{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-005762","form_type":"8-K","ticker":"CBU","cik":"0000723188","company_name":"COMMUNITY FINANCIAL SYSTEM, INC.","filed_at":"2024-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.756763+00:00","generated_at":"2026-06-06T20:18:41.375450+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Q4 EPS $0.71 down $0.26 YoY; record revenue $177M but net income $38.3M","bullets":["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%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-005762","json":"https://secwatch.observer/filing/0001104659-24-005762.json","markdown":"https://secwatch.observer/filing/0001104659-24-005762.md","text":"https://secwatch.observer/filing/0001104659-24-005762.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723188/000110465924005762/0001104659-24-005762-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723188/000110465924005762/tm243870d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T20:18:41.375450+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"36ec70bf15f40e5c91ce5d5775c34a7e71d7a385","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723188/000110465924005762/0001104659-24-005762-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$177.0 million"},{"label":"Net income","value":"$38.3 million"},{"label":"EPS","value":"$0.71 per fully diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3a26cae25a6147f8059772c0f54c7fd9c00caf21","claim":"COMMUNITY FINANCIAL SYSTEM, INC. reported full year ended December 31, 2023 results: net income $136.5 million, EPS $2.53 per fully diluted share.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723188/000110465924005762/0001104659-24-005762-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2023"},{"label":"Net income","value":"$136.5 million"},{"label":"EPS","value":"$2.53 per fully diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}