Summary:Chemung Financial Corporation reported net income of $11.0 million for the twelve months ended December 31, 2012, an increase of $0.5 million, or 4.6%, compared with $10.5 million for the twelve months ended December 31, 2011. Earnings per share for the twelve months ended December 31, 2012, was $2.38 compared with $2.40 for the twelve months ended December 31, 2011. Return on average assets and return on average equity for the twelve months ended December 31, 2012, were 0.88% and 8.41%, respectively, compared with 0.90% and 8.77%, respectively, for the prior year.
Chemung Financial Reports Record Earnings
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