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Community Financial System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and governmental customers. The company operates in four segments: Banking, Employee Benefit Services, Insurance Services and Wealth Management Services. The Banking Segment offers lending and depository-related products and services; treasury management solutions and payment processing services, as well as certain corporate overhead-related expenses to individuals, businesses, and governmental units. The Employee Benefit Segment provides employee benefit trust, collective investment fund, retirement plan and health savings account administration, fund administration, transfer agency, actuarial, health and welfare consulting services and introducing broker-dealer services. The Insurance Services segment offers personal and commercial lines of insurance and other risk management products and services, as well as employee benefit related services. The Wealth Management Services provides wealth management, retirement planning, higher educational planning, fiduciary, risk management, trust services, and personal financial planning services. This segment also offers a range of investment products including stocks, bonds, exchange-traded funds, mutual funds, insurance, and advisory products. Community Financial System, Inc. was founded in 1866 and is headquartered in Syracuse, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $818M | - | $210M | $233M | 10.5% | 9.6% | 15.3% |
| 2024 | $746M | - | $182M | $222M | 10.4% | 14.5% | 38.3% |
| 2023 | $652M | - | $132M | $210M | 7.8% | -4.0% | -29.9% |
| 2022 | $679M | - | $188M | $202M | 12.1% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 679.36 | 651.88 | 746.30 | 818.29 |
| Operating Revenue | - | 679.36 | 651.88 | 746.30 | 818.29 |
| Selling General And Administration | - | 270.43 | 297.53 | 316.84 | 329.05 |
| Interest Income | - | 443.73 | 541.39 | 643.53 | 699.28 |
| Interest Expense | - | 23.10 | 104.10 | 194.41 | 192.72 |
| Net Interest Income | - | 420.63 | 437.28 | 449.12 | 506.55 |
| Pretax Income | - | 240.31 | 168.23 | 236.70 | 275.39 |
| Tax Provision | - | 52.23 | 36.31 | 54.22 | 64.94 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.02 | -2.17 | -0.14 | -1.21 |
| Net Income Continuous Operations | - | 188.08 | 131.92 | 182.48 | 210.46 |
| Net Income From Continuing And Discontinued Operation | - | 188.08 | 131.92 | 182.48 | 210.46 |
| Net Income From Continuing Operation Net Minority Interest | - | 188.08 | 131.92 | 182.48 | 210.46 |
| Net Income | - | 188.08 | 131.92 | 182.48 | 210.46 |
| Net Income Common Stockholders | - | 187.55 | 131.48 | 181.74 | 209.58 |
| Net Income Including Noncontrolling Interests | - | 188.08 | 131.92 | 182.48 | 210.46 |
| Normalized Income | - | 191.78 | 139.81 | 182.94 | 214.36 |
| Diluted NI Availto Com Stockholders | - | 187.55 | 131.48 | 181.74 | 209.58 |
| Basic Average Shares | - | 54.05 | 53.74 | 53.05 | 52.88 |
| Diluted Average Shares | - | 54.36 | 53.95 | 53.05 | 53.01 |
| Reconciled Depreciation | - | 30.43 | 28.35 | 28.66 | 30.20 |
| Total Unusual Items | - | -4.72 | -10.06 | -0.60 | -5.11 |
| Total Unusual Items Excluding Goodwill | - | -4.72 | -10.06 | -0.60 | -5.11 |
| Special Income Charges | - | -4.72 | -10.06 | -0.60 | -5.11 |
| Other Special Charges | -0.10 | - | 5.80 | 0.14 | -0.05 |
| Restructuring And Mergern Acquisition | - | 4.72 | 4.51 | 0.46 | 5.16 |
| Gain On Sale Of Security | - | -0.04 | -52.38 | 0.74 | 0.38 |
| Depreciation Amortization Depletion Income Statement | - | 15.21 | 14.51 | 14.26 | 13.85 |
| Depreciation And Amortization In Income Statement | - | 15.21 | 14.51 | 14.26 | 13.85 |
| General And Administrative Expense | - | 257.34 | 281.80 | 300.78 | 313.92 |
| Other Gand A | 51 | - | - | - | - |
| Salaries And Wages | - | 257.34 | 281.80 | 300.78 | 313.92 |
| Selling And Marketing Expense | - | 13.10 | 15.73 | 16.06 | 15.14 |
| Otherunder Preferred Stock Dividend | - | 0.53 | 0.45 | 0.74 | 0.87 |
| Amortization | - | 15.21 | 14.51 | 14.26 | 13.85 |
| Amortization Of Intangibles Income Statement | - | 15.21 | 14.51 | 14.26 | 13.85 |
| Occupancy And Equipment | - | 42.41 | 42.55 | 43.66 | 48.25 |
| Professional Expense And Contract Services Expense | - | 14.02 | 15.92 | 15.32 | 17.90 |
| Other Non Interest Expense | - | 77.47 | 91.86 | 96.15 | 107.11 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Community Financial System, Inc.this co. | CBU | $3.3B | 15.84↑ premium | 1.66 | 10.5% | - |
| First Interstate BancSystem, Inc. | FIBK | $3.5B | 11.49 | 1.01 | 8.8% | - |
| BankUnited, Inc. | BKU | $3.4B | 12.80 | 1.13 | 8.8% | - |
| First Hawaiian, Inc. | FHB | $3.3B | 11.99 | 1.20 | 10.0% | - |
| Assured Guaranty Ltd. | AGO |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $3.3B |
| 6.50 |
| 0.58 |
| 8.9% |
| - |
| Genworth Financial, Inc. | GNW | $3.2B | 14.56 | 0.37 | 2.5% | - |
| First Financial Bancorp. | FFBC | $3.2B | 12.54 | 1.16 | 9.2% | - |
| Park National Corporation | PRK | $3.1B | 17.38 | 2.31 | 13.3% | - |
| Simmons First National Corporation | SFNC | $3.1B | -7.86 | 0.91 | -11.6% | - |
| Peer Median | - | 12.27 | 1.07 | 8.8% | - | |