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CHMG

Chemung Financial Corporation

CHMG

Chemung Financial Corporation • NASDAQ
$52.67 ▲ 0.96% (+0.50)
Market Cap $252.41 M
52w High $55.73
52w Low $40.71
Dividend Yield 1.29%
P/E 19.01
Volume 3.38K
Outstanding Shares 4.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $39.71M ▲ $17.383M ▼ $7.792M ▲ 19.622% ▲ $1.62 ▲ $10.724M ▲
Q2-2025 $22.033M ▼ $17.473M ▲ $-6.452M ▼ -29.283% ▼ $-1.34 ▼ $-8.224M ▼
Q1-2025 $37.309M ▼ $16.649M ▼ $6.023M ▲ 16.144% ▲ $1.26 ▲ $8.348M ▲
Q4-2024 $38.279M ▲ $17.449M ▲ $5.914M ▲ 15.45% ▲ $1.24 ▲ $8.149M ▲
Q3-2024 $37.928M $16.157M $5.72M 15.081% $1.2 $7.846M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $361.264M ▼ $2.697B ▼ $2.451B ▼ $245.308M ▲
Q2-2025 $607.386M ▲ $2.852B ▲ $2.618B ▲ $234.966M ▲
Q1-2025 $469.797M ▲ $2.797B ▲ $2.568B ▲ $228.306M ▲
Q4-2024 $468.772M ▼ $2.776B ▲ $2.561B ▲ $215.309M ▼
Q3-2024 $635.015M $2.774B $2.554B $220.654M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $7.792M ▲ $12.24M ▲ $-57.535M ▼ $-167.11M ▼ $-212.405M ▼ $11.84M ▲
Q2-2025 $-6.452M ▼ $9.746M ▲ $208.701M ▲ $48.169M ▲ $266.616M ▲ $9.386M ▲
Q1-2025 $6.023M ▲ $7.18M ▲ $-11.633M ▲ $10.853M ▲ $6.4M ▲ $6.852M ▲
Q4-2024 $5.914M ▲ $6.235M ▼ $-42.883M ▼ $3.243M ▲ $-33.405M ▼ $4.316M ▼
Q3-2024 $5.72M $9.158M $-1.206M $2.271M $10.223M $8.551M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Interchange Revenue
Interchange Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Investment Brokerage
Investment Brokerage
 $0 ▲$0 ▲$0 ▲$0 ▲
Loan Servicing Fees
Loan Servicing Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Overdraft Fees
Overdraft Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Products And Services Other
Products And Services Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Sale of Loans
Sale of Loans
 $0 ▲$0 ▲$0 ▲$0 ▲
Service Charge on Deposits Other
Service Charge on Deposits Other
 $0 ▲$0 ▲$0 ▲$0 ▲
WMG Fee Income
WMG Fee Income
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Chemung Financial shows a story of steady rather than spectacular growth. Revenue has crept higher over the last five years, with only modest swings. Profitability has been reasonably consistent, but earnings per share have eased back from their recent peak, suggesting some pressure on margins or higher costs. Overall, the bank looks solidly profitable, but not on a strong upward earnings trajectory in the most recent year.

Balance Sheet

Balance Sheet The balance sheet has expanded over time, with total assets gradually increasing, which is typical as a regional bank grows its loan book and customer deposits. Shareholders’ equity has also trended upward, which is a healthy sign of retained strength. Debt levels, however, have risen more recently, meaning the bank is using more borrowed funding than before, though still from a relatively low base. Cash balances move around from year to year and are not unusually high, which is normal for a bank that deploys most funds into loans and securities rather than idle cash.

Cash Flow

Cash Flow Cash generation appears steady and in line with the earnings profile. Operating cash flow has been consistently positive and relatively stable, indicating the core banking operations throw off reliable cash. Because the business is not capital intensive, spending on physical assets is very low, so free cash flow tends to track operating cash flow closely. This gives management flexibility for dividends, balance sheet management, or selective growth initiatives, as long as credit quality remains sound.

Competitive Edge

Competitive Edge Chemung’s edge is primarily relationship-based, not technology-based. It is an old, deeply rooted community bank with strong local recognition and a reputation for personalized service. Local decision-making and long-standing ties to businesses and households provide a buffer against pure price competition from larger banks. On the other hand, it operates in a crowded regional banking market and does not have a clear national brand or a standout digital experience, so its strength depends heavily on maintaining trust, service quality, and local economic health.

Innovation and R&D

Innovation and R&D The bank is an adopter, not an inventor, of financial technology. Its GoBanking and Business Banker platforms offer the standard suite of digital services—mobile banking, remote deposit, bill pay, and business cash management—needed to stay competitive. These tools are functional but not viewed as best-in-class, based on average user feedback. Innovation here is incremental: improving existing apps, enhancing security, and adding common features like digital wallets and Zelle, rather than building unique, proprietary capabilities. The more distinctive “innovation” is in service design—integrated wealth management and tailored business solutions—rather than cutting-edge tech.

Summary

Chemung Financial is a traditional regional bank with stable financial performance and a measured growth profile. Earnings and cash flow are consistent, if not rapidly growing, and the balance sheet shows gradual expansion with a moderate increase in leverage. The franchise rests on community roots, local decision-making, and high-touch service, complemented by adequate—though not leading—digital tools. Its long-term prospects hinge on preserving its community-bank identity, managing credit risk prudently, and steadily improving the customer digital experience without overreaching on risk or technology spending.

NEWS

November 18, 2025 · 4:15 PM UTC

Chemung Financial Corporation Announces Quarterly Dividend

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October 21, 2025 · 4:05 PM UTC

Chemung Financial Corporation Reports Third Quarter 2025 Net Income of $7.8 million, or $1.62 per share

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