ELMIRA, N.Y. (AP) _ Chemung Financial Corp. (CHMG) on Monday reported third-quarter net income of $5.7 million.

The bank, based in Elmira, New York, said it had earnings of $1.19 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The financial holding company posted revenue of $22.1 million in the period. Its revenue net of interest expense was $21.2 million, also beating Street forecasts.

Chemung Financial shares have fallen 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $34.45, a drop of 20% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHMG at https://www.zacks.com/ap/CHMG

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