secwatch.observer — SEC 8-K summary
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Issuer:     CHEMUNG FINANCIAL CORP (CHMG)
CIK:        0000763563
Form:       8-K
Filed at:   2025-04-18T23:59:59+00:00
Accession:  0001171843-25-002319
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chemung Financial Q1 net income $6.0M ($1.26/sh) down 16% YoY; dividend increased 3.2%
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- Net income $6.0M ($1.26 EPS) vs $7.1M ($1.48) Q1 2024 and $5.9M ($1.24) Q4 2024.
- Net interest margin expanded 4 bps to 2.96% from prior quarter; total cost of funds dropped 12 bps to 1.92%.
- Annualized loan growth 5.1%, commercial loans up 10.5% annualized; Canal Bank division loans up 14.9% from year-end.
- Dividend increased 3.2% to $0.32 per share, payable in Q2 2025.
- Provision for credit losses rose to $1.1M from $0.6M prior quarter; NPLs increased to $9.9M (0.47% of loans).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763563/000117184325002319/0001171843-25-002319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763563/000117184325002319/f8k_041825.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-002319

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