EL7.AI
StocksMedium•24 October 2026•
2 min read

Chemung Financial Net Interest Income Reaches $25.67 Million in Third Quarter

Key Facts

1Net interest income was $25.67 million in the third quarter of 2026, compared with $22.69 million a year earlier.
2Third-quarter net interest income topped the average analyst estimate of $25.23 million.
3CHMG shares closed at $83.88 on Oct. 23, 2026, up 0.78% for the session.
4The company converted its charter to a national bank on Oct. 1, 2026.

Chemung Financial reported net interest income of $25.67 million in the third quarter of 2026, compared with $22.69 million in the same period of 2025. The figure topped the average estimate of three analysts, $25.23 million, according to Zacks Equity Research. Net interest income measures the difference between the income a company earns on loans and investments and what it pays on deposits and funding. The year-over-year comparison and performance against estimates put the financial line item in focus in the quarterly results. The company's shares, trading as CHMG, closed at $83.88 on Oct. 23, 2026, up 0.78% for the session, according to MarketScreener data.

The third-quarter results follow the company's report of net income of $8.8 million, or $1.82 per share, in the second quarter of 2026. Net income was $9.2 million, or $1.91 per share, in the first quarter of the same year, according to the company's filing with the U.S. Securities and Exchange Commission. By contrast, the company reported a net loss of $6.5 million, or $1.35 per share, in the second quarter of 2025. Chief Executive Anders Thomson said in a statement on the second-quarter results that "net interest income increased significantly, the net interest margin expanded, funding costs declined, and commercial loan growth remained strong in key markets." The comments provide context on the factors the chief executive described at the time, without attributing the third-quarter result to any single cause.

On corporate changes, Chemung Canal Trust Company completed the conversion of its charter from a New York State-chartered trust company to a national bank on Oct. 1, 2026, after approval by the Office of the Comptroller of the Currency. Under the conversion, the company became subject to the office's supervision, according to its filing with the Securities and Exchange Commission. The company announced on Aug. 19 a quarterly cash dividend of $0.36 per share, payable to shareholders of record on Sept. 17 and scheduled to be paid on Oct. 1, 2026. The filing places the dividend date among the company's financial developments during the same period. These steps link the quarterly results with the announced supervisory changes and shareholder distribution.