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Chemung Financial Corp  (CHMG)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

CHMG's Net Income Growth by Quarter and Year

Chemung Financial's Net Income results by quarter and year




CHMG Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 3.80 7.44 6.45 5.23
III Quarter September 7.65 6.45 6.65 5.71
II Quarter June 6.28 8.02 6.80 5.83
I Quarter March 7.27 6.87 6.53 2.49
FY   25.00 28.78 26.43 19.26



CHMG Net Income fourth quarter 2023 Y/Y Growth Comment
Chemung Financial Corp reported drop in Net Income in the fourth quarter 2023 by -48.9% to $ 3.80 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Chemung Financial Corp's Net Income compares unfavorably to the Company's average Net Income increase of 18.22%.

Looking into fourth quarter 2023 results within Regional Banks industry 30 other companies have achieved higher Net Income growth. While Chemung Financial Corp' s Net Income meltdown of -48.9% ranks overall at the positon no. 699 in the fourth quarter 2023.




CHMG Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -48.9 % 15.35 % 23.33 % 24.52 %
III Quarter September 18.6 % -3.01 % 16.46 % 191.33 %
II Quarter June -21.7 % 17.94 % 16.64 % 17.07 %
I Quarter March 5.82 % 5.21 % 162.25 % -44.3 %
FY   -13.13 % 8.89 % 37.23 % 23.38 %

Financial Statements
Chemung Financial's fourth quarter 2023 Net Income $ 3.80 millions CHMG's Income Statement
Chemung Financial's fourth quarter 2022 Net Income $ 7.44 millions Quarterly CHMG's Income Statement
New: More CHMG's historic Net Income Growth >>


CHMG Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -50.3 % 15.35 % -3.01 % -8.41 %
III Quarter September 21.82 % -19.58 % -2.21 % -2.06 %
II Quarter June -13.62 % 16.74 % 4.13 % 134.14 %
I Quarter March -2.28 % 6.51 % 24.86 % -40.71 %
FY (Year on Year)   -13.13 % 8.89 % 37.23 % 23.38 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #31
Financial Sector #147
Overall #699

Net Income Y/Y Growth Statistics
High Average Low
164.15 % 18.22 % -44.96 %
(Dec 31 2018)   (Sep. 30, 2014)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #31
Financial Sector #147
Overall #699
Net Income Y/Y Growth Statistics
High Average Low
164.15 % 18.22 % -44.96 %
(Dec 31 2018)   (Sep. 30, 2014)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Chemung Financial's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
174.24 % 5.51 % -60.73 %
(Sep 30 2018)  


CHMG's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Chemung Financial Corp reported fall in Net Income from the previous quarter by -50.3% to $ 3.80 millions, from $ 7.65 millions declared a quarter before.

Even periodic influence which commonly energize IV. Quarter 2023 performance, could not rescue the IV. Quarter for the Chemung Financial Corp, Ginevra Agnelli, market insider said, she cited little pessimism towards Chemung Financial's perspective, she sees further difficulties ahead for CHMG and mentioned that average quarter on quarter Net Income growth is at 5.51% for CHMG.

Within Regional Banks industry 92 other companies have achieved higher Net Income quarter on quarter growth. While Chemung Financial's Net Income growth quarter on quarter, overall rank is 1217.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #93
Financial Sector #316
Overall #1217
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #93
Financial Sector #316
Overall #1217
Net Income Q/Q Growth Statistics
High Average Low
174.24 % 5.51 % -60.73 %
(Sep 30 2018)  


CHMG's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Chemung Financial Corp disclosed fall in Net Income sequentially by -50.3% to $ 3.80 millions, from $ 7.65 millions released in the previous reporting period.

Even cyclical influence which usually energize IV. Quarter 2023 performance, that clearly could not be enough to salvage Regional Banks's company IV. Quarter achievement, Ginevra Agnelli, market insider wrote.

Within Regional Banks industry 92 other companies have achieved higher Net Income quarter on quarter growth. While Chemung Financial's Net Income growth quarter on quarter, overall rank is 1217.


Chemung Financial's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 25.00 $ 28.64 $ 27.44 $ 29.19 $ 28.78
Y / Y Net Income Growth (TTM) -13.14 % 3.02 % -1.96 % 9.06 % 8.92 %
Year on Year Net Income Growth Overall Ranking # 613 # 633 # 709 # 685 # 466
Seqeuential Net Income Change (TTM) -12.7 % 4.35 % -5.98 % 1.4 % 3.54 %
Seq. Net Income Growth (TTM) Overall Ranking # 699 # 1020 # 951 # 892 # 892




Cumulative Net Income growth Comment
For the 12 months ended Dec 31 2023 Chemung Financial reported a decline in Net Income by -13.14% year on year, to $25 millions, compare to the 3.02% growth at Sep 30 2023.

In the Financial sector 126 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 613, from total ranking in previous quarter at 633.

Net Income TTM Q/Q Growth Statistics
High Average Low
164.15 %
18.22 %
-44.96 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 31
Financial Sector # 127
Overall # 613

Net Income TTM Y/Y Growth Statistics
High Average Low
164.15 %
18.22 %
-44.96 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 31
Sector # 147
S&P 500 # 699
Cumulative Net Income growth Comment
For the 12 months ended Dec 31 2023 Chemung Financial reported a decline in Net Income by -13.14% year on year, to $25 millions, compare to the 3.02% growth at Sep 30 2023.

In the Financial sector 126 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 613, from total ranking in previous quarter at 633.

Net Income TTM Q/Q Growth Statistics
High Average Low
164.15 %
18.22 %
-44.96 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 31
Financial Sector # 127
Overall # 613

Net Income TTM Y/Y Growth Statistics
High Average Low
164.15 %
18.22 %
-44.96 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 31
Sector # 147
S&P 500 # 699




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
CHMG's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for CHMG's Competitors
Net Income Growth for Chemung Financial's Suppliers
Net Income Growth for CHMG's Customers

You may also want to know
CHMG's Annual Growth Rates CHMG's Profitability Ratios CHMG's Asset Turnover Ratio CHMG's Dividend Growth
CHMG's Roe CHMG's Valuation Ratios CHMG's Financial Strength Ratios CHMG's Dividend Payout Ratio
CHMG's Roa CHMG's Inventory Turnover Ratio CHMG's Growth Rates CHMG's Dividend Comparisons



Companies with similar Net Income decline for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Lloyds Banking Group Plc-0.67%$ -0.666 millions
Republic Bancorp inc -0.69%$ -0.692 millions
American Assets Trust Inc -1.19%$ -1.193 millions
Boston Properties Inc -1.65%$ -1.649 millions
Pathward Financial Inc -1.79%$ -1.787 millions
Unity Bancorp inc -1.87%$ -1.868 millions
Raymond James Financial Inc -2.16%$ -2.161 millions
Flushing Financial Corporation-2.16%$ -2.162 millions
Top Financial Group Ltd-2.68%$ -2.680 millions
Phillips Edison and Company Inc -3.28%$ -3.280 millions
Employers Holdings Inc -3.39%$ -3.390 millions
Mgic Investment Corp-3.62%$ -3.625 millions
Realty Income Corporation-3.75%$ -3.755 millions
Plumas Bancorp-3.81%$ -3.812 millions
Citizens Financial Services Inc -4.25%$ -4.254 millions
Franklin Financial Services Corporation-6.62%$ -6.618 millions
Tfs Financial Corporation-6.70%$ -6.696 millions
Federal Home Loan Bank Of Boston-7.04%$ -7.042 millions
Us Bancorp De-7.42%$ -7.419 millions
The Cigna Group-7.60%$ -7.596 millions
S and t Bancorp Inc -8.00%$ -8.003 millions
Onemain Holdings Inc -8.33%$ -8.333 millions
Amalgamated Financial Corp -8.34%$ -8.342 millions
1st Source Corporation-8.50%$ -8.498 millions
Ohio Valley Banc Corp-8.54%$ -8.541 millions
Magyar Bancorp Inc -8.73%$ -8.729 millions
Independent Bank Corporation-8.90%$ -8.902 millions
Provident Financial Holdings inc -9.70%$ -9.701 millions
Stonex Group Inc -9.79%$ -9.791 millions
City Holding Company-10.50%$ -10.498 millions




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