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Chemung Financial Corporation Reports Third Quarter 2024 Net Income of $5.7 million, or $1.19 per share
CHMGChemung Financial (CHMG) GlobeNewswire News Room·2024-10-22 20:15

ELMIRA, N.Y., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of 5.7million,or5.7 million, or 1.19 per share, for the third quarter of 2024, compared to 5.0million,or5.0 million, or 1.05 per share, for the second quarter of 2024, and 7.6million,or7.6 million, or 1.61 per share, for the third quarter of 2023. “Our balance sheet is well positioned as we enter into this rate cutting cycle. We are seeing ...