Community Financial System, Inc.

NYSE:CBU Stock Report

Market Cap: US$3.3b

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 $1.36M. 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 percentage40.8%
CEO tenureless than a year
CEO ownership0.04%
Management average tenure2.5yrs
Board average tenure8.3yrs

Recent management updates

Recent updates

Community Financial System: Earnings Outlook Is Positive, But Stock Appears Fairly Valued (Rating Downgrade)

Nov 03

Community Financial System: A Solid Dividend Aristocrat, But Still Too Expensive

Aug 11

Community Financial System's (NYSE:CBU) Dividend Will Be Increased To $0.46

Jul 22
Community Financial System's (NYSE:CBU) Dividend Will Be Increased To $0.46

Community Bank System: The Cost Of Total Deposits Remains Incredibly Low

Jan 28

The Community Bank System, Inc. (NYSE:CBU) Yearly Results Are Out And Analysts Have Published New Forecasts

Jan 26
The Community Bank System, Inc. (NYSE:CBU) Yearly Results Are Out And Analysts Have Published New Forecasts

Community Bank: Upgrading To Buy But Keeping Earnings Estimate Largely Unchanged

Sep 15

Community Bank System's (NYSE:CBU) Dividend Will Be Increased To $0.45

Sep 07
Community Bank System's (NYSE:CBU) Dividend Will Be Increased To $0.45

Community Bank System (NYSE:CBU) Is Increasing Its Dividend To $0.45

Aug 01
Community Bank System (NYSE:CBU) Is Increasing Its Dividend To $0.45

Community Bank System declares $0.44 dividend

Feb 15

Community Bank System Q4 2022 Earnings Preview

Jan 23

Community Bank System Enjoys A Bright Top Line Outlook But Appears Fairly Valued

Nov 14

Community Bank System Non-GAAP EPS of $0.94 beats by $0.02, revenue of $175.37M beats by $2.01M

Oct 24

Community Bank System's (NYSE:CBU) Shareholders Will Receive A Bigger Dividend Than Last Year

Sep 11
Community Bank System's (NYSE:CBU) Shareholders Will Receive A Bigger Dividend Than Last Year

Community Bank's Earnings Will Likely Grow Next Year But Stock Appears Overvalued

Jul 30

Community Bank System's (NYSE:CBU) Dividend Will Be Increased To $0.44

Jul 24
Community Bank System's (NYSE:CBU) Dividend Will Be Increased To $0.44

Community Bank System raises quarterly dividend by 2.3%

Jul 20

CEO Compensation Analysis

How has Dimitar Karaivanov's remuneration changed compared to Community Financial System's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$166m

Jun 30 2024n/an/a

US$166m

Mar 31 2024n/an/a

US$166m

Dec 31 2023US$1mUS$542k

US$131m

Sep 30 2023n/an/a

US$150m

Jun 30 2023n/an/a

US$155m

Mar 31 2023n/an/a

US$146m

Dec 31 2022US$1mUS$501k

US$188m

Sep 30 2022n/an/a

US$179m

Jun 30 2022n/an/a

US$175m

Mar 31 2022n/an/a

US$183m

Dec 31 2021US$2mUS$270k

US$189m

Compensation vs Market: Dimitar's total compensation ($USD1.33M) is below average for companies of similar size in the US market ($USD6.65M).

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

NamePositionTenureCompensationOwnership
Dimitar Karaivanov
Presidentless than a yearUS$1.33m0.041%
$ 1.4m
Joseph Sutaris
Executive VP6.5yrsUS$1.13m0.047%
$ 1.5m
Maureen Gillan-Myer
Executive VP & Chief Human Resources Officer and Administration officer3.2yrsUS$848.44k0.011%
$ 375.7k
Jeffrey Levy
Senior VP & Chief Banking Officer2.9yrsUS$842.81k0.023%
$ 744.4k
Deresa Durkee
Senior VP & Chief Accounting Officerless than a yearno datano data
Aaron Friot
Senior VP7.1yrsno datano data
Dorothy Quarltere
Chief Compliance Officerno datano datano data
Michael Abdo
Executive VP & General Counsel2.5yrsno data0.015%
$ 488.9k
Daniel Bailey
Senior VP & Chief Risk Officer1.7yrsno datano data
Michael Cerminaro
President & CEO of Wealth Management Division1.5yrsno datano data
Danielle Cima
Corporate Secretary & Associate General Counselno datano datano data
Robert Frost
Vice President of Finance & Director of Financial Planning and Analysisno datano datano data

2.5yrs

Average Tenure

55.5yo

Average Age

Experienced Management: CBU's management team is considered experienced (2.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Dimitar Karaivanov
Presidentless than a yearUS$1.33m0.041%
$ 1.4m
Eric Stickels
Independent Chair of the Board9yrsUS$177.39k0.094%
$ 3.1m
Susan Skerritt
Lead Independent Director4.1yrsUS$139.39k0.00072%
$ 23.7k
Sally Steele
Independent Director21.9yrsUS$136.26k0.075%
$ 2.5m
Mark Bolus
Independent Director14.8yrsUS$147.39k0.24%
$ 8.1m
Neil Fesette
Independent Director14.8yrsUS$147.64k0.020%
$ 669.3k
John Parente
Independent Director14.8yrsUS$141.76k0.13%
$ 4.3m
John Whipple
Independent Director14.8yrsUS$149.07k0.014%
$ 447.1k
Raymond Pecor
Independent Director7.6yrsUS$144.39k0.035%
$ 1.2m
Kerrie MacPherson
Independent Director5.1yrsUS$145.20k0.0057%
$ 186.7k
Jeffery Knauss
Independent Director3yrsUS$140.64k0.0040%
$ 133.0k
Michele Sullivan
Independent Directorless than a yearno data0.00019%
$ 6.3k

8.3yrs

Average Tenure

59.5yo

Average Age

Experienced Board: CBU's board of directors are considered experienced (8.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:06
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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 18 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.

AnalystInstitution
Erik ZwickBoenning & Scattergood, Inc.
Manuel NavasD.A. Davidson & Co.
Russell Elliott GuntherD.A. Davidson & Co.