Chemung Financial Corporation Reports Second Quarter 2024 Net Income of $5.0 million, or $1.05 per share

Second Quarter Highlights: Non-interest income for the second quarter of 2024 was $5.6 million, compared to$ 5.7 million for the prior quarter, a decrease of $0.1 million, or 1.8%. The decrease was driven primarily by decreases of$ 0.2 million in other non-interest income and $0.1 million in the change in fair value of equity investments, offset by an increase of$ 0.2 million in wealth management group fee income. Interest income on loans, including fees, increased primarily due to a $151.0 million increase ...