Chemung Financial Q1 2024 net income $7.1M ($1.48/sh); loans exceed $2B

CHEMUNG FINANCIAL CORP

2024-Q1 EPS reported $1.48

Net income of $7.1M ($1.48/sh) vs. $3.8M ($0.80) in Q4 2023 and $7.3M ($1.54) in Q1 2023.
Total loans exceeded $2.0B for first time, growing $30.9M during Q1; NIM expanded 4 bps to 2.73%.
Non-performing loans fell to 0.39% of loans from 0.53% in Q4; allowance for credit losses declined to 1.02% from 1.14%.
Net interest income $18.1M, +1.1% sequentially but -8.8% YoY; provision for credit losses decreased $4.3M from Q4.
Dividends declared $0.31 per share; book value per share $41.35.

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 the first quarter of 2024 results: net income $7.1 million, EPS $1.48 per share.

Period: the first quarter of 2024
Net income: $7.1 million
EPS: $1.48 per share
Result: reported results

Exact text from the filing

Chemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per share

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1349 earnings releases filed in the last 30 days. Browse all earnings releases →

CHEMUNG FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001171843-24-002089

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