Chemung Financial reports Q3 EPS $1.62, consensus $1.61

Reports Q3 tangible book value per share $46.44. “Third quarter results demonstrate the importance of the Corporation’s balance sheet repositioning efforts undertaken over the past two quarters. Net interest income growth of $1.9 million, or approximately 9% compared to the prior quarter, reflects the immediate positive impact these actions have had on earnings by enabling continued investment in quality loan opportunities while simultaneously managing funding costs,” said Anders Tomson, president and CEO of Chemung Financial (CHMG).