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Chemung Financial: 3Q Earnings Snapshot

ELMIRA, N.Y. (AP) _ Chemung Financial Corp. (CHMG) on Thursday reported third-quarter profit of $6.9 million.

The bank, based in Elmira, New York, said it had earnings of $1.43 per share. Earnings, adjusted for non-recurring gains, came to $1.11 per share.

The financial holding company posted revenue of $23.5 million in the period. Its revenue net of interest expense was $22.5 million, which topped Street forecasts.

Chemung Financial shares have fallen 14 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $41.35, a decrease of roughly 7 percent in the last 12 months.


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