secwatch.observer — SEC 8-K summary
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Issuer:     CHEMUNG FINANCIAL CORP (CHMG)
CIK:        0000763563
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0001171843-25-004538
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chemung Financial Q2 net loss $6.5M on $17.5M securities sale loss; non-GAAP EPS $1.31
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- Net loss of $6.5M ($1.35 per share) in Q2 2025 vs net income of $6.0M ($1.26) in Q1 2025.
- Issued $45M subordinated notes and sold $245.5M securities for $227.3M proceeds, realizing $17.5M pre-tax loss.
- Non-GAAP net income (excluding one-time items) was $6.3M, or $1.31 per share.
- Net interest margin improved to 3.05% from 2.96% QoQ; dividend declared $0.32 per share.
- Provision for credit losses $1.1M; annualized net charge-offs 0.19% of avg loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763563/000117184325004538/0001171843-25-004538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763563/000117184325004538/f8k_071725.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-004538

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