| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 28.78 | 184.9% | 18.4% |
| Total Income | 28.78 | 184.9% | 18.4% |
| Expenditure | 18.71 | 1.1% | 9.6% |
| PBT | 10.07 | 214.3% | 39.3% |
| Net Profit | 7.79 | 220.8% | 36.2% |
| OPM | — | ||
| NPM | 27.08% | 90.94pp | 3.55pp |
| EPS | 1.62 | 220.0% | 36.1% |
Chemung Financial Reports Q3 2025 Net Income of $7.8 million
04 May 2026 · 4 May, 9:00 am
Summary
Chemung Financial Corporation reported a net income of $7.8 million, or $1.62 per share, for the third quarter of 2025. This compares to a net loss of $6.5 million, or $1.35 per share, for the second quarter of 2025, and net income of $5.7 million, or $1.19 per share, for the third quarter of 2024. Net interest income for the third quarter of 2025 totaled $22.7 million, an increase of $1.9 million, or 9.1%, compared to the prior quarter. The corporation announced a $0.02 per share dividend increase during the third quarter, representing a 6.3% increase over the prior quarter.
Key Highlights
- 1
Chemung Financial Corporation reported net income of $7.8 million, or $1.62 per share, for the third quarter of 2025.
- 2
Net interest income increased by $1.9 million, or 9.1%, to $22.7 million for the third quarter of 2025 compared to the prior quarter.
- 3
The average yield on interest-earning assets increased 32 basis points to 5.15% for the third quarter of 2025, compared to the second quarter of 2025.
- 4
Net interest margin increased 40 basis points to 3.45% for the third quarter of 2025, compared to 3.05% for the second quarter of 2025.
- 5
Total year-to-date loan growth approximated 8.4% on an annualized basis, including annualized commercial loan growth of 13.6%.
Management Comments
Anders M. Tomson
Third quarter results demonstrate the importance of the Corporation's balance sheet repositioning efforts undertaken over the past two quarters. Net interest income growth of $1.9 million, or approximately 9% compared to the prior quarter, reflects the immediate positive impact these actions have had on earnings by enabling continued investment in quality loan opportunities while simultaneously managing funding costs. We are encouraged by continued strength in credit quality and the resilience of our core operations. These results affirm the strategic direction we've taken and the disciplined execution of our strategy by our team across all of our divisions. With strong pipelines in key markets and a continued focus on relationship banking, the Corporation remains well positioned to deliver long-term value for our clients, communities, and shareholders
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