Chemung Financial (CHMG) Misses Q1 EPS by 1c
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Chemung Financial Reports First Quarter 2015 Net Income of $2.3 Million, or $0.48 Per Share, on Net Interest Income of $12.3 Million
April 23, 2015 4:10 PM EDTELMIRA, N.Y., April 23, 2015 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company ("the Bank"), today reported net income of $2.3 million, or $0.48 per share, for the first quarter of 2015, compared to $2.1 million, or $0.44 per share, for the first quarter of 2014.
Ronald M. Bentley, President and CEO, stated:
"The continued growth in our commercial loan portfolio drove a $22 million increase in our loans outstanding and a 2.6% increase in net interest income. Higher revenue in our Wealth Management Group enabled us to increase our non-interest income... More
Chemung Financial Reports First Quarter 2015 Net Income of $2.3 Million, or $0.48 Per Share, on Net Interest Income of $12.3 Million
April 23, 2015 4:10 PM EDTELMIRA, N.Y., April 23, 2015 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company ("the Bank"), today reported net income of $2.3 million, or $0.48 per share, for the first quarter of 2015, compared to $2.1 million, or $0.44 per share, for the first quarter of 2014.
Ronald M. Bentley, President and CEO, stated:
"The continued growth in our commercial loan portfolio drove a $22 million increase in our loans outstanding and a 2.6% increase in net interest income. Higher revenue in our Wealth Management Group enabled us to increase our non-interest income... More
