Welcome to our dedicated page for Chemung Financia news (Ticker: CHMG), a resource for investors and traders seeking the latest updates and insights on Chemung Financia stock.
Chemung Financial Corp (CHMG) delivers community-focused banking and wealth management services across New York and Pennsylvania. This news hub provides investors and stakeholders with timely updates on strategic initiatives, financial performance, and market developments.
Access official press releases, earnings reports, and regulatory filings alongside analysis of leadership changes, product launches, and community reinvestment programs. Our curated collection simplifies tracking CHMG's dual focus on traditional banking operations and comprehensive wealth management solutions.
Key updates include quarterly earnings calls, merger/acquisition activity, dividend declarations, and regulatory compliance milestones. Discover how CHMG's locally-driven decision-making impacts regional economic growth through small business lending and personalized financial services.
Bookmark this page for continuous access to verified information about one of America's oldest community banking institutions. Monitor CHMG's commitment to balancing historical banking values with modern wealth management strategies through our maintained news archive.
Chemung Financial Corporation (Nasdaq: CHMG) reported a net income of $7.3 million, or $1.54 per share, for Q1 2023, marking an increase from $6.9 million or $1.46 per share in Q1 2022. Key highlights include:
- Net interest income rose by 19.6% to $19.9 million.
- Loans grew by 2.4% to $44.3 million.
- Non-performing loans decreased from 0.45% to 0.41% of total loans.
- Tangible book value per share increased by 7.2% to $32.91.
Despite increasing challenges in the banking sector, the company maintains strong capital ratios and liquidity, affirming a solid market position.
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