Chemung Financial (CHMG) Tops Q2 EPS by 53c

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Go back to Chemung Financial (CHMG) Tops Q2 EPS by 53c

Chemung Financial Corporation Reports Second Quarter 2022 Net Income of $8.0 million, or $1.72 per Share

July 21, 2022 4:15 PM EDT

ELMIRA, N.Y., July 21, 2022 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the Corporation) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the Bank), today reported net income of $8.0 million, or $1.72 per share, for the second quarter of 2022, compared to $6.8 million, or $1.45 per share, for the second quarter of 2021.

Chemung Financial Corporation had another record quarter with earnings of $8.0 million, or $1.72 per share, stated Anders M. Tomson, President and CEO. Our results for the second quarter were driven by a meaningful increase in net interest income, supported by strong organic loan growth... More