Chemung Financial (NASDAQ:CHMG) reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of $1.21 by 9.92 percent. This is a 22.67 percent decrease over earnings of $1.72 per share from the same period last year.
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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
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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
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Chemung Financial (NASDAQ:CHMG) reported quarterly earnings of $1.05 per share which missed the analyst consensus estimate of $1.12 by 6.25 percent. This is a 21.05 percent decrease over earnings of $1.33 per share from the same period last year.
Keefe, Bruyette & Woods analyst Christopher O'Connell maintains Chemung Financial (NASDAQ:CHMG) with a Market Perform and lowers the price target from $51 to $49.
Chemung Financial (NASDAQ:CHMG) reported quarterly earnings of $1.48 per share. This is a 3.9 percent decrease over earnings of $1.54 per share from the same period last year.
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