City Holding Co. (CHCO: Quote) posted fourth quarter net income allocated to common shareholders of $10.9 million or $0.73 per share, compared to $9.6 million or $0.65 per share in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share for the quarter. Analysts’ estimates typically exclude special items.
Net interest income for the quarter increased to $25.7 million from $23.2 million in the year ago quarter, while total non-interest income for the quarter rose to $14.2 million from $12.1 million last year.
The company stated that its Board has approved a quarterly cash dividend of $0.35 per share payable on January 31, 2013, to holders of record on January 15, 2013.
Click here to receive FREE breaking news email alerts for City Holding Corp. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.comBusiness News