Chemung Financial (CMHG) Investor presentation summary

Business highlights and strategy

• Maintains strong momentum with high customer engagement and stable deposit base, primarily from legacy markets.

• Strategic balance sheet restructuring and expansion into higher-growth markets like Albany and Buffalo support earnings and growth.

• Wealth management division manages $2.3 billion in assets, providing a dependable non-interest income stream.

• Focuses on operational efficiency, digital enhancements, and community banking values.

• Actively seeks acquisition opportunities in wealth management, whole banks, or branches.

Financial performance and capital management

• Reported 2025 net income of $15.1 million (GAAP) and $27.9 million (non-GAAP), with EPS of $1.61 in Q4 2025.

• Net interest margin expanded to 3.61% in Q4 2025, up 16 bps quarter-over-quarter.

• Annual loan growth reached 9.6%, with commercial loans up 14.3%.

• Raised $45 million in subordinated debt, improved capital ratios, and increased quarterly dividend to $0.34 per share in Q3 2025.

• Efficiency ratio improved to 63.0% in 2025, reflecting cost containment and operational streamlining.

Loan and deposit portfolio

• Total loans at $2.27 billion as of December 31, 2025, with significant growth in commercial and consumer segments.

• CRE non-owner occupied ratios reduced, supporting further growth opportunities.

• Deposit base of $2.27 billion, with a focus on low-cost, stable funding and full repayment of brokered deposits by July 2025.

• Deposit composition remains diversified across consumer, commercial, and public sectors.

• Liquidity sources total $616.9 million, with uninsured deposits at 30.1% of total deposits.