Chemung Financial reports third-quarter earnings: what it means for Chemung Financial stock

Published on 10/25/2026 at 01:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income hit USD 12.7 million in the third quarter of 2026, up from USD 7.8 million. For Chemung Financial stock, earnings per share reached USD 2.63.

Earnings and strategic transition

Chemung Financial reported USD 12.7 million in net income on October 22, 2026.
Net interest income reached USD 25.7 million in the third quarter of 2026.
The next earnings date is October 27, 2026.

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Chemung Financial Corporation reported third-quarter 2026 net income of USD 12.7 million, or USD 2.63 per share, on October 22, 2026, compared with USD 7.8 million, or USD 1.62 per share, a year earlier, according to GlobeNewswire. The result gives Chemung Financial stock a fresh earnings catalyst, while the release also disclosed a national-bank charter conversion and a planned Canal Bank and Trust rebrand.

Three dates explain the setup

On September 28, 2026, DA Davidson began coverage with a Buy rating and a USD 95.00 target, as reported by MarketBeat. On October 12, 2026, Hovde Group initiated coverage with a Market Perform rating and a USD 88.00 target, the same report said. On October 22, 2026, Chemung Financial published third-quarter results with USD 2.63 in earnings per share.

What does the recovery mean?

The quarter's earnings strength was partly tied to a USD 2.9 million partial recovery from a commercial and industrial loan participation settlement. Net interest income rose to USD 25.7 million from USD 22.7 million a year earlier, an increase of 13.2 percent, while the fully taxable-equivalent net interest margin expanded to 3.74 percent from 3.45 percent, according to GlobeNewswire. The same release showed adjusted efficiency of 58.83 percent for the first nine months of 2026, compared with 64.08 percent a year earlier.

Next date for investors

The next scheduled reporting date is October 27, 2026, when Chemung Financial is expected to present its third-quarter results, according to The Wall Street Journal. The October release also said the Canal Bank and Trust rebrand will be introduced during the fourth quarter of 2026 and rolled out across the footprint beginning in 2027.

Credit recovery remains important

Credit quality adds a counterweight to the earnings headline. Non-performing loans totaled USD 13.8 million, or 0.57 percent of total loans, as of September 30, 2026, compared with USD 7.9 million, or 0.35 percent, at the end of 2025, according to the company release. The reported recovery helped results, but the loan-quality figures remain central to the bank's next update.

Reported value per share

The September 30, 2026 financial statements listed period-end market value per share at USD 80.86, alongside tangible book value per share of USD 52.00. Chemung Financial's Nasdaq listing and the latest earnings report keep operating performance and credit trends at the center of the stock story.