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…
Earnings analysis · 10-Q
CHMG earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.91
- Gross margin
- 67%
What stood out
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Revenue Beat Expectations
Actual revenue for Q1 2026 was $29.9 million, compared to an estimate of $29.645 million.
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Earnings Surpass Estimates
Reported EPS of $1.91 exceeded the estimated EPS of $1.63 by 17.2%.
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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.
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Strong Previous Quarter Performance
Q4 2025 showed revenue at $41 million, suggesting robustness in revenue streams.
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Improved Profitability Margins
Gross margin increased significantly to 67%, indicating improved operational efficiency.
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Increased Free Cash Flow
Free cash flow increased to $7 million, reaffirming strong cash generation capabilities.
What to watch
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Regulatory Approval for Conversion
Chemung Canal Trust Company requires approval from the OCC for its conversion to a national bank, introducing uncertainty.
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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.
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Economic Environment Impact
Current macroeconomic pressures, including inflation, could affect future performance despite recent operational successes.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.