Chemung Financial Corp Reports Steady Q1 2025 Performance

Chemung Financial Corp ( (CHMG) ) has released its Q1 earnings. Here is a breakdown of the information Chemung Financial Corp presented to its investors.

Chemung Financial Corporation, a financial services holding company based in Elmira, New York, operates through its subsidiary, Chemung Canal Trust Company, providing community banking services and additional financial offerings. In its first quarter of 2025, Chemung Financial Corporation reported a net income of $6.0 million, or $1.26 per share, reflecting a slight increase from the previous quarter but a decrease compared to the same period last year. The company highlighted its strategic focus on balance sheet management and loan growth, particularly in its Canal Bank division. Key financial metrics for the quarter included a net interest margin expansion to 2.96%, a 5.1% annualized loan growth, and a 3.2% increase in dividends per share. The company also reported a decrease in non-interest expenses and a slight increase in non-interest income compared to the previous quarter. Looking ahead, Chemung Financial Corporation remains confident in its community banking model and strategic initiatives to drive future success, despite external economic challenges.