---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-004022"
form_type: "8-K"
ticker: "CHMG"
cik: "0000763563"
company_name: "CHEMUNG FINANCIAL CORP"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:59:18.206259+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chemung Financial Corporation Reports Q2 2024 Net Income of $5.0M, Down from Prior Quarter and Year

## Summary
- Net income of $5.0 million ($1.05 per share) for Q2 2024, compared to $7.1 million in Q1 2024 and $6.3 million in Q2 2023.
- Net interest margin contracted to 2.66% from 2.73% in prior quarter, impacted by higher funding costs.
- Non-performing loans improved to $8.2 million (0.41% of total loans) from $10.4 million at December 31, 2023.
- Commercial loan pipelines remain robust with growth in Capital District and Western New York markets.
- Efficiency ratio improved to 69.19% from 70.07% in the prior quarter, reflecting expense management.

## SEC filing metadata
- accession: 0001171843-24-004022
- form_type: 8-K
- ticker: CHMG
- cik: 0000763563
- company_name: CHEMUNG FINANCIAL CORP
- filed_at: 2024-07-18T23:59:59+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/763563/000117184324004022/0001171843-24-004022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763563/000117184324004022/f8k_071824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-004022
- JSON: https://secwatch.observer/filing/0001171843-24-004022.json
- Plain text: https://secwatch.observer/filing/0001171843-24-004022.txt

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