Community Bank System Past Earnings Performance

Past criteria checks 3/6

Community Bank System's earnings have been declining at an average annual rate of -1.4%, while the Banks industry saw earnings growing at 12.7% annually. Revenues have been growing at an average rate of 3.5% per year. Community Bank System's return on equity is 10.1%, and it has net margins of 24.1%.

Key information

-1.4%

Earnings growth rate

-2.4%

EPS growth rate

Banks Industry Growth	10.6%
Revenue growth rate	3.5%
Return on equity	10.1%
Net Margin	24.1%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Community Bank System makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:CBY Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	691	167	416
31 Dec 23	641	131	414
30 Sep 23	641	150	405
30 Jun 23	639	155	397
31 Mar 23	626	146	393
31 Dec 22	665	188	381
30 Sep 22	649	179	376
30 Jun 22	636	175	370
31 Mar 22	631	183	360
31 Dec 21	629	189	355
30 Sep 21	625	192	350
30 Jun 21	618	190	343
31 Mar 21	597	177	337
31 Dec 20	582	164	336
30 Sep 20	576	161	333
30 Jun 20	572	157	330
31 Mar 20	584	167	330
31 Dec 19	581	169	323
30 Sep 19	573	166	317
30 Jun 19	567	170	311
31 Mar 19	560	170	309
31 Dec 18	559	168	306
30 Sep 18	554	199	305
30 Jun 18	549	191	300
31 Mar 18	536	164	292
31 Dec 17	507	150	282
30 Sep 17	479	105	265
30 Jun 17	450	96	253
31 Mar 17	427	105	244
31 Dec 16	421	103	237
30 Sep 16	410	97	235
30 Jun 16	395	95	225
31 Mar 16	381	93	216
31 Dec 15	365	91	205
30 Sep 15	360	94	202
30 Jun 15	358	91	202
31 Mar 15	357	91	201
31 Dec 14	356	91	201
30 Sep 14	370	83	199
30 Jun 14	365	83	198
31 Mar 14	376	80	197
31 Dec 13	420	78	196
30 Sep 13	400	82	195
30 Jun 13	396	78	191

Quality Earnings: CBY has high quality earnings.

Growing Profit Margin: CBY's current net profit margins (24.1%) are higher than last year (23.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CBY's earnings have declined by 1.4% per year over the past 5 years.

Accelerating Growth: CBY's earnings growth over the past year (13.8%) exceeds its 5-year average (-1.4% per year).

Earnings vs Industry: CBY earnings growth over the past year (13.8%) did not outperform the Banks industry 27%.

Community Bank System Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: US$0.77 (vs US$0.11 in 1Q 2023)

Community Bank System, Inc. to Report Q1, 2024 Results on Apr 23, 2024

Full year 2023 earnings released: EPS: US$2.45 (vs US$3.48 in FY 2022)

Full year 2023 earnings released: EPS: US$2.54 (vs US$3.48 in FY 2022)

Community Bank System, Inc. Reports Net Charge-Offs for the Fourth Quarter 2023

Community Bank System, Inc. to Report Fiscal Year 2023 Results on Jan 23, 2024

Recent updates

First quarter 2024 earnings released: EPS: US$0.77 (vs US$0.11 in 1Q 2023)

Community Bank System, Inc., Annual General Meeting, May 15, 2024

Community Bank System, Inc. to Report Q1, 2024 Results on Apr 23, 2024

Upcoming dividend of US$0.45 per share

Full year 2023 earnings released: EPS: US$2.45 (vs US$3.48 in FY 2022)

Fourth quarter dividend of US$0.45 announced

Fourth quarter dividend of US$0.45 announced

Community Bank System, Inc. Announces Quarterly Dividend, Payable on April 10, 2024

Community Bank Appoints Dan Kennell as New Commercial Banking Officer

Full year 2023 earnings released: EPS: US$2.54 (vs US$3.48 in FY 2022)

Community Bank System, Inc. Reports Net Charge-Offs for the Fourth Quarter 2023

Community Bank System, Inc. Elects Michele Sullivan as Independent Director, Effective as of February 1, 2024

Community Bank Names Jeff Levy as New Chief Banking Officer

Community Bank System, Inc. to Report Fiscal Year 2023 Results on Jan 23, 2024

Upcoming dividend of US$0.45 per share at 3.8% yield

Insufficient new directors

Community Bank System, Inc. Announces its Quarterly Dividend, Payable on January 10, 2024

Third quarter 2023 earnings released: EPS: US$0.82 (vs US$0.90 in 3Q 2022)

Community Bank System, Inc. Reports Net Charge-Offs for the Third Quarter 2023

Community Bank System, Inc. to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$0.45 per share at 4.0% yield

Community Bank System, Inc. Reports Unaudited Net Charge-Offs Results for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.90 (vs US$0.74 in 2Q 2022)

Community Bank System, Inc. Announces Increase to Its Quarterly Dividend, Payable on October 10, 2023

Community Bank System, Inc. and Community Bank, National Association Announces Executive Changes

Community Bank System, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Upcoming dividend of US$0.44 per share at 3.3% yield

Community Bank System, Inc. Declares Quarterly Cash Dividend, Payable on July 10, 2023

First quarter 2023 earnings released: EPS: US$0.11 (vs US$0.87 in 1Q 2022)

Independent Lead Director recently bought €101k worth of stock

Upcoming dividend of US$0.44 per share at 3.0% yield

Community Bank System, Inc. Announces Quarterly Dividend, Payable on April 10, 2023

Community Bank System, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$3.48 (vs US$3.51 in FY 2021)

Community Bank System, Inc. to Report Q4, 2022 Results on Jan 24, 2023

Upcoming dividend of US$0.44 per share

Community Bank System, Inc. Declares a Quarterly Cash Dividend, Payable on January 10, 2023

Third quarter 2022 earnings released: EPS: US$0.90 (vs US$0.84 in 3Q 2021)

Community Bank System, Inc. to Report Q3, 2022 Results on Oct 24, 2022

Upcoming dividend of US$0.44 per share

Community Bank System, Inc. and Community Bank, N.A. Announce Executive Changes

Community Bank System, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

Second quarter 2022 earnings released: EPS: US$0.74 (vs US$0.89 in 2Q 2021)

Community Bank System, Inc. Declares Quarterly Cash Dividend, Payable on October 10, 2022

Community Bank System, Inc. to Report Q2, 2022 Results on Jul 25, 2022

Upcoming dividend of US$0.43 per share

Independent Lead Director recently sold €122k worth of stock

Community Bank System, Inc. Declares Quarterly Cash Dividend on Its Common Stock, Payable on July 11, 2022

Community Bank System, Inc. Announces Executive Changes

Independent Lead Director recently sold €632k worth of stock

First quarter 2022 earnings released: EPS: US$0.87 (vs US$0.98 in 1Q 2021)

Community Bank System, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2022

Community Bank System, Inc. to Report Q1, 2022 Results on Apr 25, 2022

Community Bank System, Inc. to Report Q1, 2022 Results on Apr 25, 2022

Community Bank System, Inc. to Report Q1, 2022 Results on Apr 25, 2022

Upcoming dividend of US$0.43 per share

Independent Lead Director recently sold €216k worth of stock

Community Bank System, Inc. Announces Quarterly Dividend, Payable on April 11, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Community Bank System, Inc. Reports Net Charge-Off for the Fourth Quarter Ended December 31, 2021

Now 20% undervalued

Upcoming dividend of US$0.43 per share

Third quarter 2021 earnings released: EPS US$1.67 (vs US$0.80 in 3Q 2020)

Upcoming dividend of US$0.43 per share

Second quarter 2021 earnings released: EPS US$0.89 (vs US$0.67 in 2Q 2020)

Upcoming dividend of US$0.42 per share

Community Bank System, Inc. Declares Quarterly Cash Dividend, Payable on July 9, 2021

First quarter 2021 earnings released: EPS US$0.98 (vs US$0.77 in 1Q 2020)

Community Bank System Reports Net Charge-Offs for the First Quarter of 2021

Revenue & Expenses Breakdown
Beta