Chemung Financial: Q1 Earnings Insights

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Chemung Financial CHMG reported its Q1 earnings results on Thursday, April 20, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Chemung Financial beat estimated earnings by 12.41%, reporting an EPS of $1.54 versus an estimate of $1.37.

Revenue was up $3.03 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.11 which was followed by a 0.82% increase in the share price the next day.

Here's a look at Chemung Financial's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 1.47 1.35 1.19 1.23
EPS Actual 1.58 1.37 1.71 1.46
Revenue Estimate 24.78M 23.70M 22.51M 22.46M
Revenue Actual 26.29M 24.03M 22.96M 22.34M

Listen to the earnings announcement yourself by clicking here.

To track all earnings releases for Chemung Financial visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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