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
Websitechemungcanal.com

Latest Updates

Employees (est.) (Dec 2018)374
Job Openings9
Revenue (FY, 2020)$21.1 M(+6%)
Share Price (May 2021)$44.1(+2%)
Cybersecurity ratingBMore

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
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Chemung Financial Office Locations

Chemung Financial has offices in Albany, Auburn, Binghamton, Canton and in 10 other locations
Albany, NY, US
1375 Washington Ave
Albany, NY, US
1375 Washington Ave
Albany, NY, US
145 Wolf Rd
Auburn, NY, US
120 Genesee St
Binghamton, NY, US
47 Court St
Canton, PA, US
5 W Main St
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Chemung Financial Financials and Metrics

Chemung Financial Revenue

Chemung Financial's revenue was reported to be $21.12 m in FY, 2020
USD

Revenue (FY, 2020)

21.1m

Net income (FY, 2020)

19.3m

Market capitalization (7-May-2021)

205.8m

Closing stock price (7-May-2021)

44.1

Cash (31-Dec-2020)

108.5m

EV

104.5m
Chemung Financial's current market capitalization is $205.8 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

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

Revenue growth, %

58%(7%)4%

Sales and marketing expense

1.1m1.0m1.1m899.0k877.0k794.0k1.2m932.0k631.0k

R&D expense

4.4m4.8m6.4m6.6m6.6m6.5m7.0m7.4m7.6m
USDQ2, 2011

Financial Leverage

9.8 x
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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.
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Chemung Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Chemung Financial Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Chemung Financial Online and Social Media Presence

Embed Graph

Chemung Financial News and Updates

Chemung Financial Corporation Reports Annual Net Income of $19.3 million, or $4.01 per Share, and Fourth Quarter 2020 Net Income of $5.2 million, or $1.11 per Share

ELMIRA, N.Y., Jan. 22, 2021 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $19.3 million, or $4.01 per share, for the year ended December 31, 2020, compared to $15.6 …

Chemung Financial Corporation Announces Approval of New Stock Repurchase Program

ELMIRA, N.Y., Jan. 08, 2021 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (NASDAQ: CHMG), the parent company of Chemung Canal Trust Company, announced today that the Board of Directors of the Corporation approved a new stock repurchase program whereby the Corporation may re…

Chemung Financial Corporation Reports Third Quarter 2020 Net Income of $5.7 million, or $1.19 per Share

ELMIRA, N.Y., Oct. 19, 2020 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $5.7 million, or $1.19 per share, for the third quarter of 2020, compared to $2.0 million, …

Chemung Financial Corporation Reports Second Quarter 2020 Net Income of $5.8 million, or $1.20 per Share

ELMIRA, N.Y., July 20, 2020 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $5.8 million, or $1.20 per share, for the second quarter of 2020, compared to $5.0 million,…

Chemung Financial Corporation Reports Fourth Quarter 2019 Net Income of $4.2 Million, or $0.87 per Share

ELMIRA, N.Y., Jan. 22, 2020 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $4.2 million, or $0.87 per share, for the fourth quarter of 2019, compared to $5.7 million,…

CORRECTION – Chemung Financial Corporation Announces Quarterly Dividend

ELMIRA, N.Y., Dec. 16, 2019 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier on December 13, 2019 by Chemung Financial Corporation (Nasdaq: CHMG) please note that in the first paragraph of the release, the date should be January 2, 2020, not January 2, 2019 as previously sta…
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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 $21.1 m.

  • What is Chemung Financial revenue per employee?

    Latest Chemung Financial revenue per employee is $56.5 k.

  • Who are Chemung Financial competitors?

    Competitors of Chemung Financial include Bank of America, First Financial Bancorp and MutualFirst Financial.

  • Where are Chemung Financial offices?

    Chemung Financial has offices in Albany, Auburn, Binghamton, Canton and in 10 other locations.

  • How many offices does Chemung Financial have?

    Chemung Financial has 19 offices.