CBU Q3 net income falls to $44.1M ($0.82 EPS) from $48.7M YoY; loans up 3% QoQ

COMMUNITY FINANCIAL SYSTEM, INC.

2023-Q3 EPS reported $1.82

GAAP net income $44.1M ($0.82 diluted EPS) vs. $48.7M ($0.90) a year ago; operating net income $44.2M ($0.82).
Total ending loans $9.45B, up $279M (+3.0%) from prior quarter, ninth consecutive quarter of loan growth.
Total deposits $13.03B, up $159M (+1.2%) from prior quarter and flat vs. Dec. 2022.
Financial Services revenue $50.0M, a quarterly record, up $3.3M (+7.1%) YoY.
Annualized net charge-offs 0.05%; Tier 1 Leverage ratio 9.44%, up 9 bps from prior quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMMUNITY FINANCIAL SYSTEM, INC. reported third quarter 2023 results: net income $44.1 million, EPS $0.82 per fully diluted share.

Period: third quarter 2023
Net income: $44.1 million
EPS: $0.82 per fully diluted share
Result: reported results

Exact text from the filing

Community Bank System, Inc. (the "Company") (NYSE: CBU) reported third quarter 2023 results that are included in the attached supplement.

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COMMUNITY FINANCIAL SYSTEM, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-110973

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