Chemung Financial: 1Q Earnings Snapshot

Chemung Financial: 1Q Earnings Snapshot

Associated Press
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ELMIRA, N.Y. (AP) _ Chemung Financial Corp. (CHMG) on Wednesday reported first-quarter net income of $4.5 million.

The bank, based in Elmira, New York, said it had earnings of 92 cents per share.

The financial holding company posted revenue of $21.6 million in the period. Its revenue net of interest expense was $20.1 million, which did not meet Street forecasts.

Chemung Financial shares have increased 21 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $49.78, a climb of 6 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHMG at https://www.zacks.com/ap/CHMG

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