Chemung Financial (Chemung Financial) Efficiency Overhead Ratio % : 70.79% (As of Dec. 2023)

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What is Chemung Financial Efficiency Overhead Ratio %?

Efficiency Overhead Ratio % for banks is non-interest expenses divided by revenue. It helps show how well banks control their overhead expenses. A lower Efficiency Overhead Ratio suggests that the bank is operating better.

Chemung Financial's Efficiency Overhead Ratio % for the quarter that ended in Dec. 2023 was 70.79% , which is higher than 60.67% for the pervious quarter ended in Sep. 2023.

Chemung Financial's Efficiency Overhead Ratio % for the annual that ended in Dec. 2023 was 64.89% , which is higher than 62.00% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Chemung Financial's Efficiency Overhead Ratio % or its related term are showing as below:

CHMG's Efficiency Overhead Ratio % is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Efficiency Overhead Ratio % only.

Chemung Financial Efficiency Overhead Ratio % Historical Data

The historical data trend for Chemung Financial's Efficiency Overhead Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Chemung Financial Efficiency Overhead Ratio % Chart

Chemung Financial Annual Data

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Chemung FinancialQuarterly Data

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Competitive Comparison of Chemung Financial's Efficiency Overhead Ratio %

For the Banks - Regional subindustry, Chemung Financial's Efficiency Overhead Ratio %, along with its competitors' market caps and Efficiency Overhead Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Chemung Financial (NAS:CHMG) Efficiency Overhead Ratio % Calculation

Efficiency Overhead Ratio % is calculated as

Efficiency Overhead Ratio %

Non-interest Expenses

Revenue

Chemung Financial (NAS:CHMG) Efficiency Overhead Ratio % Explanation

Efficiency Overhead Ratio % is typically used to analyze how well a company uses its assets and liabilities. It typically calculates the turnover of receivables, the repayment of liabilities, etc. In the banking industry, Efficiency Overhead Ratio % specifically refers to non-interest expenses divided by revenue. This ratio shows how well banks control their overhead expenses and allows analysts to assess their performance.

An Efficiency Overhead Ratio lower than 50% is considered to be optimal. If the Efficiency Overhead Ratio decreases, it means the bank’s expenses are decreasing and revenues are increasing, suggesting the bank is operating better.

Chemung Financial Efficiency Overhead Ratio % Related Terms

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Chemung Financial (Chemung Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Chemung Financial Corp (NAS:CHMG) » Definitions » Efficiency Overhead Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Chemung Canal Plaza, Elmira, NY, USA, 14901

Website

https://www.chemungcanal.com

Chemung Financial Corp is a bank holding firm. It provides financial services, including demand, savings, and time deposits, commercial, residential, and consumer loans, letters of credit, wealth management services, employee benefit plans, securities, and insurance brokerage services. Its business operations are organized into two segments, Core Banking, and Wealth Management services. It derives its revenues from the core banking business.

Executives

Meade Joseph F Iv	director	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Thomas W Wirth	officer: Senior Vice President	ONE CHEMUNG CANAL PLAZA, P.O. BOX 1522, ELMIRA NY 14902-1522
Mckim Dale M. Iii	officer: EVP, CFO & Treasurer	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Jeffrey P. Kenefick	officer: Regional President	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Loren D Cole	officer: Executive Vice President	ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
Thomas R. Tyrrell	director	ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
John J Stempin	officer: Controller	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Ronald M Bentley	officer: President & COO	ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
Koen G. Long	officer: Controller	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Denise V Gonick	director	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Tranter G. Thomas Jr.	director	ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
Jeffrey B Streeter	director	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Robert H Dalrymple	director, 10 percent owner	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Kimberly A Hazelton	officer: Executive Vice President	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Archibold Raimundo C. Jr	director	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522