Chemung Financial: Fourth Quarter Earnings Overview

Chemung Financial Corp. Announces Fourth Quarter Results

Chemung Financial Corp., headquartered in Elmira, New York, has reported a net profit of $7.7 million for the fourth quarter.

The company’s earnings for the quarter amounted to $1.61 per share.

During this period, the financial institution generated $40.9 million in total revenue. After accounting for interest expenses, net revenue reached $30.6 million, surpassing analysts’ expectations.

For the full year, Chemung Financial Corp. recorded a total profit of $15.1 million, translating to $3.14 per share, with annual revenue totaling $95.4 million.