Community Bank System
Market Cap
US$3.7b
Last Updated
2021/01/14 23:23 UTC
Data Sources
Company Financials +
Executive Summary
Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A. More Details
Rewards
Risk Analysis
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CBU's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
0.1%
CBU
3.1%
US Banks
0.6%
US Market
1 Year Return
-4.5%
CBU
-4.2%
US Banks
21.0%
US Market
Return vs Industry: CBU matched the US Banks industry which returned -5% over the past year.
Return vs Market: CBU underperformed the US Market which returned 22% over the past year.
Shareholder returns
| CBU | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.1% | 3.1% | 0.6% |
| 30 Day | 4.0% | 15.6% | 4.2% |
| 90 Day | 19.2% | 42.5% | 12.4% |
| 1 Year | -1.7%-4.5% | -0.7%-4.2% | 23.7%21.0% |
| 3 Year | 35.2%25.2% | 5.5%-3.5% | 47.4%37.6% |
| 5 Year | 121.6%94.9% | 96.6%71.7% | 131.6%105.9% |
Long-Term 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
1 day ago | Simply Wall St
How Does Community Bank System, Inc. (NYSE:CBU) Fare As A Dividend Stock?3 weeks ago | Simply Wall St
Don't Ignore The Fact That This Insider Just Sold Some Shares In Community Bank System, Inc. (NYSE:CBU)1 month ago | Simply Wall St
Community Bank System, Inc. (NYSE:CBU) Pays A US$0.42 Dividend In Just Three DaysValuation
Is Community Bank System undervalued compared to its fair value and its price relative to the market?
22.35x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CBU ($68.3) is trading above our estimate of fair value ($58.03)
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 (22.3x) compared to the US Banks industry average (12.2x).
PE vs Market: CBU is poor value based on its PE Ratio (22.3x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: CBU is poor value based on its PEG Ratio (72.8x)
Price to Book Ratio
PB vs Industry: CBU is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1x).
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?
0.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CBU's forecast earnings growth (0.3% per year) is below the savings rate (2%).
Earnings vs Market: CBU's earnings (0.3% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: CBU's earnings are forecast to grow, but not significantly.
Revenue vs Market: CBU's revenue (1.6% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: CBU's revenue (1.6% 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 (8.1%).
Next Steps
Past Performance
How has Community Bank System performed over the past 5 years?
14.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CBU has high quality earnings.
Growing Profit Margin: CBU's current net profit margins (27.9%) are lower than last year (29%).
Past Earnings Growth Analysis
Earnings Trend: CBU's earnings have grown by 14.3% per year over the past 5 years.
Accelerating Growth: CBU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CBU had negative earnings growth (-3.6%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).
Return on Equity
High ROE: CBU's Return on Equity (7.7%) is considered low.
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
Asset Level: CBU's Assets to Equity ratio (6.6x) is low.
Allowance for Bad Loans: CBU has a sufficient allowance for bad loans (201%).
Low Risk Liabilities: 95% of CBU's liabilities are made up of primarily low risk sources of funding.
Loan Level: CBU has an appropriate level of Loans to Assets ratio (53%).
Low Risk Deposits: CBU's Loans to Deposits ratio (66%) is appropriate.
Level of Bad Loans: CBU has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is Community Bank System current dividend yield, its reliability and sustainability?
2.46%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CBU's dividend (2.46%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: CBU's dividend (2.46%) is low compared to the top 25% of dividend payers in the US market (3.88%).
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 reasonable payout ratio (54%), CBU's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CBU's dividends in 3 years are forecast to be covered by earnings (58.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.0yrs
Average management tenure
CEO
Mark Tryniski (60 yo)
14.42yrs
Tenure
US$5,160,027
Compensation
Mr. Mark E. Tryniski has been the President and Chief Executive Officer at Community Bank System Inc., and its subsidiary, Community Bank, National Association (DeWitt, NY) since August 1, 2006. Mr. Trynis...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD5.16M) is about average for companies of similar size in the US market ($USD4.99M).
Compensation vs Earnings: Mark's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 14.42yrs | US$5.16m | 0.31% $ 11.5m | |
| Executive VP | 2.58yrs | US$1.07m | 0.015% $ 533.9k | |
| Executive VP & General Counsel | 13yrs | US$1.29m | 0.086% $ 3.1m | |
| Executive VP | 10.58yrs | US$811.68k | 0.025% $ 917.9k | |
| Senior VP & Chief Investment Officer | 29.67yrs | no data | no data | |
| Senior VP & CTO | 3.17yrs | no data | no data | |
| Senior VP & Chief Information Officer | 4.25yrs | no data | no data | |
| Chief Compliance Officer | no data | no data | no data | |
| Senior Vice President of Retail Banking | 16yrs | no data | no data | |
| Senior VP & Chief HR Officer | 15.92yrs | no data | no data | |
| President of Banking | 20.92yrs | US$655.68k | no data | |
| Senior Vice President and Director of Consumer Lending | 4.25yrs | no data | no data |
13.0yrs
Average Tenure
59yo
Average Age
Experienced Management: CBU's management team is seasoned and experienced (13 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 14.42yrs | US$5.16m | 0.31% $ 11.5m | |
| Independent Director | 5.08yrs | US$91.72k | 0.088% $ 3.2m | |
| Independent Director | 3.67yrs | US$101.72k | 0.028% $ 1.0m | |
| Independent Director | 0.17yr | no data | 0.00071% $ 26.0k | |
| Independent Director | 17.17yrs | US$108.72k | 0.12% $ 4.4m | |
| Independent Chair of the Board | 4yrs | US$136.72k | 0.10% $ 3.8m | |
| Independent Director | 10.92yrs | US$106.22k | 0.20% $ 7.2m | |
| Independent Director | 10.92yrs | US$105.72k | 0.012% $ 428.2k | |
| Independent Director | 10.92yrs | US$106.31k | 0.12% $ 4.4m | |
| Lead Independent Director | 3yrs | US$111.31k | 0.0027% $ 97.6k | |
| Independent Director | 3.67yrs | US$98.52k | 0.028% $ 1.0m | |
| Independent Director | 1.17yrs | US$5.83k | 0.0019% $ 71.3k |
4.5yrs
Average Tenure
60.5yo
Average Age
Experienced Board: CBU's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CBU insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.
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$3.657b
- Shares outstanding: 53.54m
- 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 opera...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/14 23:23 |
| End of Day Share Price | 2021/01/14 00:00 |
| Earnings | 2020/09/30 |
| 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.