Chemung Financial (CHMG) Tops Q2 EPS by 78c

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Go back to Chemung Financial (CHMG) Tops Q2 EPS by 78c

Chemung Financial Corporation Reports Second Quarter 2020 Net Income of $5.8 million, or $1.20 per Share

July 20, 2020 5:24 PM EDT

ELMIRA, N.Y., July 20, 2020 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the Corporation) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the Bank), today reported net income of $5.8 million, or $1.20 per share, for the second quarter of 2020, compared to $5.0 million, or $1.02 per share, for the second quarter of 2019. 

Our results in the second quarter reflected increased net interest income and a continued focus on expense management, according to Anders M. Tomson, President and CEO of Chemung Financial Corporation. Throughout the quarter, we processed a significant number of loans through the Small... More