Chemung Financial: 2Q Earnings Snapshot
ELMIRA, N.Y. (AP) _ Chemung Financial Corp. (CHMG) on Monday reported second-quarter profit of $5 million.
The Elmira, New York-based bank said it had earnings of $1.02 per share.
The financial holding company posted revenue of $21.8 million in the period. Its revenue net of interest expense was $20.2 million, which did not meet Street forecasts.
Chemung Financial shares have risen 16% since the beginning of the year. In the final minutes of trading on Monday, shares hit $48, a climb of almost 1% in the last 12 months.