Chemung Financial Management
Management criteria checks 4/4
We currently do not have sufficient information about the CEO.
Key information
Anders Tomson
Chief executive officer
US$1.3m
Total compensation
| CEO salary percentage | 51.1% |
| CEO tenure | 8yrs |
| CEO ownership | 1.2% |
| Management average tenure | 7.3yrs |
| Board average tenure | 10.8yrs |
Recent management updates
Recent updates
Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
Nov 23
We think Chemung Financial Corporation's (NASDAQ:CHMG) CEO May Struggle To See Much Of A Pay Rise This Year
May 29Chemung Financial (NASDAQ:CHMG) Has Affirmed Its Dividend Of $0.31
Feb 25Chemung Financial (NASDAQ:CHMG) Has Affirmed Its Dividend Of $0.31
Dec 13Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
Nov 19Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of $0.31
Sep 03Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
Aug 20Chemung Financial Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Jul 24Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of $0.31
Jun 06Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
May 23Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
Dec 09Chemung Financial's (NASDAQ:CHMG) Dividend Will Be $0.31
Sep 07Chemung Financial (NASDAQ:CHMG) Is Paying Out A Dividend Of $0.31
Aug 21Chemung Financial declares $0.31 dividend
Aug 17Chemung Financial GAAP EPS of $1.72, revenue of $24.7M
Jul 21Chemung Financial's (NASDAQ:CHMG) Dividend Will Be US$0.31
Jun 09Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of US$0.31
May 22Shareholders May Not Be So Generous With Chemung Financial Corporation's (NASDAQ:CHMG) CEO Compensation And Here's Why
Jun 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$22m |
| Mar 31 2024 | n/a | n/a | US$25m |
| Dec 31 2023 | US$1m | US$655k | US$25m |
| Sep 30 2023 | n/a | n/a | US$29m |
| Jun 30 2023 | n/a | n/a | US$27m |
| Mar 31 2023 | n/a | n/a | US$29m |
| Dec 31 2022 | US$1m | US$600k | US$29m |
| Sep 30 2022 | n/a | n/a | US$28m |
| Jun 30 2022 | n/a | n/a | US$28m |
| Mar 31 2022 | n/a | n/a | US$27m |
| Dec 31 2021 | US$1m | US$518k | US$26m |
| Sep 30 2021 | n/a | n/a | US$25m |
| Jun 30 2021 | n/a | n/a | US$24m |
| Mar 31 2021 | n/a | n/a | US$23m |
| Dec 31 2020 | US$914k | US$480k | US$19m |
| Sep 30 2020 | n/a | n/a | US$18m |
| Jun 30 2020 | n/a | n/a | US$14m |
| Mar 31 2020 | n/a | n/a | US$14m |
| Dec 31 2019 | US$863k | US$460k | US$16m |
| Sep 30 2019 | n/a | n/a | US$17m |
| Jun 30 2019 | n/a | n/a | US$22m |
| Mar 31 2019 | n/a | n/a | US$20m |
| Dec 31 2018 | US$827k | US$417k | US$20m |
| Sep 30 2018 | n/a | n/a | US$12m |
| Jun 30 2018 | n/a | n/a | US$8m |
| Mar 31 2018 | n/a | n/a | US$9m |
| Dec 31 2017 | US$732k | US$375k | US$7m |
Compensation vs Market: Anders's total compensation ($USD1.28M) is about average for companies of similar size in the US market ($USD1.41M).
Compensation vs Earnings: Anders's compensation has been consistent with company performance over the past year.
CEO
Anders Tomson (57 yo)
8yrs
Tenure
US$1,283,098
Compensation
Mr. Anders M. Tomson serves as Director of Federal Home Loan Bank of New York. Mr. Tomson has been the Chief Executive Officer and Director of Chemung Canal Trust Company and Chemung Financial Corporation...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8yrs | US$1.28m | 1.17% $ 2.8m | |
| Executive VP | 1.4yrs | US$560.52k | 0.079% $ 187.5k | |
| Executive VP & Chief Information Officer | 7.6yrs | US$485.79k | 0.22% $ 525.0k | |
| EVP, Chief Credit Officer & Chief Risk Officer | 5.3yrs | US$497.22k | 0.11% $ 262.0k | |
| President of Capital Bank Division | 6.9yrs | US$477.40k | 0.19% $ 452.7k | |
| VP & Corporate Secretary | no data | no data | no data | |
| Senior VP & Director of Marketing | no data | no data | no data | |
| Senior VP | 1.9yrs | no data | no data | |
| Executive Vice President of Wealth Management Group at Chemung Canal Trust Company | 9.9yrs | US$315.34k | 0.47% $ 1.1m | |
| Senior Vice President of WMG Estate Administration | no data | no data | no data | |
| Executive Vice President of Retail Client | 8.9yrs | no data | 0.14% $ 325.9k | |
| Senior Vice President of WMG Investment Services | no data | no data | no data |
7.3yrs
Average Tenure
56yo
Average Age
Experienced Management: CHMG's management team is seasoned and experienced (7.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8yrs | US$1.28m | 1.17% $ 2.8m | |
| Independent Director | 17.8yrs | US$65.94k | 0.97% $ 2.3m | |
| Independent Chairman of the Board | 31.9yrs | US$91.08k | 8.07% $ 19.2m | |
| Independent Director | 29.9yrs | US$63.68k | 5.22% $ 12.4m | |
| Independent Director | 29.9yrs | US$61.09k | 0.45% $ 1.1m | |
| Independent Director | 6.8yrs | US$67.45k | 0.16% $ 373.1k | |
| Member of Capital Bank Advisory Board | no data | US$44.34k | no data | |
| Independent Director | 6.8yrs | US$56.87k | 0.12% $ 274.7k | |
| Independent Director | 10.8yrs | US$62.09k | 0.16% $ 389.7k | |
| Independent Director | 10.8yrs | US$63.61k | 0.57% $ 1.4m | |
| Independent Director | 4.3yrs | US$59.61k | 0.29% $ 700.9k | |
| Independent Director | 6.8yrs | US$58.11k | 0.28% $ 675.9k |
10.8yrs
Average Tenure
70yo
Average Age
Experienced Board: CHMG's board of directors are seasoned and experienced ( 10.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 15:51 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Chemung Financial Corporation is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Bishop | D.A. Davidson & Co. |
| Jacob Civiello | Janney Montgomery Scott LLC |
| Christopher McGratty | Keefe, Bruyette, & Woods |