Chemung Financial: 4Q Earnings Snapshot

Finance

ELMIRA, N.Y. (AP) _ Chemung Financial Corp. (CHMG) on Wednesday reported fourth-quarter net income of $4.2 million.

The Elmira, New York-based bank said it had earnings of 87 cents per share.

The financial holding company posted revenue of $21.9 million in the period. Its revenue net of interest expense was $20.3 million, falling short of Street forecasts.

For the year, the company reported profit of $15.6 million, or $3.21 per share. Revenue was reported as $80.7 million.

Chemung Financial shares have declined nearly 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.81, a climb of almost 1% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHMG at https://www.zacks.com/ap/CHMG

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