Chemung Financial reports Q3 EPS $1.61, consensus $1.13

Fully taxable equivalent net interest margin was 2.73% for the third quarter 2023, compared to 3.08% for the same period in the prior year. “The company again demonstrated solid financial performance in the third quarter,” said Anders Tomson, President and CEO of Chemung Financial Corporation.” As evidenced by our loan growth, we are continuing to support our customers while competitors in the marketplace have reduced their lending activities. This customer focused approach has served us well throughout our 190-year legacy,” added Tomson.