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Chemung Financial Corp

Chemung Financial Corporation operates as a bank holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market deposits. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial and residential mortgage loans; and consumer loans, including home equity lines of credit and home equity term loans, as well as automobile loans. In addition, the company provides interest rate swaps, letters of credit, employee benefit plans, insurance products, mutual fund, brokerage, and tax preparation services. Further, it offers guardian, custodian, trustee, investment, pension, estate planning, and employee benefit administrative services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts. The company was founded in 1833 and is based in Elmira, New York.

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Three Bank Stocks Raise Dividends Amid Strong Sector Performance

Unity Bancorp, Stock Yards Bancorp, and Chemung Financial announced dividend increases last week, reflecting confidence in their earnings and capital strength. Unity Bancorp raised its quarterly dividend by 6.3% to 17 cents per share, Stock Yards Bancorp increased its payout by 3.1% to 33 cents, and Chemung Financial boosted its dividend by 5.9% to 36 cents. The announcements come as the KBW Nasdaq Bank Index has gained nearly 16% so far in 2026, supported by healthy loan demand and strong fee income. Each company has a history of consistent dividend growth, with Unity Bancorp raising its dividend seven times in the past five years at an annualized rate of 11.2%.
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Chemung Financial reports second-quarter net income of $8.8 million

Chemung Financial Corporation reported net income of $8.8 million, or $1.82 per share, for the second quarter of 2026. This compares to net income of $9.2 million, or $1.91 per share, in the first quarter of 2026, and a net loss of $6.5 million, or $1.35 per share, in the second quarter of 2025. Net interest income rose 18.8% year-over-year to $24.7 million, while the fully taxable equivalent net interest margin expanded 62 basis points to 3.67%. Total assets reached $2.820 billion as of June 30, 2026, and the company declared a quarterly dividend of $0.34 per share.
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