Chemung Financial reports Q2 EPS $1.05, consensus $1.12

Reports Q2 book value per share $37.59. Reports Q2 net charge-offs .06%. “Commercial credit pipelines remain robust, especially in our Capital District and Western New York markets,” said Anders Tomson, president and CEO of the Corporation. “Funding costs continue to remain challenging, impacting net interest income expansion commensurate with our loan growth,” Tomson added.