Community Bank System

Community Bank System, Inc. is a holding company, which engages in the provision of retail, business, and municipal banking services. It operates through the following segments: Banking, Employee Benefit Services, and All Other. The Banking segment offers an array of lending and depository-related products and services to individuals, businesses, and municipal enterprises. The Employee Benefit Services segment provides employee benefit trust services, collective investment funds, fund administration, transfer agency, retirement plan and VEBA/HRA, and health savings account plan administration services, actuarial services, and healthcare consulting services. The All Other segment consists of wealth management and insurance services. The company was founded on April 15, 1983 and is headquartered in DeWitt, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Community Bank System (CBU) posts record revenues and navigates funding challenges

Community Bank System (CBU) reported strong financial results in Q4 2022, driven by record revenues, robust asset quality, and solid regulatory capital ratios.
While facing challenges related to funding and expense management, the company is well-positioned to capitalize on opportunities in digital technology and operational efficiency.
Overall, Community Bank System (CBU) remains focused on sustainable growth and financial stability, supported by its strategic initiatives and strong performance metrics.

Community Bank System reports solid loan growth amidst earnings challenges

Community Bank System's Q1 2023 performance reflects solid loan growth and strong asset quality, despite lower-than-expected earnings impacted by expenses and a loss on securities.
Maintaining a strong liquidity position and diversified deposit base, the company faces challenges from environmental uncertainty and funding beta concerns.
Opportunities lie in strategic capital allocation, proactive risk management, and exploring non-banking businesses for revenue diversification and growth.

Community Bank System (CBU) reports robust Q2 performance and eyes growth opportunities

Community Bank System (CBU) showcased strong financial results in Q2 2023, with a focus on shareholder value and growth. While facing challenges in funding costs and M&A, CBU aims to capitalize on opportunities for expansion and improved margins in the future.

Community Bank System maintains revenue strength amidst expense pressures

Community Bank System's Q3 performance reflects resilience in revenue generation and prudent risk management practices amidst expense pressures. The company's strong liquidity position and capital adequacy underscore its stability and strategic focus.
While facing challenges in expense management and potential NIM compression, opportunities for growth in markets and credit quality maintenance present avenues for sustained performance and profitability.
Management's commitment to maintaining a robust financial position and capital adequacy, alongside a focus on prime customers and market opportunities, positions Community Bank System for continued success and strategic growth.

Community Bank System reports record revenues amidst expense challenges

Community Bank System navigated a noisy Q4 2023 with record revenues but increased expenses, focusing on revenue growth and cost management for 2024.
Despite challenges like declining deposits and limited near-term cash flows, the company's strong liquidity position and robust credit quality provide a solid foundation.
Opportunities lie in revenue growth, potential M&A activities, and economic uplift, while addressing expense management and achieving positive operating leverage are key focus areas.
Overall, Community Bank System's performance reflects resilience amidst challenges, with strategic opportunities for growth and financial improvement in the coming year.

Community Bank System posts record revenue and capital strength

Community Bank System's Q1 2024 performance reflects strength across diversified business segments, supported by robust revenue and capital positions.
While facing challenges such as increased expenses and flat revenue in insurance services, the company remains focused on growth and efficiency.
With opportunities for expansion through acquisitions, increased penetration, and strong loan growth, Community Bank System is poised for continued success in 2024.

Community Bank System (CBU) achieves record revenues and eyes growth opportunities

Community Bank System (CBU) delivered a strong performance in Q2 2024, setting new revenue records and showcasing growth across its banking, Employee Benefit Services, Insurance Services, and Wealth Management Services segments. The company's name change to Community Financial System reflects its diversified business model. While challenges exist in maintaining growth amidst market changes, Community Bank System (CBU) remains optimistic about future opportunities and capital deployment.

Community Bank System (CBU) excels in Q3, eyes growth opportunities

Community Bank System (CBU) reported a strong Q3 performance, with notable growth in PPNR and robust performance across its banking, benefit administration, and insurance services businesses. While facing challenges such as increased provision expenses, the company is well-positioned to capitalize on opportunities like M&A exploration and talent acquisition. Economic trends in Upstate New York provide a favorable backdrop for continued growth and expansion.

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Community Financial System, Inc. is a holding company, which engages in the provision of retail, business, and municipal banking services. It operates through the following segments: Banking, Employee Benefit Services, and All Other. The Banking segment offers lending and depository-related products and services to individuals, businesses, and municipal enterprises. The Employee Benefit Services segment provides employee benefit trust services, collective investment funds, fund administration, transfer agency, retirement plan and VEBA/HRA, and health savings account plan administration services, actuarial services, and healthcare consulting services. The All Other segment consists of wealth management and insurance services. The company was founded on April 15, 1983 and is headquartered in DeWitt, NY.

SYRACUSE, N.Y., June 24, 2024 (GLOBE NEWSWIRE) -- Community Financial System, Inc. (NYSE: CBU) invites you to participate in a conference call to discuss the Company's financial and operating performance during its second quarter ended June 30, 2024.

Community Financial System Announces Second Quarter 2024 Earnings Conference Call

SYRACUSE, N.Y., June 18, 2024 (GLOBE NEWSWIRE) -- Community Financial System, Inc. ("the Company") (NYSE: CBU) announced today that it will host an in-person and virtual Investor Day on Friday, September 6, 2024, starting at 8:00 AM ET at the New York Stock Exchange conference facilities. The senior leadership team will provide insights into the company's strategies, performance, and future outlook. The event will feature discussions on each line of business—Banking, Employee Benefit Services, Insurance Services, and Wealth Management—followed by a question-and-answer session.

Community Financial System, Inc. to Host Investor Day on September 6, 2024

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Financial System, Inc. Announces Quarterly Common Stock Dividend and Results of Annual Shareholders' Meeting.

Community Financial System, Inc. Announces Quarterly Common Stock Dividend and Results of Annual Shareholders' Meeting

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Changes Corporate Name to Community Financial System, Inc.

Community Bank System, Inc. Changes Corporate Name to Community Financial System, Inc.

Community Bank System, Inc. (NYSE:CBU ) Q1 2024 Results Conference Call April 23, 2024 11:00 AM ET Company Participants Dimitar Karaivanov - President and Chief Executive Officer Joseph Sutaris - Chief Financial Officer Conference Call Participants Steve Moss - B. Riley FBR Christopher O'Connell - KBW Matthew Breese - Stephens Inc Operator Good day, and welcome to the Community Bank System First Quarter 2024 Earnings Conference Call.

Community Bank System, Inc. (CBU) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Community Bank (CBU) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Community Bank (CBU) Q1 Earnings: A Look at Key Metrics

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Reports First Quarter 2024 Results.

Community Bank System, Inc. Reports First Quarter 2024 Results

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SYRACUSE, N.Y., March 25, 2024 (GLOBE NEWSWIRE) -- Community Bank System, Inc. (NYSE: CBU) invites you to participate in a conference call to discuss the Company's financial and operating performance during its first quarter ended March 31, 2024.

Community Bank System Announces First Quarter 2024 Earnings Conference Call

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SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Announces Its Quarterly Dividend.

Community Bank System, Inc. Announces Its Quarterly Dividend

Community Bank System, Inc. (CBU) Q4 2023 Earnings Call Transcript

The headline numbers for Community Bank (CBU) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Community Bank (CBU) Q4 Earnings

Community Bank System (CBU) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.96 per share a year ago.

Community Bank System (CBU) Q4 Earnings Lag Estimates

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Reports Fourth Quarter and Full Year 2023 Results.

Community Bank System, Inc. Reports Fourth Quarter And Full Year 2023 Results

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Elects Michele Sullivan as New Independent Director.

Community Bank System, Inc. Elects Michele Sullivan as New Independent Director

Get a deeper insight into the potential performance of Community Bank (CBU) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Unlocking Q4 Potential of Community Bank (CBU): Exploring Wall Street Estimates for Key Metrics

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SYRACUSE, N.Y., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Community Bank System, Inc. (NYSE: CBU) invites you to participate in a conference call to discuss the Company's financial and operating performance during its fourth quarter and full year ended December 31, 2023.

Community Bank System Announces Fourth Quarter and Full Year 2023 Earnings Conference Call

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Community Bank System, Inc. (NYSE:CBU ) Q3 2023 Earnings Conference Call October 24, 2023 11:00 AM ET Company Participants Mark Tryniski - President, Chief Executive Officer Joseph Sutaris - Executive Vice President, Chief Financial Officer Dimitar Karaivanov - Chief Operating Officer Conference Call Participants Nick Cucharale - The Hovde Group Steve Moss - Raymond James Alex Twerdahl - Piper Sandler Chris O'Connell - KBW Matthew Breese - Stephens Operator Good day, and welcome to the Community Bank's 2023 Third Quarter Earnings Conference Call. All participants will be in listen-only mode.

Community Bank System, Inc. (CBU) Q3 2023 Earnings Call Transcript

The headline numbers for Community Bank (CBU) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Community Bank (CBU) Reports Q3 Earnings: What Key Metrics Have to Say

Community Bank System (CBU) came out with quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.90 per share a year ago.

Community Bank System (CBU) Lags Q3 Earnings and Revenue Estimates

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Reports Third Quarter 2023 Results.

News for Community Bank System Stock (CBU)