secwatch.observer — SEC 8-K summary
======================================

Issuer:     CHEMUNG FINANCIAL CORP (CHMG)
CIK:        0000763563
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001171843-24-005746
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763563/000117184324005746/0001171843-24-005746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763563/000117184324005746/f8k_102224.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-005746

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer