Core Insights - Community Financial System (CBU) reported revenue of $189.81 million for Q3 2024, marking an 8.2% year-over-year increase [1] - The earnings per share (EPS) for the same period was $0.83, slightly up from $0.82 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $186.6 million by 1.72%, while the EPS fell short of the consensus estimate of $0.86 by 3.49% [1] Financial Metrics - Net Interest Margin stood at 3%, aligning with the average estimate from two analysts [2] - The Efficiency Ratio (GAAP) was reported at 65.7%, slightly above the average estimate of 65% [2] - Total Non-Interest Income reached $76.20 million, surpassing the estimated $73.20 million [2] - Fully tax-equivalent net interest income was $113.62 million, compared to the average estimate of $113.40 million [2] Stock Performance - Over the past month, Community Financial shares returned -0.4%, contrasting with the Zacks S&P 500 composite's +2.8% change [2] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential outperformance against the broader market in the near term [2]

Community Financial System (CBU) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.49%. A quarter ago, it was expected that this bank holding company would post earnings of $0.82 per share when it actually produced earnings of $0.95, delivering a surprise of 15.85%.Over the last four ...

Core Viewpoint - Community Financial System (CBU) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - For the fiscal year ending December 2024, Community Financial is expected to earn $3.42 per share, reflecting a 1.8% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Community Financial has increased by 6.4%, indicating a positive trend in earnings expectations [8]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, highlighting their superior earnings estimate revision features [9][10].

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 3: TransMedics Group, Inc. (TMDX) : This medical technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days. TransMedics' shares gained 86.0% over the last six months compared with the S&P 500's advanced of 10.9%. The company possesses a Momentum Score of A. Carnival Corporation & plc (CCL) : This leisure ...

Community Financial System, Inc. (CBU) : This bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% the last 60 days. This Zacks Rank #1 company has a dividend yield of 3.3%, compared with the industry average of 0.0%. See the full list of top ranked stocks here. Find more top income stocks with some of our great premium screens. ...

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. & Cana ...

The price trend for Community Financial System (CBU) has been bearish lately and the stock has lost 5.7% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall S ...

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, Ins ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-13695 (Exact name of registrant as specified in its charter) Delaware 16-1213679 (State or other jurisdiction of incorpor ...

Community Financial System, Inc. (CBU) is well-positioned for growth driven by decent loan growth, high interest rates and strategic acquisitions. Moreover, solid liquidity and product expansion efforts support its financials. Over the past 30 days, the Zacks Consensus Estimate for 2024 and 2025 earnings has moved 4% and 5.2% north, respectively. CBU currently sports a Zacks Rank #1 (Strong Buy). Over the past year, shares of Community Financial have gained 9.2%. Let's dig deeper into the factors that make ...