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.
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