Community Financial System, Inc. (CBU)

CBU Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	523.52	445.17	335.08	308.36	314.78	308.21
Interest Income on Investments	96.4	96.22	108.65	79.07	74.5	77.52
Total Interest Income	619.92	541.39	443.73	387.42	389.28	385.73
Interest Paid on Deposits	149.67	85.34	15.04	11.63	16.76	20.46
Interest Paid on Borrowings	31.92	18.77	8.06	1.38	4.11	6.09
Total Interest Expense	181.59	104.1	23.1	13.01	20.88	26.55
Net Interest Income	438.33	437.29	420.63	374.41	368.4	359.18
Net Interest Income Growth (YoY)	-0.45%	3.96%	12.34%	1.63%	2.57%	4.09%
Trust Income	34.7	31.94	31.67	33.24	27.88	25.87
Mortgage Banking Activities	3.87	0.6	0.39	1.77	5.3	0.52
Gain (Loss) on Sale of Investments	0.55	-52.38	-0.04	0.02	-0.01	4.9
Other Non-Interest Income	183.73	171.37	159.86	151.99	137.45	133.72
Total Non-Interest Income	288.64	214.59	258.73	246.24	228	230.62
Non-Interest Income Growth (YoY)	37.10%	-17.06%	5.07%	8.00%	-1.14%	2.78%
Revenues Before Loan Losses	726.98	651.88	679.36	620.65	596.4	589.79
Provision for Loan Losses	20.64	11.2	14.77	-8.84	14.21	8.43
Revenue	706.34	640.67	664.58	629.49	582.19	581.36
Revenue Growth (YoY)	10.20%	-3.60%	5.58%	8.12%	0.14%	4.08%
Salaries and Employee Benefits	280.53	266	243.14	228.8	216.08	208.62
Occupancy Expenses	33.89	33.06	33.67	32.65	31.31	30.87
Amortization of Goodwill & Intangibles	14.39	14.51	15.21	14.05	14.3	15.96
Selling, General & Administrative	115.79	114.53	104.15	93.34	88.55	83.89
Other Non-Interest Expense	34.85	32.78	23.37	18.5	18.42	24.09
Total Non-Interest Expense	479.44	460.88	419.55	387.34	368.65	363.42
EBT Excluding Unusual Items	226.9	179.8	245.04	242.15	213.54	217.95
Legal Settlements	-6.02	-5.8	-	0.1	-2.95	-
Other Unusual Items	-3.54	-4.54	0.3	-0.2	0.42	-
Pretax Income	215.96	168.23	240.31	241.35	206.08	209.34
Income Tax Expense	49.57	36.31	52.23	51.65	41.4	40.28
Net Income	166.39	131.92	188.08	189.69	164.68	169.06
Preferred Dividends & Other Adjustments	0.64	0.45	0.53	0.45	0.51	0.4
Net Income to Common	165.75	131.48	187.55	189.25	164.16	168.66
Net Income Growth	10.38%	-29.86%	-0.85%	15.19%	-2.59%	0.25%
Basic Shares Outstanding	53	54	54	54	53	52
Diluted Shares Outstanding	53	54	54	54	53	52
Shares Change (YoY)	-1.54%	-0.89%	-0.35%	2.02%	2.05%	0.97%
EPS (Basic)	3.13	2.45	3.48	3.51	3.10	3.26
EPS (Diluted)	3.13	2.45	3.46	3.48	3.08	3.23
EPS Growth	12.06%	-29.19%	-0.57%	12.99%	-4.64%	-0.31%
Dividend Per Share	1.810	1.780	1.740	1.700	1.660	1.580
Dividend Growth	2.26%	2.30%	2.35%	2.41%	5.06%	9.72%
Effective Tax Rate	22.95%	21.58%	21.74%	21.40%	20.09%	19.24%

Source: S&P Capital IQ. Banks template. Financial Sources.