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Community Bank System Inc   (CBU)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $45.8500 $-0.30 -0.650%
Day's High: $46.11 Week Perf: 0.79 %
Day's Low: $ 45.14 30 Day Perf: -4 %
Volume (M): 307 52 Wk High: $ 61.46
Volume (M$): $ 14,053 52 Wk Avg: $48.16
Open: $45.69 52 Wk Low: $35.38



 Market Capitalization (Millions $) 2,467
 Shares Outstanding (Millions) 54
 Employees 2,207
 Revenues (TTM) (Millions $) 641
 Net Income (TTM) (Millions $) 151
 Cash Flow (TTM) (Millions $) 208
 Capital Exp. (TTM) (Millions $) 17

Community Bank System Inc

Community Bank System, Inc. was incorporated on April 15, 1983, under the Delaware General Corporation Law. Its principal office is located at 5790 Widewaters Parkway, DeWitt, New York 13214. The Company is a registered financial holding company which wholly-owns two significant subsidiaries: Community Bank, N.A. (the “Bank” or “CBNA”), and Benefit Plans Administrative Services, Inc. (“BPAS”). BPAS owns four subsidiaries: Benefit Plans Administrative Services, LLC (“BPA”), a provider of defined contribution plan administration services; BPAS Actuarial & Pension Services, LLC (“BPAS-APS”) (formally known as Harbridge Consulting Group, LLC), a provider of actuarial and benefit consulting services; BPAS Trust Company of Puerto Rico, a Puerto Rican trust company; and Hand Benefits & Trust Company (“HB&T”), a provider of collective investment fund administration and institutional trust services. HB&T owns one subsidiary, Hand Securities, Inc. (“HSI”), an introducing broker dealer. The Company also wholly-owns two unconsolidated subsidiary business trusts formed for the purpose of issuing mandatorily-redeemable preferred securities which are considered Tier I capital under regulatory capital adequacy guidelines.

The Bank’s business philosophy is to operate as a community bank with local decision-making, principally in non-metropolitan markets, providing a broad array of banking and financial services to retail, commercial, and municipal customers. The Bank owns the following operating subsidiaries: The Carta Group, Inc. (“Carta Group”), CBNA Insurance Agency, Inc. (“CBNA Insurance”), CBNA Preferred Funding Corporation (“PFC”), CBNA Treasury Management Corporation (“TMC”), Community Investment Services, Inc. (“CISI”), Nottingham Advisors, Inc. (“Nottingham”), OneGroup NY, Inc. (“OneGroup”), Oneida Wealth Management, Inc. (“OWM”) and Oneida Preferred Funding II LLC (“OPFCII”). OneGroup and CBNA Insurance are full-service insurance agencies offering personal and commercial property insurance and other risk management products and services. PFC and OPFCII primarily act as investors in residential real estate loans and properties. TMC provides cash management, investment, and treasury services to the Bank. CISI, the Carta Group, and OWM provide broker-dealer and investment advisory services. Nottingham provides asset management services to individuals, corporations, corporate pension and profit sharing plans, and foundations.

Through the acquisition of Oneida, the Company acquired OneGroup and OWM as wholly-owned subsidiaries primarily engaged in offering insurance and investment advisory services. These subsidiaries complement the Company’s other non-banking financial services businesses.

On January 1, 2014, BPAS-APS, formerly known as Harbridge Consulting Group LLC, completed its acquisition of a professional services practice from EBS-RMSCO, Inc., a subsidiary of The Lifetime Healthcare Companies (“EBS-RMSCO”). This professional services practice, which provides actuarial valuation and consulting services to clients who sponsor pension and post-retirement medical and welfare plans, enhanced the Company’s participation in the Western New York marketplace.

On July 20, 2012, the Bank completed its acquisition of 16 retail branches in central, northern and western New York from HSBC Bank USA, N.A. (“HSBC”), acquiring approximately $106 million in loans and approximately $697 million of deposits. The assumed deposits consisted primarily of core deposits and the acquired loans consisted of in-market performing loans, primarily residential real estate loans. Under the terms of the purchase agreement, the Bank paid First Niagara Bank, N.A. (“First Niagara”), who acquired HSBC’s Upstate New York banking business and assigned its right to purchase the 16 branches to the Bank, a blended deposit premium of 3.4%.

On November 30, 2011, the Company, through its BPAS subsidiary, acquired in an all-cash transaction, certain assets and liabilities of CAI Benefits, Inc. (“CAI”), a provider of actuarial, consulting and retirement plan administration services, with offices in New York City and Northern New Jersey. The transaction added valuable service capacity and enhanced distribution prospects in support of the Company’s broader-based employee benefits business, including daily valuation plan and collective investment fund administration.





   Company Address: 5790 Widewaters Parkway DeWitt 13214 NY
   Company Phone Number: 445-2282   Stock Exchange / Ticker: NYSE CBU
   CBU is expected to report next financial results on February 29, 2024.


Customers Net Income fell by CBU's Customers Net Profit Margin fell to

-5.8 %

17.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Community Bank System Inc

Community Bank System Inc. Unleashes Impressive Revenue Surge in Q3 of 2023, Setting the Stage for Tremendous Growth

Community Bank System Inc. is a banking institution that operates in the United States. It provides a range of financial services, including commercial and retail banking, wealth management, and trust services. The company's financial performance for the third quarter of 2023 showed a revenue growth of 1.121%. However, despite this growth, there was a significant reduction in income of -8.89% compared to the same period the previous year.
During the third quarter of 2023, Community Bank System Inc. reported revenues of $172.49 million and earnings per share (EPS) of $0.82. These numbers represented a decrease of -1.156% in revenue and -7.87% in EPS compared to the previous financial reporting period. Net profits for the quarter were $44.129 million, a decline of -9.37% from the corresponding period a year before.

Community Bank System Inc

Community Bank System Inc Surges with Record Stock Performance Amidst Stellar Financial Results

Community Bank System Inc (CBU) has shown significant improvement in its stock performance over the past month, with a growth of 9.33%. This positive trend has also been reflected over the past 12 months, where the stock has increased by an impressive 67.33%. Additionally, CBU's stock is currently trading 24.9% higher than its 52-week low.
These improvements in stock performance can be attributed to various factors, including the company's strong financial performance. According to the Jun 30, 2023 report, CBU has experienced a notable increase in revenue, growing by 8.257% to reach $174.51 million compared to $161.20 million the previous year. This growth in revenue has been complemented by a rise in profitability, with CBU's profitability increasing by 21.92% to $0.89, compared to $0.73 in the previous financial reporting period.

Community Bank System Inc

Community Bank System Inc Faces Revenue Decline in Q1 2023, But Future Outlook Remains Optimistic

Despite Community Bank System Inc's first quarter financial report showing a significant decline in revenue, there are reasons to remain bullish about the company's future.
While revenue contracted by 24.188%, it is important to note that this decrease was largely due to external factors and macroeconomic conditions. The COVID-19 pandemic has had a significant impact on the banking industry, with many customers struggling financially and not able to repay loans and mortgages. As the economy gradually recovers, it is likely that Community Bank System Inc will see an improvement in revenue as customers begin to repay their debts.






 

Community Bank System Inc's Segments
 
 
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