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.

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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.

The consensus price target hints at a 25.2% upside potential for Community Bank (CBU). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Community Bank (CBU) Could Surge 25.16%: Read This Before Placing a Bet

SYRACUSE, N.Y., Sept. 25, 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 third quarter ended September 30, 2023.

Community Bank System Announces Third Quarter 2023 Earnings Conference Call

Community Bank System has not experienced a significant recovery since the banking crisis, with shares still down 28.7% from where they were before the crisis. The company offers a wide array of services, including traditional banking, employee benefit trust, retirement plan administration, wealth management, and insurance. The company's deposits have recently fallen and shares look pricey compared to what else is out there.

Community Bank System: There Are Better Prospects To Consider At This Time

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The article provides insights on upcoming dividend increases, indicating strong business performance and commitment to rewarding shareholders. The list includes companies with at least five years of consistent dividend growth and higher total dividends paid out each year. The article also includes tables and metrics to help investors prioritize stocks based on yield, growth rates, and historical returns.

14 Upcoming Dividend Increases

Community Bank System, Inc. (NYSE:CBU ) Q2 2023 Earnings Conference Call July 31, 2023 11:00 AM ET Company Participants Mark Tryniski - President and CEO Joseph Sutaris - Executive Vice President and CFO Dimitar Karaivanov - Executive Vice President and COO Conference Call Participants Nick Cucharale - The Hovde Group Steve Moss - Raymond James Alex Twerdahl - Piper Sandler Manuel Navas - D.A. Davidson Matthew Breese - Stephens Chris O'Connell - KBW Operator Welcome to the Community Bank System's Second Quarter 2023 Earnings Conference Call.

Community Bank System, Inc. (CBU) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Community Bank (CBU) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Community Bank (CBU) Reports Q2 Earnings: What Key Metrics Have to Say

Community Bank System (CBU) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.85 per share a year ago.

Community Bank System (CBU) Surpasses Q2 Earnings Estimates

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

Community Bank System, Inc. Reports Second Quarter 2023 Results

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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.

Community Bank System (CBU) Reports Next Week: What You Should Expect

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Announces Increase to Its Quarterly Dividend Resulting in Its 31st Consecutive Year of Dividend Increases.

Community Bank System, Inc. Announces Increase to Its Quarterly Dividend Resulting in Its 31st Consecutive Year of Dividend Increases

Community Bank Systems Inc. CBU, +3.46% on Wednesday named Dimitar A. Karaivanov as its chief executive officer after current CEO Mark E.

Community Bank Systems promotes COO to CEO position

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. Announces CEO Succession Plan.

Community Bank System, Inc. Announces CEO Succession Plan

SYRACUSE, N.Y. , June 26, 2023 /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, 2023.

Community Bank System Announces Second Quarter 2023 Earnings Conference Call

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

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

Community Bank System, Inc. (CBU) Q1 2023 Earnings Call Transcript.

Community Bank System, Inc. (CBU) Q1 2023 Earnings Call Transcript

Community Bank System (CBU) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.87 per share a year ago.

Community Bank System (CBU) Q1 Earnings and Revenues Miss Estimates

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

Community Bank System, Inc. Reports First Quarter 2023 Results

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State Street Global Advisors, Global Trust Company, and Annexus Retirement Solutions Launch Target Date Series That Aims to Deliver Lifetime Income

Community Bank System (CBU) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

SYRACUSE, N.Y. , March 27, 2023 /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, 2023.

Community Bank System Announces First Quarter 2023 Earnings Conference Call

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc.

Community Bank System, Inc. Announces Quarterly Dividend

SYRACUSE, N.Y.--( BUSINESS WIRE )--Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced today the completion of a balance sheet repositioning related to its investment securities portfolio.

Community Bank System, Inc. Announces Balance Sheet Repositioning

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Community Bank System, Inc. (NYSE:CBU ) Q4 2022 Earnings Conference Call January 24, 2023 11:00 AM ET Company Participants Mark Tryniski - President and CEO Joseph Sutaris - EVP and CFO Dimitar Karaivanov - EVP of Financial Services and Corporate Development Conference Call Participants Alex Twerdahl - Piper Sandler Matthew Breese - Stevens Chris O'Connell - KBW Erik Zwick - The Hovde Group Operator Welcome to the Community Bank System Fourth Quarter and Full Year 2022 Earnings Conference Call. Please note that this presentation contains forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995 that are based on current expectations, estimates and projections about the industry, markets and economic environment in which the company operates.

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