---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-000494"
form_type: "8-K"
ticker: "CHMG"
cik: "0000763563"
company_name: "CHEMUNG FINANCIAL CORP"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:48:04.094527+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Chemung Financial reports record annual EPS of $6.13; Q4 net income $1.58/share

## Summary
- Full-year net income $28.8M ($6.13 EPS) vs $26.4M ($5.64 EPS) YoY; Q4 net income $7.4M ($1.58 EPS) vs $6.5M ($1.38 EPS).
- Net interest margin expanded to 3.05% for 2022 (from 2.84%) and 3.26% for Q4 (from 2.85% prior year).
- Loans excl. PPP grew $353.6M or 23.97% YoY; non-performing loans improved to 0.45% of total loans from 0.54%.
- Allowance for loan losses decreased to $19.7M after releasing $2.4M pandemic-related portion; no pandemic reserve remains.
- Book value per share fell to $35.32 from $45.09 due to $68.7M decline in accumulated OCI from securities fair value drop.

## SEC filing metadata
- accession: 0001171843-23-000494
- form_type: 8-K
- ticker: CHMG
- cik: 0000763563
- company_name: CHEMUNG FINANCIAL CORP
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763563/000117184323000494/0001171843-23-000494-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763563/000117184323000494/f8k_012623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-000494
- JSON: https://secwatch.observer/filing/0001171843-23-000494.json
- Plain text: https://secwatch.observer/filing/0001171843-23-000494.txt

## Key facts
- Earnings Releases
  CHEMUNG FINANCIAL CORP reported three and twelve month periods ended December 31, 2022 results: net income $28.8 million, EPS $6.13 per share.
  - Period: three and twelve month periods ended December 31, 2022
  - Net income: $28.8 million
  - EPS: $6.13 per share
  - Result: reported results
  source text: On January 26, 2023, Chemung Financial Corporation (Nasdaq: CHMG) issued a press release describing its results of operations for the three and twelve month periods ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/763563/000117184323000494/0001171843-23-000494-index.htm
- Earnings Releases
  CHEMUNG FINANCIAL CORP reported fourth quarter of 2022 results: net income $7.4 million, EPS $1.58 per share.
  - Period: fourth quarter of 2022
  - Net income: $7.4 million
  - EPS: $1.58 per share
  - Result: reported results
  source text: Net income was $7.4 million, or $1.58 per share, for the fourth quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/763563/000117184323000494/0001171843-23-000494-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.