Chemung Financial (CHMG) - 2024 Q1 - Quarterly Results

Chemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or$1.48 per share First Quarter Highlights: Non-performing loans to total loans decreased by 14 basis points to 0.39% as of March 31, 2024, from 0.53% as of December 31, 2023. See the GAAP to Non-GAAP reconciliations. Net interest income for the first quarter of 2024 totaled $18.1 million compared to$17.9 million for the prior quarter, an increase of $0.2 million, or 1.1$1.1 million i ...