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H&R Block, for the second time in a year, is finding it challenging to get out of banking.
October 6
City Holding in Charleston, W.Va., reported lower quarterly earnings.
The $3.4 billion-asset company's third-quarter profit fell 15% from a year earlier, to $11.9 million, or 76 cents a share.
Net interest income fell be 9%, to $29.5 million. Total loans rose by 3%, to $2.6 billion, but the net interest margin compressed by 52 basis points, to 3.95%.
Noninterest income was flat, at $14.5 million. Noninterest expenses decreased by 1.4%, to $24.3 million.
