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Chemung Financial: 2Q Earnings Snapshot

July 22, 2019

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.

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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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