earnings
confidence high
sentiment neutral
materiality 0.65
Community Financial System Q3 EPS $0.83, revenue record $188.9M; loans up 2.3% QoQ
COMMUNITY FINANCIAL SYSTEM, INC.
2024-Q3 EPS reported
$2.50
revenue$550,016,000
- Net income $43.9M ($0.83 diluted EPS), up $0.01 YoY but down $0.08 from Q2.
- Total revenue $188.9M (record), up 7.7% YoY and 2.8% QoQ; net interest income $112.7M (record).
- Financial services revenues $55.8M (record), up 11.4% YoY.
- Loans $10.25B (+2.3% QoQ, +8.5% YoY); deposits $13.48B (+2.6% QoQ, +3.4% YoY).
- Tier 1 leverage ratio 9.12%, well above well-capitalized standard of 5.0%.