Chemung Financial Corporation Reports Annual Net Income of $25.0 million, or $5.28 per share, and Fourth Quarter 2023 Net Income of $3.8 million, or $0.80 per share
Chemung Financial Corp (CHMG)
Last chemung financial corp earnings: 1/22 05:20 pm
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US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/100690
Company Research
Source: GlobeNewswire
ELMIRA, N.Y., Jan. 25, 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 $25.0 million, or $5.28 per share, for the year ended December 31, 2023, compared to $28.8 million, or $6.13 per share, for the year ended December 31, 2022. Net income was $3.8 million, or $0.80 per share, for the fourth quarter of 2023, compared to $7.6 million, or $1.61 per share, for the third quarter of 2023, and $7.4 million, or $1.58 per share, for the fourth quarter of 2022. "Our fourth quarter performance was challenged by certain credit related events that we do not believe are indicative of portfolio quality. Overall, our team delivered another strong year of financial results,” said Anders M. Tomson, President and CEO of the Corporation. "Net interest margins continue to stabilize in light of improved loan pricing and moderation of pressures on funding costs. Looki
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CHMG
News
- Chemung Financial Co. (NASDAQ: CHMG) had its price target lowered by analysts at Keefe, Bruyette & Woods from $51.00 to $49.00. They now have a "market perform" rating on the stock.MarketBeat
- Chemung Financial Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Chemung Financial (CHMG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
- Chemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per share [Yahoo! Finance]Yahoo! Finance
- Chemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per shareGlobeNewswire
CHMG
Earnings
- 4/18/24 - Beat
CHMG
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- CHMG's page on the SEC website