SEC Form 10-Q filed by Community Financial System Inc.

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 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 (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