Chemung Financial reports Q4 EPS $1.24, consensus $1.21

Reports Q4 tangible book value per share $40.55. Reports Q4 net charge-offs .12% “A prudent and relationship-based effort to manage funding costs provided a tailwind for fourth quarter earnings, and capped a solid year of results in an uncertain environment,” said Anders Tomson, president and CEO of Chemung Financial (CHMG). “Strong net interest margin expansion speaks to the execution of Bank-wide strategic initiatives and a thoughtful approach to loan growth, particularly in our newly established Canal Bank division,” added Tomson.