CHEMUNG FINANCIAL CORP (CHMG) Form 8-K — Oct 22, 2026
Chemung Financial Corporation (Nasdaq: CHMG) reported Q3 2026 net income of $12.7 million, or $2.63 per share, up from $7.8 million ($1.62) a year earlier and $8.8 million ($1.82) in the prior quarter, driven by 13.2% growth in net interest income to $25.7 million and a $2.9 million loan recovery from a litigation settlement. Net interest margin expanded to 3.74% from 3.45% a year ago, and the year-to-date adjusted efficiency ratio improved 525 basis points to 58.83%. Return on average equity reached 18.36% for the quarter, and book value per share rose to $56.51 from $52.97 at year-end 2025.
Key figures
- Eps
- 2.63
- Net Income
- 12707000
- Revenue Yoy
- net interest income +13.2% YoY
- Total Assets
- 2851340000
- Cash Position
- 71839000
- Shares Outstanding
- 4840000
- Roaa
- 1.80%
- Roae
- 18.36%
- Total deposits
- $2.385 billion
- Provision credit
- -$2.6M (net recoveries incl. $2.9M litigation recovery)
- Dividend per share
- $0.36 (up $0.02, +5.9%)
- Shareholder equity
- $273.5 million
- Net interest income
- $25.7M (up 13.2% YoY)
- Nonperforming loans
- $13.8M (0.57% of loans)
- Book value per share
- $56.51
- Net interest margin fte
- 3.74%
- Tangible book value per share
- $52.00
AI analysis
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