What is the size of Chemung Financial's share repurchase program?

The company announced a program to repurchase up to 250,000 shares in January 2021. As of June 30, 2026, it has repurchased 49,184 shares, leaving approximately 200,816 shares remaining under the original authorization. The filing does not mention a new or expanded authorization.

How does this buyback compare to the company's current size?

With 4.8 million shares outstanding and a market cap of $360.8 million, the 49,184 shares repurchased represents less than 1% of shares outstanding. The buyback is modest in absolute terms and reflects a measured capital-return strategy typical of smaller community banks.

What is Chemung Financial's broader capital-return strategy?

The company combines share repurchases with dividends. In 2025, it increased its quarterly dividend by $0.03 per share (9.7%) to $0.34 per share, reflecting management's focus on both dividends and modest buybacks. Year-to-date 2026, the company's dividend payout ratio was 18%, indicating room for capital deployment.

Why doesn't the filing disclose the average price paid or execution method?

The investor presentation format does not require disclosure of execution details such as average price, timing, or Rule 10b-18 compliance. These details typically appear in quarterly SEC filings (10-Q) or annual reports (10-K), not in earnings presentation decks.

Does this filing announce a new or expanded buyback program?

No. This filing is a second-quarter 2026 investor presentation that reports historical execution of the January 2021 program. It does not announce, authorize, or expand any new repurchase program.

What is the execution mechanism for the buyback?

The filing does not specify whether repurchases were executed under Rule 10b-18 open-market purchases, a 10b5-1 plan, or another mechanism. Standard community bank practice typically involves Rule 10b-18 compliant open-market purchases, but this filing does not confirm the method.

CHMG 8-K Filed 2026-07-27 Execution disclosure

Chemung Financial repurchased 49,184 shares under Jan 2021 program

Community bank continues modest buyback program authorized five years ago; 49K of 250K authorized shares repurchased to date.

Shares repurchased49K

MechanismNot specified

What the filing says

Chemung Financial Corporation (NASDAQ: CHMG), a $2.8 billion community bank holding company, disclosed in its second-quarter 2026 investor presentation that it has repurchased 49,184 shares under a share repurchase program announced in January 2021. The original program authorized 250,000 shares.

As of June 30, 2026, the company had executed roughly 20% of the authorized share count, leaving approximately 200,816 shares remaining under the original authorization. The filing does not disclose the average price paid, execution mechanism, or the specific timing of these repurchases, nor does it reference a new or expanded authorization in this filing.

The buyback activity is modest relative to the company's current market capitalization of $360.8 million and outstanding share count of approximately 4.8 million shares as of the filing date. The company is also increasing its quarterly dividend—increased $0.03 per share (9.7%) to $0.34 per share in 2025—signaling a combined capital-return strategy through both dividends and share repurchases.

Announced share repurchase program of 250,000 shares in January 2021 ▪ As of June 30, 2026: 49,184 shares had been repurchased — CHEMUNG FINANCIAL CORP 8-K filing · View on SEC EDGAR →

What this means

Chemung Financial's buyback activity, while disclosed, remains modest in scale. The company has executed roughly one-fifth of a five-year-old authorization, suggesting a measured approach to share repurchase. With a market cap of $361 million and 4.8 million shares outstanding, the 49,184 shares repurchased represents less than 1% of outstanding shares. The company's parallel dividend increase (9.7% to $0.34 per share) and stated dividend payout ratio of 18% YTD suggest management prioritizes cash return to shareholders through dividends over aggressive repurchases, a conservative capital-allocation stance typical of community banks focused on maintaining ample liquidity and capital ratios.

Frequently asked questions

What is the size of Chemung Financial's share repurchase program?: The company announced a program to repurchase up to 250,000 shares in January 2021. As of June 30, 2026, it has repurchased 49,184 shares, leaving approximately 200,816 shares remaining under the original authorization. The filing does not mention a new or expanded authorization.
How does this buyback compare to the company's current size?: With 4.8 million shares outstanding and a market cap of $360.8 million, the 49,184 shares repurchased represents less than 1% of shares outstanding. The buyback is modest in absolute terms and reflects a measured capital-return strategy typical of smaller community banks.
What is Chemung Financial's broader capital-return strategy?: The company combines share repurchases with dividends. In 2025, it increased its quarterly dividend by $0.03 per share (9.7%) to $0.34 per share, reflecting management's focus on both dividends and modest buybacks. Year-to-date 2026, the company's dividend payout ratio was 18%, indicating room for capital deployment.
Why doesn't the filing disclose the average price paid or execution method?: The investor presentation format does not require disclosure of execution details such as average price, timing, or Rule 10b-18 compliance. These details typically appear in quarterly SEC filings (10-Q) or annual reports (10-K), not in earnings presentation decks.
Does this filing announce a new or expanded buyback program?: No. This filing is a second-quarter 2026 investor presentation that reports historical execution of the January 2021 program. It does not announce, authorize, or expand any new repurchase program.
What is the execution mechanism for the buyback?: The filing does not specify whether repurchases were executed under Rule 10b-18 open-market purchases, a 10b5-1 plan, or another mechanism. Standard community bank practice typically involves Rule 10b-18 compliant open-market purchases, but this filing does not confirm the method.

execution community-bank rule-10b-18 modest-pace five-year-program

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.