Chemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per share [Yahoo! Finance]
Chemung Financial Corp (CHMG)
Last chemung financial corp earnings: 1/22 05:20 pm
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Source: Yahoo! Finance
Canal Trust Company (the “Bank”), today reported net income of $7.1 million, or $1.48 per share, for the first quarter of 2024, compared to $3.8 million, or $0.80 per share, for the fourth quarter of 2023, and $7.3 million, or $1.54 per share, for the first quarter of 2023. “We have started out 2024 with another strong quarter of results from our core businesses,” said Anders M. Tomson, President and CEO of the Corporation. “Improving credit metrics and 6% annualized loan growth in a challenging environment is an endorsement of our client focused business model and franchise,“ Tomson added. First Quarter Highlights: Total loans exceeded $2.0 billion for the first time in the Corporation's 190-year history, growing $30.9 million during the first quarter. Fully taxable equivalent net interest margin expanded by four basis points during the first quarter of 2024 to 2.73%, from 2.69% during the fourth quarter of 2023. Non-performing loans to total loans decreased by 14 basis poi
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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 shareGlobeNewswire
- Unveiling Chemung Financial (CHMG) Q1 Outlook: Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
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