OverviewSuggest Edit

Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. It offers various deposits and loans of different types. In addition, the Company provides wealth management services and guardian, custodian, trustee, and agent for pension, profit-sharing, and other employee benefit trusts, as well as various investment, pension, estate planning, and employee benefit administrative services. Further, it offers mutual funds, securities and insurance brokerage, tax preparation, interest rate swaps, and other services.

TypePublic
Founded1833
HQElmira, US
Websitechemungcanal.com

Latest Updates

Employees (est.) (Dec 2018)374
Job Openings10
Revenue (FY, 2018)$23.1 M(+13%)
Share Price (Oct 2019)$43.2 (-1%)

Key People/Management at Chemung Financial

J. Edmond Morton

J. Edmond Morton

Senior Vice President / Regional Wealth Management Group Executive – Binghamton
Mark Lasch

Mark Lasch

Senior Vice President / Regional Wealth Management Group Executive - Capital
Patrick T. Ward

Patrick T. Ward

Assistant Vice President / Prestige Banker
Joseph J. Tascone

Joseph J. Tascone

Senior Vice President / Senior Investment Officer
John E. Shea

John E. Shea

Vice President / Investment Officer
Christopher K. Kelly

Christopher K. Kelly

Vice President / Retirement Services Manager
Show more

Chemung Financial Office Locations

Chemung Financial has offices in Elmira, Albany, Auburn, Bath and in 18 other locations
Elmira, US (HQ)
129 E Water St
Albany, US
1375 Washington Ave
Albany, US
1375 Washington Ave
Albany, US
145 Wolf Rd
Auburn, US
120 Genesee St
Bath, US
410 W Morris St
Show all (31)

Chemung Financial Financials and Metrics

Chemung Financial Revenue

Chemung Financial's revenue was reported to be $23.07 m in FY, 2018
USD

Revenue (Q2, 2019)

5.1m

Net income (Q2, 2019)

5.0m

Market capitalization (17-Oct-2019)

209.2m

Closing stock price (17-Oct-2019)

43.2

Cash (30-Jun-2019)

116.5m

EV

103.3m
Chemung Financial's current market capitalization is $209.2 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

17.3m18.1m26.8m20.4m21.1m20.5m23.1m

Revenue growth, %

58%(7%)4%

Sales and marketing expense

1.1m1.0m1.1m899.0k877.0k794.0k1.2m

R&D expense

4.4m4.8m6.4m6.6m6.6m6.5m7.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

4.7m4.3m4.9m4.1m4.1m4.0m4.5m4.4m5.0m5.4m5.0m5.2m5.3m4.9m5.6m5.2m5.4m4.8m5.0m5.2m5.5m5.3m7.4m4.9m5.1m

Sales and marketing expense

289.2k355.8k270.6k287.6k197.3k296.9k293.0k332.0k255.0k235.0k271.0k208.0k222.0k325.0k101.0k249.0k118.0k213.0k349.0k255.0k212.0k268.0k145.0k

R&D expense

1.0m976.1k1.1m1.2m971.6k1.1m1.1m1.2m1.5m1.4m1.5m1.6m1.6m1.8m1.7m1.7m1.6m1.6m1.6m1.7m1.7m1.8m1.8m1.7m1.9m

Operating expense total

3.3m2.8m2.8m3.4m2.9m2.6m2.7m2.8m3.3m3.3m3.3m3.2m3.1m3.4m3.4m4.7m3.1m3.3m3.3m3.5m3.6m3.7m3.4m3.2m3.6m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

40.2m51.6m29.2m26.2m74.2m30.7m130.0m

Accounts Receivable

883.1m983.1m1.1b1.2b1.3b1.3b

Inventories

PP&E

25.5m30.0m32.3m29.4m28.9m26.7m25.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

83.9m118.5m110.5m74.2m81.2m46.1m24.8m39.9m57.1m66.3m35.0m84.9m29.7m75.2m55.9m107.4m135.5m125.7m64.5m56.4m31.0m34.8m113.9m125.8m116.5m

Accounts Receivable

779.0m778.8m792.7m845.6m865.5m910.6m922.7m955.8m1.0b1.1b1.1b1.1b1.1b1.1b1.2b1.2b1.2b1.2b1.2b1.3b1.3b1.3b1.3b1.3b1.3b

PP&E

24.3m24.3m25.0m24.7m24.9m24.8m25.0m25.1m29.4m29.9m32.4m31.5m30.9m30.0m28.6m29.7m29.1m28.2m27.8m27.4m26.1m26.0m25.5m24.3m23.6m

Goodwill

22.6m22.2m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m21.8m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

11.0m8.7m8.2m9.4m10.0m7.4m19.6m

Depreciation and Amortization

2.9m3.2m3.9m4.0m4.2m3.7m3.4m

Cash From Operating Activities

24.6m23.0m18.4m14.1m22.1m23.6m27.8m

Purchases of PP&E

(3.7m)(3.7m)(2.6m)(1.2m)(1.7m)(1.5m)(1.8m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

4.3m7.6m3.6m6.1m8.9m2.4m5.1m7.2m2.1m4.0m3.7m2.3m4.9m7.3m2.7m4.3m7.1m3.0m5.9m9.6m4.4m7.0m13.9m4.5m9.4m

Depreciation and Amortization

1.5m2.1m740.4k1.5m2.2m748.9k1.5m2.2m886.0k1.8m2.8m1.0m2.1m3.0m1.1m2.4m3.3m960.0k1.9m2.8m889.0k1.8m2.6m816.0k1.6m

Cash From Operating Activities

7.4m11.8m5.1m14.4m16.8m3.2m11.1m14.9m2.6m7.5m12.4m3.4m4.5m10.1m5.8m11.4m19.8m6.5m9.0m16.6m7.0m10.6m20.1m7.2m13.4m

Purchases of PP&E

(722.7k)(1.3m)(955.0k)(1.5m)(2.3m)(65.0k)(997.5k)(1.8m)(198.0k)(1.7m)(2.1m)(285.0k)(649.0k)(783.0k)(337.0k)(648.0k)(937.0k)(243.0k)(890.0k)(1.3m)(375.0k)(1.2m)(1.5m)(124.0k)(266.0k)
USDY, 2019

EV/CFO

7.7 x

Financial Leverage

9.8 x
Show all financial metrics

Chemung Financial Operating Metrics

Chemung Financial's Total Loans was reported to be $1.3b in Q2, 2017. Chemung Financial's Assets Under Management was reported to be $1.8b in Q2, 2017.
Show all operating metrics

Chemung Financial Online and Social Media Presence

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Chemung Financial News and Updates

Chemung Financial Corporation Reports Second Quarter 2019 Net Income of $5.0 Million, or $1.02 per Share

ELMIRA, N.Y., July 22, 2019 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $5.0 million, or $1.02 per share, for the second quarter of 2019, compared to $2.5 million,…

Chemung Financial Corporation Reports First Quarter 2019 Net Income of $4.5 Million, or $0.92 per Share

ELMIRA, N.Y., April 17, 2019 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $4.5 million, or $0.92 per share, for the first quarter of 2019, compared to $4.4 million,…

Chemung Financial Corporation Reports Annual Net Income of $19.6 Million, or $4.06 per Share, and Fourth Quarter Net Income of $5.7 Million, or $1.18 per Share

ELMIRA, N.Y., Jan. 23, 2019 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $19.6 million, or $4.06 per share, for the full year of 2018, compared to $7.4 million, or …

Chemung Financial Corporation Announces Quarterly Dividend

ELMIRA, N.Y., Nov. 15, 2018 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.26 per share, payable on January 2, 2019 to common stock shareholders of record as of the close of business on Decem…

Chemung Financial Frequently Asked Questions

  • When was Chemung Financial founded?

    Chemung Financial was founded in 1833.

  • Who are Chemung Financial key executives?

    Chemung Financial's key executives are J. Edmond Morton, Mark Lasch and Patrick T. Ward.

  • How many employees does Chemung Financial have?

    Chemung Financial has 374 employees.

  • What is Chemung Financial revenue?

    Latest Chemung Financial annual revenue is $23.1 m.

  • What is Chemung Financial revenue per employee?

    Latest Chemung Financial revenue per employee is $61.7 k.

  • Who are Chemung Financial competitors?

    Competitors of Chemung Financial include First Financial Bancorp, MutualFirst Financial and Lakeland Financial.

  • Where is Chemung Financial headquarters?

    Chemung Financial headquarters is located at 129 E Water St, Elmira.

  • Where are Chemung Financial offices?

    Chemung Financial has offices in Elmira, Albany, Auburn, Bath and in 18 other locations.

  • How many offices does Chemung Financial have?

    Chemung Financial has 31 offices.