Chemung Financial (CHMG) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

Chemung Financial Revenue Highlights

Latest Revenue (Y)

$137.52M

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
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
2024-09-30	$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 23	Dec 22	Dec 21	Dec 20	Dec 19
Sale of Loans	$144.00K	$107.00K	$1.07M	-	-
Interchange Revenue	$4.61M	$4.60M	$4.84M	-	-
W M G Fee Income	$10.46M	$10.28M	$11.07M	-	-
Overdraft Fees	$3.10M	$3.08M	$2.27M	-	-
Investment Brokerage	$995.00K	$1.08M	$1.04M	-	-
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	-	-
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%), Sale of Loans (0.59%), and Loan Servicing Fees (0.59%).

Quarterly Revenue by Product

Product/Service	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	Sep 19
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	-	-	-	-	-	-	-	-	-
Loan Servicing Fees	$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	-	-	-	-	-	-
Interchange Revenue	$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	-	-	-	-	-	-
Investment Brokerage	$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	-	-	-	-	-	-
Overdraft Fees	$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	-	-	-	-	-	-
Sale of Loans	$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	-	-	-	-	-	-
Service Charge on Deposits, Other	$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	-	-	-	-	-	-	-	-	-
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

Chemung Financial's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: WMG Fee Income (51.48%), Interchange Revenue (19.33%), Overdraft Fees (13.22%), Investment Brokerage (5.27%), Service Charge on Deposits, Other (4.27%), Products And Services, Other (4.25%), Sale of Loans (1.57%), and Loan Servicing Fees (0.62%).

Chemung Financial Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 22	Dec 21	Dec 20	Dec 19	Dec 18
Product and Service, Other	$1.67M	$2.19M	-	-	-
Sale of Loans	$107.00K	$1.07M	-	-	-
W M G Fee Income	$10.28M	$11.07M	-	-	-
Service Charge on Deposits, Other	$704.00K	$948.00K	-	-	-
Overdraft Fees	$3.08M	$2.27M	-	-	-
Investment Brokerage	$1.08M	$1.04M	-	-	-
Interchange Revenue	$4.60M	$4.84M	$4.04M	-	-
Loan Servicing Fees	$153.00K	$148.00K	-	-	-
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	$21.28M
OBT	Orange County Bancorp	$131.19M	$35.61M
BSVN	Bank7	$130.79M	$37.16M
COFS	ChoiceOne Financial Services	$114.13M	$36.28M
FNWB	First Northwest Bancorp	$104.92M	$28.21M
FNWD	Finward Bancorp	$96.53M	$22.47M
OVLY	Oak Valley Bancorp	$87.34M	$19.50M
FFNW	First Financial Northwest	$80.93M	$20.09M
CWBC	Community West Bancshares	$61.39M	$27.26M
HMNF	HMN Financial	$43.48M	$14.79M
HFBL	Home Federal Bancorp, Inc. of Louisiana	$33.45M	$8.04M
OFED	Oconee Federal Financial	$16.61M	$3.21M
FCCO	First Community	$10.42M	$26.72M

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 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 (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 Sale of Loans, Interchange Revenue, W M G Fee Income, Overdraft Fees, Investment Brokerage, Service Charge on Deposits, Other, Loan Servicing Fees, and Product and Service, Other. 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. 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. Overdraft Fees generated $3.1M in revenue, accounting 12.69% of the company's total revenue, up 0.39% year-over-year. Investment Brokerage generated $995K in revenue, accounting 4.08% of the company's total revenue, down -7.78% year-over-year. 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.

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.