City Holding Company announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total interest income $37,053,000 against $33,884,000 a year ago. Net interest income was $32,389,000 against $30,380,000 a year ago. Net interest income after provision for loan losses was $31,967,000 against $29,079,000 a year ago. Income before income taxes was $24,641,000 against $20,994,000 a year ago. Net income available to common shareholders was $9,669,000 against $14,656,000 a year ago. Net earnings allocated to common shareholders were $9,560,000 or $0.62 per basic and diluted share against $14,479,000 or $0.97 per basic and diluted share a year ago. Return on assets and return on tangible equity were 0.94% and 9.0%, respectively.

For the year, the company reported total interest income of $142,930,000 against $132,152,000 a year ago. Net Interest Income was $126,125,000 against $118,945,000 a year ago. Net interest income after provision for loan losses was $123,119,000 against $114,550,000 a year ago. Income before income taxes was $90,745,000 against $77,211,000 a year ago. Net income available to common shareholders was $54,310,000 against $52,128,000 a year ago. Net earnings allocated to common shareholders were $53,719,000 or $3.48 per diluted share against $51,505,000 or $3.45 per diluted share a year ago. Return on assets and return on tangible equity were 1.33% and 13.1%, respectively. Book value per share was $32.17 against $29.25 per share a year ago period. Tangible book value per share was $27.14 against $24.01 per share a year ago period.

For the quarter, the company reported net charge-offs of $1,140,000 against $1,121,000 a year ago.