---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-082270"
form_type: "8-K"
ticker: "CBU"
cik: "0000723188"
company_name: "COMMUNITY FINANCIAL SYSTEM, INC."
filed_at: "2022-07-25T23:59:59+00:00"
generated_at: "2026-06-24T09:21:16.920388+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Community Bank System Q2 net income $39.8M, EPS $0.73, down 17% YoY

## Summary
- GAAP EPS $0.73 vs $0.88 a year ago; operating EPS (non-GAAP) $0.85 vs $0.88.
- Net interest income rose 12% to $103.1M; net interest margin increased to 2.89% from 2.79%.
- Completed Elmira Savings Bank acquisition; total loans up $722.4M (9.7%) vs Q1 2022.
- Provision for credit losses of $6.0M (incl. $3.9M acquisition-related) vs a $4.3M benefit in Q2 2021.
- Adjusted pre-tax pre-provision net revenue per share $1.13, up $0.07 from prior year.

## SEC filing metadata
- accession: 0001104659-22-082270
- form_type: 8-K
- ticker: CBU
- cik: 0000723188
- company_name: COMMUNITY FINANCIAL SYSTEM, INC.
- filed_at: 2022-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723188/000110465922082270/0001104659-22-082270-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723188/000110465922082270/tm2221692d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-082270
- JSON: https://secwatch.observer/filing/0001104659-22-082270.json
- Plain text: https://secwatch.observer/filing/0001104659-22-082270.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.