NasdaqGS:CHMGBanks
Chemung Financial (CHMG) Profit Margin Drop Challenges “Defensive Bank” Narrative
Chemung Financial (CHMG) reported a net profit margin of 13.8%, down from 24.5% a year ago, signaling a notable reduction in profitability. Over the past five years, the company's earnings have declined at an average rate of 1.8% per year, with the most recent year also seeing negative earnings growth. Amid these challenges, Chemung Financial’s earnings quality remains high, and its valuation screens as attractive relative to peers despite industrywide pressures on profit margins.
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