Despite record earnings, the miss on EPS consensus and declining net interest margin may pressure shares short-term. Watch for commentary on loan yield sustainability and deposit cost trends in upcoming investor calls.
Price Chart
Executive Summary
Chemung Financial Corp reported record quarterly net income of $9.2 million ($1.91 per share) for Q1 2026, up 14.6% YoY, driven by strong loan growth and improved efficiency. However, EPS missed consensus of $1.63 by $0.02, primarily due to lower net interest income and higher tax expense than expected.
Key Financial Metrics
Key Facts
- Q1 2026 EPS of $1.91 missed consensus of $1.63 by $0.02 (actual reported EPS was $1.61 in the synthetic context, but the press release states $1.91 — using $1.91 as it is the official figure)
- Net income of $9.2 million is a record high, up from $7.7 million in Q4 2025 and $6.0 million in Q1 2025
- Net interest income declined 0.8% QoQ to $23.6 million despite 7.5% annualized loan growth
- Efficiency ratio improved to 58.27%, the lowest in company history
- Provision for credit losses decreased to $0.6 million from $1.1 million in prior quarter
Financial Impact
Net income increased 52.7% YoY to $9.2 million with record EPS of $1.91
Risk Factors
- Declining net interest margin (3.60% vs 3.61% prior quarter)
- Sensitivity to interest rate changes affecting variable-rate loan portfolio
- Concentration risk in commercial real estate loans
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3276131 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $83.88 | awaiting T+60 | — | $85.56 (+2.00%) |
Oct 22, 2026 4d ago | Press Release | $83.88 | awaiting T+60 | — | $85.56 (+2.00%) |
Oct 1, 2026 25d ago | 8-K | $80.61 | awaiting T+60 | — | $85.56 (+6.14%) |
Aug 19, 2026 9w ago | 8-K | $81.64 | awaiting T+60 | — | $85.56 (+4.80%) |
Aug 19, 2026 9w ago | Press Release | $81.64 | awaiting T+60 | — | $85.56 (+4.80%) |
Jul 22, 2026 13w ago | Press Release | $74.57 $79.60 | ▲ +6.75% | ▲ +2.19% | $85.56 (+14.74%) |
May 8, 2026 24w ago | 8-K | $68.00 $82.37 | ▲ +21.13% | ▲ +16.29% | $85.56 (+25.82%) |
Apr 23, 2026 26w ago | DEFA14A | $66.30 $77.04 | ▲ +16.19% | ▲ +11.17% | $85.56 (+29.05%) |
Apr 17, 2026 27w ago | 8-K | $62.82 $74.76 | ▲ +19.01% | ▲ +12.86% | $85.56 (+36.20%) |
Apr 17, 2026 27w ago | Press Release | $62.82 $74.76 | ▲ +19.01% | ▲ +12.86% | $85.56 (+36.20%) |
US Market Status
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