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Chemung Financial Corp (CHMG.OQ)

CHMG.OQ on NASDAQ Stock Exchange Global Select Market

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12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Chemung Financial Corp reports Q3 net income $0.76 per share
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Chemung Financial Corp :Chemung Financial Corporation reports third quarter 2017 net income of $3.7 million, or $0.76 per share.Q3 earnings per share $0.76.Chemung Financial Corp - qtrly ‍net interest income totaled $14.8 million compared with $13.0 million for same period in prior year​.  Full Article

Chemung Financial reports revised Q2 2016 net income of $1.6 million, or $0.34 per share
Friday, 29 Jul 2016 

Chemung Financial Corp : Chemung Financial reports revised second quarter 2016 net income of $1.6 million, or $0.34 per share . Q2 earnings per share $0.34 .Revised net income for Q2 includes establishment of a $1.2 million legal reserve relating to a court order in connection with a lease dispute.  Full Article

Chemung Financial got approval from Nevada to create a new captive insurance unit
Thursday, 2 Jun 2016 

Chemung Financial Corp : Will recognize about $170 thousand in one-time expenses associated with feasibility and implementation of unit during first half of 2016 . Beginning in fy 2017, coexpects to receive a potential net benefit of about $370 thousand associated with insurance premium exclusion . Received approval from state of Nevada for creation of a new captive insurance unit, named chemung risk management, inc. On may 31, 2016 . Purpose of unit is to insure gaps in commercial coverage and uninsured exposures in corporation's current insurance coverages .Will have annual costs of approximately $90 thousand associated with on-going operations of subsidiary.  Full Article

Chemung Financial Corp announces quarterly dividend
Thursday, 18 Feb 2016 

Chemung Financial Corp:Board of Directors has approved a quarterly cash dividend of $0.26 per share.Payable on April 1 to common stock shareholders of record date as of March 18.  Full Article

BRIEF-Chemung Financial Corp reports Q3 net income $0.76 per share

* Chemung Financial Corporation reports third quarter 2017 net income of $3.7 million, or $0.76 per share