Chemung Financial
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Chemung Financial's past years’ income statements indicate that its last revenue has increased compared to the previous period by 1% to $95,744,000. Profit margin reached 26%. Total operating expenses were $53,945,000.
Profit Margin
| 2014 | 75.51M | 8.55M | 11.33% |
|---|---|---|---|
| 2015 | 70.39M | 9.43M | 13.4% |
| 2016 | 72.80M | 10.02M | 13.77% |
| 2017 | 76.78M | 10.36M | 13.5% |
| 2018 | 82.69M | 19.62M | 23.73% |
| 2019 | 79.89M | 15.60M | 19.54% |
| 2020 | 82.87M | 19.26M | 23.24% |
| 2021 | 88.42M | 26.42M | 29.89% |
| 2022 | 94.61M | 28.78M | 30.42% |
| 2023 | 95.74M | 25M | 26.11% |
CHMG Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 95.74M | 94.61M | 88.42M | 82.87M | 79.89M | 82.69M | 76.78M | 72.80M | 70.39M | 75.51M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.14M | 13.22M | 13.22M |
Gross profit | 95.74M | 94.61M | 88.42M | 82.87M | 79.89M | 82.69M | 76.78M | 59.66M | 57.17M | 62.28M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 923K | 941K | 792K | 631K | 932K | 1.18M | 794K | 877K | 899K | 1.07M |
Total operating expenses | 53.94M | 941K | -54.66M | -59.00M | -60.85M | -54.98M | 794K | 877K | 899K | 1.07M |
Operating income | 31.50M | 44.18M | 33.76M | 23.86M | 19.04M | 27.70M | 21.46M | 21.14M | 20.44M | 26.75M |
Other income (expenses), net | 0 | -7.29M | 33.76M | -9.25M | 19.04M | -4.07M | -9.81M | -6.71M | -6.35M | -14.89M |
Income before tax | 31.50M | 36.88M | 33.76M | 23.86M | 19.04M | 23.63M | 18.63M | 14.43M | 14.09M | 12.51M |
Income tax expense | 6.50M | 8.10M | 7.33M | 4.60M | 3.43M | 4.00M | 8.26M | 4.40M | 4.65M | 3.96M |
Net income | 25M | 28.78M | 26.42M | 19.26M | 15.60M | 19.62M | 10.36M | 10.02M | 9.43M | 8.55M |
Earnings per share | ||||||||||
Basic EPS | 5.28 | 6.13 | 5.64 | 4.01 | 3.21 | 4.06 | 2.16 | 2.11 | 2 | 1.83 |
Diluted EPS | 5.28 | 6.13 | 5.64 | 4.01 | 3.21 | 4.06 | 2.16 | 2.11 | 2 | 1.83 |
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