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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	113.03	112.13	97.23	68.05	58.86	59.09
Interest Income on Investments	15.01	15.44	15.85	13.42	10.15	7.82
Total Interest Income	128.04	127.56	113.07	81.48	69.01	66.91
Interest Paid on Deposits	49.06	50.05	35.93	6.66	3.28	3.83
Interest Paid on Borrowings	3.19	3.45	2.69	0.64	0.14	0.16
Total Interest Expense	52.26	53.51	38.62	7.3	3.42	3.99
Net Interest Income	75.79	74.06	74.46	74.18	65.59	62.92
Net Interest Income Growth (YoY)	1.79%	-0.53%	0.38%	13.10%	4.24%	3.81%
Trust Income	11.74	11.57	10.46	10.28	11.07	9.49
Gain (Loss) on Sale of Investments	0.03	0.18	0.06	-0.35	0.25	0.09
Other Non-Interest Income	7.29	7.24	9.93	7.55	8.28	6.76
Total Non-Interest Income	23.46	23.23	24.55	21.44	23.87	21.12
Non-Interest Income Growth (YoY)	-4.43%	-5.37%	14.52%	-10.20%	13.00%	5.24%
Revenues Before Loan Losses	99.25	97.29	99.01	95.62	89.46	84.04
Provision for Loan Losses	3.09	-0.05	3.26	-0.55	0.02	4.24
Revenue	96.16	97.34	95.74	96.17	89.44	79.8
Revenue Growth (YoY)	0.44%	1.66%	-0.44%	7.52%	12.08%	6.78%
Salaries and Employee Benefits	34.54	34.37	32.37	29.99	28.23	27.67
Occupancy Expenses	4.67	4.83	4.64	4.54	4.87	4.89
Federal Deposit Insurance	1.98	2.12	2.13	1.36	1.41	0.99
Amortization of Goodwill & Intangibles	-	-	-	0.02	0.24	0.48
Selling, General & Administrative	17.74	17.55	16.94	16.02	14.6	14.13
Other Non-Interest Expense	8.43	8.22	8.19	7.36	6.29	7.68
Total Non-Interest Expense	67.48	67.25	64.24	59.28	55.68	55.94
EBT Excluding Unusual Items	28.68	30.09	31.5	36.89	33.76	23.87
Pretax Income	28.68	30.09	31.5	36.89	33.76	23.87
Income Tax Expense	6.04	6.41	6.5	8.11	7.34	4.61
Net Income	22.64	23.67	25	28.78	26.43	19.26
Net Income to Common	22.64	23.67	25	28.78	26.43	19.26
Net Income Growth	-9.42%	-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)	0.95%	0.80%	0.83%	0.21%	-2.48%	-1.38%
EPS (Basic)	4.74	4.96	5.28	6.13	5.64	4.01
EPS (Diluted)	4.74	4.96	5.28	6.13	5.64	4.01
EPS Growth	-10.27%	-6.07%	-13.86%	8.69%	40.72%	25.09%
Dividend Per Share	1.250	1.240	1.240	1.240	1.190	1.040
Dividend Growth	0.81%	-	-	4.20%	14.42%	-
Effective Tax Rate	21.06%	21.32%	20.64%	21.97%	21.73%	19.30%

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q