CHEMUNG FINANCIAL CORP
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
CHMG$84.75-0.2%Stored close · as of Nov 6, 2026
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| UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWASHINGTON D.C. 20549 FORM 10-Q | |
|---|---|
| ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For Quarterly period ended September 30, 2025
| Or | |
|---|---|
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| Commission File No. 001-35741 | |
| CHEMUNG FINANCIAL CORPORATION | ||
|---|---|---|
| (Exact name of registrant as specified in its charter) | ||
| New York | 16-1237038 | |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |
| One Chemung Canal Plaza, Elmira, NY | 14901 | |
| (Address of principal executive offices) | (Zip Code) | |
| (Registrant's telephone number, including area code) | ||
| Securities registered pursuant to Section 12(b) of the Exchange Act: | ||
|---|---|---|
| Title of each class | Trading Symbol | Name of exchange on which registered |
| Common stock, par value $.01 per share | CHMG | The Nasdaq Stock Market LLC |
| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ | ||||
|---|---|---|---|---|
| Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐ | ||||
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. | ||||
| Large accelerated filer | ☐ | Non-accelerated filer | ☐ | |
| Accelerated filer | ☒ | Smaller reporting company | ☒ | |
| Emerging growth company | ☐ | |||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | ||||
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes ☐ No ☒ | ||||
| As of October 31, 2025, there were 4,794,349 shares of Common Stock, $0.01 par value, outstanding. | ||||
INDEX
| PAGE | ||
|---|---|---|
| Glossary of Abbreviations and Terms | 3 | |
| PART I. | FINANCIAL INFORMATION | |
| Item 1: | Financial Statements – Unaudited | |
| Consolidated Balance Sheets | 6 | |
| Consolidated Statements of Income | 7 | |
| Consolidated Statements of Comprehensive Income | 8 | |
| Consolidated Statements of Shareholders’ Equity | 9 | |
| Consolidated Statements of Cash Flows | 11 | |
| Notes to Unaudited Consolidated Financial Statements | 13 | |
| Item 2: | Management's Discussion and Analysis of Financial Condition and Results of Operations | 46 |
| Item 3: | Quantitative and Qualitative Disclosures About Market Risk | 82 |
| Item 4: | Controls and Procedures | 84 |
| PART II. | OTHER INFORMATION | |
| Item 1: | Legal Proceedings | 85 |
| Item 1A: | Risk Factors | 85 |
| Item 2: | Unregistered Sales of Equity Securities and Use of Proceeds | 85 |
| Item 3: | Defaults Upon Senior Securities | 85 |
| Item 4: | Mine Safety Disclosures | 85 |
| Item 5: | Other Information | 85 |
| Item 6: | Exhibits | 86 |
| SIGNATURES | 87 | |
| EXHIBIT INDEX | ||
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