Overview
U.S. bank's net interest income for Q4 rose 20.2% yr/yr, driven by increased interest income on loans and decreased interest expense on deposits
Provision for credit losses increased due to loan growth and model changes
Outlook
Company enters 2026 focused on strengthening capabilities and enhancing customer service
Result Drivers
NET INTEREST MARGIN - Co reported a 16 basis point increase in net interest margin to 3.61% in Q4 2025, attributed to strategic repositioning and disciplined funding cost management
COMMERCIAL LOAN GROWTH - Co experienced strong commercial loan growth, particularly in the Canal Bank division, contributing to increased net interest income
BALANCE SHEET REPOSITIONING - Sales of available for sale securities reduced interest expenses and reliance on customer time deposits, supporting loan growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Income | $7.74 mln | $7.78 mln (2 Analysts) | |
Q4 Net Interest Income | $23.84 mln | ||
Q4 Provision For Credit losses | $1.14 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Chemung Financial Corp is $64.25, about 13.1% above its January 23 closing price of $56.80
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nGNXc9qtK3
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)