Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market deposit accounts, as well as time deposits. It also provides loans, including consumer mortgages; general purpose commercial and industrial loans, and mortgages on commercial properties; paycheck protection program loans; installment loans that are originated through selected dealerships and are secured by automobiles, marine, and other recreational vehicles; personal installment loans and lines of credit for consumers; and home equity products. In addition, the company offers broker-dealer and investment advisory; cash management, investment, and treasury services; asset management; and employee benefit services, as well as operates as a full-service insurance agency that offers personal and commercial lines of insurance, and other risk management products and services. Further, it provides contribution plan administration, employee benefit trust, collective investment fund, retirement plan administration, fund administration, transfer agency, actuarial and benefit consulting, VEBA/HRA, and health and welfare consulting services. Additionally, the company offers wealth management, retirement planning, higher educational planning, fiduciary, risk management, trust, and personal financial planning services; and investment alternatives, including stocks, bonds, mutual funds, and advisory products, as well as master recordkeeping services. As of January 25, 2021, it operates approximately 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. Community Bank System, Inc. was founded in 1866 and is headquartered in Onondaga, New York.
IPO Year:
Exchange: NYSE
Website: cbna.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | $67.00 | Mkt Perform → Strong Buy | Raymond James |
| 7/24/2024 | Outperform → Mkt Perform | Raymond James | |
| 6/28/2023 | Market Perform → Outperform | Hovde Group | |
| 6/6/2023 | $55.00 | Mkt Perform → Outperform | Raymond James |
| 3/14/2023 | $66.00 | Buy | Janney |
| 12/21/2022 | Mkt Perform | Raymond James | |
| 5/2/2022 | $74.00 → $66.00 | Neutral → Underweight | Piper Sandler |
| 1/10/2022 | $75.00 | Mkt Perform | Keefe Bruyette |
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
10-Q - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
10-Q - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
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Community Financial System, Inc. (the "Company") (NYSE:CBU) reported third quarter 2024 results that are included in the attached supplement. This earnings release, including supporting financial tables, is also available within the press releases section of the Company's investor relations website at: https://communityfinancialsystem.com/news. An archived webcast of the earnings call will be available on this site for one full year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022473955/en/ Third Quarter 2024 Performance Summary Net income of $43.9 million, or $0.83 per fully diluted share, increased $0.01 per fully dilut
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on January 10, 2025 to shareholders of record as of December 13, 2024. The $0.46 cash dividend represents an annualized yield of 3.0% based on the closing share price of $61.37 on October 15, 2024. About Community Financial System, Inc. Community Financial System, Inc. is a diversified financial services company that is 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 count
Community Financial System, Inc. (the "Company") (NYSE:CBU) announced today the appointment of Savneet Singh to its Board of Directors (the "Board") as a new independent director, effective as of October 1, 2024. Mr. Singh is the Chief Executive Officer ("CEO") and President of PAR Technology Corporation (NYSE:PAR) and President of ParTech, Inc. ("ParTech"). Headquartered in Upstate New York, PAR Technology Corporation ("PAR") is a global food service technology company providing leading omnichannel cloud-based software and hardware solutions to the restaurant and retail industries. Mr. Singh joined PAR's Board of Directors in April 2018, was appointed PAR's Interim CEO and President and I
SYRACUSE, N.Y., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Community Financial 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, 2024. Event:Earnings Conference Call – Third Quarter 2024 When:Tuesday, October 22, 2024 at 11:00 a.m. Eastern Time How:By conference call or from a simultaneous web cast Access:Conference Call Dial-In: 1-833-630-0464 1-412-317-1809 – Outside the U.S. & Canada Webcast: https://app.webinar.net/GagdbNwDZ0m Dimitar Karaivanov, President and Chief Executive Officer, and Joseph E. Sutaris, Executive Vice President and Chief Financia
SYRACUSE, N.Y., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Community Financial System, Inc. (the "Company") (NYSE:CBU) will host its Investor Day on Friday, September 6, 2024, starting at 9:00 AM ET at Siebert Hall, New York Stock Exchange. The event offers a unique opportunity for investors to gain firsthand insights into the Company's strategies, performance, and future outlook. The program will include in-depth presentations on each of the Company's four key business areas—Banking, Employee Benefit Services, Insurance Services, and Wealth Management Services—culminating in a live Q&A session with senior management. Presentations are expected to conclude by 12:00 PM ET. The Investor Presentatio
Community Financial System, Inc. (the "Company") (NYSE:CBU) reported second quarter 2024 results that are included in the attached supplement. This earnings release, including supporting financial tables, is also available within the press releases section of the Company's investor relations website at: https://ir.communityfinancialsystem.com/news-presentations/press-releases/. An archived webcast of the earnings call will be available on this site for one full year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723648837/en/ Second Quarter 2024 Performance Summary Net income of $47.9 million, or $0.91 per fully diluted s
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on October 10, 2024 to shareholders of record as of September 13, 2024. The $0.46 cash dividend represents a $0.01, or 2.2%, increase and an annualized yield of 3.25% based on the closing share price of $56.63 on July 16, 2024. President and Chief Executive Officer, Dimitar Karaivanov, commented, "Our consistent profitability, rooted in our financial services business model, coupled with our strong cash flows, have positioned us to increase our dividend for 32 consecutive years. We have returned over $750
SYRACUSE, N.Y., June 18, 2024 (GLOBE NEWSWIRE) -- Community Financial System, Inc. ("the Company") (NYSE:CBU) announced today that it will host an in-person and virtual Investor Day on Friday, September 6, 2024, starting at 8:00 AM ET at the New York Stock Exchange conference facilities. The senior leadership team will provide insights into the company's strategies, performance, and future outlook. The event will feature discussions on each line of business—Banking, Employee Benefit Services, Insurance Services, and Wealth Management—followed by a question-and-answer session. Presenters will include: Dimitar Karaivanov – President and Chief Executive OfficerJoseph Sutaris – Executive Vic
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock. The dividend will be payable on July 10, 2024 to Shareholders of record as of June 14, 2024. The $0.45 cash dividend represents an annualized yield of 3.78% based on the closing share price of $47.64 on May 14, 2024. The Company also announced that its Shareholders voted in line with the Board of Directors' recommendations on all proposals at its Annual Shareholders' Meeting on May 15, 2024 and elected all twelve (12) of the directors standing for re-election for a one-year term. The Shareholders also (i) approved, on an advisory basi
New corporate name reflects the Company's broader business model and mission in contributing to the prosperity of its community, including its clients, colleagues and shareholders by providing comprehensive financial services. Community Bank System, Inc. (NYSE:CBU) (the "Company"), a diversified financial services holding company operating four complementary business units: Community Bank N.A., Benefit Plan Administrative Services, Inc. ("BPAS"), OneGroup NY, Inc. ("OneGroup"), and Wealth Management, announced that it has changed its corporate name to "Community Financial System, Inc." ("Community Financial System") effective as of today. The name change reflects the Company's broader bus
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Community Financial System, Inc. (the "Company") (NYSE:CBU) reported third quarter 2024 results that are included in the attached supplement. This earnings release, including supporting financial tables, is also available within the press releases section of the Company's investor relations website at: https://communityfinancialsystem.com/news. An archived webcast of the earnings call will be available on this site for one full year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022473955/en/ Third Quarter 2024 Performance Summary Net income of $43.9 million, or $0.83 per fully diluted share, increased $0.01 per fully dilut
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on January 10, 2025 to shareholders of record as of December 13, 2024. The $0.46 cash dividend represents an annualized yield of 3.0% based on the closing share price of $61.37 on October 15, 2024. About Community Financial System, Inc. Community Financial System, Inc. is a diversified financial services company that is 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 count
SYRACUSE, N.Y., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Community Financial 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, 2024. Event:Earnings Conference Call – Third Quarter 2024 When:Tuesday, October 22, 2024 at 11:00 a.m. Eastern Time How:By conference call or from a simultaneous web cast Access:Conference Call Dial-In: 1-833-630-0464 1-412-317-1809 – Outside the U.S. & Canada Webcast: https://app.webinar.net/GagdbNwDZ0m Dimitar Karaivanov, President and Chief Executive Officer, and Joseph E. Sutaris, Executive Vice President and Chief Financia
Community Financial System, Inc. (the "Company") (NYSE:CBU) reported second quarter 2024 results that are included in the attached supplement. This earnings release, including supporting financial tables, is also available within the press releases section of the Company's investor relations website at: https://ir.communityfinancialsystem.com/news-presentations/press-releases/. An archived webcast of the earnings call will be available on this site for one full year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723648837/en/ Second Quarter 2024 Performance Summary Net income of $47.9 million, or $0.91 per fully diluted s
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on October 10, 2024 to shareholders of record as of September 13, 2024. The $0.46 cash dividend represents a $0.01, or 2.2%, increase and an annualized yield of 3.25% based on the closing share price of $56.63 on July 16, 2024. President and Chief Executive Officer, Dimitar Karaivanov, commented, "Our consistent profitability, rooted in our financial services business model, coupled with our strong cash flows, have positioned us to increase our dividend for 32 consecutive years. We have returned over $750
Community Bank System, Inc. (the "Company") (NYSE:CBU) reported first quarter 2024 results that are included in the attached supplement. This earnings release, including supporting financial tables, is also available within the press releases section of the Company's investor relations website at: https://ir.communitybanksystem.com/news-presentations/press-releases/. An archived webcast of the earnings call will be available on this site for one full year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240423122686/en/ First Quarter 2024 Performance Summary Net income of $40.9 million, or $0.76 per fully diluted share, increa
SYRACUSE, N.Y., March 25, 2024 (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 first quarter ended March 31, 2024. Event: Earnings Conference Call – First Quarter 2024 When:Tuesday, April 23, 2024 at 11:00 a.m. Eastern Time How:By conference call or from a simultaneous web cast Access:Conference Call Dial-In:1-833-630-0464 1-412-317-1809 – Outside the U.S. & Canada Webcast: https://app.webinar.net/OXrxVp7w7PM Dimitar Karaivanov, President and Chief Executive Officer, and Joseph E. Sutaris, Executive Vice President and Chief Financial Officer, will p
Community Bank System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock. The dividend will be payable on April 10, 2024 to shareholders of record as of March 15, 2024. The $0.45 cash dividend represents an annualized yield of 4.16% based on the closing share price of $43.25 on February 13, 2024. Community Bank System, Inc. is a diversified financial services company with total assets of $15.6 billion focused on four main business lines – banking, benefits administration, insurance services and wealth management. Its banking subsidiary, Community Bank, N.A., is among the country's 100 largest banking institution
Community Bank System, Inc. (the "Company") (NYSE:CBU) reported fourth quarter and full year 2023 results that are included in the attached supplement. This earnings release, including supporting financial tables, is also available within the press releases section of the Company's investor relations website at: https://ir.communitybanksystem.com/news-presentations/press-releases/. An archived webcast of the earnings call will be available on this site for one full year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240123187260/en/ Fourth Quarter and Full Year 2023 Performance Summary Fourth quarter 2023 net income of $38.3
SYRACUSE, N.Y., Dec. 21, 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 fourth quarter and full year ended December 31, 2023. Event:Earnings Conference Call – Fourth Quarter 2023 When:Tuesday, January 23, 2024 at 11:00 a.m. Eastern Time How:By conference call or from a simultaneous web cast Access:Conference Call Dial-In:1-833-630-0464 1-412-317-1809– Outside the U.S. & Canada Webcast: https://app.webinar.net/Rm4ONkYgL8b Dimitar Karaivanov, incoming President and Chief Executive Officer, and Joseph E. Sutaris, Executive Vice President and Chief Fina
Raymond James upgraded Community Financial System from Mkt Perform to Strong Buy and set a new price target of $67.00
Raymond James downgraded Community Financial System from Outperform to Mkt Perform
Hovde Group upgraded Community Bank from Market Perform to Outperform
Raymond James upgraded Community Bank from Mkt Perform to Outperform and set a new price target of $55.00
Janney initiated coverage of Community Bank with a rating of Buy and set a new price target of $66.00
Raymond James initiated coverage of Community Bank with a rating of Mkt Perform
Piper Sandler downgraded Community Bank from Neutral to Underweight and set a new price target of $66.00 from $74.00 previously
Keefe Bruyette resumed coverage of Community Bank with a rating of Mkt Perform and set a new price target of $75.00
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Community Financial (NYSE:CBU) reported quarterly earnings of $0.95 per share which beat the analyst consensus estimate of $0.81 by 17.28 percent. The company reported quarterly sales of $183.799 million which beat the analyst consensus estimate of $179.556 million by 2.36 percent. This is a 4.87 percent increase over sales of $175.263 million the same period last year.
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on October 10, 2024 to shareholders of record as of September 13, 2024.The $0.46 cash dividend represents a $0.01, or 2.2%, increase and an annualized yield of 3.25% based on the closing share price of $56.63 on July 16, 2024. President and Chief Executive Officer, Dimitar Karaivanov, commented, "Our consistent profitability, rooted in our financial services business model, coupled with our strong cash flows, have positioned us to increase our dividend for 32 consecutive years. We have returned over $750 mill
New corporate name reflects the Company's broader business model and mission in contributing to the prosperity of its community, including its clients, colleagues and shareholders by providing comprehensive financial services.Community Bank System, Inc. (NYSE:CBU) (the "Company"), a diversified financial services holding company operating four complementary business units: Community Bank N.A., Benefit Plan Administrative Services, Inc. ("BPAS"), OneGroup NY, Inc. ("OneGroup"), and Wealth Management, announced that it has changed its corporate name to "Community Financial System, Inc." ("Community Financial System") effective as of today. The name change reflects the Company's broader busines
Community Bank System (NYSE:CBU) reported quarterly earnings of $0.82 per share which beat the analyst consensus estimate of $0.78 by 5.13 percent. The company reported quarterly sales of $177.275 million which beat the analyst consensus estimate of $176.833 million by 0.25 percent. This is a 42.36 percent increase over sales of $124.525 million the same period last year.
Companies Reporting Before The Bell • RTX (NYSE:RTX) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion. • MSCI (NYSE:MSCI) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million. • Quest Diagnostics (NYSE:DGX) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion. • Community Bank System (NYSE:CBU) is expected to report quarterly earnings at $0.78 per share on revenue of $176.83 million. • Herc Hldgs (NYSE:HRI) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million. • JetBlue Airways (NASDAQ:JBLU) is expected to report quarterly loss at $0.52 p
Community Bank System (NYSE:CBU) reported quarterly earnings of $0.76 per share which missed the analyst consensus estimate of $0.78 by 2.56 percent. This is a 11.63 percent decrease over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $177.30 million which beat the analyst consensus estimate of $176.83 million by 0.27 percent. This is a 42.38 percent increase over sales of $124.53 million the same period last year.
DA Davidson analyst Manuel Navas maintains Community Bank System (NYSE:CBU) with a Neutral and maintains $50 price target.
Community Financial System, Inc. (the "Company") (NYSE:CBU) announced today the appointment of Savneet Singh to its Board of Directors (the "Board") as a new independent director, effective as of October 1, 2024. Mr. Singh is the Chief Executive Officer ("CEO") and President of PAR Technology Corporation (NYSE:PAR) and President of ParTech, Inc. ("ParTech"). Headquartered in Upstate New York, PAR Technology Corporation ("PAR") is a global food service technology company providing leading omnichannel cloud-based software and hardware solutions to the restaurant and retail industries. Mr. Singh joined PAR's Board of Directors in April 2018, was appointed PAR's Interim CEO and President and I
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock. The dividend will be payable on July 10, 2024 to Shareholders of record as of June 14, 2024. The $0.45 cash dividend represents an annualized yield of 3.78% based on the closing share price of $47.64 on May 14, 2024. The Company also announced that its Shareholders voted in line with the Board of Directors' recommendations on all proposals at its Annual Shareholders' Meeting on May 15, 2024 and elected all twelve (12) of the directors standing for re-election for a one-year term. The Shareholders also (i) approved, on an advisory basi
Community Bank System, Inc. (NYSE:CBU) (the "Company") today announced that Community Bank, N.A., its wholly-owned banking subsidiary (the "Bank"), has appointed Michael T. Cerminaro as the President and Chief Executive Officer of Community Bank's Wealth Management division. This appointment and succession reflects the Company's long standing commitment to growth and investment in its wealth management business line. Dimitar Karaivanov, the Company's Executive Vice President and Chief Operating Officer, commented, "Mike brings a breadth and depth of experience and expertise to this role, making him an excellent choice to lead our wealth management business. With his proven track record of
Community Bank System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.44 per share on its common stock. The dividend will be payable on July 10, 2023 to Shareholders of record as of June 15, 2023. The $0.44 cash dividend represents an annualized yield of 3.85% based on the closing share price of $45.69 on May 16, 2023. The Company also announced that its Shareholders voted in line with the Board of Directors' recommendations on all proposals at its Annual Shareholders' Meeting on May 17, 2023 and elected all twelve (12) of the directors standing for re-election for a one-year term. The Shareholders also (i) approved, on an advisory basis, th
Community Bank System, Inc. (NYSE:CBU) (the "Company") announced two senior management changes. Joseph F. Serbun, President, Retail Banking, of the Company and its wholly-owned subsidiary, Community Bank, N.A. (the "Bank"), has decided to retire after more than 14 years of service. Mr. Serbun joined the Bank in January 2008 as Vice President and Commercial Team Leader, and was named to the executive management committee in 2010. Since 2010, he has served in important senior management roles including Chief Credit Officer, Chief Banking Officer, and President, Retail Banking, playing an instrumental role in the Bank's growth and success. Mr. Serbun will retire from his position effective
Community Bank System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.43 per share on its common stock. The dividend will be payable on July 11, 2022 to Shareholders of record as of June 15, 2022. The $0.43 cash dividend represents an annualized yield of 2.68% based on the closing share price of $64.23 on May 17, 2022. The Company also announced that the Shareholders voted in line with the Board of Directors' recommendations on all proposals at its Annual Shareholders' Meeting on May 18, 2022 and elected all thirteen (13) of the directors standing for re-election for a one-year term. The Shareholders also (i) approved, on an advisory basis, t
Community Bank System, Inc. (NYSE:CBU) (the "Company") announced today the appointment of Jeffery Knauss to its Board of Directors as a new independent director. Mr. Knauss has extensive experience in digital marketing and technology development having served as the CEO and co-founder of Digital Hyve, a digital marketing and advertising firm that was named the 52nd fastest growing private company in the United States by Inc. Magazine in 2018 and has remained on Inc.'s 5,000, a list of the fastest-growing privately held companies in the United States, for the following three years. In addition to his vast digital marketing and technology experience, Mr. Knauss has significant entrepreneurial
Community Bank System, Inc. (NYSE:CBU) (the "Company") is pleased to announce that Maureen Gillan-Myer will join the Company as its Executive Vice President and Chief Human Resources Officer ("CHRO"). Ms. Gillan-Myer has over 29 years of leadership and oversight experience with respect to all aspects of human capital management and is currently serving as HSBC USA's CHRO. Her appointment is effective October 1, 2021 and she will serve on the Company's executive management team. Ms. Gillan-Myer joined HSBC USA in 2003 and has served in various leadership roles with increasing responsibility over her career with HSBC, including her current position of CHRO in which she leads a team of over 1
Community Bank System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.42 per share on its common stock. The dividend will be payable on July 9, 2021 to Shareholders of record as of June 15, 2021. The $0.42 cash dividend represents an annualized yield of 2.17% based on the closing share price of $77.41 on May 12, 2021. The Company also announced that the Shareholders voted in line with the Board of Directors' recommendations on all proposals at its Annual Shareholders' Meeting on May 13, 2021 and elected all twelve (12) of the directors standing for re-election for a one-year term. The Shareholders also approved, on an advisory basis, the Comp
SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. (NYSE:CBU) (the “Company”) is pleased to announce that Dimitar Karaivanov will be joining the Company as its Executive Vice President of Financial Services and Corporate Development. Mr. Karaivanov will assume leadership responsibilities for the Company’s non-banking subsidiaries and financial services businesses and operations, including the employee benefit services and institutional trust businesses, the wealth management and investment advisory businesses, and the insurance and risk management businesses. These financial services business lines represent a significant segment of the Company’s performance, accounting fo