See more : Uniper SE (UNPRF) Income Statement Analysis – Financial Results
Complete financial analysis of Chemung Financial Corporation (CHMG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Chemung Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Chemung Financial Corporation (CHMG)
About Chemung Financial Corporation
Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; consumer loans, including home equity lines of credit and home equity term loans; and interest rate swaps, letters of credit, wealth management, employee benefit plans, mutual fund, insurance products, and brokerage services. Further, it provides securities, insurance, and tax preparation services. Additionally, it offers guardian, custodian, and trustee services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts; and various investment, pension, estate planning, and employee benefit administrative services. The company operates 31 branch offices located in 13 counties in New York and Bradford County in Pennsylvania. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 95.74M | 94.61M | 88.42M | 82.87M | 79.90M | 82.69M | 76.78M | 72.81M | 70.40M | 75.51M | 63.46M | 63.28M | 61.38M | 54.57M | 51.11M | 48.61M | 42.56M | 38.86M | 37.75M | 39.53M | 39.21M | 37.45M | 37.64M | 35.96M | 34.85M | 9.02M | 8.32M | 7.85M | 7.30M | 6.31M | 7.03M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.15M | 13.23M | 13.22M | 9.87B | 8.85B | 8.28B | 7.38B | 7.24B | 7.37B | 5.86B | 5.41B | 4.97B | 4.59B | 4.86B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 95.74M | 94.61M | 88.42M | 82.87M | 79.90M | 82.69M | 76.78M | 59.66M | 57.17M | 62.29M | -9.81B | -8.78B | -8.22B | -7.33B | -7.19B | -7.32B | -5.82B | -5.37B | -4.93B | -4.55B | -4.82B | 37.45M | 37.64M | 35.96M | 34.85M | 9.02M | 8.32M | 7.85M | 7.30M | 6.31M | 7.03M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 81.95% | 81.21% | 82.49% | -15,455.94% | -13,878.92% | -13,393.09% | -13,426.58% | -14,070.07% | -15,066.80% | -13,678.64% | -13,828.30% | -13,059.20% | -11,508.39% | -12,300.57% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 35.65M | 34.08M | 31.91M | 30.79M | 29.86M | 28.99M | 26.99M | 28.28M | 28.21M | 28.16M | 26.17M | 25.35M | 26.82M | 23.82M | 25.74M | 15.99M | 14.64M | 13.52M | 13.25M | 3.35M | 12.23M | 12.30M | 11.84M | 10.75M | 10.57M | 10.23M | 8.04M | 9.90M | 9.87M | 8.67M | 8.16M |
| Selling & Marketing | 923.00K | 941.00K | 792.00K | 631.00K | 932.00K | 1.18M | 794.00K | 877.00K | 899.00K | 1.08M | 1.03M | 1.07M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 36.58M | 35.02M | 32.70M | 31.42M | 30.79M | 30.17M | 27.78M | 29.16M | 29.11M | 29.24M | 27.20M | 26.42M | 26.82M | 23.82M | 25.74M | 15.99M | 14.64M | 13.52M | 13.25M | 3.35M | 12.23M | 12.30M | 11.84M | 10.75M | 10.57M | 10.23M | 8.04M | 9.90M | 9.87M | 8.67M | 8.16M |
| Other Expenses | 0.00 | -20.77M | -87.36M | -90.42M | -91.65M | -85.15M | -17.96M | -18.34M | 0.00 | 0.00 | 0.00 | 0.00 | 67.40K | 393.01K | 2.24M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -23.89M | -15.30M | -11.90M | -14.14M | 9.10M | 10.26M | 6.72M | 5.51M | 2.28M | 1.92M |
| Operating Expenses | 53.95M | 941.00K | -54.66M | -59.00M | -60.85M | -54.98M | 794.00K | 877.00K | 899.00K | 1.08M | 1.03B | 2.51B | 24.90B | 15.72B | 21.54B | 20.93B | 21.38B | 19.90B | 17.98B | 17.35B | 20.50B | -11.59M | -3.46M | -1.15M | -3.58M | 19.33M | 18.30M | 16.62M | 15.39M | 10.96M | 10.08M |
| Cost & Expenses | 53.95M | 941.00K | -54.66M | -59.00M | -60.85M | -54.98M | 794.00K | 14.02M | 14.13M | 14.30M | 10.90B | 11.36B | 33.18B | 23.10B | 28.78B | 28.30B | 27.25B | 25.31B | 22.95B | 21.93B | 25.36B | -11.59M | -3.46M | -1.15M | -3.58M | 19.33M | 18.30M | 16.62M | 15.39M | 10.96M | 10.08M |
| Interest Income | 113.07M | 81.48M | 69.01M | 66.91M | 66.93M | 64.55M | 60.06M | 56.17M | 54.24M | 53.21M | 50.66M | 52.08M | 50.65M | 42.75M | 44.49M | 45.44M | 43.88M | 39.62M | 35.96M | 36.20M | 38.70M | 44.22M | 49.12M | 47.98M | 44.18M | 41.41M | 39.37M | 37.51M | 36.08M | 29.58M | 28.46M |
| Interest Expense | 38.62M | 7.30M | 3.42M | 3.99M | 6.32M | 4.07M | 3.07M | 3.84M | 3.60M | 3.65M | 4.03M | 5.30M | 6.80M | 8.22M | 11.33M | 14.77M | 17.94M | 15.08M | 11.22M | 10.95M | 12.84M | 17.09M | 21.69M | 22.05M | 18.73M | 17.67M | 16.10M | 15.04M | 14.23M | 10.28M | 9.79M |
| Depreciation & Amortization | 2.80M | 3.03M | 3.50M | 4.24M | 4.43M | 4.17M | 4.56M | 5.19M | 1.14M | 1.31M | 921.00K | 1.05M | 3.90M | 3.51M | 3.73M | 4.03M | 3.30M | 3.11M | 3.03M | 3.09M | 3.99M | 3.07M | 2.04M | 2.24M | 2.53M | 2.05M | 1.48M | 1.44M | 1.25M | 986.18K | 971.07K |
| EBITDA | 34.30M | 39.92M | 37.26M | 28.13M | 23.48M | 27.81M | 19.26M | 19.62M | 19.27M | 17.04M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 35.83% | 46.72% | 38.46% | 29.39% | 24.60% | 34.40% | 29.07% | 32.22% | 32.49% | 27.39% | 32.69% | 40.60% | 42.80% | 49.35% | 43.35% | 64.17% | 75.24% | 70.52% | 61.96% | 67.25% | 67.14% | 77.24% | 96.23% | 103.03% | 97.00% | 337.10% | 337.89% | 330.15% | 327.92% | 289.32% | 257.35% |
| Operating Income | 31.50M | 44.19M | 33.76M | 23.87M | 19.04M | 27.71M | 21.46M | 21.15M | 20.45M | 26.76M | 18.08B | 17.29B | 17.46B | 19.64B | 15.71B | 17.14B | 16.63B | 14.31B | 13.01B | 14.27B | 13.35B | 25.86M | 34.18M | 34.80M | 31.28M | 28.35M | 26.62M | 24.47M | 22.69M | 17.27M | 17.11M |
| Operating Income Ratio | 32.90% | 46.70% | 38.18% | 28.80% | 23.83% | 33.51% | 27.95% | 29.05% | 29.05% | 35.43% | 28,486.38% | 27,321.85% | 28,452.29% | 36,000.49% | 30,738.27% | 35,256.67% | 39,066.31% | 36,831.72% | 34,472.51% | 36,099.47% | 34,036.74% | 69.04% | 90.81% | 96.80% | 89.74% | 314.40% | 320.06% | 311.79% | 310.79% | 273.68% | 243.53% |
| Total Other Income/Expenses | 0.00 | -8.73M | -7.98M | -9.25M | -8.25M | -9.84M | -9.81M | -6.72M | -6.36M | -14.89M | -9.09M | -1.42M | -2.32M | -393.01K | -3.69M | -803.22K | 671.92K | -18.19M | 0.00 | 0.00 | -3.86B | -17.09M | -21.69M | -22.05M | -18.73M | -17.67M | -16.10M | -15.04M | -14.23M | -10.28M | -8.85M |
| Income Before Tax | 31.50M | 36.89M | 33.76M | 23.87M | 19.04M | 23.64M | 18.63M | 14.43M | 14.09M | 12.52M | 12.55M | 16.41M | 15.57M | 15.21M | 7.09M | 12.39M | 10.79M | 9.21M | 9.14M | 12.54M | 9.49M | 8.76M | 12.48M | 12.75M | 12.55M | 10.68M | 10.52M | 9.42M | 8.46M | 6.99M | 8.26M |
| Income Before Tax Ratio | 32.90% | 38.99% | 38.18% | 28.80% | 23.83% | 28.58% | 24.27% | 19.82% | 20.02% | 16.58% | 19.78% | 25.92% | 25.37% | 27.87% | 13.88% | 25.49% | 25.35% | 23.70% | 24.20% | 31.74% | 24.20% | 23.39% | 33.17% | 35.46% | 36.01% | 118.48% | 126.52% | 120.10% | 115.91% | 110.80% | 117.53% |
| Income Tax Expense | 6.50M | 8.11M | 7.34M | 4.61M | 3.43M | 4.01M | 8.27M | 4.40M | 4.66M | 3.96M | 3.82M | 5.38M | 5.03M | 5.11M | 1.86M | 4.03M | 3.53M | 2.62M | 2.55M | 3.81M | 2.54M | 2.22M | 3.99M | 3.99M | 4.16M | 3.39M | 3.67M | 3.27M | 2.86M | 2.34M | 2.83M |
| Net Income | 25.00M | 28.78M | 26.43M | 19.26M | 15.61M | 19.63M | 10.37M | 10.03M | 9.43M | 8.56M | 8.73M | 11.02M | 10.54M | 10.10M | 5.23M | 8.35M | 7.26M | 6.59M | 6.59M | 8.73M | 6.95M | 6.54M | 8.49M | 8.76M | 8.39M | 7.30M | 6.86M | 6.16M | 5.60M | 4.65M | 4.49M |
| Net Income Ratio | 26.11% | 30.42% | 29.89% | 23.24% | 19.54% | 23.73% | 13.50% | 13.77% | 13.40% | 11.33% | 13.76% | 17.42% | 17.17% | 18.51% | 10.24% | 17.19% | 17.05% | 16.96% | 17.46% | 22.09% | 17.73% | 17.46% | 22.57% | 24.35% | 24.08% | 80.93% | 82.44% | 78.47% | 76.74% | 73.67% | 63.97% |
| EPS | 5.28 | 6.13 | 5.64 | 4.01 | 3.21 | 4.06 | 2.16 | 2.11 | 2.00 | 1.83 | 1.87 | 2.38 | 2.40 | 2.80 | 1.45 | 2.32 | 2.02 | 1.81 | 1.79 | 2.32 | 1.82 | 1.66 | 2.10 | 2.14 | 2.03 | 1.77 | 1.66 | 1.48 | 1.34 | 1.23 | 1.19 |
| EPS Diluted | 5.28 | 6.13 | 5.64 | 4.01 | 3.21 | 4.06 | 2.16 | 2.11 | 2.00 | 1.83 | 1.87 | 2.38 | 2.40 | 2.80 | 1.45 | 2.32 | 2.02 | 1.81 | 1.79 | 2.32 | 1.82 | 1.66 | 2.10 | 2.14 | 2.03 | 1.77 | 1.66 | 1.48 | 1.34 | 1.23 | 1.19 |
| Weighted Avg Shares Out | 4.73M | 4.69M | 4.68M | 4.80M | 4.87M | 4.83M | 4.80M | 4.76M | 4.72M | 4.68M | 4.66M | 4.64M | 4.38M | 3.61M | 3.60M | 3.59M | 3.59M | 3.64M | 3.69M | 3.76M | 3.82M | 3.94M | 4.05M | 4.09M | 4.13M | 4.12M | 4.14M | 4.16M | 4.18M | 3.80M | 3.79M |
| Weighted Avg Shares Out (Dil) | 4.73M | 4.69M | 4.68M | 4.80M | 4.87M | 4.83M | 4.80M | 4.76M | 4.72M | 4.68M | 4.66M | 4.64M | 4.38M | 3.61M | 3.60M | 3.59M | 3.59M | 3.64M | 3.69M | 3.76M | 3.82M | 3.94M | 4.05M | 4.09M | 4.13M | 4.12M | 4.14M | 4.16M | 4.18M | 3.80M | 3.79M |
Are Investors Undervaluing Chemung Financial Corp (CHMG) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Chemung Financial Corporation Announces Quarterly Dividend
ELMIRA, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on January 2, 2025, to common stock shareholders of...
Is Chemung Financial Corp (CHMG) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Should Value Investors Buy Chemung Financial Corp (CHMG) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Chemung Financial (CHMG) Surpasses Q3 Earnings and Revenue Estimates
Chemung Financial (CHMG) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $1.21 per share a year ago.
Chemung Financial Corporation Reports Third Quarter 2024 Net Income of $5.7 million, or $1.19 per share
ELMIRA, N.Y., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $5.7 million, or $1.19 per share, for the third quarter...
Chemung Financial Corporation Announces Quarterly Dividend
ELMIRA, N.Y., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on October 1, 2024, to common stock shareholders of...
Chemung Financial (CHMG) Misses Q2 Earnings and Revenue Estimates
Chemung Financial (CHMG) came out with quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.33 per share a year ago.
Chemung Financial Corporation Reports Second Quarter 2024 Net Income of $5.0 million, or $1.05 per share
ELMIRA, N.Y., July 18, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $5.0 million, or $1.05 per share, for the second quarter...
Chemung Financial Corporation Announces Quarterly Dividend
ELMIRA, N.Y., May 21, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on July 1, 2024, to common stock shareholders of...
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