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CHMG (Chemung Financial) Tax Rate % : 21.18% (As of Dec. 2024)


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What is Chemung Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Chemung Financial's Tax Expense for the three months ended in Dec. 2024 was $1.59 Mil. Chemung Financial's Pre-Tax Income for the three months ended in Dec. 2024 was $7.50 Mil. Therefore, Chemung Financial's Tax Rate % for the quarter that ended in Dec. 2024 was 21.18%.

Chemung Financial Tax Rate % Historical Data

The historical data trend for Chemung Financial's Tax Rate % 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.

* Premium members only.

Chemung Financial Tax Rate % Chart

Chemung Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.30 21.73 21.97 20.64 21.32

Chemung Financial Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.11 22.43 20.35 20.92 21.18

Chemung Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Chemung Financial's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=6.414/30.085
=21.32 %

Chemung Financial's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=1.589/7.503
=21.18 %

* 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.

Chemung Financial Tax Rate % Related Terms

Thank you for viewing the detailed overview of Chemung Financial's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Chemung Financial Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Chemung Financial Corp (NAS:CHMG) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
One Chemung Canal Plaza, PO Box 1522, Elmira, NY, USA, 14901
Website
https://www.chemungcanal.com
Chemung Financial Corp is a bank holding firm. Through its subsidiaries, the company provides various financial services, including demand, savings, and time deposits, commercial, residential, and consumer loans, letters of credit, wealth management services, employee benefit plans, insurance products, mutual funds, and brokerage services, among others. The company's reportable segments are Core Banking, Wealth Management (WMG) services, and Holding company and CFS. Maximum revenue is generated from the Core Banking segment, which derives revenue by attracting deposits from the general public and using such funds to originate different types of loans, and to invest in securities. The Wealth Management (WMG) services segment provides trust and investment advisory services to clients.
Executives
Meade Joseph F Iv director 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
Tranter G. Thomas Jr. director ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
Thomas W Wirth officer: Senior Vice President ONE CHEMUNG CANAL PLAZA, P.O. BOX 1522, ELMIRA NY 14902-1522
Daniel D Fariello officer: President, Capital Bank Div. 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
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
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
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