Chemung Financial Q2 FY26 net income returns to profit at $8.81 million; net interest income rises 18.6% to $24.67 million

Reuters2026/08/06 18:33

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Chemung Financial swung to net income of $8.81 million, or $1.82 per share, in Q2 2026 from a net loss in Q2 2025.
Net interest income rose 18.6% to $24.67 million, lifting the fully taxable equivalent net interest margin by 0.62 percentage points to 3.67%.
Provision for credit losses fell 51% to $561,000, while non-interest expense increased 8.7% to $19.32 million.
Total assets increased 4.1% to $2.82 billion at June 30, 2026, while loans climbed 4.3% to $2.37 billion.
OCC conditionally approved the bank’s conversion to a national bank charter, with completion expected before the end of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chemung Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-054168), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Chemung Financial Q2 FY26 net income returns to profit at $8.81 million; net interest income rises 18.6% to $24.67 million

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