Chemung Financial Q3 net income $7.6M, EPS $1.61, up from $1.37 YoY

CHEMUNG FINANCIAL CORP

2023-Q3 EPS reported $4.48

Net income $7.6M ($1.61 per share) vs $6.5M ($1.37) in Q3 2022.
Net interest income $18.0M, down 5.3% YoY; net interest margin 2.73% vs 3.08%.
Non-interest income $7.8M, up 56% YoY, boosted by $2.4M employee retention tax credit.
Total deposits $2.473B, up 3.5% from prior quarter-end; non-performing loans 0.35% of total loans.
Dividends declared $0.31 per share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHEMUNG FINANCIAL CORP reported third quarter of 2023 results: net income $7.6 million, EPS $1.61 per share.

Period: third quarter of 2023
Net income: $7.6 million
EPS: $1.61 per share
Result: reported results

Exact text from the filing

Chemung Financial Corporation Reports Third Quarter 2023 Net Income of $7.6 million, or $1.61 per Share

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Source: SEC EDGAR

accession 0001171843-23-006378

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