ELMIRA, N.Y., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $7.7 million, or $1.61 per share, for the fourth quarter of 2025, compared to net income of $7.8 million, or $1.62 per share, for the third quarter of 2025, and net income of $5.9 million, or $...
ELMIRA, N.Y., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $7.7 million, or $1.61 per share, for the fourth quarter of 2025, compared to net income of $7.8 million, or $1.62 per share, for the third quarter of 2025, and net income of $5.9 million, or $1.24 per share, for the fourth quarter of 2024. Annual net income for the year ended December 31, 2025 of $15.1 million, or $3.14 per share, was inclusive of a $17.5 million loss on the sale of securities as part of the Corporation's balance sheet repositioning. Net income for the year ended December 31, 2024 was $23.7 million, or $4.96 per share. “Fourth quarter results highlight the sustained benefits of the Corporation’s strategic repositioning efforts throughout the year,” said Anders M. Tomson, President and CEO of Chemung Financial Corporation. “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. “As we close out 2025, I want to thank our customers for their continued trust and partnership, and our colleagues across Chemung Financial Corporation for their dedication to making a meaningful difference for the individuals, businesses, and communities we serve,” added Tomson. “We enter 2026 with a clear and disciplined focus on strengthening our capabilities, enhancing how we serve our customers, and improving our processes to build greater scale, resiliency, and sustainable growth," ended Tomson. Fourth Quarter and Full Year 2025 Highlights: Non-GAAP net income and earnings per share, excluding the impact of one time items in the second quarter of 2025, was $27.9 million and $5.80, respectively for the year ended December 31, 2025...