Chemung Financial Corporation Reports Third Quarter 2026 Net Income of $12.7 million, or $2.63 per share
Key Highlights
- ➤Q3 net income $12.7 million, or $2.63 per share, versus $7.8 million year-ago
- ➤Net interest income rose 13.2% to $25.7 million year over year
- ➤Annualized commercial loan growth reached 11.7% year to date
- ➤$2.6 million credit provision benefited from commercial loan litigation recovery
- ➤Quarterly dividend increased $0.02 to $0.36 per share, up 5.9% sequentially
Expert Statements
Anders M. Tomson, President and CEO of Chemung Financial Corporation
“Third quarter results reflect the earnings power the Corporation has built through the strategic decisions of the past year and the efforts of our team across each of our markets”
Anders M. Tomson, President and CEO of Chemung Financial Corporation
“Steady commercial loan growth and disciplined management of funding costs continue to support earnings as we navigate a dynamic interest rate environment”
Anders M. Tomson, President and CEO of Chemung Financial Corporation
“Earlier this month, we completed our conversion to a national bank charter and announced our intent to unify our three divisions under a single name, Canal Bank & Trust”
Anders M. Tomson, President and CEO of Chemung Financial Corporation
“In recent years, our footprint has grown from our roots in the Southern Tier to include the Capital Region and Western New York. Bringing those markets together under one brand reflects who we have become as an organization, one team, delivering a consistent experience to every customer we serve. While our name will change, the values that have guided us since 1833 will not”
ELMIRA, N.Y., Oct. 22, 2026 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company, National Association (the “Bank”), today reported net income of $12.7 million, or $2.63 per share, for the third quarter of 2026, compared to net income of $8.8 million, or $1.82 per share, for the second quarter of 2026, and net income of $7.8 million, or $1.62 per share, for the third quarter of 2025.
"Third quarter results reflect the earnings power the Corporation has built through the strategic decisions of the past year and the efforts of our team across each of our markets," said Anders M. Tomson, President and CEO of Chemung Financial Corporation. "Steady commercial loan growth and disciplined management of funding costs continue to support earnings as we navigate a dynamic interest rate environment," Tomson added.
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