Latest news with #CommunityFinancialSystem
Yahoo
3 days ago
- Business
- Yahoo
Community Financial System, Inc. (CBU): A Solid Stock for Conservative Investors
Community Financial System, Inc. (NYSE:CBU) was recently included on our list of Dividend Champion vs Aristocrats: 12 Under the Radar Stocks to Buy. Source: unsplash Community Financial System, Inc. (NYSE:CBU) is a financial services firm with operations across four key areas: banking, employee benefits, insurance, and wealth management. Its banking arm, Community Bank, N.A., ranks among the top 100 banks in the US by asset size, managing over $16 billion. The bank serves customers through roughly 200 branches located in Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. Community Financial System, Inc. (NYSE:CBU) recently announced earnings for the second quarter of 2025. The company posted revenue of $199.3 million, which saw an 8.4% growth from the same period last year. It reported net interest income of $124.7 million for the second quarter, marking a new quarterly record and reflecting a 14% increase, or $15.3 million, compared to the same period last year. During the quarter, the company also announced an agreement with Santander Bank, N.A., to acquire seven branch locations in the Allentown, Pennsylvania area. The acquisition includes select branch-related loans, deposits, and wealth management relationships, and is expected to advance the company's previously outlined retail growth strategy. Community Financial System, Inc. (NYSE:CBU) ended the quarter with $237.2 million available in cash and cash equivalents. On July 16, the company declared a 2.2% hike in its quarterly dividend to $0.47 per share. Through this increase, the company stretched its dividend growth streak to 33 years, which places it on the dividend champions list. The stock has a dividend yield of 2.66%, as of July 23. While we acknowledge the potential of CBU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Washington Post
6 days ago
- Business
- Washington Post
Community Financial: Q2 Earnings Snapshot
DEWITT, N.Y. — DEWITT, N.Y. — Community Financial System, Inc. (CBU) on Tuesday reported second-quarter profit of $51.3 million. The Dewitt, New York-based company said it had net income of 97 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
Yahoo
6 days ago
- Business
- Yahoo
Community Financial System, Inc. Reports Second Quarter 2025 Results
SYRACUSE, N.Y., July 22, 2025--(BUSINESS WIRE)--Community Financial System, Inc. (the "Company") (NYSE: CBU) reported second quarter 2025 results that are included in the attached supplement. This earnings release and attached supplement are also available within the "News" section of the Company's investor relations website at A replay of the earnings call webcast will also be available on this site for at least one year. Second Quarter 2025 Performance Summary Net income of $51.3 million, or $0.97 per share, increased $0.06 per share from the prior year's second quarter and increased $0.04 per share from the first quarter of 2025 Operating net income1 of $55.4 million, or $1.04 per share, increased $0.09 per share from the prior year's second quarter and increased $0.06 per share from the first quarter of 2025 Total revenues of $199.3 million, a new quarterly record for the Company, increased $15.5 million, or 8.4%, from the prior year's second quarter and increased $3.0 million, or 1.5%, from the first quarter of 2025 Net interest income of $124.7 million, a new quarterly record for the Company, increased $15.3 million, or 14.0%, from the prior year's second quarter and increased $4.5 million, or 3.8%, from the first quarter of 2025 Total non-bank financial services (employee benefit services, insurance services and wealth management services) noninterest revenues of $54.5 million, increased $0.3 million, or 0.6%, from the prior year's second quarter and decreased $2.2 million, or 3.9%, from the first quarter of 2025 Operating pre-tax, pre-provision net revenue ("PPNR")1 of $75.1 million, or $1.41 per share, increased $0.12 per share from the prior year's second quarter and increased $0.01 per share from the first quarter of 2025 Total ending loans of $10.52 billion increased $98.0 million, or 0.9%, from the end of the first quarter of 2025 and increased $495.3 million, or 4.9%, from the end of the prior year's second quarter Total ending deposits of $13.70 billion decreased $190.3 million, or 1.4%, from the end of the first quarter of 2025 and increased $563.9 million, or 4.3%, from the end of the prior year's second quarter 1Non-GAAP Measure. For more information on Non-GAAP measures refer to "Non-GAAP Measures" section along with the Quarterly GAAP to Non-GAAP Reconciliations included within the "Summary of Financial Data (unaudited)" tables included within the Company's earnings release supplement. Company management will host a conference call at 11:00 a.m. (ET) today, July 22, 2025, to discuss the second quarter 2025 results. The conference call can be accessed at or via dial-in at 1-833-630-0464 (1-412-317-1809 if outside the United States and Canada). About Community Financial System, Inc. Community Financial System, Inc. is a diversified financial services company that is focused on four main business lines – banking services, employee benefit services, insurance services and wealth management services. Its banking subsidiary, Community Bank, N.A., is among the country's 100 largest banking institutions with over $16 billion in assets and operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. The Company's Benefit Plans Administrative Services, Inc. subsidiary is a leading provider of employee benefits administration, trust services, collective investment fund administration, and actuarial consulting services to customers on a national scale. The Company's OneGroup NY, Inc. subsidiary is a top 66 U.S. insurance agency. The Company also offers comprehensive financial planning, trust administration and wealth management services through its Nottingham Financial Group operating unit. The Company is listed on the New York Stock Exchange and the Company's stock trades under the symbol CBU. For more information about the Company and each of its four main business lines visit View source version on Contacts For further information, please contact:Marya Burgio Wlos, EVP & Chief Financial OfficerOffice: (315) 299-2946 Sign in to access your portfolio
Business Wire
6 days ago
- Business
- Business Wire
Community Financial System, Inc. Reports Second Quarter 2025 Results
SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Financial System, Inc. (the 'Company') (NYSE: CBU) reported second quarter 2025 results that are included in the attached supplement. This earnings release and attached supplement are also available within the 'News' section of the Company's investor relations website at A replay of the earnings call webcast will also be available on this site for at least one year. Second Quarter 2025 Performance Summary Net income of $51.3 million, or $0.97 per share, increased $0.06 per share from the prior year's second quarter and increased $0.04 per share from the first quarter of 2025 Operating net income 1 of $55.4 million, or $1.04 per share, increased $0.09 per share from the prior year's second quarter and increased $0.06 per share from the first quarter of 2025 Total revenues of $199.3 million, a new quarterly record for the Company, increased $15.5 million, or 8.4%, from the prior year's second quarter and increased $3.0 million, or 1.5%, from the first quarter of 2025 Net interest income of $124.7 million, a new quarterly record for the Company, increased $15.3 million, or 14.0%, from the prior year's second quarter and increased $4.5 million, or 3.8%, from the first quarter of 2025 Total non-bank financial services (employee benefit services, insurance services and wealth management services) noninterest revenues of $54.5 million, increased $0.3 million, or 0.6%, from the prior year's second quarter and decreased $2.2 million, or 3.9%, from the first quarter of 2025 Operating pre-tax, pre-provision net revenue ('PPNR') 1 of $75.1 million, or $1.41 per share, increased $0.12 per share from the prior year's second quarter and increased $0.01 per share from the first quarter of 2025 Total ending loans of $10.52 billion increased $98.0 million, or 0.9%, from the end of the first quarter of 2025 and increased $495.3 million, or 4.9%, from the end of the prior year's second quarter Total ending deposits of $13.70 billion decreased $190.3 million, or 1.4%, from the end of the first quarter of 2025 and increased $563.9 million, or 4.3%, from the end of the prior year's second quarter 1 Non-GAAP Measure. For more information on Non-GAAP measures refer to 'Non-GAAP Measures' section along with the Quarterly GAAP to Non-GAAP Reconciliations included within the 'Summary of Financial Data (unaudited)' tables included within the Company's earnings release supplement. Company management will host a conference call at 11:00 a.m. (ET) today, July 22, 2025, to discuss the second quarter 2025 results. The conference call can be accessed at or via dial-in at 1-833-630-0464 (1-412-317-1809 if outside the United States and Canada). About Community Financial System, Inc. Community Financial System, Inc. is a diversified financial services company that is focused on four main business lines – banking services, employee benefit services, insurance services and wealth management services. Its banking subsidiary, Community Bank, N.A., is among the country's 100 largest banking institutions with over $16 billion in assets and operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. The Company's Benefit Plans Administrative Services, Inc. subsidiary is a leading provider of employee benefits administration, trust services, collective investment fund administration, and actuarial consulting services to customers on a national scale. The Company's OneGroup NY, Inc. subsidiary is a top 66 U.S. insurance agency. The Company also offers comprehensive financial planning, trust administration and wealth management services through its Nottingham Financial Group operating unit. The Company is listed on the New York Stock Exchange and the Company's stock trades under the symbol CBU. For more information about the Company and each of its four main business lines visit
Yahoo
25-06-2025
- Business
- Yahoo
Community Bank Accelerates Greater Lehigh Valley PA Expansion
SYRACUSE, N.Y., June 25, 2025--(BUSINESS WIRE)--Community Bank, N.A. ("Community Bank"), a subsidiary of Community Financial System, Inc. (NYSE: CBU), announced today it has entered into a Purchase and Assumption Agreement with Santander Bank, N.A. ("Santander Bank") to acquire seven branch locations in the Allentown, PA area as well as certain branch related loans and deposits. In addition, Community Bank will purchase related wealth management relationships. The transaction is expected to close during the fourth quarter of 2025 subject to customary regulatory approval. All branches will remain open and all employees will be offered continued employment. The transaction accelerates Community Bank's de novo expansion in the Greater Lehigh Valley and complements its existing commercial and consumer lending presence in the market. The acquisition, together with Community Bank's existing branches in the market and its pending de novo locations, brings Community Bank's total retail locations in the Greater Lehigh Valley to 12, resulting in a Top 5 market position. Community Bank anticipates assuming approximately $600 million in deposits and purchasing approximately $33 million in branch-related loans. Community Bank will pay a deposit premium of 8.0%, or approximately $48 million, in estimated cash consideration to Santander Bank for the branch assets and liabilities. Community Financial System, Inc. expects the transaction to be slightly accretive to earnings. Lazard Frères & Co served as financial advisor, and Luse Gorman, PC served as legal advisor to Community Financial System, Inc. Ambassador Financial Group also assisted Community Financial System, Inc. in this Lehigh Valley expansion. For more information on Community Bank's checking and savings accounts, credit cards, mortgages, personal and business loans, and financial planning, visit Better banking starts with trust, and Community Bank is honored to have been consistently ranked as one of America's Best Banks by Forbes magazine. Community Bank, N.A. is a Member FDIC and Equal Housing Lender. About Community Financial System, Inc. Community Financial System, Inc. (the "Company") is a diversified financial services company focused on four main business lines: banking, employee benefit services, insurance services and wealth management services. Its banking subsidiary, Community Bank, N.A., is among the country's 100 largest banking institutions, with over $16 billion in assets, and operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. The Company's Benefit Plans Administrative Services Inc. subsidiary is a leading provider of employee benefits administration, trust services, collective investment fund administration and actuarial consulting services to customers on a national scale. The Company's OneGroup NY, Inc. subsidiary is a top 66 U.S. insurance agency. The Company also offers comprehensive financial planning, trust administration and wealth management services through its Nottingham Financial Group operating unit. The Company is listed on the New York Stock Exchange and trades under the symbol CBU. For more information about Community Bank and Community Financial System, visit or Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of CBU's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. The following factors, among others, could cause the actual results of CBU's operations to differ materially from its expectations: the macroeconomic and other challenges and uncertainties related to or resulting from current and future economic and market conditions, including the effects on CRE and housing or vehicle prices, unemployment rates, high inflation, U.S. fiscal debt, budget and tax matters, geopolitical matters, tariffs and global economic growth; fiscal and monetary policies of the Federal Reserve Board; the potential adverse effects of unusual and infrequently occurring events; litigation and actions of regulatory authorities; management's estimates and projections of interest rates and interest rate policies; the effect of changes in the level of checking, savings, or money market account deposit balances and other factors that affect net interest margin; future provisions for credit losses on loans and debt securities; changes in nonperforming assets; ability to contain costs in inflationary conditions; the effect on financial market valuations on CBU's fee income businesses, including its employee benefit services, wealth management services, and insurance services businesses; the successful integration of operations of its acquisitions and performance of new branches; competition; changes in legislation or regulatory requirements, including capital requirements; and the timing for receiving regulatory approvals and completing merger and acquisition transactions. For more information about factors that could cause actual results to differ materially from CBU's expectations, refer to its annual, periodic and other reports filed with the Securities and Exchange Commission ("SEC"), including the discussion under the "Risk Factors" section of such reports filed with the SEC and available on CBU's website at and on the SEC's website at Further, any forward-looking statement speaks only as of the date on which it is made, and CBU undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. View source version on Contacts For further information, please contact:Marya Burgio Wlos, EVP & Chief Financial OfficerOffice: (315) 299-2946
