Saturday 17 October 2026
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Chemung Financial Corp
CHMG Financial Banks Regional
Chemung Financial Corp’s revenue for fiscal 2025 (year ended December 2025) was $140.8 million, down 6.64% from fiscal 2024. In the quarter to June 2026, revenue grew 85.4%, EPS grew 234.8%, free cash flow fell 18.1% and total debt rose 33.3%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.
80.83
1.23
+1.55%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 26.05 | 31.72 | 36.87 | 38.56 | 21.75 | 33.33 | 40.74 | 33.72 | 39.00 | 40.71 |
Analyst estimates 2026–2028 Powerpack |
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| High | 36.75 | 56.83 | 53.99 | 51.00 | 43.11 | 49.50 | 48.75 | 53.43 | 55.73 | 60.80 | |||||
| People | |||||||||||||||
| People | Employees | 368 | 371 | 374 | 362 | 341 | 337 | 340 | 339 | 343 | 348 | ||||
| Revenue/emp, $m | 0.21 | 0.22 | 0.23 | 0.24 | 0.26 | 0.28 | 0.30 | 0.41 | 0.44 | 0.40 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 77 | 81 | 88 | 87 | 88 | 93 | 103 | 138 | 151 | 141 | ||||
| Gross margin, % | 95.03 | 96.19 | 95.35 | 92.73 | 95.47 | 96.32 | 92.91 | 71.94 | 64.52 | 67.55 | |||||
| EBT | 14 | 15 | 24 | 19 | 24 | 34 | 37 | 32 | 30 | 20 | |||||
| EBT margin, % | 18.66 | 18.24 | 26.97 | 21.89 | 27.11 | 36.35 | 35.85 | 22.89 | 19.95 | 14.16 | |||||
| Net income | 10 | 7 | 20 | 16 | 19 | 26 | 29 | 25 | 24 | 15 | |||||
| Depreciation | 7 | 6 | 5 | 5 | 6 | 9 | 7 | 5 | 4 | 4 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 16.24 | 16.78 | 18.13 | 17.87 | 18.33 | 19.83 | 21.93 | 29.08 | 31.61 | 29.30 | ||||
| Earnings | 2.11 | 1.55 | 4.06 | 3.21 | 4.01 | 5.64 | 6.13 | 5.28 | 4.96 | 3.14 | |||||
| Cash flow | 4.65 | 4.93 | 5.75 | 5.42 | 5.97 | 7.57 | 7.47 | 6.53 | 6.25 | 9.47 | |||||
| Capex | (0.03) | (0.23) | (0.01) | (0.09) | (0.05) | (0.03) | (0.02) | (0.04) | (0.67) | 0.03 | |||||
| Free cash flow | 4.62 | 4.70 | 5.73 | 5.34 | 5.92 | 7.54 | 7.45 | 6.49 | 5.58 | 9.50 | |||||
| Book value | 30.19 | 31.21 | 34.15 | 37.51 | 41.59 | 45.15 | 35.45 | 41.26 | 45.14 | 53.02 | |||||
| Shares, m | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 16.82 | 31.78 | 10.20 | 13.24 | 8.47 | 8.24 | 7.41 | 9.46 | 9.84 | 17.77 | ||||
| P/S | 2.19 | 2.94 | 2.28 | 2.38 | 1.85 | 2.34 | 2.07 | 1.72 | 1.54 | 1.90 | |||||
| P/B | 1.18 | 1.58 | 1.21 | 1.13 | 0.82 | 1.03 | 1.28 | 1.21 | 1.08 | 1.05 | |||||
| EV/Sales | 1.40 | 3.35 | 0.84 | 1.02 | 0.66 | 2.25 | 2.49 | 1.70 | 1.98 | 2.50 | |||||
| EV/FCF | 4.90 | 11.96 | 2.67 | 3.43 | 2.05 | 5.91 | 7.34 | 7.63 | 11.21 | 7.73 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 22 | 24 | 28 | 26 | 29 | 35 | 35 | 31 | 30 | 45 | ||||
| Capex | 0 | (1) | 0 | 0 | 0 | 0 | 0 | 0 | (3) | 0 | |||||
| Free cash flow | 22 | 23 | 28 | 26 | 28 | 35 | 35 | 31 | 27 | 46 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (210) | (143) | (133) | (153) | (403) | (614) | (420) | (401) | (257) | 55 | ||||
| Total debt | 14 | 64 | 4 | 4 | 4 | 18 | 99 | 35 | 113 | 135 | |||||
| Net debt | (61) | 33 | (126) | (118) | (105) | (9) | 43 | (2) | 66 | 84 | |||||
| Shareholders’ equity | 144 | 150 | 165 | 183 | 200 | 211 | 166 | 195 | 215 | 255 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 0.61 | 0.44 | 1.13 | 0.88 | 0.95 | 1.12 | 1.14 | 0.93 | 0.86 | 0.55 | ||||
| ROIC | 10.92 | 5.01 | 37.53 | 18.36 | 15.70 | 10.41 | 11.00 | 10.18 | 6.69 | 3.67 | |||||
| ROE | 7.14 | 5.06 | 12.47 | 8.98 | 10.08 | 12.85 | 15.24 | 13.83 | 11.53 | 6.43 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Chemung Financial Corp vs peers in Banks Regional (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ISTR Investar Holding Corporation | $395.3M | 16.4× | 10.1× | +48.21% (above 0%: growing) | +39.13% (above 0%: growing) | +108.35% (above 0%: growing) | 64.92% | 0.00% | Compare |
| PCB PCB Bancorp | $390.4M | 9.6× | 8.7× | +1.21% (above 0%: growing) | +15.87% (above 0%: growing) | −67.53% (below 0%: shrinking) | 57.65% | 0.00% | Compare |
| CHMG Chemung Financial Corp | $383.8M | 11.6× | 9.9× | +85.38% (above 0%: growing) | n/m | −18.05% (below 0%: shrinking) | 75.31% | 0.00% | |
| PKBK Parke Bancorp, Inc. | $383.7M | 8.3× | — | +9.73% (above 0%: growing) | +48.57% (above 0%: growing) | −12.38% (below 0%: shrinking) | 60.74% | 0.00% | Compare |
| FRST Primis Financial Corp. | $382.9M | 7.2× | 12.8× | +19.34% (above 0%: growing) | +285.01% (above 0%: growing) | +85.35% (above 0%: growing) | 71.20% | 0.00% | Compare |
| FNLC First Bancorp, Inc (ME) | $381.4M | 10.1× | 10.2× | +1.24% (above 0%: growing) | +17.81% (above 0%: growing) | −281.41% (below 0%: shrinking) | 58.03% | 0.00% | Compare |
| NECB Northeast Community Bancorp Inc. | $381.0M | 8.6× | 8.3× | −5.64% (below 0%: shrinking) | −11.76% (below 0%: shrinking) | −14.85% (below 0%: shrinking) | 68.91% | 0.00% | Compare |
| CZFS Citizens Financial Services Inc. | $380.6M | 9.4× | 7.9× | +2.61% (above 0%: growing) | +20.45% (above 0%: growing) | −106.85% (below 0%: shrinking) | 68.26% | 0.00% | Compare |
| MVBF Mvb Financial Corp. | $377.0M | 9.6× | 12.3× | +33.88% (above 0%: growing) | +493.75% (above 0%: growing) | −42.33% (below 0%: shrinking) | 75.80% | 0.00% | Compare |
| Median of peers | $382.1M | 9.5× | 10.1× | +6.17% | +29.79% | −28.59% | 66.59% | 0.00% |
Chemung Financial Corp (CHMG) key facts
- Concern: Chemung Financial Corp’s revenue for fiscal 2025 (year ended December 2025) was $140.8 million, down 6.64% from fiscal 2024.
- Chemung Financial Corp (CHMG) is a Banks Regional company in the Financial sector, listed on Nasdaq.
- As of October 16, 2026, CHMG traded at $80.83, a market capitalization of $383.8 million.
- Chemung Financial Corp pays an annual dividend of $1.38 per share, a yield of 1.71%, with a payout ratio of 19.8%.
- Return on equity was 6.43% and debt-to-equity 0.51.
- Its Piotroski F-score is 5 out of 9 for fiscal 2025.