CHMG earnings analysis
What we found in CHMG's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Chemung Financial Corporation reported a solid first quarter for 2026, with notable increases in both revenue and EPS compared to the previous year. Revenue reached $29.9 million, an increase from $38 million in the same period last year, while EPS was reported at $1.91 against an estimated $1.63, beating expectations significantly.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Beat Expectations
- Actual revenue for Q1 2026 was $29.9 million, compared to an estimate of $29.645 million.
- Earnings Surpass Estimates
- Reported EPS of $1.91 exceeded the estimated EPS of $1.63 by 17.2%.
- Continuous Revenue Growth
- Reported revenue of $29.9 million reflects a substantial recovery compared to a significant drop in 2025Q2, where it plummeted to $22 million.
- Strong Previous Quarter Performance
- Q4 2025 showed revenue at $41 million, suggesting robustness in revenue streams.
- Improved Profitability Margins
- Gross margin increased significantly to 67%, indicating improved operational efficiency.
- Increased Free Cash Flow
- Free cash flow increased to $7 million, reaffirming strong cash generation capabilities.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Regulatory Approval for Conversion
- Chemung Canal Trust Company requires approval from the OCC for its conversion to a national bank, introducing uncertainty.
- No New Risk Factors Identified
- There have been no material changes in risk factors since the last 10-K filing, potentially indicating stagnant risk assessment.
- Economic Environment Impact
- Current macroeconomic pressures, including inflation, could affect future performance despite recent operational successes.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.91
- Gross margin
- 67%
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 10-K · March 13, 2026
- Chemung Financial’s 2025 10-K describes a community‑bank growth strategy focused on branch/digital expansion, deposit gathering and loan growth; the company ended 2025 with $2.710 billion in consolidated assets, $2.270…
- 10-Q · November 6, 2025
- Chemung Financial reported total revenue of $28,776,000 and diluted EPS of $1.62 for the quarter ended September 30, 2025. Net interest income rose to $22,688,000 (up $4,300,000 or 23.4% YoY) and net income increased to…
- 10-Q · May 7, 2025
- Chemung Financial reported Q1 2025 net income of $6.023 million, or $1.26 per share, down 14.6% and 14.9% respectively versus Q1 2024, driven by a $3.132 million increase in the provision for credit losses.…
- 10-K · March 14, 2025
- Chemung Financial (CHMG) presents a traditional community-bank strategy: expand locally and regionally via branch/digital channels, grow interest-earning assets funded by stable low-cost deposits, and expand…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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