31 (1) Included in the common shares repurchased were 1,249 shares acquired by the Company in connection with the administration of a deferred compensation plan. These shares were not repurchased as part of the publicly announced repurchase plan described above. Unless otherwise noted, all earnings per share ("EPS") figures disclosed in the MD&A refer to diluted EPS. The term "this year" and equivalent terms refer to results in calendar year 2023, "last year" and equivalent terms refer to calendar year 2022 ...

Community Bank System, Inc. (NYSE:CBU) Q4 2023 Earnings Conference Call January 23, 2024 11:00 AM ET Company Participants Dimitar Karaivanov - President and Chief Executive Officer Joseph Sutaris - Chief Financial Officer Conference Call Participants Alex Twerdahl - Piper Sandler Steve Moss - Raymond James Chris O'Connell - KBW Matthew Breese - Stephens Inc. Operator Good day, and welcome to the Community Bank System Fourth Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mod ...

Community Bank System (CBU) reported $178 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.2%. EPS of $0.76 for the same period compares to $0.96 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $177.16 million, representing a surprise of +0.47%. The company delivered an EPS surprise of -9.52%, with the consensus EPS estimate being $0.84.While investors scrutinize revenue and earnings changes year-over-year and how they compare wi ...

Community Bank System (CBU) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.52%. A quarter ago, it was expected that this bank holding company would post earnings of $0.88 per share when it actually produced earnings of $0.82, delivering a surprise of -6.82%.Over the last four quar ...

SYRACUSE, N.Y.--(BUSINESS WIRE)--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. F ...

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced today the election of Michele Sullivan to its Board of Directors (the “Board”) as a new independent director, effective as of February 1, 2024. Ms. Sullivan is a retired partner of Crowe LLP (“Crowe”) where she served in Crowe’s consulting practice specializing in the financial services sector. She worked with top United States and global banks, as well as mid-market insurance carriers and fintech companies, p ...

On July 26, 2023, the SEC finalized rules requiring registrants to disclose material cybersecurity incidents that they experience on Form 8-K and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance. Annual disclosures will be required in CBSI's Annual Report on Form 10-K for the year ended 2023. The Form 8-K disclosure requirements will become effective beginning on December 18, 2023. 38 Table of Contents Net Income and Profitability As ...

Community Bank System, Inc. (NYSE:CBU) Q3 2023 Earnings Conference Call October 24, 2023 11:00 AM ET Company Participants Mark Tryniski - President, Chief Executive Officer Joseph Sutaris - Executive Vice President, Chief Financial Officer Dimitar Karaivanov - Chief Operating Officer Conference Call Participants Nick Cucharale - The Hovde Group Steve Moss - Raymond James Alex Twerdahl - Piper Sandler Chris O'Connell - KBW Matthew Breese - Stephens Operator Good day, and welcome to the Community Bank’s 2023 ...

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed after considering the measurement period adjustments described above: | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------|-------|-------|----------------------|-------|-------|------------|------------------|------------| | (000s omitted) \nConsideration: | | Axiom | 2023 \n(1) Other | | Total | Elmira | 202 ...

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 Quar ...