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Community Bank System Inc   (CBU)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

CBU's Net Income Growth by Quarter and Year

Community Bank System Inc 's Net Income results by quarter and year




CBU Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 52.53 43.56 42.81
III Quarter September 44.13 48.69 45.34 35.25
II Quarter June 48.29 39.81 47.94 40.13
I Quarter March 5.80 47.06 52.85 42.88
FY   98.22 188.09 189.69 161.07



CBU Net Income third quarter 2023 Y/Y Growth Comment
Community Bank System Inc reported decrease in Net Income in the third quarter 2023 by -9.37% to $ 44.13 millions, from the same quarter in 2022.
The decrease in the third quarter 2023 Community Bank System Inc 's Net Income compares unfavorably to the Company's average Net Income increase of 10.13%.

Looking into third quarter 2023 results within Commercial Banks industry 34 other companies have achieved higher Net Income growth. While Community Bank System Inc ' s Net Income decline of -9.37% ranks overall at the positon no. 844 in the third quarter 2023.




CBU Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 20.59 % 1.75 % 9.15 %
III Quarter September -9.37 % 7.39 % 28.62 % -21.7 %
II Quarter June 21.3 % -16.96 % 19.46 % -4.34 %
I Quarter March -87.68 % -10.96 % 23.25 % 5.05 %
FY   - -0.84 % 17.77 % -3.56 %

Financial Statements
Community Bank System Inc 's third quarter 2023 Net Income $ 44.13 millions CBU's Income Statement
Community Bank System Inc 's third quarter 2022 Net Income $ 48.69 millions Quarterly CBU's Income Statement
New: More CBU's historic Net Income Growth >>


CBU Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - 7.89 % -3.93 % 21.45 %
III Quarter September -8.62 % 22.31 % -5.42 % -12.16 %
II Quarter June 732.59 % -15.41 % -9.29 % -6.41 %
I Quarter March -88.96 % 8.03 % 23.45 % 9.33 %
FY (Year on Year)   - -0.84 % 17.77 % -3.56 %




Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #35
Financial Sector #256
Overall #844

Net Income Y/Y Growth Statistics
High Average Low
97.92 % 10.13 % -20.16 %
(Jun 30 2018)  
Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #35
Financial Sector #256
Overall #844
Net Income Y/Y Growth Statistics
High Average Low
97.92 % 10.13 % -20.16 %
(Jun 30 2018)  

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Community Bank System Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
732.89 % 17.07 % -100 %
(Jun 30 2023)  


CBU's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2023 Community Bank System Inc disclosed drop in Net Income from the second quarter by -8.62% to $ 44.13 millions, from $ 48.29 millions achived in the previous quarter.

Some seasonal circumstance that usually elevate III. Quarter 2023 Net Income, were not able to salvage the III. Quarter for the Community Bank System Inc , Anika Patel, Commercial Banks industry consultant allocated in Bangalore pointed out, she mentioned certan skepticism for the Community Bank System Inc 's direction, she detected additional challenges down the road for CBU.

Within Commercial Banks industry 43 other companies have achieved higher Net Income quarter on quarter growth. While Community Bank System Inc 's Net Income growth quarter on quarter, overall rank is 1176.


Net Income Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #44
Financial Sector #399
Overall #1176
Net Income Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #44
Financial Sector #399
Overall #1176
Net Income Q/Q Growth Statistics
High Average Low
732.89 % 17.07 % -100 %
(Jun 30 2023)  


CBU's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2023 Community Bank System Inc disclosed drop in Net Income from the previous quarter by -8.62% to $ 44.13 millions, from $ 48.29 millions declared a quarter before.

Even periodic circumstance which usually fuel III. Quarter 2023 performance, were not able to salvage the III. Quarter for the Community Bank System Inc , Anika Patel, Commercial Banks industry consultant allocated in Bangalore wrote, she cited some skepticism towards Community Bank System Inc 's direction, she identified further challenges ahead for CBU.

Within Commercial Banks industry 43 other companies have achieved higher Net Income quarter on quarter growth. While Community Bank System Inc 's Net Income growth quarter on quarter, overall rank is 1176.


Community Bank System Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Net Income 12 Months Ending $ 150.75 $ 155.31 $ 146.82 $ 188.08 $ 179.12
Y / Y Net Income Growth (TTM) -15.84 % -11.64 % -20.16 % -0.85 % -5.2 %
Year on Year Net Income Growth Overall Ranking # 981 # 919 # 841 # 606 # 1094
Seqeuential Net Income Change (TTM) -2.94 % 5.78 % -21.94 % 5.01 % 1.91 %
Seq. Net Income Growth (TTM) Overall Ranking # 844 # 962 # 1015 # 875 # 1114




Cumulative Net Income growth Comment
Community Bank System Inc 's cumulative 12 months Net Income continue to fall, but on the faster rate at -15.84% year on year, at Sep 30 2023 compare to the -11.64% decrease at Jun 30 2023. If the Community Bank System Inc 's fiscal year would end at Sep 30 2023, annual Net Income would be $151 millions.

In the Financial sector 303 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 919 to 981.

Net Income TTM Q/Q Growth Statistics
High Average Low
97.92 %
10.13 %
-20.16 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 35
Financial Sector # 304
Overall # 981

Net Income TTM Y/Y Growth Statistics
High Average Low
97.92 %
10.13 %
-20.16 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 35
Sector # 256
S&P 500 # 844
Cumulative Net Income growth Comment
Community Bank System Inc 's cumulative 12 months Net Income continue to fall, but on the faster rate at -15.84% year on year, at Sep 30 2023 compare to the -11.64% decrease at Jun 30 2023. If the Community Bank System Inc 's fiscal year would end at Sep 30 2023, annual Net Income would be $151 millions.

In the Financial sector 303 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 919 to 981.

Net Income TTM Q/Q Growth Statistics
High Average Low
97.92 %
10.13 %
-20.16 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 35
Financial Sector # 304
Overall # 981

Net Income TTM Y/Y Growth Statistics
High Average Low
97.92 %
10.13 %
-20.16 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 35
Sector # 256
S&P 500 # 844




Other Net Income Growth
Commercial Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
CBU's Net Income Growth Ratio versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for CBU's Competitors
Net Income Growth for Community Bank System Inc 's Suppliers
Net Income Growth for CBU's Customers

You may also want to know
CBU's Annual Growth Rates CBU's Profitability Ratios CBU's Asset Turnover Ratio CBU's Dividend Growth
CBU's Roe CBU's Valuation Ratios CBU's Financial Strength Ratios CBU's Dividend Payout Ratio
CBU's Roa CBU's Inventory Turnover Ratio CBU's Growth Rates CBU's Dividend Comparisons



Companies with similar Net Income fall for the quarter ending Sep 30 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Sep 30 2023
Essent Group Ltd -0.05%$ -0.052 millions
Sierra Bancorp-0.50%$ -0.503 millions
Southern States Bancshares Inc -1.06%$ -1.060 millions
Apple Hospitality Reit Inc -1.07%$ -1.072 millions
Ally Financial Inc -1.10%$ -1.103 millions
Raymond James Financial Inc -1.14%$ -1.139 millions
Four Corners Property Trust Inc -1.47%$ -1.466 millions
Equifax inc -1.56%$ -1.558 millions
Aflac Incorporated-1.69%$ -1.692 millions
Crossfirst Bankshares inc -1.75%$ -1.750 millions
Blue Ocean Acquisition Corp-1.96%$ -1.963 millions
California Bancorp-2.19%$ -2.191 millions
Bank7 Corp -2.34%$ -2.338 millions
Hennessy Advisors Inc-2.40%$ -2.402 millions
East West Bancorp inc -2.57%$ -2.574 millions
Commerce Bancshares Inc -2.76%$ -2.763 millions
Amalgamated Financial Corp -2.77%$ -2.772 millions
Bar Harbor Bankshares-2.85%$ -2.852 millions
Stonex Group Inc -3.06%$ -3.059 millions
Webster Financial Corporation-3.20%$ -3.203 millions
Lamar Advertising Co-3.88%$ -3.882 millions
Diamondrock Hospitality Co-4.29%$ -4.290 millions
Csb Bancorp Inc-4.63%$ -4.630 millions
Silvercrest Asset Management Group Inc -4.66%$ -4.661 millions
Alerus Financial Corporation-4.76%$ -4.761 millions
New Peoples Bankshares Inc -4.83%$ -4.834 millions
Consumers Bancorp Inc-4.93%$ -4.931 millions
Stock Yards Bancorp Inc -5.07%$ -5.074 millions
Cf Bankshares Inc -5.13%$ -5.131 millions
Five Star Bancorp-5.63%$ -5.631 millions




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