Community Bank System
Market Cap
US$3.5b
Last Updated
2019/11/20 23:34 UTC
Data Sources
Company Financials +
Executive Summary
Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A.
Snowflake
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
-1.6%
CBU
0.1%
US Banks
0.5%
US Market
1 Year Return
6.5%
CBU
10.6%
US Banks
16.1%
US Market
Return vs Industry: CBU underperformed the US Banks industry which returned 10.6% over the past year.
Return vs Market: CBU underperformed the US Market which returned 16.1% over the past year.
Shareholder returns
| CBU | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | 0.1% | 0.5% |
| 30 Day | 2.5% | 4.1% | 3.9% |
| 90 Day | 8.7% | 15.7% | 6.6% |
| 1 Year | 9.1%6.5% | 13.9%10.6% | 18.7%16.1% |
| 3 Year | 27.4%18.6% | 37.0%27.5% | 47.2%37.7% |
| 5 Year | 103.3%77.7% | 70.7%51.9% | 61.5%43.7% |
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
Do Institutions Own Shares In Community Bank System, Inc. (NYSE:CBU)?2 weeks ago | Simply Wall St
Is It Too Late To Consider Buying Community Bank System, Inc. (NYSE:CBU)?Valuation
Is Community Bank System undervalued compared to its fair value and its price relative to the market?
20.78x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CBU ($67.08) is trading above our estimate of fair value ($50.94)
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 (20.8x) compared to the Banks industry average (12.6x).
PE vs Market: CBU is poor value based on its PE Ratio (20.8x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: CBU is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: CBU is overvalued based on its PB Ratio (1.9x) 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 (2.7%).
Earnings vs Market: CBU's earnings (4.8% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: CBU's earnings are forecast to grow, but not significantly.
Revenue vs Market: CBU's revenue (5% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: CBU's revenue (5% 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?
18.0%
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 (35.9%).
Past Earnings Growth Analysis
Earnings Trend: CBU's earnings have grown by 18% 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 (-16.4%) over the past year, making it difficult to compare to the Banks industry average (27.3%).
Return on Equity
High ROE: CBU's Return on Equity (9.1%) is considered low.
Return on Assets
Return on Capital Employed
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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 covered by short term assets (assets are 3.2x 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 (0.42%)
Next Steps
Dividend
What is Community Bank System's current dividend yield, its reliability and sustainability?
2.44%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CBU's dividend (2.44%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: CBU's dividend (2.44%) is low compared to the top 25% of dividend payers in the US market (3.65%).
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%), 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 (49.1% payout ratio).
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?
6.5yrs
Average management tenure
CEO
Mark Tryniski (59yo)
13.3yrs
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 ($USD5.09M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.5yrs
Average Tenure
58yo
Average Age
Experienced Management: CBU's management team is seasoned and experienced (6.5 years average tenure).
Board Age and Tenure
6.8yrs
Average Tenure
58.5yo
Average Age
Experienced Board: CBU's board of directors are considered experienced (6.8 years average tenure).
Insider Trading
Insider Buying: CBU insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,000 |
| Max Price | US$68.12 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,100 |
| Max Price | US$64.83 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 6,725 |
| Max Price | US$62.49 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 11,369 |
| Max Price | US$62.88 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,700 |
| Max Price | US$60.80 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
James Wears (70yo)
President of Banking
- Tenure: 0yrs
- Compensation: US$655.68k
Mark Tryniski (59yo)
President
- Tenure: 13.3yrs
- Compensation: US$2.96m
Joe Sutaris (52yo)
Executive VP
- Tenure: 1.4yrs
- Compensation: US$824.96k
Scott Kingsley (54yo)
Executive VP & COO
- Tenure: 1.4yrs
- Compensation: US$1.33m
Joe Getman (62yo)
Executive VP & General Counsel
- Tenure: 11.8yrs
- Compensation: US$881.93k
Joseph Lemchak (57yo)
Senior VP & Chief Investment Officer
- Tenure: 28.5yrs
Joe Serbun (58yo)
Executive VP & Chief Credit Officer
- Tenure: 9.8yrs
- Compensation: US$673.34k
Susan Fox
Senior VP & Chief Information Officer
- Tenure: 3.1yrs
Aaron Friot
Senior VP & CTO
- Tenure: 2yrs
Dorothy Quarltere
Chief Compliance Officer
- Tenure: 0yrs
Board Members
Michael Kallet (69yo)
Independent Director
- Tenure: 3.9yrs
- Compensation: US$99.17k
Rick Stickels (58yo)
Independent Director
- Tenure: 3.9yrs
- Compensation: US$99.17k
Mark Tryniski (59yo)
President
- Tenure: 13.3yrs
- Compensation: US$2.96m
Brian Ace (64yo)
Independent Director
- Tenure: 16yrs
- Compensation: US$106.17k
Sally Steele (63yo)
Chair of the Board
- Tenure: 2.8yrs
- Compensation: US$134.17k
Mark Bolus (53yo)
Independent Director
- Tenure: 9.8yrs
- Compensation: US$103.67k
Neil Fesette (53yo)
Independent Director
- Tenure: 9.8yrs
- Compensation: US$103.17k
John Parente (52yo)
Independent Director
- Tenure: 9.8yrs
- Compensation: US$104.39k
John Whipple (63yo)
Lead Director
- Tenure: 1.8yrs
- Compensation: US$114.39k
Trey Pecor (49yo)
Independent Director
- Tenure: 2.5yrs
- Compensation: US$96.17k
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$3.468b
- Shares outstanding: 51.70m
- 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 | 2019/11/20 23:34 |
| End of Day Share Price | 2019/11/20 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.