markets · · seekingalpha.com
Chemung Financial: Strong Q3 2026 Results But Watch Out For Balance Sheet Constraints
Chemung Financial Corporation is rated BUY, justified by above-sector EPS and ROE growth and strong 3Q26 results. CHMG's expansion in Western New York leverages semiconductor supply chain growth, supporting future commercial loan and deposit growth. Loan growth (+9% YoY) outpaces deposits (+1% YoY), pushing the loan-to-deposit ratio to 101%, potentially constraining future lending.
Chemung Financial Corporation is rated BUY, justified by above-sector EPS and ROE growth and strong 3Q26 results. CHMG's expansion in Western New York leverages semiconductor supply chain growth, supporting future commercial loan and deposit growth. Loan growth (+9% YoY) outpaces deposits (+1% YoY), pushing the loan-to-deposit ratio to 101%, potentially constraining future lending.
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