Community Bank System Q1 net income $5.8M ($0.11 EPS) vs $47.1M ($0.86) YoY; operating EPS $0.86

COMMUNITY FINANCIAL SYSTEM, INC.

2023-Q1 EPS reported $0.11

GAAP EPS $0.11, down from $0.86; includes $52.3M pre-tax loss on sale of AFS securities ($0.75/share hit).
Operating EPS (non-GAAP) $0.86, down $0.01 from Q1 2022.
Net interest margin 3.20%, up 47 bps YoY; total deposits +$98M (0.8%) from Dec 2022.
Provision for credit losses $3.5M vs $0.9M in Q1 2022 on weaker economic outlook.
Total liquidity $4.69B, over double uninsured deposits; loan growth $172.9M (2.0%) linked quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

COMMUNITY FINANCIAL SYSTEM, INC. reported First Quarter 2023 results: net income $5.8 million, EPS $0.11.

Period: First Quarter 2023
Net income: $5.8 million
EPS: $0.11
Result: reported results

Exact text from the filing

Community Bank System, Inc. (the “Company”) (NYSE: CBU) reported first quarter 2023 net income of $5.8 million, or $0.11 per fully-diluted share.

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

COMMUNITY FINANCIAL SYSTEM, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-049397

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