---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-006029"
form_type: "8-K"
ticker: "CBU"
cik: "0000723188"
company_name: "COMMUNITY FINANCIAL SYSTEM, INC."
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T11:13:52.911096+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CBU Q4 GAAP EPS $0.97, up 21% YoY; operating EPS $0.96; loan growth strong

## Summary
- Q4 GAAP EPS $0.97 vs $0.80 YoY; operating EPS $0.96 vs $0.81; full-year GAAP EPS $3.46 vs $3.48.
- Net interest income $112.2M (+17.2% YoY); total revenues $175.9M (+10.2%).
- Q4 loans grew $265.8M (3.1%); full-year loan growth $1.44B (19.5%).
- Provision for credit losses $2.8M; NPL ratio 0.38%; net charge-offs 0.09% annualized.
- Adjusted pre-tax pre-provision net revenue per share record $1.29 (+18.3% YoY).

## SEC filing metadata
- accession: 0001104659-23-006029
- form_type: 8-K
- ticker: CBU
- cik: 0000723188
- company_name: COMMUNITY FINANCIAL SYSTEM, INC.
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/723188/000110465923006029/0001104659-23-006029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723188/000110465923006029/tm234252d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-006029
- JSON: https://secwatch.observer/filing/0001104659-23-006029.json
- Plain text: https://secwatch.observer/filing/0001104659-23-006029.txt

## Key facts
- Earnings Releases
  COMMUNITY FINANCIAL SYSTEM, INC. reported full year 2022 results: EPS $3.46 per share.
  - Period: full year 2022
  - EPS: $3.46 per share
  - Result: reported results
  source text: Full year 2022 diluted earnings per share was $3.46
  evidence_url: https://www.sec.gov/Archives/edgar/data/723188/000110465923006029/0001104659-23-006029-index.htm
- Earnings Releases
  COMMUNITY FINANCIAL SYSTEM, INC. reported the quarter ended December 31, 2022 results: net income $52.5 million, EPS $0.97 per fully-diluted share.
  - Period: the quarter ended December 31, 2022
  - Net income: $52.5 million
  - EPS: $0.97 per fully-diluted share
  - Result: reported results
  source text: fourth quarter 2022 net income of $52.5 million, or $0.97 per fully-diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/723188/000110465923006029/0001104659-23-006029-index.htm

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