Community Financial System, Inc.

NYSE:CBU Stock Report

Market Cap: US$3.0b

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 $1.24M. The average tenure of the management team and the board of directors is 2.5 years and 8 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 tenure8yrs

Recent management updates

Recent updates

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
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 ($USD1.33M) is below average for companies of similar size in the US market ($USD6.73M).

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%
$ 1.2m
Joseph Sutaris
Executive VP6.3yrsUS$1.13m0.043%
$ 1.3m
Maureen Gillan-Myer
Executive VP & Chief Human Resources Officer2.9yrsUS$848.44k0.011%
$ 332.9k
Jeffrey Levy
Senior VP & Chief Banking Officer2.7yrsUS$842.81k0.023%
$ 679.0k
Aaron Friot
Senior VP6.8yrsno datano data
Dorothy Quarltere
Chief Compliance Officerno datano datano data
Michael Abdo
Executive VP & General Counsel2.3yrsno data0.013%
$ 392.6k
Daniel Bailey
Senior VP & Chief Risk Officer1.4yrsno datano data
Michael Cerminaro
President & CEO of Wealth Management Division1.3yrsno datano data
Danielle Cima
Corporate Secretary & Associate General Counselno datano datano data
Deresa Durkee
Corporate Controllerno datano datano data
Robert Frost
Vice President of Finance & Director of Financial Planning and Analysisno datano datano data

2.5yrs

Average Tenure

56yo

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%
$ 1.2m
Eric Stickels
Independent Chair of the Board8.8yrsUS$177.39k0.094%
$ 2.8m
Susan Skerritt
Lead Independent Director3.8yrsUS$139.39k0.00072%
$ 21.6k
Sally Steele
Independent Director21.7yrsUS$136.26k0.076%
$ 2.3m
Mark Bolus
Independent Director14.6yrsUS$147.39k0.25%
$ 7.4m
Neil Fesette
Independent Director14.6yrsUS$147.64k0.020%
$ 610.6k
John Parente
Independent Director14.6yrsUS$141.76k0.13%
$ 3.9m
John Whipple
Independent Director14.6yrsUS$149.07k0.011%
$ 332.6k
Raymond Pecor
Independent Director7.3yrsUS$144.39k0.035%
$ 1.1m
Kerrie MacPherson
Independent Director4.8yrsUS$145.20k0.0051%
$ 152.2k
Jeffery Knauss
Independent Director2.8yrsUS$140.64k0.0040%
$ 121.3k
Michele Sullivan
Independent Directorless than a yearno data0.00019%
$ 5.7k

8.0yrs

Average Tenure

59.5yo

Average Age

Experienced Board: CBU's board of directors are considered experienced (8 years average tenure).