Earnings summaries and quarterly performance for COMMUNITY FINANCIAL SYSTEM.
Executive leadership at COMMUNITY FINANCIAL SYSTEM.
Dimitar Karaivanov
Detailed
President and Chief Executive Officer
CEO
JL
Jeffrey Levy
Detailed
Senior Vice President and Chief Banking Officer
MB
Marya Burgio Wlos
Detailed
Executive Vice President and Chief Financial Officer
MG
Maureen Gillan-Myer
Detailed
Executive Vice President and Chief Administration and Human Resources Officer
MA
Michael Abdo
Detailed
Executive Vice President and General Counsel
Board of directors at COMMUNITY FINANCIAL SYSTEM.
ES
Eric Stickels
Detailed
Chair of the Board
JK
Jeffery Knauss
Detailed
Director
JP
John Parente
Detailed
Director
JV
John Vaccaro
Detailed
Director
JW
John Whipple Jr.
Detailed
Director
KM
Kerrie MacPherson
Detailed
Director
MB
Mark Bolus
Detailed
Director
MS
Michele Sullivan
Detailed
Director
NF
Neil Fesette
Detailed
Director
RP
Raymond Pecor III
Detailed
Director
SS
Sally Steele
Detailed
Director
SS
Savneet Singh
Detailed
Director
Research analysts who have asked questions during COMMUNITY FINANCIAL SYSTEM earnings calls.
MB
Matthew Breese
Stephens Inc.
7 questions for CBU
Also covers: CAC, CNOB, CUBI +13 more
DK
David Konrad
Keefe, Bruyette & Woods (KBW)
6 questions for CBU
Also covers: AMAL, BLFY, BRKL +8 more
SM
Steve Moss
Raymond James
6 questions for CBU
Also covers: AUB, BRKL, BWFG +11 more
MN
Manuel Navis
D.A. Davidson
4 questions for CBU
Christopher O'Connell
Keefe, Bruyette, & Woods, Inc.
3 questions for CBU
Also covers: AMAL, ASB, BHLB +9 more
SM
Stephen Moss
Raymond James Financial, Inc.
3 questions for CBU
Also covers: AUB, BRKL, CAC +12 more
FS
Frank Schiraldi
Piper Sandler
2 questions for CBU
Also covers: BPOP, CASH, CNOB +14 more
SC
Sharanjit Cheema
D.A. Davidson & Co.
2 questions for CBU
Also covers: STBA, WSFS
TC
Tyler Cacciatori
Stephens Inc.
2 questions for CBU
Also covers: CNOB, NWFL, OCFC +2 more
MN
Manuel Navas
D.A. Davidson & Co.
1 question for CBU
Also covers: ABCB, BFST, CIVB +16 more
SG
Sharon Gee
D.A. Davidson & Co.
1 question for CBU
Also covers: FFIC
Recent press releases and 8-K filings for CBU.
Community Financial System, Inc. to Acquire ClearPoint Federal Bank & Trust
CBU
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Community Financial System, Inc. (CBU) announced on January 15, 2026, that its banking subsidiary, Community Bank, N.A., will acquire ClearPoint Federal Bank & Trust in an all-cash transaction valued at $40 million.
- ClearPoint is a national leader in trust administration with over $1.5 billion in assets under management and a 3-year revenue CAGR of 8.8%.
- The acquisition is expected to significantly expand CBU's wealth management services, increasing Nottingham Financial Group's revenue by 20% and its contribution to CBU by 1.0%.
- The transaction is anticipated to be slightly accretive to earnings per share with a double-digit return on capital and is expected to close in the second quarter of 2026.
6 days ago
Community Financial System to Acquire ClearPoint Federal Bank & Trust
CBU
M&A
New Projects/Investments
- Community Financial System, Inc. (CFSI) announced an agreement to acquire ClearPoint Federal Bank & Trust in an all-cash transaction valued at $40 million.
- This acquisition is expected to significantly expand CFSI's wealth management services through its Nottingham Financial Group (NFG).
- ClearPoint is a national leader in trust administration for the death care industry, with over $1.5 billion of assets under management and a 3-year revenue CAGR of 8.8%.
- The transaction is anticipated to close in the second quarter of 2026, subject to shareholder and regulatory approvals.
6 days ago
Community Financial System, Inc. Completes Acquisition of Seven Santander Bank Branches
CBU
M&A
New Projects/Investments
- Community Financial System, Inc. (CBU), through its wholly-owned banking subsidiary Community Bank, N.A., completed the acquisition of seven branches in the Allentown, Pennsylvania area from Santander Bank, N.A. on November 7, 2025.
- As part of the transaction, Community Bank acquired approximately $553.0 million of deposits and approximately $31.9 million of performing loans.
- This strategic acquisition accelerates Community Bank’s expansion in the Greater Lehigh Valley, complementing its existing presence and securing a Top 5 market position with a total of 12 retail locations in the region.
Nov 10, 2025, 12:00 PM
Community Financial System Completes Acquisition of Santander Bank Branches
CBU
M&A
New Projects/Investments
- Community Bank, N.A., a subsidiary of Community Financial System, Inc. (CBU), has completed the acquisition of seven former Santander Bank, N.A. branches in the Allentown, Pennsylvania area.
- This acquisition adds approximately $553.0 million in customer deposit accounts.
- With this acquisition, Community Bank will operate a total of 12 retail locations in the Greater Lehigh Valley, securing a Top 5 market position in the region.
Nov 10, 2025, 11:45 AM
Community Financial System Reports Record Q3 2025 Operating EPS and Strategic Investments
CBU
Earnings
New Projects/Investments
Share Buyback
- Community Financial System, Inc. (CBU) reported strong Q3 2025 results, with record operating earnings per share of $1.09, a 23.9% increase year-over-year, and total operating revenues of $206.8 million, up 9.4% from the prior year.
- The company highlighted diversified revenue growth, with pre-tax tangible returns for the quarter at 63% for insurance services and 62% for employee benefit services, and has deployed approximately $100 million in cash capital for strategic transactions year-to-date.
- Strategic initiatives include the upcoming acquisition of seven Santander branches in the Lehigh Valley market and a minority investment in Leap Holdings Inc. to enhance its insurance services business.
- CBU's balance sheet remains robust, with ending loans increasing 4.9% and total deposits growing 4.3% year-over-year, alongside a strong Tier-one leverage ratio of 9.46% and stable asset quality metrics.
- The company maintains its 4% to 5% loan growth guidance for the year and anticipates continued net interest margin expansion in Q4 2025.
Oct 21, 2025, 3:00 PM
Community Financial Systems, Inc. Announces Record Q3 2025 Operating Earnings and Revenue Growth
CBU
Earnings
M&A
Share Buyback
- Community Financial Systems, Inc. (CBU) reported record operating earnings per share of $1.09 in Q3 2025, a 23.9% increase year-over-year, driven by record total operating revenues of $206.8 million.
- The company demonstrated strong financial health with net interest income of $128.2 million, a 15.07% improvement year-over-year, and a net interest margin of 3.33%.
- CBU saw significant balance sheet growth, with ending loans increasing by 4.9% year-over-year and total deposits growing by 4.3% year-over-year, while maintaining a strong Tier one leverage ratio of 9.46%.
- Strategic capital deployment included approximately $100 million in cash capital for transactions aligning with strategic priorities and the buyback of approximately 206,000 shares.
- Looking ahead, CBU anticipates closing the acquisition of seven Santander branches on November 7 and made a minority investment in Leap Holdings, Inc., expecting continued loan growth of 4% to 5% for the year.
Oct 21, 2025, 3:00 PM
Community Financial System, Inc. Reports Record Q3 2025 Operating EPS and Strategic Investments
CBU
Earnings
New Projects/Investments
M&A
- Community Financial System, Inc. reported third quarter 2025 net income of $55.1 million, or $1.04 per share, and operating net income of $58.1 million, or $1.09 per share, marking a second consecutive quarter of record operating diluted earnings per share.
- Total revenues for Q3 2025 reached $207.1 million, an increase of 9.6% compared to Q3 2024, with net interest income growing 13.7% to $128.2 million and net interest margin expanding to 3.30% (GAAP).
- The company made a $37.4 million minority investment in Leap Holdings, Inc., a tech-first managing general agent providing insurance solutions for the rental housing sector, to complement its existing insurance services business.
- Community Bank, N.A. is acquiring seven branch locations in Allentown, Pennsylvania, from Santander Bank, N.A., which is expected to add approximately $600 million of customer deposits and is anticipated to close on November 7, 2025.
Oct 21, 2025, 2:30 PM
Community Financial System Reports Strong Q3 2025 Earnings and Record Interest Income
CBU
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Community Financial System Inc (CBU) reported strong third-quarter 2025 earnings, with a 23.9% year-over-year increase in operating earnings per share and record net interest income growth of 13.7%.
- The company made strategic investments totaling $100 million in facilities, talent, and technology, and a minority investment in LEAP Holdings aimed at expanding insurance services.
- CBU maintained robust liquidity with $6.2 billion readily available but recorded a $5.6 million provision for credit losses, reflecting some credit quality concerns, and its allowance for credit losses increased by $3.1 million.
- Noninterest expenses increased by $4.1 million or 3.3% year-over-year, and the effective tax rate rose to 24.7% from 23% in the prior year's third quarter.
Oct 21, 2025, 11:02 AM
Quarterly earnings call transcripts for COMMUNITY FINANCIAL SYSTEM.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more