secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY FINANCIAL SYSTEM, INC. (CBU)
CIK:        0000723188
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0001104659-22-110801
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBU Q3 2022 EPS $0.90 (+8.4% YoY); record adjusted PPNR $1.25
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- GAAP and operating EPS of $0.90, up from $0.83 in Q3 2021; net income $48.7M.
- Net interest income $110.4M, +19.2% YoY; NIM expanded 29 bps to 3.03%.
- Loan growth of $398.9M (4.9% linked quarter) with increases in all five portfolios.
- Provision for credit losses of $5.1M vs $0.9M benefit YoY on loan growth and weaker forecast.
- Adjusted pre-tax pre-provision net revenue per share $1.25, a quarterly record, up 20.2% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723188/000110465922110801/0001104659-22-110801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723188/000110465922110801/tm2228760d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-110801

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer