Community Financial System, Inc.

NYSE:CBU Stock Report

Market Cap: US$2.7b

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 $1.13M. The average tenure of the management team and the board of directors is 2.3 years and 7.9 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 tenure2.3yrs
Board average tenure7.9yrs

Recent management updates

Recent updates

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

Should You Be Adding Community Bank System (NYSE:CBU) To Your Watchlist Today?

Feb 09
Should You Be Adding Community Bank System (NYSE:CBU) To Your Watchlist Today?

Community Bank System (NYSE:CBU) Is Increasing Its Dividend To US$0.43

Nov 23
Community Bank System (NYSE:CBU) Is Increasing Its Dividend To US$0.43

Community Bank System (NYSE:CBU) Is Increasing Its Dividend To US$0.43

Sep 03
Community Bank System (NYSE:CBU) Is Increasing Its Dividend To US$0.43

Community Bank System: Valuation Is A Concern, But The Stock Is Worth Holding

Aug 03

CEO Compensation Analysis

How has Dimitar Karaivanov's remuneration changed compared to Community Financial System's earnings?
DateTotal CompensationSalaryCompany Earnings
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%
$ 1.1m
Joseph Sutaris
Executive VP6.1yrsUS$1.13m0.043%
$ 1.2m
Maureen Gillan-Myer
Executive VP & Chief Human Resources Officer2.8yrsUS$848.44k0.011%
$ 303.4k
Jeffrey Levy
Senior VP & Chief Banking Officer2.5yrsUS$842.81k0.023%
$ 618.9k
Aaron Friot
Senior VP6.7yrsno datano data
Dorothy Quarltere
Chief Compliance Officerno datano datano data
Michael Abdo
Executive VP & General Counsel2.1yrsno data0.013%
$ 358.1k
Daniel Bailey
Senior VP & Chief Risk Officer1.3yrsno datano data
Michael Cerminaro
President & CEO of Wealth Management Division1.1yrsno 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

2.3yrs

Average Tenure

56yo

Average Age

Experienced Management: CBU's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dimitar Karaivanov
Presidentless than a yearUS$1.33m0.041%
$ 1.1m
Eric Stickels
Independent Chair of the Board8.6yrsUS$177.39k0.094%
$ 2.6m
Susan Skerritt
Lead Independent Director3.7yrsUS$139.39k0.00072%
$ 19.8k
Sally Steele
Independent Director21.5yrsUS$136.26k0.075%
$ 2.1m
Mark Bolus
Independent Director14.4yrsUS$147.39k0.24%
$ 6.7m
Neil Fesette
Independent Director14.4yrsUS$147.64k0.020%
$ 556.5k
John Parente
Independent Director14.4yrsUS$141.76k0.13%
$ 3.6m
John Whipple
Independent Director14.4yrsUS$149.07k0.011%
$ 303.1k
Raymond Pecor
Independent Director7.2yrsUS$144.39k0.035%
$ 971.0k
Kerrie MacPherson
Independent Director4.7yrsUS$145.20k0.0050%
$ 138.5k
Jeffery Knauss
Independent Director2.6yrsUS$140.64k0.0040%
$ 110.8k
Michele Sullivan
Independent Directorless than a yearno data0.00019%
$ 5.2k

7.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: CBU's board of directors are considered experienced (7.9 years average tenure).


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