The strong earnings beat and NIM expansion reinforce the benefits of the 2025 balance sheet repositioning. With solid commercial loan growth, improving deposit mix, and a pending national bank charter conversion, the stock should trade well near term. Watch for continued margin expansion and potential share buyback execution (200,816 remaining authorization).
Price Chart
Executive Summary
Chemung Financial reported Q2 2026 EPS of $1.82, beating consensus of $1.76 (beat by 3.4%), and revenue of $31.2M above the $30.5M estimate. Net interest income surged 18.8% YoY to $24.7M, net interest margin expanded 62 bps to 3.67%, and commercial loan growth remained robust at 13.0% annualized YTD, confirming the success of the 2025 balance sheet repositioning.
Key Financial Metrics
Key Facts
- Q2 2026 EPS $1.82 beat consensus $1.76 by 3.4%
- Revenue $31.2M beat $30.5M estimate, driven by 18.8% YoY net interest income growth to $24.7M
- Net interest margin expanded 62 bps YoY to 3.67% from 3.05%
- Commercial loan growth annualized 13.0% year-to-date; total loan growth annualized 8.7%
- Non-performing loans increased to 0.39% of total loans from 0.35% at year-end 2025, with allowance coverage of 275%
- Dividend declared $0.34 per share, up from $0.32 in prior year quarter
- Bank received conditional OCC approval to convert to national charter
Financial Impact
EPS beat of $0.06 vs estimate; net interest income up $3.9M YoY; net interest margin +0.62pp YoY
Risk Factors
- Net interest margin compression if the Fed cuts rates significantly
- Rising non-performing loans (up to 0.39% from 0.35% year-end 2025) warrant monitoring
- Execution risk related to the national charter conversion
- Consumer loan runoff and slower indirect auto lending
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3331704 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $83.88 | awaiting T+60 | — | $83.88 (−0.00%) |
Oct 22, 2026 4d ago | Press Release | $83.88 | awaiting T+60 | — | $83.88 (−0.00%) |
Oct 1, 2026 25d ago | 8-K | $80.61 | awaiting T+60 | — | $83.88 (+4.06%) |
Aug 19, 2026 9w ago | 8-K | $81.64 | awaiting T+60 | — | $83.88 (+2.74%) |
Aug 19, 2026 9w ago | Press Release | $81.64 | awaiting T+60 | — | $83.88 (+2.74%) |
Jul 22, 2026 13w ago | Press Release | $74.57 $79.60 | ▲ +6.75% | ▲ +2.19% | $83.88 (+12.48%) |
May 8, 2026 24w ago | 8-K | $68.00 $82.37 | ▲ +21.13% | ▲ +16.29% | $83.88 (+23.35%) |
Apr 23, 2026 26w ago | DEFA14A | $66.30 $77.04 | ▲ +16.19% | ▲ +11.17% | $83.88 (+26.52%) |
Apr 17, 2026 27w ago | 8-K | $62.82 $74.76 | ▲ +19.01% | ▲ +12.86% | $83.88 (+33.52%) |
Apr 17, 2026 27w ago | Press Release | $62.82 $74.76 | ▲ +19.01% | ▲ +12.86% | $83.88 (+33.52%) |
US Market Status
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