CHEMUNG FINANCIAL CORP (CHMG) Form 10-Q — Aug 6, 2026

$CHMGForm 10-QFiled Aug 6, 2026, 2:29 PM ET0001628280-26-054168Original filing

Chemung Financial Corporation reported Q2 2026 net income of $8.8 million, or $1.82 per share, versus a net loss of $6.5 million, or $(1.35) per share, in Q2 2025. The prior-year quarter included a $17.5 million pre-tax loss on securities sales, and on an adjusted basis net income still rose 39.4% year-over-year. Net interest income climbed 18.6% to $24.7 million as the fully taxable-equivalent net interest margin expanded to 3.67% from 3.05%, while the provision for credit losses fell 51% to $0.6 million. Net loans grew 4.3% year-to-date to $2.37 billion, led by non-owner-occupied commercial real estate lending in its Capital Bank and Canal Bank divisions.

Key figures

Eps: $1.82 (Q2 2026) vs $(1.35) (Q2 2025); $3.73 (H1 2026)
Net Income: $8.8 million (Q2 2026) vs $(6.5) million (Q2 2025); $18.0 million (H1 2026)
Total Debt: Advances and other debt $92.9 million plus subordinated debt $44.1 million
Total Assets: $2.82 billion
Cash Position: $73.1 million
Shares Outstanding: 4821472
Total Deposits: $2.36 billion, +4.1% YTD
Loans Net Of Fees: $2.37 billion, +4.3% YTD
Book Value Per Share: $55.88
Subordinated Notes: $45.0 million of 7.75% fixed-to-floating rate subordinated notes issued June 2025
Non Performing Loans: $9.2 million (0.39% of loans)
Net Interest Income Q2: $24.7 million, +18.6% YoY
Non Performing Assets: $11.2 million (0.40% of total assets)
Net Interest Margin FTE: 3.67% Q2 2026 vs 3.05% Q2 2025
Return On Average Assets: 1.27% (Q2 2026)
Return On Average Equity: 13.19% (Q2 2026)
Adjusted Net Income Growth: +39.4% YoY (Q2); +45.9% YoY (H1)
Prior Year Securities Loss: $17.5 million pre-tax loss on AFS securities sales in Q2 2025
Allowance For Credit Losses: $25.2 million (1.07% of loans)
Dividend Per Share Quarterly: $0.34
Tangible Book Value Per Share: $51.37
Provision For Credit Losses Q2: $0.6 million vs $1.1 million prior year (-51.0%)
Period End Market Value Per Share: $74.58

Price after filing

1 day: -2.0%7 days: +0.8%30 days: +2.4%

Close on the filing date to close N calendar days later (from $82.86). Historical, not a forecast.

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