Chemung Financial Corporation Reports Third Quarter 2024 Net Income of $5.7 million, or $1.19 per share
Chemung Financial Corp (CHMG)
Last chemung financial corp earnings: 1/22 05:20 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
ELMIRA, N.Y., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $5.7 million, or $1.19 per share, for the third quarter of 2024, compared to $5.0 million, or $1.05 per share, for the second quarter of 2024, and $7.6 million, or $1.61 per share, for the third quarter of 2023. “Our balance sheet is well positioned as we enter into this rate cutting cycle. We are seeing the benefit of higher yielding loans driving interest income, while funding costs continue to moderate,” said Anders M. Tomson, President and CEO of Chemung Financial Corporation. “Strong non-interest income production and a stable credit environment were a welcome addition to an already strong quarter,” Tomson added. "As we begin operations in our new Williamsville, New York location, we are eager to continue fostering an environment committed to our mission of community-orien
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CHMG
News
- Chemung Financial Co. (NASDAQ: CHMG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Chemung Financial Corporation Announces Quarterly DividendGlobeNewswire
- Is Chemung Financial Corp (CHMG) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Chemung Financial Co. (NASDAQ: CHMG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Should Value Investors Buy Chemung Financial Corp (CHMG) Stock? [Yahoo! Finance]Yahoo! Finance
CHMG
Earnings
- 10/22/24 - Beat
CHMG
Sec Filings
- 11/19/24 - Form 8-K
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- CHMG's page on the SEC website