Community Financial System, Inc. (CBU)

CBU Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	561.17	545.77	445.17	335.08	308.36	314.78
Interest Income on Investments	97.34	97.76	96.22	108.65	79.07	74.5
Total Interest Income	658.52	643.53	541.39	443.73	387.42	389.28
Interest Paid on Deposits	161.29	159.52	85.34	15.04	11.63	16.76
Interest Paid on Borrowings	34.89	34.89	18.77	8.06	1.38	4.11
Total Interest Expense	196.18	194.41	104.1	23.1	13.01	20.88
Net Interest Income	462.34	449.12	437.29	420.63	374.41	368.4
Net Interest Income Growth (YoY)	6.71%	2.71%	3.96%	12.34%	1.63%	2.57%
Trust Income	37.32	36.67	31.94	31.67	33.24	27.88
Mortgage Banking Activities	5.07	4.42	0.6	0.39	1.77	5.3
Gain (Loss) on Sale of Investments	0.97	0.74	-52.38	-0.04	0.02	-0.01
Other Non-Interest Income	192.76	188.74	171.37	159.86	151.99	137.45
Total Non-Interest Income	302.94	297.19	214.59	258.73	246.24	228
Non-Interest Income Growth (YoY)	11.53%	38.49%	-17.06%	5.07%	8.00%	-1.14%
Revenues Before Loan Losses	765.28	746.3	651.88	679.36	620.65	596.4
Provision for Loan Losses	23.32	22.77	11.2	14.77	-8.84	14.21
Revenue	741.96	723.53	640.67	664.58	629.49	582.19
Revenue Growth (YoY)	7.37%	12.93%	-3.60%	5.58%	8.12%	0.14%
Salaries and Employee Benefits	290.06	286.68	266	243.14	228.8	216.08
Occupancy Expenses	34.28	32.94	33.06	33.67	32.65	31.31
Amortization of Goodwill & Intangibles	14.17	14.26	14.51	15.21	14.05	14.3
Selling, General & Administrative	120.41	118.04	114.53	104.15	93.34	88.55
Other Non-Interest Expense	34.33	34.11	32.78	23.37	18.5	18.42
Total Non-Interest Expense	493.24	486.03	460.88	419.55	387.34	368.65
EBT Excluding Unusual Items	248.73	237.5	179.8	245.04	242.15	213.54
Legal Settlements	-0.14	-0.14	-5.8	-	0.1	-2.95
Other Unusual Items	-0.44	-0.44	-4.54	0.3	-0.2	0.42
Pretax Income	247.93	236.71	168.23	240.31	241.35	206.08
Income Tax Expense	56.71	54.22	36.31	52.23	51.65	41.4
Net Income	191.22	182.48	131.92	188.08	189.69	164.68
Preferred Dividends & Other Adjustments	0.74	0.74	0.45	0.53	0.45	0.51
Net Income to Common	190.48	181.74	131.48	187.55	189.25	164.16
Net Income Growth	14.51%	38.32%	-29.86%	-0.85%	15.19%	-2.60%
Basic Shares Outstanding	53	53	54	54	54	53
Diluted Shares Outstanding	53	53	54	54	54	53
Shares Change (YoY)	-1.39%	-1.57%	-0.89%	-0.35%	2.02%	2.05%
EPS (Basic)	3.62	3.44	2.45	3.48	3.51	3.10
EPS (Diluted)	3.61	3.44	2.45	3.46	3.48	3.08
EPS Growth	16.35%	40.41%	-29.19%	-0.57%	12.99%	-4.64%
Dividend Per Share	1.830	1.820	1.780	1.740	1.700	1.660
Dividend Growth	2.23%	2.25%	2.30%	2.35%	2.41%	5.06%
Effective Tax Rate	22.87%	22.91%	21.58%	21.73%	21.40%	20.09%

Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q