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CHMG-News
CHMG-Events
Chemung Financial Reports Q3 Revenue of $13.91M
Reports Q3 revenue $13.91M, consensus $31.93M. "Third quarter results reflect the earnings power the corporation has built through the strategic decisions of the past year and the efforts of our team across each of our markets," said Anders Tomson, CEO of Chemung Financial Corporation. "Steady commercial loan growth and disciplined management of funding costs continue to support earnings as we navigate a dynamic interest rate environment. Earlier this month, we completed our conversion to a national bank charter and announced our intent to unify our three divisions under a single name, Canal Bank & Trust. In recent years, our footprint has grown from our roots in the Southern Tier to include the Capital Region and Western New York. Bringing those markets together under one brand reflects who we have become as an organization, one team, delivering a consistent experience to every customer we serve. While our name will change, the values that have guided us since 1833 will not."
Chemung Financial Raises Quarterly Cash Dividend to 36 Cents
Chemung Financial's Board of Directors has approved a dividend increase of 2c per share, raising its quarterly cash dividend to 36c per share, payable on October 1, to common stock shareholders of record as of the close of business on September 17.
Company Reports Q2 Net Interest Income of $24.7M
Reports Q2 net interest income $24.7M vs. $20.8M last year. Reports Q2 net interest margin expanded 62 basis points to 3.67%. Reports total assets were $2.82B as of June 30, 2026. Reports Q2 book value per share rose to $55.88 and tangible book value per share rose to $51.37. Reports Q2 provision for credit losses was $0.6M. Reports net charge-offs were $0.2M. "One year after initiating our balance sheet repositioning, the positive trajectory of the Corporation's operating results demonstrates the effectiveness of the actions we took to enhance earnings power, improve balance sheet flexibility, and better position the organization for long-term success," said Anders Tomson, president and CEO.
Chemung Financial Reports Q1 Tangible Book Value of $49.85
Reports Q1 tangible book value per share $49.85. "Record quarterly earnings validate the Corporation's strategic initiatives in recent years, including our entrance into the Western New York market and a balance sheet repositioning in 2025, both of which significantly contributed to first quarter results," said Anders Tomson, President and CEO of Chemung Financial Corporation. "For an institution with over 190 years of history, delivering record performance can only be achieved through thoughtful execution and a sustained commitment to improvement," added Tomson.
Chemung Financial Reports Q4 Tangible Book Value of $48.43
Reports Q4 tangible book value per share $48.43. "Fourth quarter results highlight the sustained benefits of the Corporation's strategic repositioning efforts throughout the year," said Anders Tomson, president and CEO of Chemung Financial. "Meaningful expansion in net interest margin of 16 basis points compared to the prior quarter, combined with strong commercial loan growth across key markets, reflects our continued ability to support high-quality client demand while maintaining disciplined funding cost management," Tomson added.
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