CHMG News & Events

Reports Q4 tangible book value per share $48.43. "Fourth quarter results highlight the sustained benefits of the Corporation's strategic repositioning efforts throughout the year," said Anders Tomson, president and CEO of Chemung Financial. "Meaningful expansion in net interest margin of 16 basis points compared to the prior quarter, combined with strong commercial loan growth across key markets, reflects our continued ability to support high-quality client demand while maintaining disciplined funding cost management," Tomson added.

Reports Q3 tangible book value per share $46.44. "Third quarter results demonstrate the importance of the Corporation's balance sheet repositioning efforts undertaken over the past two quarters. Net interest income growth of $1.9 million, or approximately 9% compared to the prior quarter, reflects the immediate positive impact these actions have had on earnings by enabling continued investment in quality loan opportunities while simultaneously managing funding costs," said Anders Tomson, president and CEO of Chemung Financial.

Chemung Financial announced that its board of directors has approved a dividend increase of 2c per share, equal to a quarterly cash dividend of 34c per share, payable on October 1 to common stock shareholders of record as of the close of business on September 17.