Chemung Financial

Chemung Financial Corp. operates as a holding company. It operates through following segments: Core Banking and Wealth Management Services (WMG). The Core Banking segment attracts deposits from the general public and using such funds to originate consumer, commercial, commercial real estate, and residential mortgage loans, primarily in the local markets of the firm and to invest in securities. The WMG segment provides trust and investment advisory services to clients. The company was founded on January 2, 1985 and is headquartered in Elmira, NY.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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Chemung Financial Corp. is a holding company, which engages in the provision of banking, financing, fiduciary, and other financial services. It operates through the Core Banking and Wealth Management Services (WMG) segments. The Core Banking segment attracts deposits from the general public to originate consumer, commercial, commercial real estate, and residential mortgage loans, primarily in the local markets of the firm and to invest in securities. The WMG segment provides trust and investment advisory services to clients. The company was founded on January 2, 1985 and is headquartered in Elmira, NY.

Although the revenue and EPS for Chemung Financial (CHMG) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Chemung Financial (CHMG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Chemung Financial (CHMG) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $1.54 per share a year ago.

Chemung Financial (CHMG) Q1 Earnings and Revenues Top Estimates

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.

Chemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per share

Get a deeper insight into the potential performance of Chemung Financial (CHMG) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Unveiling Chemung Financial (CHMG) Q1 Outlook: Wall Street Estimates for Key Metrics

ELMIRA, N.Y., Feb. 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 April 1, 2024, to common stock shareholders of record as of the close of business on March 18, 2024.

Chemung Financial Corporation Announces Quarterly Dividend

While the top- and bottom-line numbers for Chemung Financial (CHMG) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Chemung Financial (CHMG) Reports Q4 Earnings: What Key Metrics Have to Say

Chemung Financial (CHMG) came out with quarterly earnings of $0.81 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.58 per share a year ago.

Chemung Financial (CHMG) Q4 Earnings Lag Estimates

Chemung Financial Corporation Reports Annual Net Income of $25.0 million, or $5.28 per share, and Fourth Quarter 2023 Net Income of $3.8 million, or $0.80

Chemung Financial Corporation Reports Annual Net Income of $25.0 million, or $5.28 per share, and Fourth Quarter 2023 Net Income of $3.8 million, or $0.80 per share

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Chemung Financial Corp (CHMG) Right Now?

Chemung Financial (CHMG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Chemung Financial (CHMG) Could Beat Earnings Estimates Again

Should Value Investors Buy Chemung Financial Corp (CHMG) Stock?

Chemung Financial (CHMG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Chemung Financial (CHMG) a New Buy Stock

Chemung Financial (CHMG) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.37 per share a year ago.

Chemung Financial (CHMG) Q3 Earnings and Revenues Surpass Estimates

The headline numbers for Chemung Financial (CHMG) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Chemung Financial (CHMG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

ELMIRA, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $7.6 million, or $1.61 per share, for the third quarter of 2023, compared to $6.5 million, or $1.37 per share, for the third quarter of 2022, and $6.3 million, or $1.33 per share, for the second quarter of 2023.

Chemung Financial Corporation Reports Third Quarter 2023 Net Income of $7.6 million, or $1.61 per Share

Although the revenue and EPS for Chemung Financial (CHMG) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Chemung Financial (CHMG) Q2 Earnings: A Look at Key Metrics

Chemung Financial (CHMG) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.71 per share a year ago.

Chemung Financial (CHMG) Tops Q2 Earnings Estimates

ELMIRA, N.Y., July 20, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $6.3 million, or $1.33 per share, for the second quarter of 2023, compared to $8.0 million, or $1.72 per share, for the second quarter of 2022, and $7.3 million, or $1.54 per share, for the first quarter of 2023.

Chemung Financial Corporation Reports Second Quarter 2023 Net Income of $6.3 million, or $1.33 per Share

Chemung Financial (CHMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Chemung Financial (CHMG) Q2 Earnings Expected to Decline

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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.

Chemung Canal Trust Company Appoints New Executive Vice President, Chief Financial Officer & Treasurer

ELMIRA, N.Y., April 20, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $7.3 million, or $1.54 per share, for the first quarter of 2023, compared to $6.9 million, or $1.46 per share, for the first quarter of 2022.

Chemung Financial Corporation Reports First Quarter 2023 Net Income of $7.3 million, or $1.54 per Share

Analysts Estimate Chemung Financial (CHMG) to Report a Decline in Earnings: What to Look Out for

Chemung Financial (CHMG) delivered earnings and revenue surprises of 8.22% and 6.82%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Chemung Financial Stock (CHMG)