CHCOMEDIUM SIGNALFINANCIAL10-K

City National delivered solid earnings growth while meaningfully reducing its provision for credit losses, signaling improved asset quality expectations.

The substantial reduction in credit loss provisions suggests management has greater confidence in loan portfolio quality, which directly contributed to the strong 11.4% increase in net income. However, the decline in cash reserves and modest branch consolidation may indicate pressure on deposit growth or strategic repositioning in a challenging rate environment.

Comparing 2026-02-25 vs 2025-02-26View on EDGAR →
FINANCIAL ANALYSIS

CHCO showed solid fundamental performance with net income rising 11.4% to $130.5M, bolstered by a meaningful reduction in credit loss provisions from -$2.3M to -$1.3M. The company's balance sheet strengthened with stockholders equity growing 10.8% to $809.7M, though cash and equivalents declined 14.8% to $191.9M. Overall, the results reflect improved credit quality expectations and solid profitability, though lower cash levels warrant monitoring for liquidity management.

FINANCIAL STATEMENT CHANGES
Provision for Credit Losses
P&L
+45.9%
-$2.3M→-$1.3M

Credit loss provisions surged 45.9% — management flagging significant deterioration in loan quality ahead.

Cash & Equivalents
Balance Sheet
-14.8%
$225.4M→$191.9M

Cash decreased 14.8% — monitor burn rate and upcoming capital needs.

Net Income
P&L
+11.4%
$117.1M→$130.5M

Net income grew 11.4% — bottom-line growth signals improving overall business health.

Stockholders Equity
Balance Sheet
+10.8%
$730.7M→$809.7M

Equity base grew 10.8% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-02-25
PRIOR — 2025-02-26
ADDED
Such assumption shall not be deemed to be conclusive for any other purpose.) As of February 23, 2026, there were 14,350,422 shares of the Company s common stock, $2.50 par value, outstanding.
City National provides banking, wealth and investment management and other financial solutions through its network of 96 bank branches and 934 full-time equivalent associates located in West Virginia, Kentucky, Virginia and southeastern Ohio.
At December 31, 2025, approximately 52% of the Company s loan portfolio was categorized as commercial and industrial and commercial real estate.
As of December 31, 2025, City National reported $454.0 million of loans classified as "Commercial and Industrial".
As of December 31, 2025, City National reported $1.87 billion of loans classified as "Commercial Real Estate." In order to group loans with similar risk characteristics, the portfolio is further segmented by product types: Commercial 1-4 Family loans consist of residential single-family, duplex, triplex, and fourplex rental properties and totaled $210.2 million as of December 31, 2025.
The Hotel portfolio is comprised of all lodging establishments and totaled $398.6 million as of December 31, 2025.
The portfolio totaled $237.4 million as of December 31, 2025.
At December 31, 2025, the Company had $1.6 billion of commercial loans classified as non-owner occupied, which was within its designated concentration threshold.
At December 31, 2025, the outstanding balance of commercial loans to markets outside of the geographical footprint of the bank's branches was approximately $807 million, or 35% of City National's outstanding commercial loan balances as compared to $420 million, or 19%, as of December 31, 2024.
The increase from the prior year is primarily due to branch closure in Columbus, Ohio during 2025.
REMOVED
Such assumption shall not be deemed to be conclusive for any other purpose.) As of February 24, 2025, there were 14,668,119 shares of the Company s common stock, $2.50 par value, outstanding.
City National provides banking, trust and investment management and other financial solutions through its network of 97 bank branches and 941 full-time equivalent associates located in West Virginia, Kentucky, Virginia and southeastern Ohio.
At December 31, 2024, approximately 51% of the Company s loan portfolio was categorized as commercial and industrial and commercial real estate.
As of December 31, 2024, City National reported $420 million of loans classified as "Commercial and Industrial".
As of December 31, 2024, City National reported $1.77 billion of loans classified as "Commercial Real Estate." 1 In order to group loans with similar risk characteristics, the portfolio is further segmented by product types: Commercial 1-4 Family loans consist of residential single-family, duplex, triplex, and fourplex rental properties and totaled $197.3 million as of December 31, 2024.
The Hotel portfolio is comprised of all lodging establishments and totaled $389.7 million as of December 31, 2024.
The portfolio totaled $240.9 million as of December 31, 2024.
At December 31, 2024, the Company had $1.5 billion of commercial loans classified as non-owner occupied, which was within its designated concentration threshold.
At December 31, 2024, the outstanding balance of commercial loans to markets outside of the geographical footprint of the bank's branches was approximately $420 million, or 19% of City National's outstanding commercial loan balances.
Census Bureau estimates (in thousands): 2023 (Estimate) 2020 (Actual) Change % West Virginia 996.6 1,000.6 (0.4) % Kentucky 1,408.3 1,420.5 (0.9) Virginia 237.4 230.8 2.9 Lawrence County, Ohio 56.1 58.2 (3.6) U.S.
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