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
HQElmira, US
Founded1833
Size (employees)371 (est)
Websitechemungcanal.com
Chemung Financial was founded in 1833 and is headquartered in Elmira, US
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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 an office in Elmira
Elmira, US (HQ)
One Chemung Canal Plaza P O BOX 1522
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Chemung Financial Financials and Metrics

Chemung Financial Revenue

Chemung Financial's revenue was reported to be $77.32 m in FY, 2016 which is a 3.5% increase from the previous period.
USD

Net income (Q3, 2018)

6.9m

EBIT (Q3, 2018)

14.8m

Market capitalization (14-Dec-2018)

199.5m

Closing stock price (14-Dec-2018)

41.5

Cash (30-Sep-2018)

113.9m
Chemung Financial's current market capitalization is $199.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

50.7m80.0m74.7m77.3m

Revenue growth, %

58%(7%)4%

Cost of goods sold

3.6m3.8m3.1m

Gross profit

71.1m73.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cost of goods sold

872.0k904.0k924.0k957.0k985.0k820.0k734.0k734.0k769.0k852.0k1.1m

R&D expense

1.8m

Operating expense total

1.8m

Depreciation and amortization

285.0k277.0k258.0k245.0k245.0k226.0k213.0k214.0k194.0k182.0k182.0k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

51.6m29.2m26.2m74.2m30.7m

Accounts Receivable

Inventories

PP&E

30.0m32.3m29.4m28.9m26.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

8.7m8.2m9.4m10.0m7.4m

Depreciation and Amortization

1.1m986.0k

Inventories

Accounts Payable

(107.5k)(99.0k)(28.0k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

7.2m2.1m4.0m3.7m2.3m4.9m7.3m2.7m4.3m7.1m3.0m5.9m9.6m4.4m7.0m13.9m

Depreciation and Amortization

285.0k277.0k258.0k245.0k245.0k226.0k

Accounts Payable

(114.0k)(46.0k)(46.0k)(61.0k)(12.0k)(19.0k)(30.0k)(2.0k)(8.0k)(38.0k)(26.0k)(29.0k)(33.0k)

Cash From Operating Activities

14.9m2.6m7.5m12.4m3.4m4.5m10.1m5.8m11.4m19.8m6.5m9.0m16.6m7.0m10.6m20.1m
USDY, 2018

Financial Leverage

11.2 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 Online and Social Media Presence

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Chemung Financial News and Updates

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…
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Chemung Financial Company Life and Culture

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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 371 employees.

  • Who are Chemung Financial competitors?

    Competitors of Chemung Financial include The PNC Financial Services Group, MutualFirst Financial and First Financial Bancorp.

  • Where is Chemung Financial headquarters?

    Chemung Financial headquarters is located at One Chemung Canal Plaza P O BOX 1522 , Elmira.

  • Where are Chemung Financial offices?

    Chemung Financial has an office in Elmira.

  • How many offices does Chemung Financial have?

    Chemung Financial has 1 office.