Chemung Financial Posts $12.7M Third-Quarter Net Income
CHMG sits 66% above its 52-week low of $50.05.
Summary
Chemung Financial reported third-quarter net income of $12.7 million, or $2.63 per share, with net interest income of USD 25.674 Million. That is a step up from the $8.8 million it earned in Q2 2026, which itself marked a rebound from a year-ago loss. The beat was helped by commercial loan growth, and the bank is coming off a quarter in which higher net interest income and lower credit costs drove the recovery; its Chemung Canal Trust unit completed its conversion to a national bank charter on October 1. Shares are trading near the 52-week high of $86, so the print lands with expectations already elevated. The headline carries no revenue or margin figures, so the quality of the beat versus consensus is not yet clear from this item alone.
At the time of this announcement, CHMG was trading at $83.23 on NASDAQ in the Finance sector, with a market capitalization of approximately $401.3M. The 52-week trading range was $50.05 to $86.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.