Chemung Financial reports Q2 EPS $1.31 vs. $1.05 a year ago

Q2 net interest margin increased nine basis points to 3.05% vs. 2.96% for Q1. Tangible book value per share increased to $44.31 as of June 30, 2025 from $40.55 as of December 31, 2024. “The corporation executed two major components of a transformational balance sheet repositioning in Q2 by issuing subordinated debt and selling a significant portion of our securities portfolio,” said CEO Anders Tomson. “These strategic actions strengthen our regulatory capital position, improved commercial real estate concentration ratios, and enhanced our flexibility in funding loan growth in key expansion markets while positioning the Corporation to benefit from lower funding costs beginning in the third quarter. Core operating results for the quarter were solid and we remain encouraged by continued success in executing on principal initiatives. These results reflect the resilience of our customer base and the disciplined approach taken by our organization. The recent addition of deposit focused team members in our growth markets will complement the strong loan pipelines we are seeing across our footprint”.