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Income Statement
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CHEMUNG FINANCIAL CORP (CHMG)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  68.158.959.158.257.852.849.748.3
        Interest income on investments  13.210.07.16.46.06.76.25.9
       81.569.066.966.964.660.156.254.2
    Interest expense:  
        Interest on deposits  6.73.33.86.23.32.22.22.0
       7.33.44.06.34.13.13.83.6
Net interest income  74.265.662.960.660.557.052.350.6
Provision for loan losses       9.02.41.6
Net interest income after provision for loan losses  74.265.662.960.660.548.049.949.1
        Deposit and loan fees         4.9
        Credit and debit card fees         3.3
        Gain on sale of investments, net         0.4
        Other non-interest income  21.423.921.120.123.120.521.111.9
Total non-interest income  21.423.921.120.123.120.521.120.4
Non-interest expenses  59.355.755.955.756.853.856.655.4
Pre-tax income before non-recurring items  36.933.823.919.024.615.515.614.1
Non-recurring items      1.00.91.2 
Pre-tax income  36.933.823.919.023.614.714.414.1
Income taxes  8.17.34.63.44.07.34.44.7
            Tax rate  22.0%21.7%19.3%18.0%17.0%49.4%30.5%33.1%
Net income  28.826.419.315.619.67.410.09.4
            Net margin  30.1%29.5%22.9%19.3%23.5%10.9%14.1%13.6%
   
Basic EPS  $6.13$5.64$4.01$3.21$4.06$1.55$2.11$2.00
Diluted EPS  $6.13$5.64$4.01$3.21$4.06$1.55$2.11$2.00
   
Shares outstanding (basic)  4.74.74.84.94.84.84.84.7
Shares outstanding (diluted)  4.74.74.84.94.84.84.84.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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