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Chemung Financial: 4Q Earnings Snapshot | Business News

1 month ago
in companies
1 min read
Electric aviation company moves headquarters to Everett | Business News
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ELMIRA, N.Y. (AP) — Chemung Financial Corp. (CHMG) on Friday reported fourth-quarter profit of $5.2 million.

The Elmira, New York-based bank said it had earnings of $1.11 per share.

The financial holding company posted revenue of $23.3 million in the period. Its revenue net of interest expense was $22.4 million, which topped Street forecasts.

For the year, the company reported profit of $19.3 million, or $4.01 per share. Revenue was reported as $84 million.

Chemung Financial shares have increased slightly since the beginning of the year. The stock has decreased 19% in the last 12 months.

Copyright by Automated Insights, Inc. All rights reserved.



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