---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002089"
form_type: "8-K"
ticker: "CHMG"
cik: "0000763563"
company_name: "CHEMUNG FINANCIAL CORP"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T20:04:50.535995+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-24-002089
- form_type: 8-K
- ticker: CHMG
- cik: 0000763563
- company_name: CHEMUNG FINANCIAL CORP
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/763563/000117184324002089/0001171843-24-002089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763563/000117184324002089/f8k_041824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002089
- JSON: https://secwatch.observer/filing/0001171843-24-002089.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002089.txt

## Key facts
- Earnings Releases
  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
  source text: Chemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/763563/000117184324002089/0001171843-24-002089-index.htm

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