Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; consumer loans, including home equity lines of credit and home equity loans; and letters of credit, wealth management, employee benefit plans, mutual fund, annuities, brokerage and services. In addition, the company provides guardian, custodian, and trustee services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts; and various investment, pension, estate planning, and employee benefit administrative services. Further, it provides securities and insurance, tax preparation, and interest rate swap services. As of February 18, 2021, the company operated through 30 branch offices located in 12 counties in New York and Bradford County in Pennsylvania. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.
IPO Year:
Exchange: NASDAQ
Website: chemungcanal.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/20/2024 | $57.00 | Neutral | Piper Sandler |
Piper Sandler resumed coverage of Chemung Financial with a rating of Neutral and set a new price target of $57.00
KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Elmira, NY-based Chemung Financial Corporation (NASDAQ:CHMG) ("the company"). In addition, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to its main subsidiary, Chemung Canal Trust Company. The Outlook for all long-term ratings is Stable. CHMG's ratings are anchored by its stable, low-cost, and granular funding base, which is supported by an extensive operating history and naturally robust market share in its Southern Tier legacy footprint. Moreover, the conservative
ELMIRA, N.Y., May 22, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.32 per share, payable on July 1, 2025, to common stock shareholders of record as of the close of business on June 17, 2025. Chemung Financial Corporation is a $2.8 billion financial services holding company headquartered in Elmira, New York and operates 30 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chemung Fina
ELMIRA, N.Y., April 18, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the "Corporation") (NASDAQ:CHMG), the parent company of Chemung Canal Trust Company (the "Bank"), today reported net income of $6.0 million, or $1.26 per share, for the first quarter of 2025, compared to $5.9 million, or $1.24 per share, for the fourth quarter of 2024, and $7.1 million, or $1.48 per share, for the first quarter of 2024. "First quarter results demonstrate steady ongoing delivery of the Corporation's strategic plan," said Anders M. Tomson, President and CEO of Chemung Financial Corporation. "Attentive balance sheet management has allowed us to effectively reduce funding costs while growing our a
ELMIRA, N.Y., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a dividend increase of $0.01 per share, equal to a quarterly cash dividend of $0.32 per share, payable on April 1, 2025, to common stock shareholders of record as of the close of business on March 18, 2025. This represents a dividend increase of 3.2%. "As a result of our Corporation's strong financial performance, we are pleased to reward our shareholders with an increase to the quarterly dividend," stated Anders M. Tomson, President and CEO of Chemung Financial Corporation. Chemung Financial Corporation is a $2.8 billion financial services
ELMIRA, N.Y., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the "Corporation") (NASDAQ:CHMG), the parent company of Chemung Canal Trust Company (the "Bank"), today reported net income of $23.7 million, or $4.96 per share, for the year ended December 31, 2024, compared to $25.0 million, or $5.28 per share, for the year ended December 31, 2023. Net income was $5.9 million, or $1.24 per share, for the fourth quarter of 2024, compared to $5.7 million, or $1.19 per share, for the third quarter of 2024, and $3.8 million, or $0.80 per share, for the fourth quarter of 2023. "A prudent and relationship-based effort to manage funding costs provided a tailwind for fourth quarter e
ELMIRA, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on January 2, 2025, to common stock shareholders of record as of the close of business on December 19, 2024. Chemung Financial Corporation is a $2.8 billion financial services holding company headquartered in Elmira, New York and operates 31 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chem
ELMIRA, N.Y., Oct. 22, 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 $5.7 million, or $1.19 per share, for the third quarter of 2024, compared to $5.0 million, or $1.05 per share, for the second quarter of 2024, and $7.6 million, or $1.61 per share, for the third quarter of 2023. "Our balance sheet is well positioned as we enter into this rate cutting cycle. We are seeing the benefit of higher yielding loans driving interest income, while funding costs continue to moderate," said Anders M. Tomson, President and CEO of Chemung Financial Corporation. "Stro
ELMIRA, N.Y., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on October 1, 2024, to common stock shareholders of record as of the close of business on September 19, 2024. Chemung Financial Corporation is a $2.8 billion financial services holding company headquartered in Elmira, New York and operates 31 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Che
ELMIRA, N.Y., July 18, 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 $5.0 million, or $1.05 per share, for the second quarter of 2024, compared to $7.1 million, or $1.48 per share, for the first quarter of 2024, and $6.3 million, or $1.33 per share, for the second quarter of 2023. "Commercial credit pipelines remain robust, especially in our Capital District and Western New York markets," said Anders M. Tomson, President and CEO of the Corporation. "Funding costs continue to remain challenging, impacting net interest income expansion commensurate with ou
ELMIRA, N.Y., May 21, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on July 1, 2024, to common stock shareholders of record as of the close of business on June 17, 2024. Chemung Financial Corporation is a $2.8 billion financial services holding company headquartered in Elmira, New York and operates 31 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chemung Fi
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
8-K - CHEMUNG FINANCIAL CORP (0000763563) (Filer)
11-K - CHEMUNG FINANCIAL CORP (0000763563) (Filer)
8-K - CHEMUNG FINANCIAL CORP (0000763563) (Filer)
8-K - CHEMUNG FINANCIAL CORP (0000763563) (Filer)
8-K - CHEMUNG FINANCIAL CORP (0000763563) (Filer)
10-Q - CHEMUNG FINANCIAL CORP (0000763563) (Filer)
DEFA14A - CHEMUNG FINANCIAL CORP (0000763563) (Filer)
DEF 14A - CHEMUNG FINANCIAL CORP (0000763563) (Filer)
8-K - CHEMUNG FINANCIAL CORP (0000763563) (Filer)
10-K - CHEMUNG FINANCIAL CORP (0000763563) (Filer)
ELMIRA, N.Y., June 02, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG), parent company of Chemung Canal Trust Company, today announced that Dale M. McKim III will join the Bank's management team as Executive Vice President, Chief Financial Officer and Treasurer. Mr. McKim will also serve as Chief Financial Officer and Treasurer of Chemung Financial Corporation. McKim brings more than 25 years of finance and risk-management experience to the Company, most recently working as Chief Risk Officer for Evans Bank and as a Partner/Senior Manager at KPMG LLP in Buffalo. He will officially join the Company on July 1, 2023, following the previously announced retirement of Karl
ELMIRA, N.Y., Jan. 08, 2021 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (NASDAQ: CHMG), the parent company of Chemung Canal Trust Company, announced today that the Board of Directors of the Corporation approved a new stock repurchase program whereby the Corporation may repurchase up to 250,000 shares of its common stock, or approximately 5% of its outstanding shares. The Corporation will not initiate the stock repurchase program until after the release of the Corporation’s year-end earnings. The repurchase program permits shares to be repurchased in open market or privately negotiated transactions, through block trades, and pursuant to any trading plan that may b
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4/A - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
4 - CHEMUNG FINANCIAL CORP (0000763563) (Issuer)
ELMIRA, N.Y., May 22, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.32 per share, payable on July 1, 2025, to common stock shareholders of record as of the close of business on June 17, 2025. Chemung Financial Corporation is a $2.8 billion financial services holding company headquartered in Elmira, New York and operates 30 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chemung Fina
ELMIRA, N.Y., April 18, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the "Corporation") (NASDAQ:CHMG), the parent company of Chemung Canal Trust Company (the "Bank"), today reported net income of $6.0 million, or $1.26 per share, for the first quarter of 2025, compared to $5.9 million, or $1.24 per share, for the fourth quarter of 2024, and $7.1 million, or $1.48 per share, for the first quarter of 2024. "First quarter results demonstrate steady ongoing delivery of the Corporation's strategic plan," said Anders M. Tomson, President and CEO of Chemung Financial Corporation. "Attentive balance sheet management has allowed us to effectively reduce funding costs while growing our a
ELMIRA, N.Y., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a dividend increase of $0.01 per share, equal to a quarterly cash dividend of $0.32 per share, payable on April 1, 2025, to common stock shareholders of record as of the close of business on March 18, 2025. This represents a dividend increase of 3.2%. "As a result of our Corporation's strong financial performance, we are pleased to reward our shareholders with an increase to the quarterly dividend," stated Anders M. Tomson, President and CEO of Chemung Financial Corporation. Chemung Financial Corporation is a $2.8 billion financial services
ELMIRA, N.Y., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the "Corporation") (NASDAQ:CHMG), the parent company of Chemung Canal Trust Company (the "Bank"), today reported net income of $23.7 million, or $4.96 per share, for the year ended December 31, 2024, compared to $25.0 million, or $5.28 per share, for the year ended December 31, 2023. Net income was $5.9 million, or $1.24 per share, for the fourth quarter of 2024, compared to $5.7 million, or $1.19 per share, for the third quarter of 2024, and $3.8 million, or $0.80 per share, for the fourth quarter of 2023. "A prudent and relationship-based effort to manage funding costs provided a tailwind for fourth quarter e
ELMIRA, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on January 2, 2025, to common stock shareholders of record as of the close of business on December 19, 2024. Chemung Financial Corporation is a $2.8 billion financial services holding company headquartered in Elmira, New York and operates 31 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chem
ELMIRA, N.Y., Oct. 22, 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 $5.7 million, or $1.19 per share, for the third quarter of 2024, compared to $5.0 million, or $1.05 per share, for the second quarter of 2024, and $7.6 million, or $1.61 per share, for the third quarter of 2023. "Our balance sheet is well positioned as we enter into this rate cutting cycle. We are seeing the benefit of higher yielding loans driving interest income, while funding costs continue to moderate," said Anders M. Tomson, President and CEO of Chemung Financial Corporation. "Stro
ELMIRA, N.Y., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on October 1, 2024, to common stock shareholders of record as of the close of business on September 19, 2024. Chemung Financial Corporation is a $2.8 billion financial services holding company headquartered in Elmira, New York and operates 31 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Che
ELMIRA, N.Y., July 18, 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 $5.0 million, or $1.05 per share, for the second quarter of 2024, compared to $7.1 million, or $1.48 per share, for the first quarter of 2024, and $6.3 million, or $1.33 per share, for the second quarter of 2023. "Commercial credit pipelines remain robust, especially in our Capital District and Western New York markets," said Anders M. Tomson, President and CEO of the Corporation. "Funding costs continue to remain challenging, impacting net interest income expansion commensurate with ou
ELMIRA, N.Y., May 21, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on July 1, 2024, to common stock shareholders of record as of the close of business on June 17, 2024. Chemung Financial Corporation is a $2.8 billion financial services holding company headquartered in Elmira, New York and operates 31 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chemung Fi
ELMIRA, N.Y., April 18, 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 $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
SC 13G/A - CHEMUNG FINANCIAL CORP (0000763563) (Subject)
SC 13G/A - CHEMUNG FINANCIAL CORP (0000763563) (Filed by)
SC 13G - CHEMUNG FINANCIAL CORP (0000763563) (Subject)
SC 13G/A - CHEMUNG FINANCIAL CORP (0000763563) (Subject)
SC 13G/A - CHEMUNG FINANCIAL CORP (0000763563) (Subject)
SC 13G/A - CHEMUNG FINANCIAL CORP (0000763563) (Filed by)
SC 13G/A - CHEMUNG FINANCIAL CORP (0000763563) (Subject)
SC 13G/A - CHEMUNG FINANCIAL CORP (0000763563) (Subject)
SC 13G/A - CHEMUNG FINANCIAL CORP (0000763563) (Subject)
SC 13G/A - CHEMUNG FINANCIAL CORP (0000763563) (Subject)