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

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Earnings data Q2 2022

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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.

Shares of Community Bank System (NYSE:CBU) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share rose 15.79% year over year to $0.88, which beat the estimate of $0.82.

Recap: Community Bank System Q2 Earnings

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

Community Bank System Reports Second Quarter 2021 Results

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Announces Increase to Its Quarterly Dividend Resulting in Its 29th Consecutive Year of Dividend Increases

Community Bank System, Inc. Announces Increase to Its Quarterly Dividend Resulting in Its 29th Consecutive Year of Dividend Increases

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System Acquires Fringe Benefits Design of Minnesota, Inc.

Community Bank System Acquires Fringe Benefits Design of Minnesota, Inc.

SYRACUSE, N.Y., June 16, 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 second quarter ended June 30, 2021.

Community Bank System Announces Second Quarter 2021 Earnings Conference Call

Ballston Spa Bancorp is an appealing and undervalued institution located north of Albany, New York.

2 Potential Acquisition Targets For Community Bank System

Community Bank System, Inc. (CBU) CEO Mark Tryniski on Q1 2021 Results - Earnings Call Transcript

Community Bank (CBU) delivered earnings and revenue surprises of 19.75% and -1.35%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Community Bank System (CBU) Q1 Earnings Top Estimates

Shares of Community Bank System (NYSE:CBU) rose 2.0% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 25.97% over the past year to $0.97, which beat the estimate of $0.80.

Community Bank System: Q1 Earnings Insights

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

Community Bank System Reports First Quarter 2021 Results

On Monday, April 26, Community Bank System (NYSE:CBU) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Community Bank System Earnings Preview

Community Bank (CBU) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Community Bank (CBU) Ahead of Earnings?

Community Bank System (CBU) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Community Bank System (CBU): Strong Industry, Solid Earnings Estimate Revisions

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Appoints Dimitar Karaivanov as Executive Vice President of Financial Services and Corporate Development

Community Bank System, Inc. Appoints Dimitar Karaivanov as Executive Vice President of Financial Services and Corporate Development

SYRACUSE, N.Y., March 22, 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 first quarter ended March 31, 2021.

Community Bank System Announces First Quarter 2021 Earnings Conference Call

The company offers an attractive total return opportunity for small bank enthusiasts.

Community Bank System Is Poised for a Rebound in 2021

Community Bank System, Inc. (CBU) CEO Mark Tryniski on Q4 2020 Results - Earnings Call Transcript

Community Bank (CBU) delivered earnings and revenue surprises of 10.39% and -0.24%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Community Bank System (CBU) Surpasses Q4 Earnings Estimates

Shares of Community Bank System (NYSE:CBU) traded flat in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 2.41% year over year to $0.85, which beat the estimate of $0.76.

Recap: Community Bank System Q4 Earnings

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System Reports Fourth Quarter and Full Year 2020 Results

Community Bank System Reports Fourth Quarter and Full Year 2020 Results

SYRACUSE, N.Y., Dec. 18, 2020 /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, 2020. Event: Earnings Conference Call – Fourth...

Community Bank System Announces Fourth Quarter 2020 Earnings Conference Call

Community Bank System (CBU) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Community Bank System (CBU)

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Elects Susan E. Skerritt as New Independent Director

Community Bank System, Inc. Elects Susan E. Skerritt as New Independent Director

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Community Bank System, Inc. (CBU) CEO Mark Tryniski on Q3 2020 Results - Earnings Call Transcript

News for Community Bank System Stock (CBU)