Chemung Financial (CHMG) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart

Chemung Financial Revenue Highlights

Latest Revenue (Q)

$21.28M

Main Segment (Y)

W M G Fee Income

Main Geography (Y)

W M G Fee Income

Chemung Financial Revenue by Period

Chemung Financial Revenue by Year

Date	Revenue	Change
2024-12-31	-	-100.00%
2023-12-31	$95.74M	1.19%
2022-12-31	$94.61M	7.00%
2021-12-31	$88.42M	6.70%
2020-12-31	$82.87M	3.72%
2019-12-31	$79.90M	-3.38%
2018-12-31	$82.69M	7.69%
2017-12-31	$76.78M	5.46%
2016-12-31	$72.81M	3.43%
2015-12-31	$70.40M	-6.78%
2014-12-31	$75.51M	19.00%
2013-12-31	$63.46M	0.27%
2012-12-31	$63.28M	3.10%
2011-12-31	$61.38M	12.49%
2010-12-31	$54.57M	6.77%
2009-12-31	$51.11M	5.14%
2008-12-31	$48.61M	14.20%
2007-12-31	$42.56M	9.54%
2006-12-31	$38.86M	2.93%
2005-12-31	$37.75M	-4.49%
2004-12-31	$39.53M	0.80%
2003-12-31	$39.21M	4.70%
2002-12-31	$37.45M	-0.50%
2001-12-31	$37.64M	4.68%
2000-12-31	$35.96M	3.16%
1999-12-31	$34.85M	286.54%
1998-12-31	$9.02M	8.40%
1997-12-31	$8.32M	6.00%
1996-12-31	$7.85M	7.49%
1995-12-31	$7.30M	15.71%
1994-12-31	$6.31M	-10.20%
1993-12-31	$7.03M	-

Chemung Financial generated - in revenue during NA 2024, up -100.00% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Chemung Financial Revenue by Quarter

Date	Revenue	Change
2024-09-30	$21.28M	-42.41%
2024-06-30	$36.96M	0.63%
2024-03-31	$36.73M	2.87%
2023-12-31	$35.70M	39.59%
2023-09-30	$25.58M	7.76%
2023-06-30	$23.73M	-5.59%
2023-03-31	$25.14M	-1.86%
2022-12-31	$25.61M	6.33%
2022-09-30	$24.09M	5.73%
2022-06-30	$22.78M	2.98%
2022-03-31	$22.13M	-1.06%
2021-12-31	$22.36M	-1.08%
2021-09-30	$22.61M	1.46%
2021-06-30	$22.28M	5.23%
2021-03-31	$21.17M	-3.75%
2020-12-31	$22.00M	5.21%
2020-09-30	$20.91M	2.07%
2020-06-30	$20.48M	5.14%
2020-03-31	$19.48M	-2.96%
2019-12-31	$20.08M	0.75%
2019-09-30	$19.93M	-0.35%
2019-06-30	$20.00M	0.51%
2019-03-31	$19.90M	-1.16%
2018-12-31	$20.13M	-9.32%
2018-09-30	$22.20M	10.12%
2018-06-30	$20.16M	-0.24%
2018-03-31	$20.21M	1.09%
2017-12-31	$19.99M	1.14%
2017-09-30	$19.76M	5.09%
2017-06-30	$18.81M	3.19%
2017-03-31	$18.23M	1.33%
2016-12-31	$17.99M	-1.79%
2016-09-30	$18.31M	1.76%
2016-06-30	$18.00M	-2.80%
2016-03-31	$18.51M	3.90%
2015-12-31	$17.82M	2.46%
2015-09-30	$17.39M	-2.29%
2015-06-30	$17.80M	2.36%
2015-03-31	$17.39M	-28.11%
2014-12-31	$24.19M	41.09%
2014-09-30	$17.14M	-1.11%
2014-06-30	$17.34M	2.89%
2014-03-31	$16.85M	1.40%
2013-12-31	$16.62M	6.07%
2013-09-30	$15.66M	0.35%
2013-06-30	$15.61M	0.10%
2013-03-31	$15.60M	4.41%
2012-12-31	$14.94M	-5.67%
2012-09-30	$15.84M	2.19%
2012-06-30	$15.50M	-8.38%
2012-03-31	$16.91M	5.36%
2011-12-31	$16.05M	-1.15%
2011-09-30	$16.24M	0.27%
2011-06-30	$16.20M	25.61%
2011-03-31	$12.89M	-15.70%
2010-12-31	$15.30M	17.79%
2010-09-30	$12.99M	-3.95%
2010-06-30	$13.52M	5.89%
2010-03-31	$12.77M	-3.76%
2009-12-31	$13.27M	1.49%
2009-09-30	$13.07M	9.81%
2009-06-30	$11.90M	-1.37%
2009-03-31	$12.07M	-5.51%
2008-12-31	$12.77M	4.93%
2008-09-30	$12.17M	2.27%
2008-06-30	$11.90M	1.19%
2008-03-31	$11.76M	5.91%
2007-12-31	$11.11M	-

Chemung Financial generated $21.28M in revenue during Q3 2024, up -42.41% compared to the previous quarter, and up 89.67% compared to the same period a year ago.

Chemung Financial Revenue Breakdown

Chemung Financial Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Service Charge on Deposits, Other	$1.04M	$823.00K	$704.00K	$948.00K	-
Product and Service, Other	$1.58M	$4.14M	$1.67M	$2.19M	-
Sale of Loans	$214.00K	$144.00K	$107.00K	$1.07M	-
Interchange Revenue	$4.43M	$4.61M	$4.60M	$4.84M	-
Investment Brokerage	$1.05M	$995.00K	$1.08M	$1.04M	-
Overdraft Fees	$3.00M	$3.10M	$3.08M	$2.27M	-
W M G Fee Income	$11.57M	$10.46M	$10.28M	$11.07M	-
Loan Servicing Fees	$144.00K	$144.00K	$153.00K	$148.00K	-
Service Charge on Deposits	-	-	-	-	$3.13M

Chemung Financial's latest annual revenue breakdown by segment (product or service), as of Dec 24: W M G Fee Income (50.25%), Interchange Revenue (19.22%), Overdraft Fees (13.01%), Product and Service, Other (6.85%), Investment Brokerage (4.58%), Service Charge on Deposits, Other (4.54%), Sale of Loans (0.93%), and Loan Servicing Fees (0.63%).

Quarterly Revenue by Product

Product/Service	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Investment Brokerage	$520.00K	$306.00K	$228.00K	$246.00K	$243.00K	$265.00K	$241.00K	$304.00K	$251.00K	$271.00K	$253.00K	$247.00K	$346.00K	$236.00K	$214.00K	-	-	-	-	-
Interchange Revenue	$2.24M	$1.12M	$1.06M	$1.14M	$1.14M	$1.19M	$1.13M	$1.14M	$1.13M	$1.21M	$1.13M	$1.22M	$1.24M	$1.26M	$1.12M	-	-	-	-	-
Sale of Loans	$91.00K	$91.00K	$32.00K	$54.00K	$67.00K	$18.00K	$5.00K	$1.00K	$7.00K	$25.00K	$74.00K	$189.00K	$242.00K	$342.00K	$300.00K	-	-	-	-	-
Loan Servicing Fees	$72.00K	$36.00K	$36.00K	$37.00K	$35.00K	$36.00K	$36.00K	$38.00K	$38.00K	$38.00K	$39.00K	$40.00K	$38.00K	$35.00K	$35.00K	-	-	-	-	-
Overdraft Fees	$1.52M	$768.00K	$710.00K	$788.00K	$817.00K	$777.00K	$714.00K	$838.00K	$846.00K	$727.00K	$673.00K	$705.00K	$623.00K	$489.00K	$450.00K	-	-	-	-	-
Service Charge on Deposits, Other	$558.00K	$248.00K	$239.00K	$213.00K	$201.00K	$182.00K	$227.00K	$161.00K	$143.00K	$209.00K	$191.00K	$204.00K	$233.00K	$243.00K	$267.00K	-	-	-	-	-
WMG Fee Income	-	$2.99M	$2.70M	$2.53M	$2.60M	$2.58M	$2.40M	$2.63M	$2.76M	$2.77M	$2.80M	$2.68M	-	-	-	-	-	-	-	-
Products And Services, Other	-	$247.00K	$536.00K	$2.83M	$450.00K	$405.00K	$281.00K	$400.00K	$648.00K	$458.00K	$968.00K	$471.00K	-	-	-	-	-	-	-	-
W M G Fee Income	-	-	-	-	-	-	-	$2.49M	$2.83M	-	-	-	-	-	-	-	-	-	-	-
Service Charge on Deposits	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$840.00K	$740.00K	$564.00K	$990.00K	$1.13M

Chemung Financial's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Interchange Revenue (44.80%), Overdraft Fees (30.38%), Service Charge on Deposits, Other (11.16%), Investment Brokerage (10.40%), Sale of Loans (1.82%), and Loan Servicing Fees (1.44%).

Chemung Financial Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 22	Dec 21	Dec 20	Dec 19	Dec 18
Loan Servicing Fees	$153.00K	$148.00K	-	-	-
Sale of Loans	$107.00K	$1.07M	-	-	-
Interchange Revenue	$4.60M	$4.84M	$4.04M	-	-
Investment Brokerage	$1.08M	$1.04M	-	-	-
W M G Fee Income	$10.28M	$11.07M	-	-	-
Service Charge on Deposits, Other	$704.00K	$948.00K	-	-	-
Overdraft Fees	$3.08M	$2.27M	-	-	-
Product and Service, Other	$1.67M	$2.19M	-	-	-
Service Charge on Deposits	-	-	$3.13M	$4.46M	-
Wealth Management Group Services	-	-	-	-	$9.32M

Chemung Financial's latest annual revenue breakdown by geography, as of Dec 22: W M G Fee Income (47.42%), Interchange Revenue (21.23%), Overdraft Fees (14.23%), Product and Service, Other (7.70%), Investment Brokerage (4.98%), Service Charge on Deposits, Other (3.25%), Loan Servicing Fees (0.71%), and Sale of Loans (0.49%).

Chemung Financial Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
BSVN	Bank7	$131.54M	$37.16M
OBT	Orange County Bancorp	$127.23M	$35.61M
COFS	ChoiceOne Financial Services	$121.10M	$36.28M
FNWB	First Northwest Bancorp	$112.34M	$28.21M
OVLY	Oak Valley Bancorp	$78.21M	$19.50M
FFNW	First Financial Northwest	$77.37M	$20.09M
FNWD	Finward Bancorp	$71.60M	$22.47M
CWBC	Community West Bancshares	$61.39M	$27.26M
HFBL	Home Federal Bancorp, Inc. of Louisiana	$33.45M	$7.66M
FCCO	First Community	$14.00M	$26.72M
CHMG	Chemung Financial	-	$21.28M

CHMG Revenue FAQ

What is Chemung Financial’s yearly revenue?

Chemung Financial's yearly revenue for 2024 was $0, representing a decrease of -100.00% compared to 2023. The company's yearly revenue for 2023 was $95.74M, representing an increase of 1.19% compared to 2022. CHMG's yearly revenue for 2022 was $94.61M, representing an increase of 7.00% compared to 2021.

What is Chemung Financial’s quarterly revenue?

Chemung Financial's quarterly revenue for Q3 2024 was $21.28M, a -42.41% decrease from the previous quarter (Q2 2024), and a -16.79% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $36.96M, a 0.63% increase from the previous quarter (Q1 2024), and a 55.72% increase year-over-year (Q2 2023). CHMG's quarterly revenue for Q1 2024 was $36.73M, a 2.87% increase from the previous quarter (Q4 2023), and a 46.09% increase year-over-year (Q1 2023).

What is Chemung Financial’s revenue growth rate?

Chemung Financial's revenue growth rate for the last 3 years (2022-2024) was -100.00%, and for the last 5 years (2020-2024) was -100.00%.

What are Chemung Financial’s revenue streams?

Chemung Financial's revenue streams in c 24 are Service Charge on Deposits, Other, Product and Service, Other, Sale of Loans, Interchange Revenue, Investment Brokerage, Overdraft Fees, W M G Fee Income, and Loan Servicing Fees. Service Charge on Deposits, Other generated $1.04M in revenue, accounting 4.54% of the company's total revenue, up 26.97% year-over-year. Product and Service, Other generated $1.58M in revenue, accounting 6.85% of the company's total revenue, down -61.86% year-over-year. Sale of Loans generated $214K in revenue, accounting 0.93% of the company's total revenue, up 48.61% year-over-year. Interchange Revenue generated $4.43M in revenue, accounting 19.22% of the company's total revenue, down -3.91% year-over-year. Investment Brokerage generated $1.05M in revenue, accounting 4.58% of the company's total revenue, up 5.93% year-over-year. Overdraft Fees generated $3M in revenue, accounting 13.01% of the company's total revenue, down -3.20% year-over-year. W M G Fee Income generated $11.57M in revenue, accounting 50.25% of the company's total revenue, up 10.64% year-over-year. Loan Servicing Fees generated $144K in revenue, accounting 0.63% of the company's total revenue

What is Chemung Financial’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Chemung Financial was W M G Fee Income. This segment made a revenue of $11.57M, representing 50.25% of the company's total revenue.