Chemung Financial Q3 net income $5.7M, EPS $1.19; QoQ up 14%, YoY down 25%

CHEMUNG FINANCIAL CORP

2024-Q3 EPS reported $3.72

Net interest income $18.4M, NIM (FTE) 2.72% vs 2.66% Q2 2024; loan yield up 11 bps QoQ.
Non-performing loans $10.5M, 0.52% of total loans; allowance for credit losses 203% of NPLs.
Opened full-service branch in Williamsville, NY on Oct 11 under Canal Bank division.
Tangible equity to tangible assets improved to 7.22% from 6.45% at Dec 31, 2023.
Book value per share $46.22, up from $41.07 at year-end 2023.

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