Community Financial System Management
Management criteria checks 4/4
Community Financial System's CEO is Dimitar Karaivanov, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $1.33M, comprised of 40.8% salary and 59.2% bonuses, including company stock and options. directly owns 0.041% of the company’s shares, worth €1.32M. The average tenure of the management team and the board of directors is 2.5 years and 8.3 years respectively.
Key information
Dimitar Karaivanov
Chief executive officer
US$1.3m
Total compensation
| CEO salary percentage | 40.8% |
| CEO tenure | less than a year |
| CEO ownership | 0.04% |
| Management average tenure | 2.5yrs |
| Board average tenure | 8.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$166m |
| Jun 30 2024 | n/a | n/a | US$166m |
| Mar 31 2024 | n/a | n/a | US$166m |
| Dec 31 2023 | US$1m | US$542k | US$131m |
| Sep 30 2023 | n/a | n/a | US$150m |
| Jun 30 2023 | n/a | n/a | US$155m |
| Mar 31 2023 | n/a | n/a | US$146m |
| Dec 31 2022 | US$1m | US$501k | US$188m |
| Sep 30 2022 | n/a | n/a | US$179m |
| Jun 30 2022 | n/a | n/a | US$175m |
| Mar 31 2022 | n/a | n/a | US$183m |
| Dec 31 2021 | US$2m | US$270k | US$189m |
Compensation vs Market: Dimitar's total compensation ($USD1.33M) is below average for companies of similar size in the German market ($USD1.93M).
Compensation vs Earnings: Dimitar's compensation has been consistent with company performance over the past year.
CEO
Dimitar Karaivanov (42 yo)
less than a year
Tenure
US$1,330,312
Compensation
Mr. Dimitar A. Karaivanov serves as President, CEO & Director at Community Financial System, Inc. (formerly known as Community Bank System, Inc.) & Community Bank, National Association since January 01, 20...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$1.33m | 0.041% € 1.3m | |
| Executive VP | 6.5yrs | US$1.13m | 0.047% € 1.5m | |
| Executive VP & Chief Human Resources Officer and Administration officer | 3.2yrs | US$848.44k | 0.011% € 363.9k | |
| Senior VP & Chief Banking Officer | 2.9yrs | US$842.81k | 0.023% € 721.1k | |
| Senior VP & Chief Accounting Officer | less than a year | no data | no data | |
| Senior VP | 7.1yrs | no data | no data | |
| Chief Compliance Officer | no data | no data | no data | |
| Executive VP & General Counsel | 2.5yrs | no data | 0.015% € 473.6k | |
| Senior VP & Chief Risk Officer | 1.7yrs | no data | no data | |
| President & CEO of Wealth Management Division | 1.5yrs | no data | no data | |
| Corporate Secretary & Associate General Counsel | no data | no data | no data | |
| Vice President of Finance & Director of Financial Planning and Analysis | no data | no data | no data |
2.5yrs
Average Tenure
55.5yo
Average Age
Experienced Management: CBY's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$1.33m | 0.041% € 1.3m | |
| Independent Chair of the Board | 9yrs | US$177.39k | 0.094% € 3.0m | |
| Lead Independent Director | 4.1yrs | US$139.39k | 0.00072% € 23.0k | |
| Independent Director | 21.9yrs | US$136.26k | 0.075% € 2.4m | |
| Independent Director | 14.8yrs | US$147.39k | 0.24% € 7.8m | |
| Independent Director | 14.8yrs | US$147.64k | 0.020% € 648.4k | |
| Independent Director | 14.8yrs | US$141.76k | 0.13% € 4.1m | |
| Independent Director | 14.8yrs | US$149.07k | 0.014% € 433.1k | |
| Independent Director | 7.6yrs | US$144.39k | 0.035% € 1.1m | |
| Independent Director | 5.1yrs | US$145.20k | 0.0057% € 180.8k | |
| Independent Director | 3yrs | US$140.64k | 0.0040% € 128.9k | |
| Independent Director | less than a year | no data | 0.00019% € 6.1k |
8.3yrs
Average Tenure
59.5yo
Average Age
Experienced Board: CBY's board of directors are considered experienced (8.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 11:08 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Community Financial System, Inc. is covered by 17 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Erik Zwick | Boenning & Scattergood, Inc. |
| Manuel Navas | D.A. Davidson & Co. |
| Russell Elliott Gunther | D.A. Davidson & Co. |