Comparing the current results to its competitors, Chemung Financial reported Revenue increase in the 1 quarter 2026 by 19.05 % year on year. The sales growth was above Chemung Financial's competitors' average revenue growth of 10.85 %, achieved in the same quarter.
Chemung Financial Corp Net Income in the 1 quarter 2026 grew year on year by 52.73%, faster than the Chemung Financial's competitors average income growth of 17.59 %
Chemung Financial's Comment on Competition and Industry Peers
The Bank competes in lending and deposit gathering with local, regional, and national commercial banks, thrift institutions, credit unions, brokerage firms, investment companies, insurance companies, fintech companies, and internet banking entities. It also faces competition from non-financial institutions such as retail stores and utilities offering credit programs, as well as governmental agencies providing loans. Credit unions benefit from less regulation and tax advantages. In wealth management services, competitors include local offices of national brokerage firms, independent investment advisors, national and regional banks, and internet-based brokerage and advisory firms.
Overall company sales advanced by 19.05 % Chemung Financial outperformed its competitors in this segment and improved market share, to approx. 0.01 %. << More on CHMG Market Share.
*Market share is calculated based on total revenue.
Tompkins Financial Corp's business model is centered around providing financial services to individuals and businesses. This encompasses a range of offerings such as banking, investment management, insurance, and wealth management.
Republic Bancorp Inc. operates as a financial holding company that owns and operates Republic Bank & Trust Company. The company's business model is centered around providing a range of banking and financial services to individuals and businesses in its markets, including commercial and retail banking, mortgage lending, trust and investment services, and other related products and services. Republic Bancorp Inc. aims to grow its business through a customer-centric approach, competitive offerings, and a focus on delivering exceptional customer service.
Quaint Oak Bancorp Inc operates as a bank holding company that owns and controls Quaint Oak Bank, a federally chartered savings bank. They primarily engage in providing financial services to individuals, families, and businesses in Pennsylvania, focusing on mortgage lending, commercial lending, and deposit services. Their business model revolves around offering personalized banking solutions, competitive rates, and building long-term relationships with their customers.
QCR Holdings Inc's business model involves providing a range of financial products and services to individuals and businesses through its subsidiary banks.
Penns Woods Bancorp Inc operates as a bank holding company primarily engaged in providing commercial banking and financial services. The company focuses on delivering personalized banking solutions to individuals and businesses in its local market, while also striving to maintain strong customer relationships through exceptional service.
Sources:
Chemung Financial Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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