---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002439"
form_type: "8-K"
ticker: "CHMG"
cik: "0000763563"
company_name: "CHEMUNG FINANCIAL CORP"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:04:11.036412+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Chemung Financial Q1 net income $7.3M ($1.54/sh), up from $6.9M; loans grow 2.4%

## Summary
- Net income $7.3M ($1.54/sh) vs $6.9M ($1.46/sh) in Q1 2022; third-highest quarterly earnings ever.
- Net interest income $19.9M, up 19.6% YoY, driven by loan growth and rising rates.
- Non-performing loans declined to 0.41% of loans; tangible book value per share rose $2.22 to $32.91.
- Loans grew $44.3M (2.4%) from Dec 31, 2022; total assets $2.654B.
- Uninsured deposits 21.2% of total; unused FHLBNY borrowing capacity $111M; no BTFP utilization.

## SEC filing metadata
- accession: 0001171843-23-002439
- form_type: 8-K
- ticker: CHMG
- cik: 0000763563
- company_name: CHEMUNG FINANCIAL CORP
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763563/000117184323002439/0001171843-23-002439-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763563/000117184323002439/f8k_042023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002439
- JSON: https://secwatch.observer/filing/0001171843-23-002439.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002439.txt

## Key facts
- Earnings Releases
  CHEMUNG FINANCIAL CORP reported the three month period ended March 31, 2023 results: revenue $19.9 million, net income $7.3 million, EPS $1.54 per share.
  - Period: the three month period ended March 31, 2023
  - Revenue: $19.9 million
  - Net income: $7.3 million
  - EPS: $1.54 per share
  - Result: reported results
  source text: 31, 2022. Please refer to GAAP to Non-GAAP Reconciliations 1st Quarter 2023 vs 1st Quarter 2022 Net Interest Income: Net interest income for the first quarter of 2023 totaled $19.9 million compared to $16.7 million for the same period in the prior year, an increase of $3.3 million, or 19.6%, due primarily to increases of $7.8 million in interest income on loans,
  evidence_url: https://www.sec.gov/Archives/edgar/data/763563/000117184323002439/0001171843-23-002439-index.htm

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