NASDAQ : CHMG
Chemung Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 87.6 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 423.98M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 130.25M | 120.38M | 112.13M | 97.23M | 68.05M | 58.86M |
| Interest Income on Investments | 8.57M | 12.46M | 15.44M | 15.85M | 13.42M | 10.15M |
| Total Interest Income | 138.81M | 132.84M | 127.56M | 113.07M | 81.47M | 69.01M |
| Interest Paid on Deposits | 35.46M | 41.79M | 50.05M | 35.93M | 6.66M | 3.28M |
| Interest Paid on Borrowings | 5.59M | 3.88M | 3.45M | 2.69M | 641.00K | 135.00K |
| Total Interest Expense | 41.04M | 45.68M | 53.51M | 38.62M | 7.30M | 3.42M |
| Net Interest Income | 97.77M | 87.16M | 74.06M | 74.46M | 74.18M | 65.59M |
| Trust Income | 12.60M | 11.95M | 11.57M | 10.46M | 10.28M | 11.07M |
| Gain (Loss) on Sale of Investments | 174.00K | -17.29M | 179.00K | 64.00K | -349.00K | 246.00K |
| Other Non-Interest Income | 8.56M | 8.60M | 7.24M | 9.93M | 7.55M | 8.28M |
| Total Non-Interest Income | 25.80M | 7.95M | 23.23M | 24.55M | 21.44M | 23.87M |
| Revenues Before Loan Losses | 123.58M | 95.10M | 97.29M | 99.01M | 95.61M | 89.46M |
| Provision for Loan Losses | -304.00K | 4.44M | -46.00K | 3.26M | -554.00K | 17.00K |
| Revenue | 123.88M | 90.67M | 97.33M | 95.74M | 96.17M | 89.44M |
| Salaries and Employee Benefits | 38.79M | 37.53M | 34.37M | 32.37M | 29.99M | 28.23M |
| Occupancy Expenses | 4.99M | 4.81M | 4.83M | 4.64M | 4.54M | 4.87M |
| Federal Deposit Insurance | 1.21M | 1.52M | 2.12M | 2.13M | 1.36M | 1.41M |
| Amortization of Goodwill & Intangibles | 15.00K | 243.00K | ||||
| Selling, General & Administrative | 18.80M | 18.17M | 17.55M | 16.94M | 16.02M | 14.60M |
| Other Non-Interest Expense | 9.42M | 8.67M | 8.22M | 8.19M | 7.36M | 6.29M |
| Total Non-Interest Expense | 73.25M | 70.73M | 67.25M | 64.24M | 59.28M | 55.68M |
| EBT Excluding Unusual Items | 50.63M | 19.94M | 30.09M | 31.50M | 36.89M | 33.76M |
| Pretax Income | 50.63M | 19.94M | 30.09M | 31.50M | 36.89M | 33.76M |
| Income Tax Expense | 12.18M | 4.83M | 6.41M | 6.50M | 8.11M | 7.33M |
| Net Income | 38.46M | 15.10M | 23.67M | 25.00M | 28.78M | 26.43M |
| Net Income to Common | 38.46M | 15.10M | 23.67M | 25.00M | 28.78M | 26.43M |
| Basic Shares Outstanding | 4.83M | 4.80M | 4.77M | 4.73M | 4.69M | 4.68M |
| Diluted Shares Outstanding | 4.83M | 4.80M | 4.77M | 4.73M | 4.69M | 4.68M |
| EPS (Basic) | 7.97 | 3.14 | 4.96 | 5.28 | 6.13 | 5.64 |
| EPS (Diluted) | 7.97 | 3.14 | 4.96 | 5.28 | 6.13 | 5.64 |
| Dividend Per Share | 1.38 | 1.32 | 1.24 | 1.24 | 1.24 | 1.19 |
| Effective Tax Rate | 24.05% | 24.24% | 21.32% | 20.64% | 21.97% | 21.73% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 71.84M | 48.50M | 45.44M | 35.25M | 54.27M | 17.78M |
| Investment Securities | 5.23M | 31.70M | 169.55M | 184.00M | 203.31M | 221.52M |
| Trading Asset Securities | 17.28M | 23.83M | 23.94M | 26.71M | 9.27M | |
| Mortgage-Backed Securities | 253.43M | 253.31M | 365.93M | 403.82M | 435.13M | 577.36M |
| Total Investments | 258.66M | 302.28M | 559.31M | 611.77M | 665.15M | 808.15M |
| Gross Loans | 2.40B | 2.27B | 2.07B | 1.97B | 1.83B | 1.52B |
| Allowance for Loan Losses | -25.21M | -24.21M | -21.39M | -22.52M | -19.66M | -21.02M |
| Net Loans | 2.38B | 2.25B | 2.05B | 1.95B | 1.81B | 1.50B |
| Property, Plant & Equipment | 20.73M | 20.16M | 21.82M | 20.22M | 22.56M | 25.20M |
| Goodwill | 21.82M | 21.82M | 21.82M | 21.82M | 21.82M | 21.82M |
| Other Intangible Assets | 15.00K | |||||
| Loans Held for Sale | 2.46M | 2.10M | 396.00K | |||
| Accrued Interest Receivable | 88.20M | 9.30M | 8.50M | 8.50M | 6.95M | 5.99M |
| Restricted Cash | 1.60M | 1.60M | 1.60M | 1.60M | 9.20M | |
| Other Real Estate Owned & Foreclosed | 2.28M | 257.00K | 652.00K | 326.00K | 195.00K | 113.00K |
| Other Long-Term Assets | 52.40M | 57.85M | 55.40M | 55.02M | 28.37M | |
| Total Assets | 2.85B | 2.71B | 2.78B | 2.71B | 2.65B | 2.42B |
| Interest Bearing Deposits | 1.72B | 1.55B | 1.67B | 1.70B | 1.56B | 1.39B |
| Institutional Deposits | 98.71M | 101.12M | 76.80M | 31.55M | 28.80M | |
| Non-Interest Bearing Deposits | 664.38M | 624.53M | 625.76M | 653.17M | 733.33M | 739.61M |
| Total Deposits | 2.39B | 2.27B | 2.40B | 2.43B | 2.33B | 2.16B |
| Short-Term Borrowings | 104.52M | 132.96M | 55.90M | 122.57M | 33.79M | |
| Current Portion of Leases | 1.47M | |||||
| Accrued Interest Payable | 53.85M | 400.00K | 500.00K | 700.00K | 447.00K | 210.00K |
| Other Current Liabilities | 1.47M | 1.46M | 1.45M | |||
| Long-Term Debt | 132.28M | 44.03M | ||||
| Long-Term Leases | 5.85M | 6.91M | 9.41M | 8.88M | 9.95M | 10.97M |
| Other Long-Term Liabilities | 600.00K | 27.52M | 21.09M | 18.91M | 17.52M | 5.16M |
| Total Liabilities | 2.58B | 2.46B | 2.56B | 2.52B | 2.48B | 2.21B |
| Common Stock | 53.00K | 53.00K | 53.00K | 53.00K | 53.00K | 53.00K |
| Additional Paid-In Capital | 50.12M | 49.55M | 48.78M | 47.77M | 47.33M | 46.90M |
| Retained Earnings | 282.19M | 256.48M | 247.71M | 229.93M | 211.86M | 188.88M |
| Treasury Stock | -14.60M | -15.32M | -16.17M | -16.50M | -17.60M | -17.85M |
| Comprehensive Income & Other | -44.25M | -36.05M | -65.06M | -66.01M | -75.26M | -6.53M |
| Shareholders' Equity | 273.51M | 254.71M | 215.31M | 195.24M | 166.39M | 211.46M |
| Total Liabilities & Equity | 2.85B | 2.71B | 2.78B | 2.71B | 2.65B | 2.42B |
| Total Debt | 138.12M | 156.93M | 142.37M | 64.78M | 132.52M | 44.77M |
| Net Cash (Debt) | -66.28M | -91.15M | -73.11M | -5.59M | -50.07M | -16.08M |
| Net Cash Per Share | -13.73 | -18.97 | -15.33 | -1.18 | -10.67 | -3.43 |
| Filing Date Shares Outstanding | 4.84M | 4.82M | 4.79M | 4.75M | 4.71M | 4.67M |
| Total Common Shares Outstanding | 4.84M | 4.79M | 4.75M | 4.74M | 4.69M | 4.67M |
| Book Value Per Share | 56.51 | 53.16 | 45.29 | 41.21 | 35.44 | 45.25 |
| Tangible Book Value | 251.69M | 232.88M | 193.49M | 173.42M | 144.56M | 189.62M |
| Tangible Book Value Per Share | 52.00 | 48.61 | 40.70 | 36.61 | 30.79 | 40.57 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 15.10M | 23.67M | 25.00M | 28.78M | 26.43M | |
| Depreciation & Amortization | 2.67M | 2.02M | 2.80M | 3.03M | 3.50M | |
| Other Amortization | 56.00K | |||||
| Gain (Loss) on Sale of Assets | -642.00K | -21.00K | -34.00K | -4.00K | 32.00K | |
| Gain (Loss) on Sale of Investments | 1.23M | 2.08M | 2.35M | 4.11M | 5.13M | |
| Total Asset Writedown | 45.00K | 3.00K | ||||
| Provision for Credit Losses | 4.44M | -46.00K | 3.42M | -554.00K | 17.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 224.00K | 214.00K | 144.00K | 503.00K | 847.00K | |
| Accrued Interest Receivable | 361.00K | -486.00K | ||||
| Change in Other Net Operating Assets | 8.68M | -48.00K | -2.57M | -2.54M | 936.00K | |
| Other Operating Activities | 13.81M | 858.00K | -3.38M | 93.00K | -986.00K | |
| Operating Cash Flow | 45.50M | 29.82M | 30.88M | 35.05M | 35.46M | |
| Capital Expenditures | -1.69M | -3.63M | -462.00K | -426.00K | -367.00K | |
| Sale of Property, Plant and Equipment | 1.41M | 44.00K | ||||
| Investment in Securities | 270.62M | 49.54M | 59.26M | 63.82M | -259.74M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -202.08M | -100.46M | -144.16M | -312.36M | 18.20M | |
| Other Investing Activities | -349.00K | -3.62M | 2.70M | -3.98M | -782.00K | |
| Investing Cash Flow | 68.32M | -57.72M | -82.38M | -252.62M | -242.48M | |
| Short-Term Debt Issued | 77.19M | 81.24M | 14.57M | |||
| Long-Term Debt Issued | 45.00M | 729.00K | ||||
| Total Debt Issued | 45.00M | 77.92M | 81.24M | 14.57M | ||
| Short-Term Debt Repaid | -22.00M | -63.89M | ||||
| Long-Term Debt Repaid | -335.00K | -277.00K | -267.00K | -255.00K | ||
| Total Debt Repaid | -22.34M | -64.17M | -267.00K | -255.00K | ||
| Net Debt Issued (Repaid) | 22.66M | 77.92M | -64.17M | 80.97M | 14.31M | |
| Issuance of Common Stock | 536.00K | 430.00K | 601.00K | 424.00K | 426.00K | |
| Repurchase of Common Stock | -396.00K | -344.00K | -316.00K | -933.00K | -1.62M | |
| Common Dividends Paid | -6.33M | -7.37M | -5.84M | -5.80M | -5.32M | |
| Net Increase (Decrease) in Deposit Accounts | -126.21M | -32.54M | 102.20M | 171.79M | 117.66M | |
| Other Financing Activities | -1.03M | |||||
| Financing Cash Flow | -110.76M | 38.10M | 32.48M | 246.46M | 125.47M | |
| Net Cash Flow | 3.06M | 10.19M | -19.02M | 28.89M | -81.56M | |
| Free Cash Flow | 43.81M | 26.19M | 30.42M | 34.62M | 35.09M | |
| Free Cash Flow Margin | 48.32% | 26.91% | 31.77% | 36.00% | 39.24% | |
| Free Cash Flow Per Share | 9.12 | 5.49 | 6.43 | 7.38 | 7.49 | |
| Cash Interest Paid | 47.31M | 53.02M | 36.50M | 6.64M | 3.47M | |
| Cash Income Tax Paid | 6.35M | 6.08M | 7.86M | 5.62M | 5.67M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 429.04M | 267.52M | 232.27M | 235.19M | 214.58M | 216.65M |
| Last Close Price | 86.27 | 54.93 | 46.84 | 46.50 | 41.62 | 40.98 |
| PE Ratio | 11.13 | 17.71 | 9.81 | 9.41 | 7.46 | 8.20 |
| PS Ratio | 3.37 | 2.95 | 2.39 | 2.46 | 2.23 | 2.42 |
| PB Ratio | 1.53 | 1.05 | 1.08 | 1.21 | 1.29 | 1.02 |
| P/FCF Ratio | 9.20 | 6.11 | 8.87 | 7.73 | 6.20 | 6.17 |
| P/OCF Ratio | 8.91 | 5.88 | 7.79 | 7.62 | 6.12 | 6.11 |
| Debt / Equity Ratio | 0.51 | 0.62 | 0.66 | 0.33 | 0.80 | 0.21 |
| Debt / FCF Ratio | 3.58 | 5.44 | 2.13 | 3.83 | 1.28 | |
| Net Debt / Equity Ratio | 0.24 | 0.36 | 0.34 | 0.03 | 0.30 | 0.08 |
| Net Debt / FCF Ratio | 2.08 | 2.79 | 0.18 | 1.45 | 0.46 | |
| Return on Equity (ROE) | 14.82% | 6.43% | 11.53% | 13.83% | 15.24% | 12.85% |
| Return on Assets (ROA) | 1.39% | 0.55% | 0.86% | 0.93% | 1.14% | 1.12% |
| Earnings Yield | 8.99% | 5.65% | 10.19% | 10.63% | 13.41% | 12.20% |
| FCF Yield | 10.87% | 16.38% | 11.28% | 12.93% | 16.13% | 16.20% |
| Dividend Yield | 1.62% | 2.36% | 2.54% | 2.50% | 2.71% | 2.57% |
| Payout Ratio | 17.32% | 41.88% | 31.11% | 23.36% | 20.14% | 20.12% |
| Buyback Yield / Dilution | -0.73% | -0.71% | -0.80% | -0.83% | -0.21% | 2.48% |
| Total Shareholder Return | 0.94% | 1.65% | 1.74% | 1.67% | 2.50% | 5.04% |