Chemung Financial (CHMG) Tops Q2 EPS by 8c

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Go back to Chemung Financial (CHMG) Tops Q2 EPS by 8c

Chemung Financial Corporation Reports Second Quarter 2023 Net Income of $6.3 million, or $1.33 per Share

July 20, 2023 4:25 PM EDT

ELMIRA, N.Y., July 20, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the Corporation) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the Bank), today reported net income of $6.3 million, or $1.33 per share, for the second quarter of 2023, compared to $8.0 million, or $1.72 per share, for the second quarter of 2022, and $7.3 million, or $1.54 per share, for the first quarter of 2023.

Im pleased with the financial results for the second quarter, said Anders M. Tomson, President and CEO of Chemung Financial Corporation. Our focus on balance sheet management allowed us to drive... More