Community Bank System
Market Cap
US$3.4b
Last Updated
2020/02/27 00:47 UTC
Data Sources
Company Financials +
Executive Summary
Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A.
Rewards
Risk Analysis
No risks detected for CBU from our risk checks.
Snowflake Analysis
Flawless balance sheet established 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
Stable Share Price: CBU has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-5.2%
CBU
-9.0%
US Banks
-7.6%
US Market
1 Year Return
1.0%
CBU
1.2%
US Banks
10.2%
US Market
Return vs Industry: CBU matched the US Banks industry which returned 2.3% over the past year.
Return vs Market: CBU underperformed the US Market which returned 10.5% over the past year.
Shareholder returns
| CBU | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.2% | -9.0% | -7.6% |
| 30 Day | -3.6% | -6.9% | -4.5% |
| 90 Day | -3.6% | -8.9% | -0.6% |
| 1 Year | 3.5%1.0% | 4.1%1.2% | 12.5%10.2% |
| 3 Year | 19.6%11.3% | 11.7%3.8% | 37.1%28.3% |
| 5 Year | 112.9%86.4% | 58.4%40.5% | 60.8%43.2% |
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
2 days ago | Simply Wall St
Why Community Bank System, Inc. (NYSE:CBU) Should Be In Your Dividend Portfolio2 weeks ago | Simply Wall St
When Should You Buy Community Bank System, Inc. (NYSE:CBU)?4 weeks ago | Simply Wall St
The Community Bank System (NYSE:CBU) Share Price Has Gained 94% And Shareholders Are Hoping For MoreValuation
Is Community Bank System undervalued compared to its fair value and its price relative to the market?
20.07x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CBU ($65.33) is trading above our estimate of fair value ($64.26)
Significantly Below Fair Value: CBU is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CBU is poor value based on its PE Ratio (20x) compared to the Banks industry average (12.2x).
PE vs Market: CBU is poor value based on its PE Ratio (20x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: CBU is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: CBU is overvalued based on its PB Ratio (1.8x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Community Bank System forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
4.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CBU's forecast earnings growth (4.8% per year) is above the savings rate (1.7%).
Earnings vs Market: CBU's earnings (4.8% per year) are forecast to grow slower than the US market (13.2% per year).
High Growth Earnings: CBU's earnings are forecast to grow, but not significantly.
Revenue vs Market: CBU's revenue (5.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: CBU's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CBU's Return on Equity is forecast to be low in 3 years time (8.9%).
Next Steps
Past Performance
How has Community Bank System performed over the past 5 years?
17.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CBU has high quality earnings.
Growing Profit Margin: CBU's current net profit margins (29.1%) are lower than last year (30.1%).
Past Earnings Growth Analysis
Earnings Trend: CBU's earnings have grown by 17.4% per year over the past 5 years.
Accelerating Growth: CBU's earnings growth over the past year (0.7%) is below its 5-year average (17.4% per year).
Earnings vs Industry: CBU earnings growth over the past year (0.7%) underperformed the Banks industry 12%.
Return on Equity
High ROE: CBU's Return on Equity (9.1%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: CBU has a low level of unsold assets or inventory.
Debt Coverage by Assets: CBU's debt is not covered by short term assets (assets are 0.7x debt).
Financial Institutions Analysis
Asset Level: CBU's level of assets compared to its equity is low.
Allowance for Bad Loans: CBU has a sufficient allowance for bad loans.
Low Risk Liabilities: CBU's liabilities are made up of primarily low risk sources of funding.
Loan Level: CBU has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CBU's loans are broadly funded by customer deposits.
Level of Bad Loans: CBU has an appropriate level of bad loans (0.35%)
Next Steps
Dividend
What is Community Bank System's current dividend yield, its reliability and sustainability?
2.51%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CBU's dividend (2.51%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: CBU's dividend (2.51%) is low compared to the top 25% of dividend payers in the US market (3.9%).
Stability and Growth of Payments
Stable Dividend: CBU's dividends per share have been stable in the past 10 years.
Growing Dividend: CBU's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.5%), CBU's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CBU's dividends in 3 years are forecast to be well covered by earnings (49.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.7yrs
Average management tenure
CEO
Mark Tryniski (59yo)
13.5yrs
Tenure
US$2,962,791
Compensation
Mr. Mark E. Tryniski has been the President and Chief Executive Officer at Community Bank System Inc., and its subsidiary, Community Bank, National Association (DeWitt, NY) since August 1, 2006. Mr. Trynis ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD2.96M) is below average for companies of similar size in the US market ($USD4.93M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.5yrs | US$2.96m | 0.29% $10.0m | |
| Executive VP | 1.7yrs | US$824.96k | 0.012% $410.3k | |
| Executive VP & COO | 1.7yrs | US$1.33m | 0.11% $3.8m | |
| Executive VP & General Counsel | 12.1yrs | US$881.93k | 0.085% $2.9m | |
| Executive VP & Chief Credit Officer | 10.1yrs | US$673.34k | 0.023% $793.2k | |
| Senior VP & Chief Investment Officer | 28.8yrs | no data | no data | |
| Senior VP & CTO | 2.3yrs | no data | no data | |
| Senior VP & Chief Information Officer | 3.3yrs | no data | no data | |
| Chief Compliance Officer | 0yrs | no data | no data | |
| Senior Vice President of Retail Banking & Marketing | 0yrs | no data | no data |
6.7yrs
Average Tenure
57yo
Average Age
Experienced Management: CBU's management team is seasoned and experienced (6.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.5yrs | US$2.96m | 0.29% $10.0m | |
| Independent Director | 4.2yrs | US$99.17k | 0.12% $4.0m | |
| Independent Director | 4.2yrs | US$99.17k | 0.089% $3.0m | |
| Independent Director | 16.3yrs | US$106.17k | 0.12% $3.9m | |
| Chair of the Board | 3.1yrs | US$134.17k | 0.12% $4.1m | |
| Independent Director | 10yrs | US$103.67k | 0.20% $6.7m | |
| Independent Director | 10yrs | US$103.17k | 0.016% $554.3k | |
| Independent Director | 10yrs | US$104.39k | 0.18% $6.1m | |
| Lead Director | 2.1yrs | US$114.39k | 0.00052% $17.6k | |
| Independent Director | 2.8yrs | US$96.17k | 0.024% $800.0k |
7.1yrs
Average Tenure
58.5yo
Average Age
Experienced Board: CBU's board of directors are considered experienced (7.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CBU insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$3.388b
- Shares outstanding: 51.79m
- Website: https://cbna.com
Number of Employees
Location
- Community Bank System, Inc.
- 5790 Widewaters Parkway
- DeWitt
- New York
- 13214
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CBU | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 1985 |
| CBY | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 1985 |
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 operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market accounts, as well as time deposits. It also provides loans comprising consumer mortgages; general purpose commercial and industrial loans, and mortgages on commercial properties; installment loans that are originated through selected dealerships and are secured by automobiles, marine, and other recreational vehicles; personal installment loans and lines of credit for consumers; and home equity products. In addition, the company offers broker-dealer and investment advisory services; and asset management services to individuals, corporations, corporate pension and profit sharing plans, and foundations, as well as operates as a full-service insurance agency that offers personal and commercial property insurance, and other risk management products and services. Further, it offers contribution plan administration services, actuarial and benefits consulting services, and collective investment fund administration and institutional trust services, as well as employee benefit trust, retirement plan administration, VEBA/HRA, and health and welfare consulting services. Additionally, the company provides wealth management, higher educational planning, fiduciary, risk management, and personal financial planning services; and investment alternatives, including stocks, bonds, mutual funds, and advisory products, as well as transfer agency and master recordkeeping services. As of December 31, 2018, it had 224 branches in Upstate New York, as well as Northeastern Pennsylvania, Vermont, and Western Massachusetts. Community Bank System, Inc. was founded in 1866 and is headquartered in DeWitt, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/27 00:47 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.