Chemung Financial Reports Record Earnings in Q1 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy CHMG?
Source: Newsfilter
- Record Quarterly Earnings: Chemung Financial Corporation reported a net income of $9.2 million and earnings per share of $1.91 for Q1 2026, marking the highest quarterly earnings in the company's history, reflecting a 14.6% increase from Q4 2025 and validating the effectiveness of strategic initiatives.
- Efficiency Ratio at Historic Low: The adjusted efficiency ratio for Q1 was 58.27%, improving by 1.85% from Q4 2025, indicating significant progress in cost control and operational efficiency, which enhances profitability.
- Strong Loan Growth: The annualized loan growth rate for Q1 was 7.5%, with nearly 15% growth in the Western New York Canal Bank division, demonstrating robust demand and successful market expansion, further solidifying the company's market position.
- Increased Dividends: A dividend of $0.34 per share was declared in Q1 2026, reflecting the company's commitment to returning value to shareholders while maintaining strong earnings growth, thereby boosting investor confidence.
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Analyst Views on CHMG
Wall Street analysts forecast CHMG stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 59.300
Low
60.00
Averages
60.00
High
60.00
Current: 59.300
Low
60.00
Averages
60.00
High
60.00
About CHMG
Chemung Financial Corporation is a financial holding company. The Company through the Chemung Canal Trust Company (Bank) and CFS Group, Inc (CFS), provides a range of financial services, including demand, savings and time deposits, commercial, residential, and consumer loans, interest rate swaps, letters of credit, wealth management services, employee benefit plans, insurance products, mutual funds, and brokerage services. The Company primarily focuses on banking and wealth management services. Its core banking segment attracts deposits from the public and uses such funds to originate consumer, commercial, commercial real estate, and other loans. Wealth management services provided by the Bank include services as executor and trustee under wills and agreements, and guardian, custodian, trustee, and agent for pension, profit-sharing and other employee benefit trusts, as well as various investment, pension, estate planning, and employee benefit administrative services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Chemung Financial Reports Record Earnings in Q1 2026
- Record Quarterly Earnings: Chemung Financial Corporation reported a net income of $9.2 million and earnings per share of $1.91 for Q1 2026, marking the highest quarterly earnings in the company's history, reflecting a 14.6% increase from Q4 2025 and validating the effectiveness of strategic initiatives.
- Efficiency Ratio at Historic Low: The adjusted efficiency ratio for Q1 was 58.27%, improving by 1.85% from Q4 2025, indicating significant progress in cost control and operational efficiency, which enhances profitability.
- Strong Loan Growth: The annualized loan growth rate for Q1 was 7.5%, with nearly 15% growth in the Western New York Canal Bank division, demonstrating robust demand and successful market expansion, further solidifying the company's market position.
- Increased Dividends: A dividend of $0.34 per share was declared in Q1 2026, reflecting the company's commitment to returning value to shareholders while maintaining strong earnings growth, thereby boosting investor confidence.
See More
Chemung Financial Declares Quarterly Dividend of $0.34
- Quarterly Dividend Announcement: Chemung Financial declares a quarterly dividend of $0.34 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability.
- Dividend Yield: The forward yield of 2.3% provides investors with a relatively stable return, enhancing the company's attractiveness in the current market environment.
- Payment Schedule: The dividend is payable on April 1, with a record date of March 18 and an ex-dividend date also on March 18, ensuring shareholders receive their earnings promptly.
- Investor Confidence: By maintaining its dividend payments, Chemung Financial further bolsters investor confidence, indicating an optimistic outlook on the company's future financial performance.
See More
Chemung Financial Corporation Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Chemung Financial Corporation's Board of Directors has approved a quarterly cash dividend of $0.34 per share, payable on April 1, 2026, aimed at enhancing shareholder returns and attracting more investor interest.
- Company Size and History: Chemung Financial Corporation is a $2.7 billion financial services holding company established in 1833, operating 30 offices, and as the oldest locally-owned community bank in New York State, it demonstrates a strong market position and customer trust.
- Full-Service Banking: Its principal subsidiary, Chemung Canal Trust Company, offers comprehensive banking services and full trust powers, catering to diverse financial needs of clients and further solidifying the company's importance in the community.
- Diverse Financial Services: Chemung Financial Corporation also owns CFS Group, Inc., which provides non-traditional financial services including mutual funds, annuities, brokerage services, tax preparation, and insurance, enhancing its market competitiveness and customer base.
See More
Chemung Financial Reports Strong Q4 Earnings
- Earnings Performance: Chemung Financial's Q4 GAAP EPS of $1.61 aligns with market expectations, demonstrating the company's ongoing commitment to maintaining stable profitability.
- Significant Revenue Growth: The company reported revenue of $30.51 million, a 17.9% year-over-year increase, exceeding market expectations by $1.03 million, indicating strong business momentum, particularly in lending and deposit services.
- Positive Market Reaction: The revenue beat may positively impact Chemung Financial's stock price, enhancing investor confidence in its future growth potential.
- Strong Financial Health: The continuous revenue growth and stable profitability suggest a solid financial position, providing a robust foundation for future investments and expansion.
See More
Chemung Financial Corporation Earnings Estimate Cut by 3.9%
- Earnings Estimate Cut: Chemung Financial Corporation's current year earnings estimate has been revised downward by 3.9% over the last 60 days, indicating potential profitability challenges that could negatively impact its stock performance.
- Industry Impact: Similarly, Archer-Daniels-Midland Company's earnings estimate has been cut by 4%, reflecting overall weakness in the agricultural commodities sector, which may lead to decreased investor confidence.
- Market Reaction: Cool Company Ltd. has seen a 6% downward revision in its earnings estimate, raising concerns about the liquefied natural gas transportation industry and potentially affecting its future financing capabilities.
- Investment Recommendations: Zacks Investment Research has highlighted five top stock picks, and despite inherent risks, stocks like Hims & Hers Health have previously surged by 209%, showcasing the diverse potential within the market.
See More
CHEMUNG FINANCIAL CORP Announces Increase in Q3 Earnings
Earnings Growth: CHEMUNG FINANCIAL CORP reported third-quarter earnings of $7.79 million, or $1.62 per share, an increase from $5.72 million, or $1.19 per share, in the previous year.
Interest and Dividend Income: The company's total interest and dividend income rose to $33.88 million compared to $32.36 million last year.
See More
Chemung Financial Reports Record Earnings in Q1 2026
- Record Quarterly Earnings: Chemung Financial Corporation reported a net income of $9.2 million and earnings per share of $1.91 for Q1 2026, marking the highest quarterly earnings in the company's history, reflecting a 14.6% increase from Q4 2025 and validating the effectiveness of strategic initiatives.
- Efficiency Ratio at Historic Low: The adjusted efficiency ratio for Q1 was 58.27%, improving by 1.85% from Q4 2025, indicating significant progress in cost control and operational efficiency, which enhances profitability.
- Strong Loan Growth: The annualized loan growth rate for Q1 was 7.5%, with nearly 15% growth in the Western New York Canal Bank division, demonstrating robust demand and successful market expansion, further solidifying the company's market position.
- Increased Dividends: A dividend of $0.34 per share was declared in Q1 2026, reflecting the company's commitment to returning value to shareholders while maintaining strong earnings growth, thereby boosting investor confidence.
See More
Chemung Financial Declares Quarterly Dividend of $0.34
- Quarterly Dividend Announcement: Chemung Financial declares a quarterly dividend of $0.34 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability.
- Dividend Yield: The forward yield of 2.3% provides investors with a relatively stable return, enhancing the company's attractiveness in the current market environment.
- Payment Schedule: The dividend is payable on April 1, with a record date of March 18 and an ex-dividend date also on March 18, ensuring shareholders receive their earnings promptly.
- Investor Confidence: By maintaining its dividend payments, Chemung Financial further bolsters investor confidence, indicating an optimistic outlook on the company's future financial performance.
See More
Chemung Financial Corporation Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Chemung Financial Corporation's Board of Directors has approved a quarterly cash dividend of $0.34 per share, payable on April 1, 2026, aimed at enhancing shareholder returns and attracting more investor interest.
- Company Size and History: Chemung Financial Corporation is a $2.7 billion financial services holding company established in 1833, operating 30 offices, and as the oldest locally-owned community bank in New York State, it demonstrates a strong market position and customer trust.
- Full-Service Banking: Its principal subsidiary, Chemung Canal Trust Company, offers comprehensive banking services and full trust powers, catering to diverse financial needs of clients and further solidifying the company's importance in the community.
- Diverse Financial Services: Chemung Financial Corporation also owns CFS Group, Inc., which provides non-traditional financial services including mutual funds, annuities, brokerage services, tax preparation, and insurance, enhancing its market competitiveness and customer base.
See More
Chemung Financial Reports Strong Q4 Earnings
- Earnings Performance: Chemung Financial's Q4 GAAP EPS of $1.61 aligns with market expectations, demonstrating the company's ongoing commitment to maintaining stable profitability.
- Significant Revenue Growth: The company reported revenue of $30.51 million, a 17.9% year-over-year increase, exceeding market expectations by $1.03 million, indicating strong business momentum, particularly in lending and deposit services.
- Positive Market Reaction: The revenue beat may positively impact Chemung Financial's stock price, enhancing investor confidence in its future growth potential.
- Strong Financial Health: The continuous revenue growth and stable profitability suggest a solid financial position, providing a robust foundation for future investments and expansion.
See More
Chemung Financial Corporation Earnings Estimate Cut by 3.9%
- Earnings Estimate Cut: Chemung Financial Corporation's current year earnings estimate has been revised downward by 3.9% over the last 60 days, indicating potential profitability challenges that could negatively impact its stock performance.
- Industry Impact: Similarly, Archer-Daniels-Midland Company's earnings estimate has been cut by 4%, reflecting overall weakness in the agricultural commodities sector, which may lead to decreased investor confidence.
- Market Reaction: Cool Company Ltd. has seen a 6% downward revision in its earnings estimate, raising concerns about the liquefied natural gas transportation industry and potentially affecting its future financing capabilities.
- Investment Recommendations: Zacks Investment Research has highlighted five top stock picks, and despite inherent risks, stocks like Hims & Hers Health have previously surged by 209%, showcasing the diverse potential within the market.
See More
CHEMUNG FINANCIAL CORP Announces Increase in Q3 Earnings
Earnings Growth: CHEMUNG FINANCIAL CORP reported third-quarter earnings of $7.79 million, or $1.62 per share, an increase from $5.72 million, or $1.19 per share, in the previous year.
Interest and Dividend Income: The company's total interest and dividend income rose to $33.88 million compared to $32.36 million last year.
See More
