.24		%	0.27		%	0.32		%	0.32		%

Past Due Loans
Residential real estate	$	6,807		$	7,282		$	6,440		$	6,461		$	5,635
Home equity	643			711			840			772			651
Commercial and industrial	104			—			273			279			140
Commercial real estate	557			532			670			291			1,314
Consumer	181			119			267			308			221
Total Past Due Loans	$	8,292		$	8,644		$	8,490		$	8,111		$	7,961

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


	Three Months Ended
	September 30, 2026						June 30, 2026						September 30, 2025
	Average				Yield/		Average				Yield/		Average				Yield/
	Balance		Interest		Rate		Balance		Interest		Rate		Balance		Interest		Rate
Assets:
Loan portfolio (1):
Residential real estate (2)	$	2,152,553	$	29,290	5.40	%	$	2,138,621	$	28,665	5.38	%	$	2,106,823	$	28,235	5.32	%
Commercial, financial, and agriculture (2)	2,341,437		36,047		6.11	%	2,316,904		35,138		6.08	%	2,215,319		35,443		6.35	%
Installment loans to individuals (2)	39,130		818		8.29	%	41,519		781		7.54	%	51,631		928		7.13	%
Total loans	4,533,120		66,155		5.79	%	4,497,044		64,584		5.76	%	4,373,773		64,606		5.86	%
Securities:
Taxable	1,350,579		13,516		3.97	%	1,325,318		12,920		3.91	%	1,435,540		15,947		4.41	%
Tax-exempt (3)	152,428		1,272		3.31	%	157,007		1,305		3.33	%	127,878		895		2.78	%
Total securities	1,503,007		14,788		3.90	%	1,482,325		14,225		3.85	%	1,563,418		16,842		4.27	%
Deposits in depository institutions	132,416		1,241		3.72	%	181,432		1,676		3.71	%	74,918		829		4.39	%
Total interest-earning assets	6,168,543		82,184		5.29	%	6,160,801		80,485		5.24	%	6,012,109		82,277		5.43	%
Cash and due from banks	103,504						105,656						96,097
Premises and equipment, net	67,280						68,421						69,355
Goodwill and intangible assets, net	156,594						157,083						158,619
Other assets	297,167						289,904						286,950
Less: Allowance for credit losses	(20,076)						(19,797)						(19,497)
Total Assets	$	6,773,012					$	6,762,068					$	6,603,633

Liabilities:
Interest-bearing demand deposits	$	1,321,170	$	2,958	0.89	%	$	1,324,095	$	2,784	0.84	%	$	1,329,234	$	3,378	1.01	%
Savings deposits	1,293,386		2,561		0.79	%	1,282,409		2,456		0.77	%	1,241,494		2,348		0.75	%
Time deposits (2)	1,300,452		9,476		2.89	%	1,309,954		9,683		2.96	%	1,295,424		10,475		3.21	%
Customer repurchase agreements	360,377		2,734		3.01	%	392,974		2,959		3.02	%	343,903		3,196		3.69	%
FHLB advances	150,000		1,585		4.19	%	150,000		1,569		4.20	%	150,000		1,586		4.19	%
Total interest-bearing liabilities	4,425,385		19,314		1.73	%	4,459,432		19,451		1.75	%	4,360,055		20,983		1.91	%
Noninterest-bearing demand deposits	1,438,438						1,410,471						1,374,486
Other liabilities	94,127						89,801						89,456
Stockholders' equity	815,062						802,364						779,636
Total Liabilities and Stockholders' Equity	$	6,773,012					$	6,762,068					$	6,603,633
Net Interest Income			$	62,870					$	61,034					$	61,294
Net Yield on Earning Assets					4.04	%					3.97	%					4.04	%

(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			$	(78)					$	(106)					$	39

(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			$	65					$	46					$	166
Commercial, financial, and agriculture			435						529						$	535
Installment loans to individuals			3						1						$	2
Time deposits			2						2						$	3
Total			$	505					$	578					$	706

(3) Computed on a fully federal tax-equivalent basis assuming a tax rate of approximately 21%.


	Nine Months Ended
	September 30, 2026						September 30, 2025
	Average				Yield/		Average				Yield/
	Balance		Interest		Rate		Balance		Interest		Rate
Assets:
Loan portfolio (1):
Residential real estate (2)	$	2,145,391	$	86,264	5.38	%	$	2,068,502	$	81,373	5.26	%
Commercial, financial, and agriculture (2)	2,320,141		105,742		6.09	%	2,200,471		103,959		6.32	%
Installment loans to individuals (2)	41,872		2,404		7.68	%	53,915		2,779		6.89	%
Total loans	4,507,404		194,410		5.77	%	4,322,888		188,111		5.82	%
Securities:
Taxable	1,344,555		39,565		3.93	%	1,390,756		45,239		4.35	%
Tax-exempt (3)	156,398		3,877		3.31	%	130,179		2,714		2.79	%
Total securities	1,500,953		43,442		3.87	%	1,520,935		47,953		4.22	%
Deposits in depository institutions	139,173		3,859		3.71	%	128,556		4,275		4.45	%
Total interest-earning assets	6,147,530		241,711		5.26	%	5,972,379		240,339		5.38	%
Cash and due from banks	101,874						96,370
Premises and equipment, net	68,206						69,721
Goodwill and intangible assets, net	157,094						159,162
Other assets	290,526						294,930
Less: Allowance for credit losses	(20,232)						(20,805)
Total Assets	$	6,744,998					$	6,571,757

Liabilities:
Interest-bearing demand deposits	$	1,323,899	$	8,516	0.86	%	$	1,336,129	$	10,007	1.00	%
Savings deposits	1,276,586		7,359		0.77	%	1,242,141		6,921		0.74	%
Time deposits (2)	1,305,854		28,799		2.95	%	1,281,575		32,616		3.40	%
Customer repurchase agreements	373,915		8,537		3.05	%	345,735		9,672		3.74	%
FHLB advances	150,000		4,706		4.19	%	150,000		4,707		4.20	%
Total interest-bearing liabilities	4,430,254		57,917		1.75	%	4,355,580		63,923		1.96	%
Noninterest-bearing demand deposits	1,409,895						1,358,250
Other liabilities	90,661						97,024
Stockholders' equity	814,188						760,903
Total Liabilities and Stockholders' Equity	$	6,744,998					$	6,571,757
Net Interest Income			$	183,794					$	176,416
Net Yield on Earning Assets					4.00	%					3.95	%

(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			$	(131)					$	246

(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			$	176					$	245
Commercial, financial, and agriculture			1,403						1,741
Installment loans to individuals			7						6
Time deposits			6						13
			$	1,592					$	2,005

(3) Computed on a fully federal tax-equivalent basis assuming a tax rate of approximately 21%.


	Three Months Ended															Nine Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,			September 30,		September 30,
	2026			2026			2026			2025			2025			2026		2025
Net Interest Income/Margin
Net interest income ("GAAP")	$	62,605		$	60,759		$	59,617		$	60,557		$	61,107		$	182,981	$	175,846
Taxable equivalent adjustment	265			275			273			268			187			813		570
Net interest income, fully taxable equivalent	$	62,870		$	61,034		$	59,890		$	60,825		$	61,294		$	183,794	$	176,416

Tangible Equity Ratio (period-end)
Equity to assets ("GAAP")	11.52		%	11.94		%	11.75		%	12.04		%	11.98		%
Effect of goodwill and other intangibles, net	(2.09)			(2.09)			(2.10)			(2.11)			(2.14)
Tangible common equity to tangible assets	9.43		%	9.85		%	9.65		%	9.93		%	9.84		%


Commercial Loan Information (period-end)

Commercial Sector	Total		% of Total Loans		Average DSC	Average LTV

Natural Gas Extraction	$	63,211	1.39%		3.60	NA
Natural Gas Distribution	18,130		0.40		3.08	NA
Masonry Contractors	18,460		0.41		1.04	100%
Sheet Metal Work Manufacturing	26,437		0.58		1.40	68%
Beer & Ale Merchant Wholesalers	24,590		0.54		1.59	NA
Gasoline Stations with Convenience Stores	44,987		0.99		2.02	65%
Lessors of Residential Buildings & Dwellings	511,898		11.27		1.56	66%
1-4 Family	193,595		4.26		1.82	63%
Multi-Family	205,768		4.53		1.76	68%
Lessors of Nonresidential Buildings	620,918		13.68		1.33	65%
Office Buildings	158,469		3.49		1.65	62%
Lessors of Mini-Warehouses & Self-Storage Units	54,735		1.21		1.44	64%
Assisted Living Facilities	24,773		0.55		1.58	41%
Hotels & Motels	404,188		8.90		1.75	58%

	Average Balance		Median Balance
Commercial, Financial, and Agriculture Loans	$	516	$	107
Commercial Real Estate Loans	582		137


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

2026	24,391	2,995	1.1%
2025	31,427	3,548	1.3%
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%


* - amounts exclude accounts added in connection with the acquisition of Citizens Commerce Bancshares, Inc. (2023).