Chemung Financial Q2 FY26 net income returns to profit at $8.81 million; net interest income rises 18.6% to $24.67 million
Reuters2026/08/06 18:33- Chemung Financial swung to net income of $8.81 million, or $1.82 per share, in Q2 2026 from a net loss in Q2 2025.
- Net interest income rose 18.6% to $24.67 million, lifting the fully taxable equivalent net interest margin by 0.62 percentage points to 3.67%.
- Provision for credit losses fell 51% to $561,000, while non-interest expense increased 8.7% to $19.32 million.
- Total assets increased 4.1% to $2.82 billion at June 30, 2026, while loans climbed 4.3% to $2.37 billion.
- OCC conditionally approved the bank’s conversion to a national bank charter, with completion expected before the end of 2026.
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