Chemung Financial (CHMG) Revenue & Revenue Breakdown
Chemung Financial Revenue Highlights
Latest Revenue (Y)
$137.52M
Latest Revenue (Q)
$36.97M
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 |
|---|---|---|
| 2023-12-31 | $137.52M | 45.35% |
| 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 $137.52M in revenue during NA 2023, up 45.35% compared to the previous quarter, and up 166.31% compared to the same period a year ago.
Chemung Financial Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $36.97M | 0.66% |
| 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 $36.97M in revenue during Q2 2024, up 0.66% compared to the previous quarter, and up 147.06% 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 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Service Charge on Deposits, Other | $823.00K | $704.00K | $948.00K | - | - |
| Loan Servicing Fees | $144.00K | $153.00K | $148.00K | - | - |
| Product and Service, Other | $4.14M | $1.67M | $2.19M | - | - |
| Sale of Loans | $144.00K | $107.00K | $1.07M | - | - |
| Interchange Revenue | $4.61M | $4.60M | $4.84M | - | - |
| Investment Brokerage | $995.00K | $1.08M | $1.04M | - | - |
| Overdraft Fees | $3.10M | $3.08M | $2.27M | - | - |
| W M G Fee Income | $10.46M | $10.28M | $11.07M | - | - |
| Service Charge on Deposits | - | - | - | $3.13M | $4.46M |
Chemung Financial's latest annual revenue breakdown by segment (product or service), as of Dec 23: W M G Fee Income (42.86%), Interchange Revenue (18.87%), Product and Service, Other (16.95%), Overdraft Fees (12.69%), Investment Brokerage (4.08%), Service Charge on Deposits, Other (3.37%), Loan Servicing Fees (0.59%), and Sale of Loans (0.59%).
Quarterly Revenue by Product
| Product/Service | 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 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interchange Revenue | $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 | - | - | - | - | - | - | - |
| Loan Servicing Fees | $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 | - | - | - | - | - | - | - |
| Products And Services, Other | $536.00K | $2.83M | $450.00K | $405.00K | $281.00K | $400.00K | $648.00K | $458.00K | $968.00K | $471.00K | - | - | - | - | - | - | - | - | - | - |
| Service Charge on Deposits, Other | $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 | $2.70M | $2.53M | $2.60M | $2.58M | $2.40M | $2.63M | $2.76M | $2.77M | $2.80M | $2.68M | - | - | - | - | - | - | - | - | - | - |
| Investment Brokerage | $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 | - | - | - | - | - | - | - |
| Sale of Loans | $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 | - | - | - | - | - | - | - |
| Overdraft Fees | $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 | - | - | - | - | - | - | - |
| W M G Fee Income | - | - | - | - | - | $2.49M | $2.83M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Service Charge on Deposits | - | - | - | - | - | - | - | - | - | - | - | - | - | $840.00K | $740.00K | $564.00K | $990.00K | $1.13M | $1.14M | $1.08M |
Chemung Financial's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: WMG Fee Income (48.73%), Interchange Revenue (19.16%), Overdraft Fees (12.80%), Products And Services, Other (9.66%), Service Charge on Deposits, Other (4.31%), Investment Brokerage (4.11%), Loan Servicing Fees (0.65%), and Sale of Loans (0.58%).
Chemung Financial Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|---|---|
| W M G Fee Income | $10.28M | $11.07M | - | - | - |
| Loan Servicing Fees | $153.00K | $148.00K | - | - | - |
| Product and Service, Other | $1.67M | $2.19M | - | - | - |
| Sale of Loans | $107.00K | $1.07M | - | - | - |
| Interchange Revenue | $4.60M | $4.84M | $4.04M | - | - |
| Investment Brokerage | $1.08M | $1.04M | - | - | - |
| Overdraft Fees | $3.08M | $2.27M | - | - | - |
| Service Charge on Deposits, Other | $704.00K | $948.00K | - | - | - |
| 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 |
|---|---|---|---|
| CHMG | Chemung Financial | $137.52M | $36.97M |
| OBT | Orange County Bancorp | $131.19M | $32.51M |
| BSVN | Bank7 | $130.79M | $35.60M |
| COFS | ChoiceOne Financial Services | $114.13M | $32.45M |
| FNWB | First Northwest Bancorp | $104.92M | $28.10M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| OVLY | Oak Valley Bancorp | $87.34M | $18.76M |
| FFNW | First Financial Northwest | $80.93M | $20.02M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
| FCCO | First Community | $10.42M | $25.48M |
CHMG Revenue FAQ
What is Chemung Financial’s yearly revenue?
Chemung Financial's yearly revenue for 2023 was $137.52M, representing an increase of 45.35% compared to 2022. The company's yearly revenue for 2022 was $94.61M, representing an increase of 7.00% compared to 2021. CHMG's yearly revenue for 2021 was $88.42M, representing an increase of 6.70% compared to 2020.
What is Chemung Financial’s quarterly revenue?
Chemung Financial's quarterly revenue for Q2 2024 was $36.97M, a 0.66% increase from the previous quarter (Q1 2024), and a 55.77% increase year-over-year (Q2 2023). The company'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). CHMG's quarterly revenue for Q4 2023 was $35.7M, a 39.59% increase from the previous quarter (Q3 2023), and a 39.38% increase year-over-year (Q4 2022).
What is Chemung Financial’s revenue growth rate?
Chemung Financial's revenue growth rate for the last 3 years (2021-2023) was 55.53%, and for the last 5 years (2019-2023) was 72.12%.
What are Chemung Financial’s revenue streams?
Chemung Financial's revenue streams in c 23 are Service Charge on Deposits, Other, Loan Servicing Fees, Product and Service, Other, Sale of Loans, Interchange Revenue, Investment Brokerage, Overdraft Fees, and W M G Fee Income. Service Charge on Deposits, Other generated $823K in revenue, accounting 3.37% of the company's total revenue, up 16.90% year-over-year. Loan Servicing Fees generated $144K in revenue, accounting 0.59% of the company's total revenue, down -5.88% year-over-year. Product and Service, Other generated $4.14M in revenue, accounting 16.95% of the company's total revenue, up 147.87% year-over-year. Sale of Loans generated $144K in revenue, accounting 0.59% of the company's total revenue, up 34.58% year-over-year. Interchange Revenue generated $4.61M in revenue, accounting 18.87% of the company's total revenue, up 0.07% year-over-year. Investment Brokerage generated $995K in revenue, accounting 4.08% of the company's total revenue, down -7.78% year-over-year. Overdraft Fees generated $3.1M in revenue, accounting 12.69% of the company's total revenue, up 0.39% year-over-year. W M G Fee Income generated $10.46M in revenue, accounting 42.86% of the company's total revenue, up 1.75% year-over-year.
What is Chemung Financial’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Chemung Financial was W M G Fee Income. This segment made a revenue of $10.46M, representing 42.86% of the company's total revenue.