Chemung Financial
Holding company for a community bank chartered in 1833, expanding under Capital Bank and Canal Bank.
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Profile
Runs a deposit and lending franchise concentrated across upstate New York's Southern Tier and Finger Lakes plus Bradford County, Pennsylvania, extended into new markets through separately branded Capital Bank and Canal Bank divisions, alongside a wealth-management arm that generates a disproportionately large share of fee income for the bank's asset base.
Operates as the holding company for Chemung Canal Trust Company, chartered in 1833 and marketed as the oldest continuously operating independent community bank in New York State. Core banking — deposits and commercial, real estate, mortgage, and consumer lending — concentrates across the Southern Tier, Finger Lakes, and Bradford County, Pennsylvania.
Two divisions extend the franchise without erasing local identity: Capital Bank serves the Albany-area Capital District, and Canal Bank, launched in 2024, reaches into Western New York around Buffalo.
A Wealth Management Group adds trust, custodial, executor, and investment-advisory services that generate a fee-income stream disproportionately large for the bank's balance sheet, alongside a non-bank subsidiary distributing mutual funds, annuities, brokerage through LPL Financial, insurance, and tax preparation.
The bank operates under a New York State charter and Federal Reserve System membership, led by a chief executive since 2016.
Company facts
Categories
Key statistics
Year to date +49.1% · Average volume (30d) 61.7K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $1.77 | $1.82 | +2.8% | $30.5M | $31.2M | +2.1% | −0.51% |
| Apr 17, 2026Q1 FY26 | $1.63 | $1.91 | +17.2% | $29.2M | $29.9M | +2.4% | +8.17% |
| Jan 26, 2026Q4 FY25 | $1.60 | $1.61 | +0.6% | $29.5M | $30.5M | +3.5% | +2.48% |
| Oct 21, 2025Q3 FY25 | $1.68 | $1.62 | −3.6% | $29.5M | $28.5M | −3.3% | +2.45% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $37.3M | $22.0M | $39.7M | $40.9M | $39.9M | $18.1M | |
| Gross profit | $24.3M | $8.7M | $27.5M | $29.4M | $29.3M | $7.5M | |
| Operating income | $7.7M | −$8.8M | $10.1M | $11.0M | $11.8M | −$11.8M | |
| Net income | $6.0M | −$6.5M | $7.8M | $7.7M | $9.2M | $8.8M | |
| Diluted EPS | $1.26 | −$1.34 | $1.60 | $1.61 | $1.91 | $1.82 | |
| Gross margin | 65.2% | 39.3% | 69.1% | 71.9% | 73.4% | 41.3% | |
| Operating margin | 20.6% | -40.0% | 25.4% | 26.9% | 29.7% | -65.5% |
Fiscal years (4-quarter sums)FY21 $91.8M · FY22 $101.9M · FY23 $136.6M · FY24 $149.6M · FY25 $139.9M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $357.0M · Total debt $142.4M · Total assets $2.82B · Shareholders' equity $270.4M
Dividends
Raised for 30 straight years — most recently to $0.34 from $0.32 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 17, 2026 | Jun 17 | Jul 1 | $0.34 | |
| Mar 18, 2026 | Mar 18 | Apr 1 | $0.34 | |
| Dec 19, 2025 | Dec 19 | Jan 2 | $0.34 | |
| Sep 17, 2025 | Sep 17 | Oct 1 | $0.34 | raised from $0.32 |
| Jun 17, 2025 | Jun 17 | Jul 1 | $0.32 | |
| Mar 18, 2025 | Mar 18 | Apr 1 | $0.32 | raised from $0.31 |
| Dec 19, 2024 | Dec 19 | Jan 2 | $0.31 | |
| Sep 19, 2024 | Sep 19 | Oct 1 | $0.31 |
Ownership
Shares outstanding 4.82M · Float 3.63M · 75.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Chemung Canal Trust Co | 305.1K | 6.30% | 13G | Jul 15, 2026 |
| Dalrymple Family Limited Partnership | 272.0K | 5.70% | 13G | Feb 13, 2026 |
| BlackRock, Inc. | 254.4K | 5.30% | 13G | Jul 27, 2026 |
| Dimensional Fund Advisors LP | 181.8K | 3.77% | 13F | May 7, 2026 |
| Vanguard Capital Management LLC | 173.2K | 3.59% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 27, 2026 | Thomas R. Tyrrell | director | −788 | $65.33 |
| Feb 26, 2026 | Robert H. Dalrymple | director | −2,833 | $56.56 |
| Feb 4, 2026 | Daniel D. Fariello | officer: President, Capital Bank Div. | −748 | $61.13 |
| Feb 3, 2026 | Daniel D. Fariello | officer: President, Capital Bank Div. | −242 | $61.57 |
| Feb 2, 2026 | Thomas R. Tyrrell | director | −500 | $61.00 |
Peers
- Tompkins Financial
Direct Southern Tier/Finger Lakes rival in banking and wealth management
- NBT Bancorp
Larger super-regional overlapping Southern Tier, Capital District, and WNY
- Arrow Financial
Capital District community-bank rival with an overlapping wealth-advisory arm
- Community Financial System
Larger upstate NY community bank with overlapping wealth and insurance lines
- M&T Bank
Buffalo-headquartered mega-bank facing the new Canal Bank WNY division
- Financial Institutions
Five Star Bank overlaps directly in Finger Lakes and Western New York
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Chemung Financial | $81.60 | +0.41% | $393.3M | 11.8 | 10.5 | 2.8 | +39.6% |
| Tompkins Financial | $97.80 | −0.07% | $1.41B | 8.0 | 12.2 | 2.9 | +5.4% |
| NBT Bancorp | $51.55 | 0.00% | $2.68B | 12.6 | 11.8 | 2.8 | +9.4% |
| Arrow Financial | $38.16 | −0.05% | $630.7M | 12.2 | 9.5 | 3.0 | +10.1% |
| Community Financial System | $63.11 | −0.06% | $3.32B | 14.7 | 13.0 | 3.2 | +9.6% |
| M&T Bank | $237.29 | −0.08% | $34.39B | 12.5 | 11.9 | 2.8 | +5.7% |
| Financial Institutions | $40.96 | 0.00% | $806.4M | 10.1 | 9.8 | 2.6 | +8.2% |
| Median | 12.4 | 11.8 | 2.9 | +8.8% |