CHMG
Income statement / Annual
Last year (2023), Chemung Financial Corporation's total revenue was $95.74 M,
an increase of 1.19% from the previous year.
In 2023, Chemung Financial Corporation's net income was $25.00 M.
See Chemung Financial Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$95.74 M
|
$94.61 M
|
$88.42 M
|
$82.87 M
|
$79.90 M
|
$82.69 M
|
$76.78 M
|
$72.81 M
|
$70.40 M
|
$75.51 M
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$13.15 M |
$13.23 M |
$13.22 M |
| Gross Profit |
$95.74 M |
$94.61 M |
$88.42 M |
$82.87 M |
$79.90 M |
$82.69 M |
$76.78 M |
$59.66 M |
$57.17 M |
$62.29 M |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
0.82 |
0.81 |
0.82 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$35.65 M
|
$34.08 M
|
$31.91 M
|
$30.79 M
|
$29.86 M
|
$28.99 M
|
$26.99 M
|
$28.28 M
|
$28.21 M
|
$28.16 M
|
| Selling & Marketing
Expenses |
$923,000.00
|
$941,000.00
|
$792,000.00
|
$631,000.00
|
$932,000.00
|
$1.18 M
|
$794,000.00
|
$877,000.00
|
$899,000.00
|
$1.08 M
|
| Selling, General &
Administrative Expenses |
$53.95 M
|
$35.02 M
|
$32.70 M
|
$31.42 M
|
$30.79 M
|
$30.17 M
|
$27.78 M
|
$29.16 M
|
$29.11 M
|
$29.24 M
|
| Other Expenses |
$0.00 |
-$20.77 M |
-$87.36 M |
-$90.42 M |
-$91.65 M |
-$85.15 M |
-$17.96 M |
-$18.34 M |
$0.00 |
$0.00 |
| Operating Expenses |
$97.96 M |
$941,000.00 |
-$54.66 M |
-$59.00 M |
-$60.85 M |
-$54.98 M |
$794,000.00 |
$877,000.00 |
$899,000.00 |
$1.08 M |
| Cost And Expenses |
$106.02 M |
$941,000.00 |
-$54.66 M |
-$59.00 M |
-$60.85 M |
-$54.98 M |
$794,000.00 |
$14.02 M |
$14.13 M |
$14.30 M |
| Interest Income |
$113.07 M |
$81.48 M |
$69.01 M |
$66.91 M |
$66.93 M |
$64.55 M |
$60.06 M |
$56.17 M |
$54.24 M |
$53.21 M |
| Interest Expense |
$38.62 M |
$7.30 M |
$3.42 M |
$3.99 M |
$6.32 M |
$4.07 M |
$3.07 M |
$3.84 M |
$3.60 M |
$3.65 M |
| Depreciation &
Amortization |
$2.80 M
|
$3.03 M
|
$3.50 M
|
$4.24 M
|
$4.43 M
|
$4.17 M
|
$4.56 M
|
$5.19 M
|
$1.14 M
|
$1.31 M
|
| EBITDA |
$34.30 M
|
$39.92 M
|
$37.26 M
|
$28.13 M
|
$23.48 M
|
$27.81 M
|
$19.26 M
|
$19.62 M
|
$19.27 M
|
$17.04 M
|
| EBITDA Ratio |
0.36 |
0.47 |
0.38 |
0.29 |
0.25 |
0.34 |
0.29 |
0.32 |
0.32 |
0.27 |
| Operating Income Ratio
|
0.33
|
0.47
|
0.38
|
0.29
|
0.24
|
0.34
|
0.28
|
0.29
|
0.29
|
0.35
|
| Total Other
Income/Expenses Net |
$0.00
|
-$8.73 M
|
-$7.98 M
|
-$9.25 M
|
-$8.25 M
|
-$9.84 M
|
-$9.81 M
|
-$6.72 M
|
-$6.36 M
|
-$14.89 M
|
| Income Before Tax |
$31.50 M |
$36.89 M |
$33.76 M |
$23.87 M |
$19.04 M |
$23.64 M |
$18.63 M |
$14.43 M |
$14.09 M |
$12.52 M |
| Income Before Tax Ratio
|
0.33
|
0.39
|
0.38
|
0.29
|
0.24
|
0.29
|
0.24
|
0.2
|
0.2
|
0.17
|
| Income Tax Expense |
$6.50 M |
$8.11 M |
$7.34 M |
$4.61 M |
$3.43 M |
$4.01 M |
$8.27 M |
$4.40 M |
$4.66 M |
$3.96 M |
| Net Income |
$25.00 M |
$28.78 M |
$26.43 M |
$19.26 M |
$15.61 M |
$19.63 M |
$10.37 M |
$10.03 M |
$9.43 M |
$8.56 M |
| Net Income Ratio |
0.26 |
0.3 |
0.3 |
0.23 |
0.2 |
0.24 |
0.14 |
0.14 |
0.13 |
0.11 |
| EPS |
5.28 |
6.13 |
5.64 |
4.01 |
3.21 |
4.06 |
2.16 |
2.11 |
2 |
1.83 |
| EPS Diluted |
5.28 |
6.13 |
5.64 |
4.01 |
3.21 |
4.06 |
2.16 |
2.11 |
2 |
1.83 |
| Weighted Average Shares
Out |
$4.73 M
|
$4.69 M
|
$4.68 M
|
$4.80 M
|
$4.87 M
|
$4.83 M
|
$4.80 M
|
$4.76 M
|
$4.72 M
|
$4.68 M
|
| Weighted Average Shares
Out Diluted |
$4.73 M
|
$4.69 M
|
$4.68 M
|
$4.80 M
|
$4.87 M
|
$4.83 M
|
$4.80 M
|
$4.76 M
|
$4.72 M
|
$4.68 M
|
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