{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-24-000419","form_type":"8-K","ticker":"CHMG","cik":"0000763563","company_name":"CHEMUNG FINANCIAL CORP","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.875035+00:00","generated_at":"2026-06-06T18:48:12.912203+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Chemung Financial annual net income $25.0M ($5.28 EPS), down 13% YoY; Q4 EPS $0.80 vs $1.58","bullets":["Net income for 2023 $25.0M ($5.28 EPS) vs $28.8M ($6.13 EPS) in 2022, a 13% decline.","Q4 2023 net income $3.8M ($0.80 EPS) vs Q4 2022 $7.4M ($1.58 EPS) and Q3 2023 $7.6M ($1.61 EPS).","Provision for credit losses increased to $3.3M from a credit of $0.6M, including $0.9M specific allocation on a CRE relationship.","Non-interest income rose 14.5% to $24.5M, helped by $2.4M employee retention tax credit; non-interest expense up 8.4% to $64.2M.","Non-performing loans increased to $10.4M (0.53% of loans) from $8.2M (0.45%); tangible equity ratio improved to 6.45%."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-24-000419","json":"https://secwatch.observer/filing/0001171843-24-000419.json","markdown":"https://secwatch.observer/filing/0001171843-24-000419.md","text":"https://secwatch.observer/filing/0001171843-24-000419.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763563/000117184324000419/0001171843-24-000419-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763563/000117184324000419/f8k_012524.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:48:12.912203+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"58e8270818414790410cfdd731325fc4cf69835e","claim":"CHEMUNG FINANCIAL CORP reported the year ended December 31, 2023 results: net income $25.0 million, EPS $5.28 per share.","evidence_excerpt":"Chemung Financial Corporation Reports Annual Net Income of $25.0 million, or $5.28 per share, and Fourth Quarter 2023 Net Income of $3.8 million, or $0.80 per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/763563/000117184324000419/0001171843-24-000419-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"$25.0 million"},{"label":"EPS","value":"$5.28 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ccd72eebd370b10a9912405896b87b34b8848816","claim":"CHEMUNG FINANCIAL CORP reported the fourth quarter of 2023 results: net income $3.8 million, EPS $0.80 per share.","evidence_excerpt":"Net income was $3.8 million, or $0.80 per share, for the fourth quarter of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/763563/000117184324000419/0001171843-24-000419-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2023"},{"label":"Net income","value":"$3.8 million"},{"label":"EPS","value":"$0.80 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}