Q4 EPS $0.71 down $0.26 YoY; record revenue $177M but net income $38.3M

COMMUNITY FINANCIAL SYSTEM, INC.

2023-FY EPS reported $2.45 revenue$652,119,000

GAAP EPS $0.71 vs $0.97 in Q4 2022; operating EPS $0.76 vs $0.96.
Total revenues $177.0M, a new quarterly record, up 0.6% YoY.
Loans grew 2.7% from prior quarter to $9.70B; deposits fell 0.8% to $12.93B.
Nonperforming loans rose to 0.56% of total loans from 0.39% in Q3 2023.
FDIC special assessment of $1.5M recognized in Q4; net interest margin 3.05%.

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 0.97

COMMUNITY FINANCIAL SYSTEM, INC. reported fourth quarter ended December 31, 2023 results: revenue $177.0 million, net income $38.3 million, EPS $0.71 per fully diluted share.

Period: fourth quarter ended December 31, 2023
Revenue: $177.0 million
Net income: $38.3 million
EPS: $0.71 per fully diluted share
Result: reported results

Exact text from the filing

of $181.3 million, or $3.36 per fully diluted share, was down $13.6 million, or $0.22 per fully diluted share, from full year 2022 · Total revenues for fourth quarter 2023 of $177.0 million, a new quarterly record for the Company, were up $1.0 million, or 0.6%, from the prior year’s fourth quarter and up $1.6 million, or 0.9%, from third quarter 2023 · Total

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Earnings Releases SEC 8-K Item 2.02 confidence 0.97

COMMUNITY FINANCIAL SYSTEM, INC. reported full year ended December 31, 2023 results: net income $136.5 million, EPS $2.53 per fully diluted share.

Period: full year ended December 31, 2023
Net income: $136.5 million
EPS: $2.53 per fully diluted share
Result: reported results

Exact text from the filing

Community Bank System, Inc. (the “Company”) (NYSE: CBU) reported fourth quarter 2023 net income of $38.3 million, or $0.71 per fully diluted share and full year 2023 net income of $136.5 million, or $2.53 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 0001104659-24-005762

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