secwatch.observer — SEC 8-K summary
======================================

Issuer:     COMMUNITY FINANCIAL SYSTEM, INC. (CBU)
CIK:        0000723188
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001104659-24-110432
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Community Financial System Q3 EPS $0.83, revenue record $188.9M; loans up 2.3% QoQ
--------------------------------------------------------------------------------

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723188/000110465924110432/0001104659-24-110432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723188/000110465924110432/tm2426598d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-110432

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer