ELMIRA, N.Y. (AP) _ Chemung Financial Corp. (CHMG) on Wednesday reported fourth-quarter net income of $4.2 million.
The Elmira, New York-based bank said it had earnings of 87 cents per share.
The financial holding company posted revenue of $21.9 million in the period. Its revenue net of interest expense was $20.3 million, falling short of Street forecasts.
For the year, the company reported profit of $15.6 million, or $3.21 per share. Revenue was reported as $80.7 million.
Chemung Financial shares have declined nearly 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.81, a climb of almost 1% in the last 12 months.