NYSE : CBU
Community Financial System, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 63.37 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.32B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 630.02M | 596.72M | 545.77M | 445.17M | 335.07M | 308.36M |
| Interest Income on Investments | 104.04M | 102.56M | 97.76M | 96.22M | 108.65M | 79.06M |
| Total Interest Income | 734.05M | 699.27M | 643.53M | 541.39M | 443.73M | 387.42M |
| Interest Paid on Deposits | 152.71M | 162.20M | 159.52M | 85.34M | 15.04M | 11.63M |
| Interest Paid on Borrowings | 30.52M | 30.52M | 34.89M | 18.77M | 8.05M | 1.38M |
| Total Interest Expense | 183.23M | 192.72M | 194.41M | 104.10M | 23.10M | 13.01M |
| Net Interest Income | 550.83M | 506.55M | 449.12M | 437.29M | 420.63M | 374.41M |
| Trust Income | 42.69M | 37.06M | 36.67M | 31.94M | 31.67M | 33.24M |
| Mortgage Banking Activities | 3.54M | 3.54M | 4.42M | 595.00K | 390.00K | 1.77M |
| Gain (Loss) on Sale of Investments | 1.29M | 375.00K | 744.00K | -52.38M | -44.00K | 17.00K |
| Gain (Loss) on Sale of Equity Investments | -270.00K | -285.00K | ||||
| Other Non-Interest Income | 216.50M | 211.40M | 197.07M | 179.74M | 159.86M | 151.99M |
| Total Non-Interest Income | 328.36M | 311.46M | 297.19M | 214.59M | 258.73M | 246.24M |
| Revenues Before Loan Losses | 879.18M | 818.01M | 746.30M | 651.88M | 679.36M | 620.65M |
| Provision for Loan Losses | 20.78M | 21.35M | 22.77M | 11.20M | 14.77M | -8.84M |
| Revenue | 858.40M | 796.66M | 723.53M | 640.67M | 664.58M | 629.49M |
| Salaries and Employee Benefits | 309.62M | 294.92M | 283.88M | 266.00M | 243.14M | 228.80M |
| Occupancy Expenses | 43.88M | 36.69M | 32.45M | 33.06M | 33.67M | 32.65M |
| Amortization of Goodwill & Intangibles | 16.72M | 13.85M | 14.26M | 14.51M | 15.21M | 14.05M |
| Selling, General & Administrative | 137.32M | 133.76M | 121.34M | 114.53M | 104.15M | 93.34M |
| Other Non-Interest Expense | 37.50M | 36.75M | 34.11M | 32.78M | 23.37M | 18.50M |
| Total Non-Interest Expense | 545.04M | 515.95M | 486.03M | 460.88M | 419.55M | 387.34M |
| EBT Excluding Unusual Items | 313.36M | 280.71M | 237.50M | 179.79M | 245.03M | 242.15M |
| Legal Settlements | 50.00K | 50.00K | -138.00K | -5.80M | 100.00K | |
| Other Unusual Items | -200.00K | -200.00K | -444.00K | -4.54M | 300.00K | -200.00K |
| Pretax Income | 308.05M | 275.39M | 236.71M | 168.23M | 240.31M | 241.35M |
| Income Tax Expense | 73.77M | 64.94M | 54.22M | 36.31M | 52.23M | 51.65M |
| Net Income | 234.28M | 210.46M | 182.48M | 131.92M | 188.08M | 189.69M |
| Preferred Dividends & Other Adjustments | -873.00K | -873.00K | -740.00K | -447.00K | 533.00K | 445.00K |
| Net Income to Common | 235.15M | 211.33M | 183.22M | 132.37M | 187.55M | 189.25M |
| Basic Shares Outstanding | 52.59M | 52.70M | 52.76M | 53.60M | 53.90M | 53.98M |
| Diluted Shares Outstanding | 52.81M | 52.82M | 52.88M | 53.73M | 54.21M | 54.40M |
| EPS (Basic) | 4.47 | 4.01 | 3.47 | 2.47 | 3.48 | 3.51 |
| EPS (Diluted) | 4.42 | 3.97 | 3.44 | 2.45 | 3.46 | 3.48 |
| Dividend Per Share | 1.90 | 1.86 | 1.82 | 1.78 | 1.74 | 1.70 |
| Effective Tax Rate | 23.95% | 23.58% | 22.91% | 21.58% | 21.73% | 21.40% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 424.64M | 301.75M | 197.00M | 190.96M | 209.90M | 1.88B |
| Investment Securities | 4.12B | 3.81B | 3.63B | 3.68B | 4.84B | 4.44B |
| Trading Asset Securities | 7.54M | 2.66M | 6.00K | 5.00K | 32.00K | |
| Mortgage-Backed Securities | 568.97M | 514.15M | 420.52M | 396.90M | 497.39M | |
| Total Investments | 4.12B | 4.38B | 4.14B | 4.10B | 5.24B | 4.94B |
| Gross Loans | 11.52B | 10.95B | 10.43B | 9.70B | 8.81B | 7.37B |
| Allowance for Loan Losses | -92.02M | -87.92M | -79.11M | -66.67M | -61.06M | -49.87M |
| Net Loans | 11.43B | 10.86B | 10.35B | 9.64B | 8.75B | 7.32B |
| Property, Plant & Equipment | 246.50M | 183.76M | 173.42M | 160.78M | 160.65M | |
| Goodwill | 887.98M | 853.23M | 845.40M | 841.84M | 799.11M | |
| Other Intangible Assets | 967.42M | 54.74M | 48.25M | 52.59M | 61.00M | 65.23M |
| Loans Held for Sale | 108.00K | 1.47M | 414.00K | |||
| Accrued Interest Receivable | 57.73M | 54.34M | 54.53M | 52.61M | 35.89M | |
| Other Current Assets | 500.00K | 1.40M | 2.70M | 5.40M | ||
| Long-Term Deferred Tax Assets | 62.69M | 114.05M | 79.89M | 149.63M | ||
| Other Real Estate Owned & Foreclosed | 7.27M | 5.78M | 2.78M | 1.16M | 503.00K | 718.00K |
| Other Long-Term Assets | 842.47M | 405.64M | 388.92M | 385.01M | 321.91M | 347.02M |
| Total Assets | 17.79B | 17.30B | 16.39B | 15.56B | 15.84B | 15.55B |
| Interest Bearing Deposits | 10.97B | 10.16B | 9.21B | 8.84B | 8.74B | 8.75B |
| Institutional Deposits | 548.48M | 672.98M | 447.99M | 129.08M | 236.76M | |
| Non-Interest Bearing Deposits | 3.89B | 3.68B | 3.56B | 3.64B | 4.14B | 3.92B |
| Total Deposits | 14.87B | 14.39B | 13.44B | 12.93B | 13.01B | 12.91B |
| Short-Term Borrowings | 215.04M | 238.69M | 382.22M | 357.60M | 1.12B | 324.72M |
| Current Portion of Leases | 12.61M | 11.58M | 9.66M | 8.99M | ||
| Accrued Interest Payable | 256.27M | 132.66M | 107.13M | 106.09M | 87.10M | 96.07M |
| Long-Term Debt | 420.97M | 3.25M | 3.28M | |||
| Federal Home Loan Bank Debt, Long-Term | 458.77M | 619.31M | 407.60M | 19.47M | 1.89M | |
| Long-Term Leases | 52.45M | 46.03M | 31.75M | 22.10M | 32.83M | |
| Pension & Post-Retirement Benefits | 13.51M | 15.23M | 15.79M | 15.67M | 21.65M | |
| Long-Term Deferred Tax Liabilities | 60.24M | |||||
| Other Long-Term Liabilities | 1.50M | 1.20M | ||||
| Total Liabilities | 15.76B | 15.30B | 14.62B | 13.86B | 14.28B | 13.45B |
| Common Stock | 2.03B | 54.91M | 54.70M | 54.37M | 54.19M | 54.09M |
| Additional Paid-In Capital | 1.09B | 1.08B | 1.06B | 1.05B | 1.04B | |
| Retained Earnings | 1.39B | 1.28B | 1.19B | 1.15B | 1.06B | |
| Treasury Stock | -110.94M | -100.54M | -55.59M | -26.48M | -10.61M | |
| Comprehensive Income & Other | -413.61M | -542.19M | -550.00M | -678.68M | -42.27M | |
| Shareholders' Equity | 2.03B | 2.01B | 1.76B | 1.70B | 1.55B | 2.10B |
| Total Liabilities & Equity | 17.79B | 17.30B | 16.39B | 15.56B | 15.84B | 15.55B |
| Total Debt | 636.01M | 762.52M | 1.06B | 806.61M | 1.17B | 362.72M |
| Net Cash (Debt) | -211.37M | -453.22M | -859.48M | -615.64M | -958.97M | 1.51B |
| Net Cash Per Share | -4.00 | -8.58 | -16.25 | -11.46 | -17.69 | 27.80 |
| Filing Date Shares Outstanding | 52.38M | 52.72M | 52.71M | 53.33M | 53.77M | 53.86M |
| Total Common Shares Outstanding | 52.38M | 52.68M | 52.67M | 53.33M | 53.74M | 53.88M |
| Book Value Per Share | 38.77 | 38.08 | 33.47 | 31.84 | 28.88 | 38.99 |
| Tangible Book Value | 1.06B | 1.06B | 861.36M | 799.95M | 648.87M | 1.24B |
| Tangible Book Value Per Share | 20.30 | 20.18 | 16.35 | 15.00 | 12.07 | 22.95 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 210.46M | 182.48M | 131.92M | 188.08M | 189.69M | |
| Depreciation & Amortization | 30.20M | 28.66M | 28.35M | 30.43M | 30.16M | |
| Gain (Loss) on Sale of Assets | -855.00K | -2.38M | -1.49M | -655.00K | -328.00K | |
| Gain (Loss) on Sale of Investments | 13.71M | 10.07M | 58.21M | -18.69M | -22.52M | |
| Provision for Credit Losses | 21.35M | 22.77M | 11.20M | 14.77M | -8.84M | |
| Change in Other Net Operating Assets | 7.57M | -5.88M | 1.11M | -6.23M | 2.06M | |
| Other Operating Activities | 8.28M | -1.82M | -10.16M | -838.00K | 5.98M | |
| Operating Cash Flow | 301.86M | 242.28M | 228.42M | 214.60M | 202.55M | |
| Capital Expenditures | -68.53M | -20.70M | -18.59M | -12.92M | -13.38M | |
| Sale of Property, Plant and Equipment | 1.97M | 5.74M | 7.47M | 2.43M | 201.00K | |
| Cash Acquisitions | 469.69M | -15.62M | -8.52M | -668.00K | -29.33M | |
| Investment in Securities | -52.41M | -39.46M | 1.28B | -1.12B | -1.54B | |
| Income (Loss) Equity Investments | 285.00K | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -532.83M | -765.58M | -923.28M | -1.00B | 49.93M | |
| Investing Cash Flow | -182.10M | -835.62M | 335.78M | -2.14B | -1.53B | |
| Short-Term Debt Issued | 65.00M | 790.33M | 40.71M | |||
| Long-Term Debt Issued | 250.00M | 400.00M | ||||
| Total Debt Issued | 315.00M | 400.00M | 790.33M | 40.71M | ||
| Short-Term Debt Repaid | -148.39M | -43.04M | -757.46M | |||
| Long-Term Debt Repaid | -160.26M | -47.07M | -14.97M | -95.00K | -82.09M | |
| Total Debt Repaid | -308.65M | -90.11M | -772.43M | -95.00K | -82.09M | |
| Net Debt Issued (Repaid) | -308.65M | 224.88M | -372.43M | 790.24M | -41.38M | |
| Issuance of Common Stock | 5.28M | 7.09M | 1.01M | 1.18M | 9.82M | |
| Repurchase of Common Stock | -14.34M | -47.31M | -31.21M | -17.90M | -6.35M | |
| Common Dividends Paid | -97.56M | -95.78M | -95.10M | -93.39M | -91.05M | |
| Net Increase (Decrease) in Deposit Accounts | 401.64M | 513.59M | -84.19M | -421.15M | 1.69B | |
| Other Financing Activities | -1.38M | -3.09M | -1.21M | 236.00K | 252.00K | |
| Financing Cash Flow | -15.01M | 599.38M | -583.13M | 259.22M | 1.56B | |
| Net Cash Flow | 104.75M | 6.04M | -18.93M | -1.67B | 229.26M | |
| Free Cash Flow | 233.33M | 221.57M | 209.84M | 201.68M | 189.17M | |
| Free Cash Flow Margin | 29.29% | 30.62% | 32.75% | 30.35% | 30.05% | |
| Free Cash Flow Per Share | 4.42 | 4.19 | 3.91 | 3.72 | 3.48 | |
| Cash Interest Paid | 193.05M | 192.87M | 100.04M | 23.40M | 13.75M | |
| Cash Income Tax Paid | 40.50M | 43.73M | 41.66M | 57.13M | 41.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.37B | 3.02B | 3.24B | 2.78B | 3.38B | 4.02B |
| Last Close Price | 64.48 | 56.13 | 58.37 | 47.61 | 55.47 | 63.87 |
| PE Ratio | 14.56 | 14.31 | 17.69 | 21.02 | 18.04 | 21.23 |
| PS Ratio | 3.93 | 3.80 | 4.48 | 4.34 | 5.09 | 6.38 |
| PB Ratio | 1.66 | 1.51 | 1.84 | 1.64 | 2.18 | 1.91 |
| P/FCF Ratio | 13.69 | 12.96 | 14.63 | 13.26 | 16.77 | 21.23 |
| P/OCF Ratio | 10.96 | 10.02 | 13.38 | 12.18 | 15.76 | 19.83 |
| Debt / Equity Ratio | 0.31 | 0.38 | 0.60 | 0.47 | 0.75 | 0.17 |
| Debt / FCF Ratio | 3.27 | 4.78 | 3.84 | 5.80 | 1.92 | |
| Net Debt / Equity Ratio | 0.10 | 0.23 | 0.49 | 0.36 | 0.62 | -0.72 |
| Net Debt / FCF Ratio | 1.94 | 3.88 | 2.93 | 4.75 | -8.00 | |
| Return on Equity (ROE) | 11.80% | 11.17% | 10.55% | 8.12% | 10.30% | 9.02% |
| Return on Assets (ROA) | 1.35% | 1.25% | 1.14% | 0.84% | 1.20% | 1.29% |
| Earnings Yield | 6.87% | 6.96% | 5.63% | 4.74% | 5.56% | 4.72% |
| FCF Yield | 7.30% | 7.71% | 6.83% | 7.54% | 5.96% | 4.71% |
| Dividend Yield | 3.04% | 3.24% | 2.96% | 3.41% | 2.76% | 2.28% |
| Payout Ratio | 44.32% | 46.36% | 52.49% | 72.09% | 49.65% | 48.00% |
| Buyback Yield / Dilution | 0.06% | 0.12% | 1.57% | 0.89% | 0.35% | -2.02% |
| Total Shareholder Return | 3.10% | 3.36% | 4.52% | 4.30% | 3.12% | 0.26% |