Chemung Financial Corp posts $28.78 million annual profit

Chemung Financial Corp [CHMG]  has posted annual profit of $28.78 million for the year ended Dec 31,2022.

The company based in New York(NY)reported a fellin revenue to $4.60 milion for the year when compared to $69.01 million in the previous year.

A filing from the company with the Securities and Exchange Commission on Mar 22,2023 showed that its revenue is  up 93.33% year-over-year.

The company reported basic earnings per share of $6.13 and diluted earnings per share of $6.13.

Chemung Financial Corp operates in the State Commercial Banks sector.