Community Financial System Inc
CBU
ISIN null / Valor 920108
Community Financial System Inc
UMushroom community rating:
About company
Community Bank System, Inc., headquartered in DeWitt, NY, is a comprehensive financial services entity with a portfolio exceeding $15 billion in assets. The company operates primarily through four key divisions: banking, benefits administration, insurance services, and wealth management. Its banking arm, Community Bank, N.A., ranks among the top 100 largest banks in the United States, serving customers through over 200 facilities spread across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. The bank provides a wide array of services including retail, business, and municipal banking, alongside financial planning, trust administration, and wealth management through its Community Bank Wealth Management unit. Additionally, Community Bank System extends its expertise to employee benefits administration and actuarial consulting nationally via its Benefit Plans Administrative Services, Inc. subsidiary. Furthermore, its OneGroup NY, Inc. subsidiary is recognized among the top 100 U.S. insurance agencies, offering a broad spectrum of personal and commercial insurance and risk management services. The company is publicly traded on the New York Stock Exchange under the ticker symbol CBU.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (05.10.2025):
Community Financial System Inc. reported strong financial performance for the fourth quarter of 2024, demonstrating significant growth in net income, revenues, and key financial metrics. The company achieved record-breaking revenues and maintained a robust financial position, reflecting its continued success in the diversified financial services sector.
Net Income Growth
In the fourth quarter of 2024, Community Financial System Inc. reported a net income of $49.8 million, or $0.94 per share, marking an increase of $0.31 per share compared to the same quarter last year and an increase of $0.11 per share from the third quarter of 2024. For the full year, net income reached $182.5 million, or $3.44 per share, up by $0.99 per share from the previous year.
Record Revenues
The company achieved total revenues of $196.3 million in the fourth quarter, setting a new quarterly record. This represents a 10.9% increase from the fourth quarter of the prior year and a 3.9% rise from the third quarter of 2024. Full-year total revenues grew by 14.4% to $746.3 million.
Strength in Net Interest Income
Fourth quarter net interest income reached $120.0 million, a new quarterly high, reflecting a 9.9% increase year-over-year and a 6.4% increase from the previous quarter. For the full year, net interest income grew by 2.7% to $449.1 million, marking the eighteenth consecutive year of growth in this area.
Solid Financial Position
Ending loans totaled $10.43 billion at the end of the fourth quarter, a 1.8% increase from the previous quarter and a 7.5% increase year-over-year, continuing a fourteen-quarter streak of loan growth. Total deposits stood at $13.44 billion, with a slight decrease of 0.3% from the third quarter but a 4.0% increase from the end of the prior year. The Tier 1 leverage ratio remained strong at 9.19%, well above the regulatory standard of 5.0%.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3012 M
Market cap (USD)
213,613
Daily traded volume (Shares)
62.38 / 61.52
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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