Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market deposit accounts, as well as time deposits. It also provides loans, including consumer mortgages; general purpose commercial and industrial loans, and mortgages on commercial properties; paycheck protection program loans; installment loans that are originated through selected dealerships and are secured by automobiles, marine, and other recreational vehicles; personal installment loans and lines of credit for consumers; and home equity products. In addition, the company offers broker-dealer and investment advisory; cash management, investment, and treasury services; asset management; and employee benefit services, as well as operates as a full-service insurance agency that offers personal and commercial lines of insurance, and other risk management products and services. Further, it provides contribution plan administration, employee benefit trust, collective investment fund, retirement plan administration, fund administration, transfer agency, actuarial and benefit consulting, VEBA/HRA, and health and welfare consulting services. Additionally, the company offers wealth management, retirement planning, higher educational planning, fiduciary, risk management, trust, and personal financial planning services; and investment alternatives, including stocks, bonds, mutual funds, and advisory products, as well as master recordkeeping services. As of January 25, 2021, it operates approximately 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. Community Bank System, Inc. was founded in 1866 and is headquartered in Onondaga, New York.
IPO Year:
Exchange: NYSE
Website: cbna.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/5/2024 | $70.00 | Neutral | Piper Sandler |
| 10/28/2024 | $67.00 | Mkt Perform → Strong Buy | Raymond James |
| 7/24/2024 | Outperform → Mkt Perform | Raymond James | |
| 6/28/2023 | Market Perform → Outperform | Hovde Group | |
| 6/6/2023 | $55.00 | Mkt Perform → Outperform | Raymond James |
| 3/14/2023 | $66.00 | Buy | Janney |
| 12/21/2022 | Mkt Perform | Raymond James | |
| 5/2/2022 | $74.00 → $66.00 | Neutral → Underweight | Piper Sandler |
| 1/10/2022 | $75.00 | Mkt Perform | Keefe Bruyette |
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4/A - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
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4 - COMMUNITY BANK SYSTEM, INC. (0000723188) (Issuer)
4 - COMMUNITY BANK SYSTEM, INC. (0000723188) (Issuer)
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4 - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
4 - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
4 - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
4 - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
4 - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
4 - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
4 - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
4 - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
4 - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
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10-Q - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
11-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
S-8 - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
SCHEDULE 13G - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Subject)
10-Q - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
8-K - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Filer)
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Community Financial System, Inc. (the "Company") (NYSE:CBU) reported second quarter 2025 results that are included in the attached supplement. This earnings release and attached supplement are also available within the "News" section of the Company's investor relations website at https://communityfinancialsystem.com/news. A replay of the earnings call webcast will also be available on this site for at least one year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250722186931/en/ Second Quarter 2025 Performance Summary Net income of $51.3 million, or $0.97 per share, increased $0.06 per share from the prior year's second quar
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.47 per share on its common stock. The dividend will be payable on October 10, 2025 to shareholders of record as of September 12, 2025. The $0.47 cash dividend represents a $0.01, or 2.2%, increase and an annualized yield of 3.33% based on the closing share price of $56.40 on July 15, 2025. President and Chief Executive Officer, Dimitar Karaivanov, commented, "Today's increase reflects the Board of Directors' confidence in our sustainable long-term growth strategy as a diversified financial services company. Our annual dividend increases over the last 33 years are supp
Community Bank, N.A. ("Community Bank"), a subsidiary of Community Financial System, Inc. (NYSE:CBU), announced today it has entered into a Purchase and Assumption Agreement with Santander Bank, N.A. ("Santander Bank") to acquire seven branch locations in the Allentown, PA area as well as certain branch related loans and deposits. In addition, Community Bank will purchase related wealth management relationships. The transaction is expected to close during the fourth quarter of 2025 subject to customary regulatory approval. All branches will remain open and all employees will be offered continued employment. The transaction accelerates Community Bank's de novo expansion in the Greater Lehi
SYRACUSE, N.Y., June 23, 2025 (GLOBE NEWSWIRE) -- Community Financial System, Inc. (NYSE:CBU) (the "Company") will host a conference call to discuss its financial and operating results for the second quarter ended June 30, 2025. Event:Second Quarter 2025 Earnings Conference CallWhen: Tuesday, July 22, 2025 at 11:00 a.m. Eastern Time Access:Dial-In (U.S.):1-833-630-0464 Dial-In (International) 1-412-317-1809 Webcast: https://app.webinar.net/n7jl8918GAN Dimitar Karaivanov, President and Chief Executive Officer, and Marya Burgio Wlos, Executive Vice President and Chief Financial Officer, will discuss the Company's second quarter results. Management's prepared remarks will last approximately 1
Community Financial System, Inc. (the "Company") (NYSE:CBU) reported first quarter 2025 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://communityfinancialsystem.com/news. An archived webcast of the earnings call will be available on this site for one full year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429960737/en/ First Quarter 2025 Performance Summary Net income of $49.6 million, or $0.93 per share, increased $0.17 per share from the prior year
Victor Kwitkiwski, Jim Nolan, and Dan Roderigues join GTC to drive national growth and deepen institutional partnerships WOBURN, Mass., April 28, 2025 /PRNewswire/ -- Global Trust Company (GTC), a leading provider of institutional trust and investment solutions, announced a strategic expansion of its business development team with the addition of three highly respected industry veterans: Victor Kwitkiwski, Jim Nolan, and Dan Roderigues. Victor Kwitkiwski has been appointed National Sales Manager and will lead GTC's national product distribution strategy across all market channels. With more than 25 years of experience in the workplace retirement plans and investment space, he joins GTC from
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on July 10, 2025 to shareholders of record as of June 13, 2025. The $0.46 cash dividend represents an annualized yield of 3.47% based on the closing share price of $53.08 on April 15, 2025. About Community Financial System, Inc. Community Financial System, Inc. is a diversified financial services company that is focused on four main business lines – banking services, employee benefit services, insurance services and wealth management services. Its banking subsidiary, Community Bank, N.A., is among the coun
UTICA, N.Y., April 15, 2025 /PRNewswire/ --BPAS, a leading national provider of retirement plans, benefit plans, fund administration, and collective investment trusts, announced today it has earned certification from the Centre for Fiduciary Excellence (CEFEX), a division of Broadridge Fi360 Solutions (Broadridge). BPAS has earned the right to use the CEFEX Mark which indicates the firm's established practices are aligned with investors' interests and worthy of trust and confidence," said Carlos Panksep, CEFEX VP. CEFEX certification is only granted to firms that demonstrate a
SYRACUSE, N.Y., March 24, 2025 (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 for the first quarter ended March 31, 2025. Event:Earnings Conference Call – First Quarter 2025 When:Tuesday, April 29, 2025 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. & Canada Webcast: https://app.webinar.net/OyoNkJ8Q5nX Dimitar Karaivanov, Chief Executive Officer and President, along with Marya Wlos, incoming Executive Vice President and Chief Financial O
Community Financial System, Inc. (the "Company") (NYSE:CBU) and its wholly owned banking subsidiary, Community Bank, N.A. (the "Bank"), announced the appointment of Marya Burgio Wlos as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of March 31, 2025. Joseph E. Sutaris, who previously notified the Company and the Bank of his intent to retire as Executive Vice President and Chief Financial Officer, will remain with the Company and the Bank through July 1, 2025 and will work closely with Ms. Wlos during the transition period. Ms. Wlos, age 47, has served as Managing Director and COO Investment Bank at M&T Bank since January 2021. Ms. Wlos serve
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Piper Sandler resumed coverage of Community Financial System with a rating of Neutral and set a new price target of $70.00
Raymond James upgraded Community Financial System from Mkt Perform to Strong Buy and set a new price target of $67.00
Raymond James downgraded Community Financial System from Outperform to Mkt Perform
Hovde Group upgraded Community Bank from Market Perform to Outperform
Raymond James upgraded Community Bank from Mkt Perform to Outperform and set a new price target of $55.00
Janney initiated coverage of Community Bank with a rating of Buy and set a new price target of $66.00
Raymond James initiated coverage of Community Bank with a rating of Mkt Perform
Piper Sandler downgraded Community Bank from Neutral to Underweight and set a new price target of $66.00 from $74.00 previously
Keefe Bruyette resumed coverage of Community Bank with a rating of Mkt Perform and set a new price target of $75.00
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Community Financial System, Inc. (the "Company") (NYSE:CBU) reported second quarter 2025 results that are included in the attached supplement. This earnings release and attached supplement are also available within the "News" section of the Company's investor relations website at https://communityfinancialsystem.com/news. A replay of the earnings call webcast will also be available on this site for at least one year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250722186931/en/ Second Quarter 2025 Performance Summary Net income of $51.3 million, or $0.97 per share, increased $0.06 per share from the prior year's second quar
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.47 per share on its common stock. The dividend will be payable on October 10, 2025 to shareholders of record as of September 12, 2025. The $0.47 cash dividend represents a $0.01, or 2.2%, increase and an annualized yield of 3.33% based on the closing share price of $56.40 on July 15, 2025. President and Chief Executive Officer, Dimitar Karaivanov, commented, "Today's increase reflects the Board of Directors' confidence in our sustainable long-term growth strategy as a diversified financial services company. Our annual dividend increases over the last 33 years are supp
SYRACUSE, N.Y., June 23, 2025 (GLOBE NEWSWIRE) -- Community Financial System, Inc. (NYSE:CBU) (the "Company") will host a conference call to discuss its financial and operating results for the second quarter ended June 30, 2025. Event:Second Quarter 2025 Earnings Conference CallWhen: Tuesday, July 22, 2025 at 11:00 a.m. Eastern Time Access:Dial-In (U.S.):1-833-630-0464 Dial-In (International) 1-412-317-1809 Webcast: https://app.webinar.net/n7jl8918GAN Dimitar Karaivanov, President and Chief Executive Officer, and Marya Burgio Wlos, Executive Vice President and Chief Financial Officer, will discuss the Company's second quarter results. Management's prepared remarks will last approximately 1
Community Financial System, Inc. (the "Company") (NYSE:CBU) reported first quarter 2025 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://communityfinancialsystem.com/news. An archived webcast of the earnings call will be available on this site for one full year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429960737/en/ First Quarter 2025 Performance Summary Net income of $49.6 million, or $0.93 per share, increased $0.17 per share from the prior year
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on July 10, 2025 to shareholders of record as of June 13, 2025. The $0.46 cash dividend represents an annualized yield of 3.47% based on the closing share price of $53.08 on April 15, 2025. About Community Financial System, Inc. Community Financial System, Inc. is a diversified financial services company that is focused on four main business lines – banking services, employee benefit services, insurance services and wealth management services. Its banking subsidiary, Community Bank, N.A., is among the coun
SYRACUSE, N.Y., March 24, 2025 (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 for the first quarter ended March 31, 2025. Event:Earnings Conference Call – First Quarter 2025 When:Tuesday, April 29, 2025 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. & Canada Webcast: https://app.webinar.net/OyoNkJ8Q5nX Dimitar Karaivanov, Chief Executive Officer and President, along with Marya Wlos, incoming Executive Vice President and Chief Financial O
Community Financial System, Inc. (the "Company") (NYSE:CBU) reported fourth quarter and full year 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://communityfinancialsystem.com/news. An archived webcast of the earnings call will be available on this site for one full year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250121544735/en/ Fourth Quarter and Full Year 2024 Performance Summary Fourth quarter net income of $49.8 million, or $0.94 per share
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on April 10, 2025 to shareholders of record as of March 14, 2025. The $0.46 cash dividend represents an annualized yield of 3.0% based on the closing share price of $61.60 on January 14, 2025. About Community Financial System, Inc. Community Financial System, Inc. is a diversified financial services company that is focused on four main business lines – banking, employee benefit services, insurance services and wealth management services. Its banking subsidiary, Community Bank, N.A., is among the country'
SYRACUSE, N.Y., Dec. 19, 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 fourth quarter and full year ended December 31, 2024. Event:Earnings Conference Call – Fourth Quarter 2024When:Tuesday, January 21, 2025 at 11:00 a.m. Eastern TimeHow:By conference call or from a simultaneous web castAccess:Conference Call Dial-In:1-833-630-0464 1-412-317-1809 – Outside the U.S. & Canada Webcast: https://app.webinar.net/0o75WawYdEm Dimitar Karaivanov, President and Chief Executive Officer, and Joseph E. Sutaris, Executive Vice President and Chief Financial Of
Community Financial System, Inc. (the "Company") (NYSE:CBU) reported third 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://communityfinancialsystem.com/news. An archived webcast of the earnings call will be available on this site for one full year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022473955/en/ Third Quarter 2024 Performance Summary Net income of $43.9 million, or $0.83 per fully diluted share, increased $0.01 per fully dilut
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Live Leadership Updates
Community Financial System, Inc. (the "Company") (NYSE:CBU) and its wholly owned banking subsidiary, Community Bank, N.A. (the "Bank"), announced the appointment of Marya Burgio Wlos as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of March 31, 2025. Joseph E. Sutaris, who previously notified the Company and the Bank of his intent to retire as Executive Vice President and Chief Financial Officer, will remain with the Company and the Bank through July 1, 2025 and will work closely with Ms. Wlos during the transition period. Ms. Wlos, age 47, has served as Managing Director and COO Investment Bank at M&T Bank since January 2021. Ms. Wlos serve
Community Financial System, Inc. (the "Company") (NYSE:CBU) announced today the appointment of Savneet Singh to its Board of Directors (the "Board") as a new independent director, effective as of October 1, 2024. Mr. Singh is the Chief Executive Officer ("CEO") and President of PAR Technology Corporation (NYSE:PAR) and President of ParTech, Inc. ("ParTech"). Headquartered in Upstate New York, PAR Technology Corporation ("PAR") is a global food service technology company providing leading omnichannel cloud-based software and hardware solutions to the restaurant and retail industries. Mr. Singh joined PAR's Board of Directors in April 2018, was appointed PAR's Interim CEO and President and I
Community Financial System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock. The dividend will be payable on July 10, 2024 to Shareholders of record as of June 14, 2024. The $0.45 cash dividend represents an annualized yield of 3.78% based on the closing share price of $47.64 on May 14, 2024. The Company also announced that its Shareholders voted in line with the Board of Directors' recommendations on all proposals at its Annual Shareholders' Meeting on May 15, 2024 and elected all twelve (12) of the directors standing for re-election for a one-year term. The Shareholders also (i) approved, on an advisory basi
Community Bank System, Inc. (NYSE:CBU) (the "Company") today announced that Community Bank, N.A., its wholly-owned banking subsidiary (the "Bank"), has appointed Michael T. Cerminaro as the President and Chief Executive Officer of Community Bank's Wealth Management division. This appointment and succession reflects the Company's long standing commitment to growth and investment in its wealth management business line. Dimitar Karaivanov, the Company's Executive Vice President and Chief Operating Officer, commented, "Mike brings a breadth and depth of experience and expertise to this role, making him an excellent choice to lead our wealth management business. With his proven track record of
Community Bank System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.44 per share on its common stock. The dividend will be payable on July 10, 2023 to Shareholders of record as of June 15, 2023. The $0.44 cash dividend represents an annualized yield of 3.85% based on the closing share price of $45.69 on May 16, 2023. The Company also announced that its Shareholders voted in line with the Board of Directors' recommendations on all proposals at its Annual Shareholders' Meeting on May 17, 2023 and elected all twelve (12) of the directors standing for re-election for a one-year term. The Shareholders also (i) approved, on an advisory basis, th
Community Bank System, Inc. (NYSE:CBU) (the "Company") announced two senior management changes. Joseph F. Serbun, President, Retail Banking, of the Company and its wholly-owned subsidiary, Community Bank, N.A. (the "Bank"), has decided to retire after more than 14 years of service. Mr. Serbun joined the Bank in January 2008 as Vice President and Commercial Team Leader, and was named to the executive management committee in 2010. Since 2010, he has served in important senior management roles including Chief Credit Officer, Chief Banking Officer, and President, Retail Banking, playing an instrumental role in the Bank's growth and success. Mr. Serbun will retire from his position effective
Community Bank System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.43 per share on its common stock. The dividend will be payable on July 11, 2022 to Shareholders of record as of June 15, 2022. The $0.43 cash dividend represents an annualized yield of 2.68% based on the closing share price of $64.23 on May 17, 2022. The Company also announced that the Shareholders voted in line with the Board of Directors' recommendations on all proposals at its Annual Shareholders' Meeting on May 18, 2022 and elected all thirteen (13) of the directors standing for re-election for a one-year term. The Shareholders also (i) approved, on an advisory basis, t
Community Bank System, Inc. (NYSE:CBU) (the "Company") announced today the appointment of Jeffery Knauss to its Board of Directors as a new independent director. Mr. Knauss has extensive experience in digital marketing and technology development having served as the CEO and co-founder of Digital Hyve, a digital marketing and advertising firm that was named the 52nd fastest growing private company in the United States by Inc. Magazine in 2018 and has remained on Inc.'s 5,000, a list of the fastest-growing privately held companies in the United States, for the following three years. In addition to his vast digital marketing and technology experience, Mr. Knauss has significant entrepreneurial
Community Bank System, Inc. (NYSE:CBU) (the "Company") is pleased to announce that Maureen Gillan-Myer will join the Company as its Executive Vice President and Chief Human Resources Officer ("CHRO"). Ms. Gillan-Myer has over 29 years of leadership and oversight experience with respect to all aspects of human capital management and is currently serving as HSBC USA's CHRO. Her appointment is effective October 1, 2021 and she will serve on the Company's executive management team. Ms. Gillan-Myer joined HSBC USA in 2003 and has served in various leadership roles with increasing responsibility over her career with HSBC, including her current position of CHRO in which she leads a team of over 1
Community Bank System, Inc. (NYSE:CBU) (the "Company") announced that it has declared a quarterly cash dividend of $0.42 per share on its common stock. The dividend will be payable on July 9, 2021 to Shareholders of record as of June 15, 2021. The $0.42 cash dividend represents an annualized yield of 2.17% based on the closing share price of $77.41 on May 12, 2021. The Company also announced that the Shareholders voted in line with the Board of Directors' recommendations on all proposals at its Annual Shareholders' Meeting on May 13, 2021 and elected all twelve (12) of the directors standing for re-election for a one-year term. The Shareholders also approved, on an advisory basis, the Comp