Chemung Financial stock reports stronger profit, bank rebrand plan

Published on 11/09/2026 at 03:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Chemung Financial stock follows stronger third-quarter earnings and a national charter conversion. A unified bank brand is planned for 2026.

Profit growth meets bank rebrand

Third-quarter net income rose year over year as net interest income increased and a litigation-related recovery reduced credit-loss provisions.
The bank completed its national charter conversion on October 1 and plans to introduce the Canal Bank & Trust brand in the fourth quarter.
Commercial lending drove annualized year-to-date loan growth, while management continues to target deposits, wealth management and selective expansion.

CHMG, US1640241014, Illustration mit AI erstellt.

Chemung Financial Corporation reported stronger third-quarter earnings on October 22, 2026, while completing a national bank charter conversion and preparing to unify its divisional brands. The company's earnings release said net income reached 12.7 million US dollars, compared with 7.8 million US dollars a year earlier, while diluted earnings per share rose to 2.63 US dollars from 1.62 US dollars.

Loan growth supports quarterly earnings

Net interest income increased 13.2% year over year to 25.674 million US dollars. A 2.9 million US dollar partial recovery from a litigation settlement involving a commercial and industrial loan participation produced a 2.6 million US dollar credit for credit losses and was a material contributor to the quarter's result.

Annualized loan growth reached 7.7% year to date, including 11.7% growth in commercial lending. Total deposits stood at 2.385 billion US dollars at September 30, while the fully taxable equivalent net interest margin was 3.74%, up from 3.45% in the year-earlier quarter.

National charter and new brand

Chemung Canal Trust Company completed its conversion from a New York State trust company to a national bank on October 1, under the supervision of the Office of the Comptroller of the Currency. The corporation plans to bring Chemung Canal Trust Company, Capital Bank and Canal Bank under the Canal Bank & Trust name, with the rebrand introduced in the fourth quarter and rolled out more broadly beginning in 2027.

Stock quote and investor context

Chemung Financial Corporation stock traded at 84.75 US dollars on Nasdaq at 4:00 p.m. ET on Friday, November 6, 2026. Investors can follow the real-time quote of Chemung Financial Corporation stock.

The company increased its quarterly dividend by 0.02 US dollars per share during the third quarter to 0.36 US dollars. Its adjusted year-to-date efficiency ratio improved to 58.83% from 64.08% a year earlier, although non-performing loans were 0.57% of total loans at September 30.

Community banking and wealth services

Chemung Financial Corporation is a financial services holding company headquartered in Elmira, New York. Through Chemung Canal Trust Company, it operates 30 retail offices and provides community banking and trust services, while CFS Group offers mutual funds, annuities, brokerage, tax preparation and insurance services. Its regional model combines commercial, residential mortgage and consumer lending with wealth management and other financial services.