Earnings ·
Chemung Financial reports Q3 net income of $12.7 million, or $2.63 per share
CHMGChemung Financial Corp
Chemung Financial Corporation reported third-quarter 2026 net income of $12.7 million, or $2.63 per share, compared to $8.8 million, or $1.82 per share, in the prior quarter and $7.8 million, or $1.62 per share, a year earlier. Net interest income rose 13.2% to $25.7 million, driven by loan growth and higher yields, while non-interest expense declined 2.4% to $18.1 million. The company declared a quarterly dividend of $0.36 per share, reflecting a $0.02 increase from the previous quarter. Additionally, Chemung Financial completed its conversion to a national bank charter and announced plans to unify its divisions under the name Canal Bank & Trust.