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 Ser ...

Certain reclassifications have been made to prior period balances to conform to the current period's presentation. Recently Adopted Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, to update reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance by the CODM. ASU 2023-07 is effective for fiscal y ...

Community Bank System, Inc. (NYSE:CBU) Q1 2024 Results Conference Call April 23, 2024 11:00 AM ET Company Participants Dimitar Karaivanov - President and Chief Executive Officer Joseph Sutaris - Chief Financial Officer Conference Call Participants Steve Moss - B. Riley FBR Christopher O'Connell - KBW Matthew Breese - Stephens Inc Operator Good day, and welcome to the Community Bank System First Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Aft ...

For the quarter ended March 2024, Community Bank System (CBU) reported revenue of $178.29 million, up 43.2% over the same period last year. EPS came in at $0.82, compared to $0.86 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $178.97 million, representing a surprise of -0.38%. The company delivered an EPS surprise of +3.80%, with the consensus EPS estimate being $0.79.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

For further information, please contact: 5790 Widewaters Parkway, DeWitt, N.Y. 13214 Joseph E. Sutaris, EVP & Chief Financial Officer Office: (315) 445-7396 News Release SYRACUSE, N.Y. — April 23, 2024 — 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:// ...

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 ...