Chemung Financial Corporation (CHMG)

Chemung Financial Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	114.95	112.13	97.23	68.05	58.86	59.09
Interest Income on Investments	14.74	15.44	15.85	13.42	10.15	7.82
Total Interest Income	129.69	127.56	113.07	81.48	69.01	66.91
Interest Paid on Deposits	47.43	50.05	35.93	6.66	3.28	3.83
Interest Paid on Borrowings	3.43	3.45	2.69	0.64	0.14	0.16
Total Interest Expense	50.86	53.51	38.62	7.3	3.42	3.99
Net Interest Income	78.83	74.06	74.46	74.18	65.59	62.92
Net Interest Income Growth (YoY)	9.85%	-0.53%	0.38%	13.10%	4.24%	3.81%
Trust Income	11.87	11.57	10.46	10.28	11.07	9.49
Gain (Loss) on Sale of Investments	-17.37	0.18	0.06	-0.35	0.25	0.09
Other Non-Interest Income	8.09	7.24	9.93	7.55	8.28	6.76
Total Non-Interest Income	7.16	23.23	24.55	21.44	23.87	21.12
Non-Interest Income Growth (YoY)	-71.29%	-5.37%	14.52%	-10.20%	13.00%	5.24%
Revenues Before Loan Losses	85.99	97.29	99.01	95.62	89.46	84.04
Provision for Loan Losses	3.35	-0.05	3.26	-0.55	0.02	4.24
Revenue	82.64	97.34	95.74	96.17	89.44	79.8
Revenue Growth (YoY)	-13.11%	1.66%	-0.44%	7.52%	12.08%	6.78%
Salaries and Employee Benefits	35.4	34.37	32.37	29.99	28.23	27.67
Occupancy Expenses	4.36	4.83	4.64	4.54	4.87	4.89
Federal Deposit Insurance	1.9	2.12	2.13	1.36	1.41	0.99
Amortization of Goodwill & Intangibles	-	-	-	0.02	0.24	0.48
Selling, General & Administrative	18.62	17.55	16.94	16.02	14.6	14.13
Other Non-Interest Expense	8.64	8.22	8.19	7.36	6.29	7.68
Total Non-Interest Expense	69.03	67.25	64.24	59.28	55.68	55.94
EBT Excluding Unusual Items	13.61	30.09	31.5	36.89	33.76	23.87
Pretax Income	13.61	30.09	31.5	36.89	33.76	23.87
Income Tax Expense	2.41	6.41	6.5	8.11	7.34	4.61
Net Income	11.21	23.67	25	28.78	26.43	19.26
Net Income to Common	11.37	23.67	25	28.78	26.43	19.26
Net Income Growth	-52.29%	-5.32%	-13.14%	8.92%	37.19%	23.40%
Basic Shares Outstanding	5	5	5	5	5	5
Diluted Shares Outstanding	5	5	5	5	5	5
Shares Change (YoY)	1.33%	0.80%	0.83%	0.21%	-2.48%	-1.38%
EPS (Basic)	2.38	4.96	5.28	6.13	5.64	4.01
EPS (Diluted)	2.38	4.96	5.28	6.13	5.64	4.01
EPS Growth	-51.91%	-6.07%	-13.86%	8.69%	40.72%	25.09%
Dividend Per Share	1.260	1.240	1.240	1.240	1.190	1.040
Dividend Growth	1.61%	-	-	4.20%	14.42%	-
Effective Tax Rate	17.68%	21.32%	20.64%	21.97%	21.73%	19.30%

Updated May 7, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q