NYSE:CBU

Stock Analysis Report

Community Bank System

Executive Summary

Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Community Bank System's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

NYSE:CBU

1.1%

US Banks

0.5%

US Market


1 Year Return

6.9%

NYSE:CBU

-8.0%

US Banks

0.8%

US Market

CBU outperformed the Banks industry which returned -8% over the past year.

CBU outperformed the Market in United States of America which returned 0.8% over the past year.


Share holder returns

CBUIndustryMarket
7 Day0.9%1.1%0.5%
30 Day-0.9%-0.6%-0.06%
90 Day3.4%-2.8%1.0%
1 Year9.5%6.9%-5.5%-8.0%3.0%0.8%
3 Year72.9%60.9%57.1%46.4%47.3%37.5%
5 Year102.9%77.0%57.0%40.3%54.7%37.5%

Price Volatility Vs. Market

How volatile is Community Bank System's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Community Bank System undervalued based on future cash flows and its price relative to the stock market?

19.44x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Community Bank System's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Community Bank System's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Community Bank System is overvalued based on earnings compared to the US Banks industry average.

Community Bank System is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Community Bank System is poor value based on expected growth next year.


Price Based on Value of Assets

Community Bank System is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Community Bank System expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Community Bank System's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).

Community Bank System's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).

Community Bank System's revenue growth is positive but not above the United States of America market average.

Community Bank System's earnings growth is positive but not above the United States of America market average.

Community Bank System's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Community Bank System will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Community Bank System performed over the past 5 years?

18.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Community Bank System's year on year earnings growth rate has been positive over the past 5 years.

Community Bank System's 1-year earnings growth is less than its 5-year average (3.5% vs 18.4%)

Community Bank System's earnings growth has not exceeded the US Banks industry average in the past year (3.5% vs 39.5%).


Return on Equity

Community Bank System has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Community Bank System used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Community Bank System improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Community Bank System's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Community Bank System has an acceptable proportion of non-loan assets held.

Community Bank System has a sufficient allowance for bad loans.

Community Bank System's liabilities are made up of primarily low risk sources of funding.

Community Bank System's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Community Bank System are broadly funded by customer deposits.

Community Bank System has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Community Bank System's current dividend yield, its reliability and sustainability?

2.45%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Community Bank System's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).

Community Bank System's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Community Bank System's salary, the management and board of directors tenure and is there insider trading?

6.0yrs

Average management tenure


CEO

Mark Tryniski (58yo)

12.8yrs

Tenure

US$2,962,791

Compensation

Mr. Mark E. Tryniski has been the President and Chief Executive Officer at Community Bank System Inc., and its subsidiary, Community Bank, National Association (DeWitt, NY) since August 1, 2006. Mr. Trynis ...


CEO Compensation Analysis

Mark's remuneration is lower than average for companies of similar size in United States of America.

Mark's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.0yrs

Average Tenure

56yo

Average Age

The average tenure for the Community Bank System management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.4yrs

Average Tenure

57.5yo

Average Age

The tenure for the Community Bank System board of directors is about average.


Insider Trading

Community Bank System insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$200,96122 May 19
Michael Kallet
EntityIndividual
Role
Member of the Board of Directors
Shares3,100
Max PriceUS$64.83
SellUS$420,21220 Mar 19
Michael Kallet
EntityIndividual
Role
Member of the Board of Directors
Shares6,725
Max PriceUS$62.49
SellUS$706,07608 Feb 19
Mark Tryniski
EntityIndividual
Role
President
Member of the Board of Directors
Shares11,369
Max PriceUS$62.88
SellUS$103,36013 Dec 18
Michael Kallet
EntityIndividual
Role
Member of the Board of Directors
Shares1,700
Max PriceUS$60.80
SellUS$223,00202 Jul 18
Mark Bolus
EntityIndividual
Role
Member of the Board of Directors
Shares3,693
Max PriceUS$60.39

Ownership Breakdown


Management Team

  • Joe Getman (61yo)

    Executive VP & General Counsel

    • Tenure: 11.4yrs
    • Compensation: $881.93k
  • Scott Kingsley (53yo)

    Executive VP & COO

    • Tenure: 1.0yrs
    • Compensation: $1.33m
  • Joe Serbun (57yo)

    Executive VP & Chief Credit Officer

    • Tenure: 9.4yrs
    • Compensation: $673.34k
  • Joe Sutaris (51yo)

    Executive VP

    • Tenure: 1.0yrs
    • Compensation: $910.70k
  • Hal Wentworth (53yo)

    Senior Vice President of Retail Banking & Marketing

  • Susan Fox

    Senior VP & Chief Information Officer

    • Tenure: 2.7yrs
  • Aaron Friot

    Senior VP & CTO

    • Tenure: 1.6yrs
  • Joseph Lemchak (56yo)

    Senior VP & Chief Investment Officer

    • Tenure: 28.1yrs
  • Mark Tryniski (58yo)

    President

    • Tenure: 12.8yrs
    • Compensation: $2.96m
  • Dorothy Quarltere

    Chief Compliance Officer


Board Members

  • Michael Kallet (68yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: $99.17k
  • Brian Ace (63yo)

    Director

    • Tenure: 15.6yrs
    • Compensation: $106.17k
  • Rick Stickels (57yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: $99.17k
  • Sally Steele (62yo)

    Chair of the Board

    • Tenure: 2.4yrs
    • Compensation: $134.17k
  • Neil Fesette (52yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: $103.17k
  • John Parente (51yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: $104.39k
  • Mark Bolus (52yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: $103.67k
  • John Whipple (62yo)

    Lead Director

    • Tenure: 1.4yrs
    • Compensation: $114.39k
  • Trey Pecor (48yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: $96.17k
  • Mark Tryniski (58yo)

    President

    • Tenure: 12.8yrs
    • Compensation: $2.96m

Company Information

Community Bank System, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Community Bank System, Inc.
  • Ticker: CBU
  • Exchange: NYSE
  • Founded: 1866
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$3.315b
  • Shares outstanding: 51.53m
  • Website: Click here

Number of Employees


Location

  • Community Bank System, Inc.
  • 5790 Widewaters Parkway
  • DeWitt
  • New York
  • 13214
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CBUNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1970
CBYDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1970

Biography

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 opera ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/15 23:35
End of Day Share Price2019/06/14 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.