Chemung Financial Corporation (CHMG) Income Statement Analysis

See more : Life Insurance Corporation of India (LICI.NS) 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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.chemungcanal.com

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	61.38M	-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	97.96M	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	97.96M	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

This is Why Chemung Financial (CHMG) is a Great Dividend Stock

July 28, 2022zacks.com

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chemung Financial (CHMG) have what it takes?

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July 27, 2022zacks.com

CEQP, FMX, and CHMG made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 27, 2022.

Chemung Financial (CHMG) Q2 Earnings and Revenues Surpass Estimates

July 21, 2022zacks.com

Chemung Financial (CHMG) delivered earnings and revenue surprises of 42.50% and 1.71%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

New Strong Buy Stocks for July 14th

July 14, 2022zacks.com

CHMG, CQP, VRNA, JBI and SYY have been added to the Zacks Rank #1 (Strong Buy) List on July 14, 2022.

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July 14, 2022zacks.com

CHMG, JBI, and SYY made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 14, 2022.

Best Income Stocks to Buy for July 14th

July 14, 2022zacks.com

CHMG, SYY, and CQP made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 14, 2022.

Chemung Financial (CHMG) Upgraded to Strong Buy: Here's Why

June 21, 2022zacks.com

Chemung Financial (CHMG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Should Value Investors Buy Chemung Financial Corp (CHMG) Stock?

June 10, 2022zacks.com

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...