secwatch.observer — SEC 8-K summary
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Issuer:     CHEMUNG FINANCIAL CORP (CHMG)
CIK:        0000763563
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001171843-25-000478
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chemung Financial Q4 EPS $1.24, FY net income $23.7M; net interest margin expands 20bps QoQ
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- Annual net income $23.7M ($4.96 EPS) vs $25.0M ($5.28) prior year; net interest margin 2.76% vs 2.85%.
- Q4 net income $5.9M ($1.24 EPS) vs $5.7M ($1.19) Q3 and $3.8M ($0.80) Q4 2023.
- Net interest margin Q4 2.92% (+20bps QoQ); loan growth 5% annual; commercial loans up 13.3%.
- Non-performing loans 0.43% of total loans, down 10bps YoY; allowance for credit losses $21.4M.
- Q4 dividend $0.31 per share; wealth management fee income up $1.1M for the year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763563/000117184325000478/0001171843-25-000478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763563/000117184325000478/f8k_012825.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-000478

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