Chemung Financial Corporation

Chemung Financial Corporation reported net income of $15.1 million for FY 2025, a decrease of 36.2% from $23.7 million in FY 2024. This decline was primarily driven by a $17.5 million loss on the sale of available-for-sale securities, which reduced non-interest income to $7.9 million from $23.2 million the prior year. Excluding this nonrecurring loss, adjusted net income was $27.9 million. Net interest income increased 17.7% to $87.2 million, supported by loan growth and a lower cost of funds. The provision for credit losses was $4.4 million, compared to a credit of $46 thousand in FY 2024. Total assets were $2.71 billion, with loans net of $2.25 billion and total deposits of $2.27 billion. Shareholders' equity increased to $254.7 million, and the company maintained a well-capitalized regulatory position.

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