Chemung Financial reports Q4 EPS $1.61, consensus $1.62

Reports Q4 tangible book value per share $48.43. “Fourth quarter results highlight the sustained benefits of the Corporation’s strategic repositioning efforts throughout the year,” said Anders Tomson, president and CEO of Chemung Financial (CHMG). “Meaningful expansion in net interest margin of 16 basis points compared to the prior quarter, combined with strong commercial loan growth across key markets, reflects our continued ability to support high-quality client demand while maintaining disciplined funding cost management,” Tomson added.