Recent Updates — CHMG

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.

On October 1, 2026, Chemung Canal Trust Company, the wholly owned subsidiary of Chemung Financial Corporation, completed its conversion from a New York chartered trust company to a national bank following approval by the Office of the Comptroller of the Currency. The entity will operate under the name "Chemung Canal Trust Company, National Association" and be subject to OCC supervision, while maintaining its existing corporate structure. Chemung Financial Corporation operates in the banking industry.

Chemung Financial Corporation announced a dividend increase, raising its quarterly cash dividend by $0.02 per share to $0.36 per share. This represents a 5.9% increase over the prior quarterly dividend and brings total increases since the beginning of 2025 to $0.05 per share, or 16.1%. The new dividend is payable on October 1, 2026, to common stock shareholders of record as of the close of business on September 17, 2026. Chemung Financial Corporation operates in the financial services industry as a holding company for a community bank and other financial subsidiaries.

Chemung Financial Corporation reported Second Quarter 2026 performance highlights, including a quarterly dividend of $0.34 per share. The company's net income for the second quarter was $8.8 million, with an EPS of $1.82. Net interest margin expanded to 3.67% from 3.60% in the previous quarter. Chemung Financial Corporation is a financial services holding company that operates community banking and wealth management services.

Chemung Financial Corporation reported net income of $8.8 million, or $1.82 per share, for the second quarter of 2026, a significant improvement from a net loss of $6.5 million, or $1.35 per share, for the same period in 2025. Net interest income rose 18.8% year-over-year, and the company's net interest margin expanded to 3.67%. Chemung Financial Corporation is a financial services holding company that provides community banking and wealth management services.