Chemung Financial Corporation (CHMG)

Chemung Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	109.44	97.23	68.05	58.86	59.09	58.25
Interest Income on Investments	15.56	15.85	13.42	10.15	7.82	8.69
Total Interest Income	125	113.07	81.48	69.01	66.91	66.93
Interest Paid on Deposits	49.21	35.93	6.66	3.28	3.83	6.17
Interest Paid on Borrowings	3.65	2.69	0.64	0.14	0.16	0.15
Total Interest Expense	52.86	38.62	7.3	3.42	3.99	6.32
Net Interest Income	72.14	74.46	74.18	65.59	62.92	60.61
Net Interest Income Growth (YoY)	-7.99%	0.37%	13.10%	4.24%	3.81%	0.22%
Trust Income	11.3	10.46	10.28	11.07	9.49	9.5
Gain (Loss) on Sale of Investments	0.4	0.06	-0.35	0.25	0.09	0.1
Other Non-Interest Income	7.2	9.93	7.55	8.28	6.76	5.86
Total Non-Interest Income	23.05	24.55	21.44	23.87	21.12	20.07
Non-Interest Income Growth (YoY)	8.07%	14.52%	-10.20%	13.00%	5.24%	-11.47%
Revenues Before Loan Losses	95.18	99.01	95.62	89.46	84.04	80.68
Provision for Loan Losses	1.7	3.26	-0.55	0.02	4.24	5.95
Revenue	93.48	95.74	96.17	89.44	79.8	74.74
Revenue Growth (YoY)	-3.51%	-0.44%	7.52%	12.08%	6.78%	-6.58%
Salaries and Employee Benefits	33.41	32.37	29.99	28.23	27.67	27.79
Occupancy Expenses	3.96	4.64	4.54	4.87	4.89	4.97
Federal Deposit Insurance	2.14	2.13	1.36	1.41	0.99	0.54
Amortization of Goodwill & Intangibles	-	-	0.02	0.24	0.48	0.61
Selling, General & Administrative	18.16	16.94	16.02	14.6	14.13	14.7
Other Non-Interest Expense	8.54	8.19	7.36	6.29	7.68	6.99
Total Non-Interest Expense	66.25	64.24	59.28	55.68	55.94	55.7
EBT Excluding Unusual Items	27.23	31.5	36.89	33.76	23.87	19.04
Pretax Income	27.23	31.5	36.89	33.76	23.87	19.04
Income Tax Expense	5.67	6.5	8.11	7.34	4.61	3.43
Net Income	21.56	25	28.78	26.43	19.26	15.61
Net Income to Common	21.56	25	28.78	26.43	19.26	15.61
Net Income Growth	-21.44%	-13.14%	8.92%	37.19%	23.40%	-20.47%
Basic Shares Outstanding	5	5	5	5	5	5
Diluted Shares Outstanding	5	5	5	5	5	5
Shares Change (YoY)	1.09%	0.83%	0.21%	-2.48%	-1.38%	0.77%
EPS (Basic)	4.53	5.28	6.13	5.64	4.01	3.21
EPS (Diluted)	4.53	5.28	6.13	5.64	4.01	3.21
EPS Growth	-22.29%	-13.86%	8.69%	40.72%	25.09%	-21.07%
Dividend Per Share	1.240	1.240	1.240	1.190	1.040	1.040
Dividend Growth	0%	0%	4.20%	14.42%	0%	0%
Effective Tax Rate	20.81%	20.64%	21.97%	21.73%	19.30%	18.03%

Source: S&P Capital IQ. Banks template. Financial Sources.