Chemung Historical Income Statement
| CHMG Stock | USD 51.83 0.20 0.38% |
Historical analysis of Chemung Financial income statement accounts such as Interest Expense of 40.5 M, Selling General Administrative of 21.5 M or Total Revenue of 118.7 M can show how well Chemung Financial Corp performed in making a profits. Evaluating Chemung Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Chemung Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Chemung Financial Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Chemung Financial Corp is a good buy for the upcoming year.
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About Chemung Income Statement Analysis
Chemung Financial Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Chemung Financial shareholders. The income statement also shows Chemung investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Chemung Financial Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Chemung Financial Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Chemung Financial Corp. It is also known as Chemung Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Chemung Financial Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Chemung Financial Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Chemung Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Chemung Financial Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemung Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. At this time, Chemung Financial's Gross Profit is most likely to increase significantly in the upcoming years. The Chemung Financial's current Total Other Income Expense Net is estimated to increase to about 33.1 M, while Selling General Administrative is projected to decrease to roughly 21.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.4M | 7.3M | 38.6M | 40.5M | Depreciation And Amortization | 3.5M | 3.0M | 2.8M | 2.5M |
Chemung Financial income statement Correlations
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Chemung Financial Account Relationship Matchups
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Chemung Financial income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 609K | 4.2M | 3.5M | 3.0M | 2.8M | 2.5M | |
| Interest Expense | 6.3M | 4.0M | 3.4M | 7.3M | 38.6M | 40.5M | |
| Selling General Administrative | 29.9M | 30.8M | 31.9M | 34.1M | 36.6M | 21.5M | |
| Total Revenue | 79.9M | 82.9M | 88.4M | 94.6M | 113.1M | 118.7M | |
| Gross Profit | 79.9M | 82.9M | 88.4M | 94.6M | 113.1M | 118.7M | |
| Other Operating Expenses | 60.9M | 59.0M | 54.7M | 941K | 923K | 876.9K | |
| Operating Income | 19.0M | 23.9M | 33.8M | 44.2M | 31.5M | 29.9M | |
| Ebit | 19.0M | 23.9M | 33.8M | 36.9M | 31.5M | 27.5M | |
| Ebitda | 19.7M | 28.1M | 37.3M | 39.9M | 31.5M | 29.9M | |
| Total Operating Expenses | (60.9M) | (59.0M) | (54.7M) | 941K | 923K | 876.9K | |
| Income Before Tax | 19.0M | 23.9M | 33.8M | 36.9M | 31.5M | 16.3M | |
| Total Other Income Expense Net | 19.0M | (9.3M) | (8.0M) | (8.7M) | 31.5M | 33.1M | |
| Net Income | 15.6M | 19.3M | 26.4M | 28.8M | 25M | 26.3M | |
| Income Tax Expense | 3.4M | 4.6M | 7.3M | 8.1M | 6.5M | 4.6M | |
| Net Income Applicable To Common Shares | 15.6M | 19.3M | 26.4M | 28.8M | 33.1M | 34.8M | |
| Net Income From Continuing Ops | 15.6M | 19.3M | 26.4M | 28.8M | 25M | 19.7M | |
| Selling And Marketing Expenses | 932K | 631K | 792K | 941K | 923K | 743.3K | |
| Tax Provision | 3.4M | 4.6M | 7.3M | 8.1M | 6.5M | 6.1M | |
| Net Interest Income | 60.6M | 62.9M | 65.6M | 74.2M | 74.5M | 68.2M | |
| Interest Income | 66.9M | 66.9M | 69.0M | 81.5M | 113.1M | 77.3M | |
| Reconciled Depreciation | 4.4M | 4.3M | 243K | 15K | 2.8M | 2.3M |
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When determining whether Chemung Financial Corp is a strong investment it is important to analyze Chemung Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chemung Financial's future performance. For an informed investment choice regarding Chemung Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemung Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chemung Financial. If investors know Chemung will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chemung Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Dividend Share 1.24 | Earnings Share 4.52 | Revenue Per Share 19.63 | Quarterly Revenue Growth (0.06) |
The market value of Chemung Financial Corp is measured differently than its book value, which is the value of Chemung that is recorded on the company's balance sheet. Investors also form their own opinion of Chemung Financial's value that differs from its market value or its book value, called intrinsic value, which is Chemung Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chemung Financial's market value can be influenced by many factors that don't directly affect Chemung Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chemung Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemung Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemung Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.