---
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"
generated_at: "2026-06-06T18:48:12.912203+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chemung Financial annual net income $25.0M ($5.28 EPS), down 13% YoY; Q4 EPS $0.80 vs $1.58

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-000419
- JSON: https://secwatch.observer/filing/0001171843-24-000419.json
- Plain text: https://secwatch.observer/filing/0001171843-24-000419.txt

## Key facts
- Earnings Releases
  CHEMUNG FINANCIAL CORP reported the year ended December 31, 2023 results: net income $25.0 million, EPS $5.28 per share.
  - Period: the year ended December 31, 2023
  - Net income: $25.0 million
  - EPS: $5.28 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/763563/000117184324000419/0001171843-24-000419-index.htm
- Earnings Releases
  CHEMUNG FINANCIAL CORP reported the fourth quarter of 2023 results: net income $3.8 million, EPS $0.80 per share.
  - Period: the fourth quarter of 2023
  - Net income: $3.8 million
  - EPS: $0.80 per share
  - Result: reported results
  source text: Net income was $3.8 million, or $0.80 per share, for the fourth quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/763563/000117184324000419/0001171843-24-000419-index.htm

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