Chemung Q3 net income $12.7M, EPS $2.63 vs $1.62; NII up 13.2%; dividend raised 5.9% to $0.36

CHEMUNG FINANCIAL CORP

Net income $12.7M, or $2.63 per share, vs $8.8M ($1.82) in Q2 2026 and $7.8M ($1.62) in Q3 2025.
Net interest income $25.7M, up 13.2% YoY; NIM 3.74% vs 3.45%; pre-provision net revenue up 24.9% ($2.8M).
YTD annualized loan growth 7.7%, including 11.7% commercial; adjusted efficiency ratio improved 525 bps to 58.83%.
Provision was a $2.6M credit, including a $2.9M partial recovery on a C&I loan participation tied to a litigation settlement; net recoveries $2.6M.
Non-performing loans rose to $13.8M (0.57% of loans) from $7.9M (0.35%) at Dec. 31, 2025; non-performing assets $16.1M (0.56%).

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