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.

Community Bank System, Inc. (NYSE:CBU ) Q1 2022 Earnings Conference Call April 25, 2022 11:00 AM ET Company Participants Mark Tryniski - President and Chief Executive Officer Joseph Sutaris - Executive Vice President and Chief Financial Officer Dimitar Karaivanov - Executive Vice President of Financial Services and Corporate Development Conference Call Participants Alexander Twerdahl - Piper Sandler Russell Gunther - D.A. Davidson Matthew Breese - Stephens, Inc. Christopher O'Connell - KBW Operator Good morning, and welcome to the Community Bank System First Quarter 2022 Earnings Conference Call.

Community Bank System, Inc.'s (CBU) CEO Mark Tryniski on Q1 2022 Results - Earnings Call Transcript

Community Bank (CBU) delivered earnings and revenue surprises of 14.47% and 1.35%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Community Bank System (CBU) Surpasses Q1 Earnings and Revenue Estimates

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Reports First Quarter 2022 Results

Community Bank System, Inc. Reports First Quarter 2022 Results

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Announces Regulatory Approvals Received For Elmira Savings Bank Merger

Community Bank System, Inc. Announces Regulatory Approvals Received For Elmira Savings Bank Merger

SYRACUSE, N.Y. , March 28, 2022 /PRNewswire/ -- 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, 2022.

Community Bank System Announces First Quarter 2022 Earnings Conference Call

Community Bank System, Inc. (CBU) CEO Mark Tryniski on Q4 2021 Results - Earnings Call Transcript

Community Bank (CBU) delivered earnings and revenue surprises of 1.25% and 1.60%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Community Bank System (CBU) Tops Q4 Earnings and Revenue Estimates

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Reports Fourth Quarter and Full Year 2021 Results

Community Bank System, Inc. Reports Fourth Quarter and Full Year 2021 Results

SYRACUSE, N.Y., Dec. 20, 2021 /PRNewswire/ -- 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 ended December 31, 2021.

Community Bank System Announces Fourth Quarter 2021 Earnings Conference Call

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Announces Shareholder Approval Received by Elmira Savings Bank for Merger

Community Bank System, Inc. Announces Shareholder Approval Received by Elmira Savings Bank for Merger

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Appoints Jeff Knauss as New Independent Director

Community Bank System, Inc. Appoints Jeff Knauss as New Independent Director

NEW ORLEANS, Nov. 2, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

ELMIRA SAVINGS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Elmira Savings Bank - ESBK

Community Bank System, Inc. (CBU) CEO Mark Tryniski on Q3 2021 Results - Earnings Call Transcript

Community Bank (CBU) delivered earnings and revenue surprises of 2.47% and 3.33%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Community Bank System (CBU) Q3 Earnings and Revenues Top Estimates

Community Bank System (NYSE:CBU) reported its Q3 earnings results on Monday, October 25, 2021 at 08:00 AM. Here's what investors need to know about the announcement.

Community Bank System: Q3 Earnings Insights

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Reports Third Quarter 2021 Results

Community Bank System, Inc. Reports Third Quarter 2021 Results

Community Bank (CBU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Community Bank System (CBU) Q3 Earnings Expected to Decline

Community Bank (CBU) agrees to buy Elmira for $82.8 million, thus, expanding its presence in the Central New York and Southern Tier Regions.

Community Bank (CBU) Agrees to Acquire Elmira for $82.8M

Elmira Savings Bank

NEW YORK, Oct. 4, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Elmira Savings Bank ("Elmira Savings" or the "Company") (NASDAQ: ESBK) in connection with the proposed acquisition of the Company by Community Bank System, Inc. ("Community Bank") (NYSE: CBU). Under the terms of the merger agreement, the Company's shareholders will receive $23.10 per share in cash for each share of Elmira Savings common stock that they hold.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Elmira Savings Bank

SYRACUSE, N.Y. & ELMIRA, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. to Expand Its Presence in the Central New York and Southern Tier Regions with Acquisition of Elmira Savings Bank

Community Bank System, Inc. to Expand Its Presence in the Central New York and Southern Tier Regions with Acquisition of Elmira Savings Bank

SYRACUSE, N.Y., Sept. 27, 2021 /PRNewswire/ -- 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 third quarter ended September 30, 2021.

Community Bank System Announces Third Quarter 2021 Earnings Conference Call

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Appoints Maureen Gillan-Myer as Executive Vice President and Chief Human Resources Officer

Community Bank System, Inc. Appoints Maureen Gillan-Myer as Executive Vice President and Chief Human Resources Officer

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System Acquires Assets of Boston Area Insurance Agency

Community Bank System Acquires Assets of Boston Area Insurance Agency

Bank of America

Independent Bank

Landstar System

Mercantile Bank

Regions Financial

1st Source

Stanley Black & Decker

Zions Bancorp

In this article series, we provide a weekly summary of dividend changes. A summary table presents relevant data and key statistics of dividend increases.

Dividend Increases: July 17-23, 2021

Community Bank System, Inc. (CBU) CEO Mark Tryniski on Q2 2021 Results - Earnings Call Transcript

News for Community Bank System Stock (CBU)