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 $1.48M. The average tenure of the management team and the board of directors is 2.4 years and 8.2 years respectively.
Key information
Dimitar Karaivanov
Chief executive officer
US$1.3m
Total compensation
| CEO salary percentage | 40.8% |
| CEO tenure | less than a year |
| CEO ownership | 0.04% |
| Management average tenure | 2.4yrs |
| Board average tenure | 8.2yrs |
Recent management updates
Recent updates
Community Financial System: Earnings Outlook Is Positive, But Stock Appears Fairly Valued (Rating Downgrade)
Nov 03Community Financial System: A Solid Dividend Aristocrat, But Still Too Expensive
Aug 11Community Financial System's (NYSE:CBU) Dividend Will Be Increased To $0.46
Jul 22
Community Bank System: The Cost Of Total Deposits Remains Incredibly Low
Jan 28The Community Bank System, Inc. (NYSE:CBU) Yearly Results Are Out And Analysts Have Published New Forecasts
Jan 26Community Bank: Upgrading To Buy But Keeping Earnings Estimate Largely Unchanged
Sep 15Community Bank System's (NYSE:CBU) Dividend Will Be Increased To $0.45
Sep 07Community Bank System (NYSE:CBU) Is Increasing Its Dividend To $0.45
Aug 01Community Bank System declares $0.44 dividend
Feb 15Community Bank System Q4 2022 Earnings Preview
Jan 23Community Bank System Enjoys A Bright Top Line Outlook But Appears Fairly Valued
Nov 14Community Bank System Non-GAAP EPS of $0.94 beats by $0.02, revenue of $175.37M beats by $2.01M
Oct 24Community Bank System's (NYSE:CBU) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 11Community Bank's Earnings Will Likely Grow Next Year But Stock Appears Overvalued
Jul 30Community Bank System's (NYSE:CBU) Dividend Will Be Increased To $0.44
Jul 24Community Bank System raises quarterly dividend by 2.3%
Jul 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$166m |
| Jun 30 2024 | n/a | n/a | US$166m |
| Mar 31 2024 | n/a | n/a | US$166m |
| Dec 31 2023 | US$1m | US$542k | US$131m |
| Sep 30 2023 | n/a | n/a | US$150m |
| Jun 30 2023 | n/a | n/a | US$155m |
| Mar 31 2023 | n/a | n/a | US$146m |
| Dec 31 2022 | US$1m | US$501k | US$188m |
| Sep 30 2022 | n/a | n/a | US$179m |
| Jun 30 2022 | n/a | n/a | US$175m |
| Mar 31 2022 | n/a | n/a | US$183m |
| Dec 31 2021 | US$2m | US$270k | US$189m |
Compensation vs Market: Dimitar's total compensation ($USD1.33M) is below average for companies of similar size in the US market ($USD6.57M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$1.33m | 0.041% $ 1.5m | |
| Executive VP | 6.4yrs | US$1.13m | 0.043% $ 1.5m | |
| Executive VP & Chief Human Resources Officer and Administration officer | 3.1yrs | US$848.44k | 0.011% $ 406.9k | |
| Senior VP & Chief Banking Officer | 2.8yrs | US$842.81k | 0.023% $ 806.3k | |
| Senior VP & Chief Accounting Officer | less than a year | no data | no data | |
| Senior VP | 7yrs | no data | no data | |
| Chief Compliance Officer | no data | no data | no data | |
| Executive VP & General Counsel | 2.4yrs | no data | 0.013% $ 466.5k | |
| Senior VP & Chief Risk Officer | 1.6yrs | no data | no data | |
| President & CEO of Wealth Management Division | 1.4yrs | no data | no data | |
| Corporate Secretary & Associate General Counsel | no data | no data | no data | |
| Vice President of Finance & Director of Financial Planning and Analysis | no data | no data | no data |
2.4yrs
Average Tenure
55.5yo
Average Age
Experienced Management: CBU's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$1.33m | 0.041% $ 1.5m | |
| Independent Chair of the Board | 8.9yrs | US$177.39k | 0.094% $ 3.4m | |
| Lead Independent Director | 4yrs | US$139.39k | 0.00072% $ 25.7k | |
| Independent Director | 21.8yrs | US$136.26k | 0.075% $ 2.7m | |
| Independent Director | 14.8yrs | US$147.39k | 0.24% $ 8.7m | |
| Independent Director | 14.8yrs | US$147.64k | 0.020% $ 725.0k | |
| Independent Director | 14.8yrs | US$141.76k | 0.13% $ 4.6m | |
| Independent Director | 14.8yrs | US$149.07k | 0.011% $ 395.1k | |
| Independent Director | 7.5yrs | US$144.39k | 0.035% $ 1.3m | |
| Independent Director | 5yrs | US$145.20k | 0.0057% $ 202.2k | |
| Independent Director | 2.9yrs | US$140.64k | 0.0040% $ 144.1k | |
| Independent Director | less than a year | no data | 0.00019% $ 6.8k |
8.2yrs
Average Tenure
59.5yo
Average Age
Experienced Board: CBU's board of directors are considered experienced (8.2 years average tenure).