What is Chemung Financial's WMG — capex?

Chemung Financial (CHMG) reported WMG — capex of $22K in Q1 2026.

What does WMG — capex mean?

This metric measures the funds used by the Wealth Management segment to acquire, upgrade, and maintain physical assets such as technology systems or office infrastructure. It indicates the level of long-term investment the company is making to sustain or grow its advisory capabilities. High capital expenditure often signals a commitment to future service expansion or operational modernization.

Chemung Financial CHMG WMG — CapEx

Other segment segments

Core Banking

$111K-66.2%

Similar metrics at other companies

UVSPWealth Management — Net capital expenditures

$4K-42.9%

WASHWealth Management Services — Expenditures for long-lived assets

$141K+14,000%

MWAWater Management Solutions — CapEx

$5.8M+42.3%

OFGWealth Management — Expenditures for long-lived assets

$0-100%

MGMMGM Digital — CapEx

$22.02M+19.4%

KNFWest — CapEx

$10.4M-61.4%

Other financials

Income statement

See full

Revenue$29.9M+16.3%

Net income$9.2M+52.7%

EPS (diluted)$1.91+51.6%

Balance sheet

See full

Cash & equivalents$53.4M-0.1%

Total debt$204.5M+117%

Total equity$262.9M+15.2%

Total assets$2.7B-1.7%

Cash flow

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Operating cash flow$9.0M+25.9%

CapEx$133.0K-59.5%

Free cash flow$8.9M+30.0%

Valuation

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Market cap$358.26M+60.0%

Enterprise value$509.4M+92.4%

P/E19.6×+9.7×

P/S3.6×+1.4×

Profitability

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Net margin18.4%-4.4pp

FCF margin46.2%+20.8pp

Returns & leverage

See full

Return on equity7.4%-3.2pp

Debt / equity0.8×+0.4×

Where this comes from

Reported directly by Chemung Financial in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The official record: Chemung Financial’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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What is Chemung Financial's WMG — capex?: Chemung Financial (CHMG) reported WMG — capex of $22K in Q1 2026.
What does WMG — capex mean?: This metric measures the funds used by the Wealth Management segment to acquire, upgrade, and maintain physical assets such as technology systems or office infrastructure. It indicates the level of long-term investment the company is making to sustain or grow its advisory capabilities. High capital expenditure often signals a commitment to future service expansion or operational modernization.