Chemung Financial Q1 FY26 net income rises 52.7% to $9.2 million; EPS climbs to $1.91

Chemung Financial Corporation

Chemung Financial Corporation

CHMG

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  • Chemung Financial posted first-quarter net income of $9.2 million, up 52.7%, with earnings per share rising to $1.91.
  • Net interest income climbed 19% to $23.6 million as fully taxable equivalent net interest margin widened 64 basis points to 3.6%.
  • Provision for credit losses fell 45% to $601,000, reflecting a $0.7 million recovery on a previously charged-off commercial loan.
  • Non-interest income increased 7.3% to $6.3 million, led by wealth management group fee income rising 9.7% to $3.1 million.
  • Bank filed an application on April 3, 2026 to convert from a New York chartered trust company to a national bank regulated by OCC.


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