Community Financial System (CBU) Financials

$61.56 +1.81 (+3.03%)

As of 01:40 PM Eastern

Annual Income Statements for Community Financial System

This table shows Community Financial System's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	91	104	151	169	169	165	190	188	132	182
Consolidated Net Income / (Loss)	91	104	151	169	169	165	190	188	132	182
Net Income / (Loss) Continuing Operations	91	104	151	169	169	165	190	188	132	182
Total Pre-Tax Income	132	155	160	213	209	206	241	240	168	237
Total Revenue	372	430	518	569	590	597	621	679	652	746
Net Interest Income / (Expense)	248	274	316	345	359	368	374	421	437	449
Total Interest Income	260	285	329	363	386	389	387	444	541	644
Loans and Leases Interest Income	188	211	254	286	308	315	308	335	445	546
Investment Securities Interest Income	72	74	76	77	78	74	79	109	96	98
Total Interest Expense	11	11	14	18	27	21	13	23	104	194
Deposits Interest Expense	6.97	7.33	8.03	11	20	17	12	15	85	160
Long-Term Debt Interest Expense	4.23	3.97	5.75	7.02	6.09	4.11	1.38	8.06	19	35
Total Non-Interest Income	123	156	202	224	231	228	246	259	215	297
Service Charges on Deposit Accounts	3.35	82	94	101	98	90	93	107	110	117
Other Service Charges	58	7.48	5.47	3.57	4.36	3.75	3.67	4.64	6.32	7.51
Net Realized & Unrealized Capital Gains on Investments	-0.00	0.00	0.00	0.34	4.90	0.42	0.02	-0.04	-52	0.74
Other Non-Interest Income	62	66	103	119	124	135	149	147	150	172
Provision for Credit Losses	6.45	8.08	11	11	8.43	14	-8.84	15	11	23
Total Non-Interest Expense	233	267	347	345	372	377	388	424	473	487
Salaries and Employee Benefits	126	156	187	207	220	228	242	257	282	301
Net Occupancy & Equipment Expense	58	65	73	79	81	86	92	97	100	106
Marketing Expense	7.20	7.48	9.99	9.38	11	9.46	9.32	13	16	16
Other Operating Expenses	27	31	34	32	35	33	30	37	56	50
Amortization Expense	3.66	5.48	17	18	16	14	14	15	15	14
Restructuring Charge	7.04	1.71	26	-0.77	8.61	4.93	0.90	4.72	4.51	0.46
Income Tax Expense	41	51	9.25	44	40	41	52	52	36	54
Basic Earnings per Share	$2.21	$2.34	$3.07	$3.28	$3.26	$3.10	$3.51	$3.48	$2.45	$3.44
Weighted Average Basic Shares Outstanding	41.00M	44.09M	48.84M	51.17M	51.91M	53.68M	53.86M	53.77M	53.33M	52.71M
Diluted Earnings per Share	$2.19	$2.32	$3.03	$3.24	$3.23	$3.08	$3.48	$3.46	$2.45	$3.44
Weighted Average Diluted Shares Outstanding	41.00M	44.09M	48.84M	51.17M	51.91M	53.68M	53.86M	53.77M	53.33M	52.71M
Weighted Average Basic & Diluted Shares Outstanding	41.00M	44.09M	48.84M	51.17M	51.91M	53.68M	53.86M	53.77M	53.33M	52.71M
Cash Dividends to Common per Share	$1.22	$1.26	$1.32	$1.44	$1.58	$1.66	$1.70	$1.74	$1.78	$1.82

This table shows Community Financial System's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	49	53	5.80	48	44	34	41	48	44	50
Consolidated Net Income / (Loss)	49	53	5.80	48	44	34	41	48	44	50
Net Income / (Loss) Continuing Operations	49	53	5.80	48	44	34	41	48	44	50
Total Pre-Tax Income	62	67	6.97	61	56	44	53	62	57	65
Total Revenue	176	176	125	175	175	177	177	184	189	196
Net Interest Income / (Expense)	110	112	111	109	108	109	107	109	113	120
Total Interest Income	116	124	126	132	138	146	153	157	164	170
Loans and Leases Interest Income	88	96	100	107	115	122	127	133	140	145
Investment Securities Interest Income	27	28	26	24	22	24	25	24	23	25
Total Interest Expense	5.48	12	15	22	30	37	46	48	51	50
Deposits Interest Expense	3.86	5.93	9.93	19	25	32	37	40	41	42
Long-Term Debt Interest Expense	1.63	5.83	4.92	3.40	5.22	5.23	8.88	7.24	11	8.20
Total Non-Interest Income	65	64	13	66	68	68	70	74	76	76
Service Charges on Deposit Accounts	29	25	24	26	26	34	25	27	29	35
Other Service Charges	0.91	2.12	3.26	4.06	3.45	-4.45	3.66	3.19	4.62	-3.96
Net Realized & Unrealized Capital Gains on Investments	-0.00	-0.02	-52	-0.05	-0.05	0.05	0.02	0.64	-0.15	0.25
Other Non-Interest Income	36	36	38	36	38	38	41	43	43	45
Provision for Credit Losses	5.06	2.77	3.50	0.75	2.88	4.07	6.15	2.71	7.71	6.21
Total Non-Interest Expense	108	106	114	113	117	129	118	119	124	126
Salaries and Employee Benefits	66	64	71	68	71	72	73	73	78	76
Net Occupancy & Equipment Expense	25	24	24	25	26	25	26	26	26	27
Marketing Expense	3.62	3.12	2.90	4.57	4.63	3.64	3.05	4.14	4.37	4.51
Other Operating Expenses	9.59	11	12	11	12	22	13	11	12	14
Amortization Expense	3.84	3.79	3.67	3.71	3.58	3.56	3.58	3.88	3.37	3.44
Restructuring Charge	0.41	-0.35	0.06	1.00	0.08	3.37	0.04	0.10	-0.09	0.41
Income Tax Expense	14	15	1.18	13	12	10	12	14	13	15
Basic Earnings per Share	$0.90	$0.97	$0.11	$0.90	$0.82	$0.62	$0.77	$0.91	$0.83	$0.93
Weighted Average Basic Shares Outstanding	53.73M	53.77M	53.73M	53.53M	53.39M	53.33M	52.77M	52.54M	52.56M	52.71M
Diluted Earnings per Share	$0.90	$0.97	$0.11	$0.89	$0.82	$0.63	$0.76	$0.91	$0.83	$0.94
Weighted Average Diluted Shares Outstanding	53.73M	53.77M	53.73M	53.53M	53.39M	53.33M	52.77M	52.54M	52.56M	52.71M
Weighted Average Basic & Diluted Shares Outstanding	53.73M	53.77M	53.73M	53.53M	53.39M	53.33M	52.77M	52.54M	52.56M	52.71M

This table details how cash moves in and out of Community Financial System's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	15	21	47	-9.20	-6.80	1,441	229	-1,665	-19	6.04
Net Cash From Operating Activities	120	136	190	221	203	179	203	215	228	242
Net Cash From Continuing Operating Activities	120	136	190	221	203	179	203	215	228	242
Net Income / (Loss) Continuing Operations	91	104	151	169	169	165	190	188	132	182
Consolidated Net Income / (Loss)	91	104	151	169	169	165	190	188	132	182
Provision For Loan Losses	6.45	8.08	11	11	8.43	14	-8.84	15	11	23
Depreciation Expense	13	14	16	16	16	16	16	14	13	14
Amortization Expense	4.07	1.59	11	19	10	3.32	-7.93	-2.72	21	26
Non-Cash Adjustments to Reconcile Net Income	-0.35	2.44	3.73	-5.34	-1.28	0.58	3.98	4.98	58	2.75
Changes in Operating Assets and Liabilities, net	5.04	5.45	-2.60	13	0.24	-19	10	-4.92	-6.40	-5.20
Net Cash From Investing Activities	-274	-122	131	17	-157	-399	-1,531	-2,139	336	-836
Net Cash From Continuing Investing Activities	-274	-122	131	17	-157	-399	-1,531	-2,139	336	-836
Purchase of Property, Leasehold Improvements and Equipment	-12	-12	-11	-13	-5.69	-15	-13	-13	-19	-21
Purchase of Investment Securities	-654	-231	-47	-117	-957	-1,270	-1,944	-2,395	-1,000	-947
Sale of Property, Leasehold Improvements and Equipment	-	-	-	-	-	0.39	0.20	2.43	7.47	5.74
Sale and/or Maturity of Investments	392	118	187	147	804	886	427	267	1,347	127
Net Cash From Financing Activities	169	6.87	-274	-248	-52	1,660	1,557	259	-583	599
Net Cash From Continuing Financing Activities	169	6.87	-274	-248	-52	1,670	1,557	259	-583	599
Net Change in Deposits	239	202	-80	-122	104	1,714	1,686	-421	-84	514
Issuance of Debt	-	-	-	-	-	-8.30	0.00	768	-315	315
Issuance of Common Equity	26	19	15	19	14	16	9.82	1.18	1.02	7.09
Repayment of Debt	-37	-155	-145	-73	-64	-3.09	-82	-0.10	-15	-47
Repurchase of Common Equity	-9.13	-3.47	-3.31	-0.30	-0.29	-0.27	-5.11	-17	-30	-46
Payment of Dividends	-49	-55	-62	-71	-80	-87	-91	-93	-95	-96
Other Financing Activities, Net	-0.81	-1.42	1.87	-0.72	-26	39	40	21	-44	-47
Cash Interest Paid	11	11	14	18	25	21	14	23	100	193
Cash Income Taxes Paid	29	32	41	30	46	40	42	57	42	44

This table details how cash moves in and out of Community Financial System's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	50	-37	-21	33	233	-265	147	-137	145	-149
Net Cash From Operating Activities	44	72	77	41	65	45	80	40	57	66
Net Cash From Continuing Operating Activities	44	72	77	41	65	45	80	40	57	66
Net Income / (Loss) Continuing Operations	49	53	5.80	48	44	34	41	48	44	50
Consolidated Net Income / (Loss)	49	53	5.80	48	44	34	41	48	44	50
Provision For Loan Losses	5.06	2.77	3.50	0.75	2.88	4.07	6.15	2.71	7.71	6.21
Depreciation Expense	3.58	3.46	3.30	3.24	3.24	3.21	3.28	3.40	3.43	3.57
Amortization Expense	-0.77	-0.18	4.41	5.17	5.70	5.92	5.96	6.38	6.02	7.44
Non-Cash Adjustments to Reconcile Net Income	1.00	1.02	53	0.73	1.96	1.44	0.88	0.73	1.43	-0.28
Changes in Operating Assets and Liabilities, net	-13	12	6.99	-17	6.95	-3.64	23	-21	-5.63	-0.99
Net Cash From Investing Activities	-283	-254	596	160	-123	-297	-215	-171	-239	-211
Net Cash From Continuing Investing Activities	-283	-254	596	160	-123	-297	-215	-171	-239	-211
Purchase of Property, Leasehold Improvements and Equipment	-4.55	-2.91	-4.07	-2.87	-6.95	-4.70	-2.56	-6.01	-4.93	-7.20
Purchase of Investment Securities	-405	-306	-188	-199	-310	-303	-233	-212	-278	-225
Sale of Property, Leasehold Improvements and Equipment	1.45	0.50	1.63	2.73	1.54	1.57	1.22	0.43	1.44	2.66
Sale and/or Maturity of Investments	126	55	786	359	192	9.33	19	46	42	19
Net Cash From Financing Activities	288	145	-694	-168	291	-13	282	-5.43	327	-4.21
Net Cash From Continuing Financing Activities	288	145	-691	-171	291	-13	282	-5.43	327	-4.21
Net Change in Deposits	129	-474	98	-239	159	-103	424	-214	338	-34
Issuance of Debt	-66	768	-710	176	834	-615	-53	328	-25	65
Issuance of Common Equity	0.29	0.10	0.51	0.15	0.05	0.30	0.96	0.44	1.31	4.39
Repayment of Debt	120	-120	-2.22	-3.02	-769	759	-13	-11	-65	41
Repurchase of Common Equity	-0.06	-0.06	-11	-9.71	-5.16	-4.39	-35	-11	-0.05	-0.05
Payment of Dividends	-23	-24	-24	-24	-24	-24	-24	-24	-24	-24
Other Financing Activities, Net	129	-6.14	-43	-71	96	-26	-19	-73	100	-56
Cash Interest Paid	5.83	12	15	22	28	36	45	47	51	50
Cash Income Taxes Paid	16	16	1.07	17	11	12	3.36	13	16	11

This table presents Community Financial System's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	8,553	8,666	10,746	10,607	11,410	13,931	15,553	15,836	15,556	16,386
Cash and Due from Banks	153	174	221	212	205	1,646	1,875	210	191	197
Trading Account Securities	2,848	2,784	3,031	2,936	3,044	3,550	4,934	5,232	4,165	4,218
Loans and Leases, Net of Allowance	4,756	4,901	6,209	6,232	6,841	7,355	7,324	8,748	9,638	10,353
Loans and Leases	4,801	4,949	6,257	6,281	6,891	7,416	7,374	8,809	9,705	10,432
Allowance for Loan and Lease Losses	45	47	48	49	50	61	50	61	67	79
Premises and Equipment, Net	114	112	123	120	165	166	161	161	173	184
Goodwill	463	465	734	734	774	794	799	842	845	853
Intangible Assets	21	16	91	74	63	53	-	61	53	48
Other Assets	196	211	336	300	319	368	350	582	490	532
Total Liabilities & Shareholders' Equity	8,553	8,666	10,746	10,607	11,410	13,931	2,042	15,836	15,556	16,386
Total Liabilities	7,412	7,468	9,111	8,894	9,555	11,827	13,452	14,284	13,858	14,623
Non-Interest Bearing Deposits	1,500	1,646	2,293	2,313	2,466	3,362	-	4,141	3,639	3,557
Interest Bearing Deposits	5,374	5,430	6,151	6,010	6,529	7,863	-	8,872	9,290	9,884
Short-Term Debt	-	146	361	259	242	284	-	347	305	262
Accrued Interest Payable	135	144	181	157	215	231	-	134	164	183
Long-Term Debt	403	102	125	154	103	87	3.28	791	461	737
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,141	1,198	1,635	1,714	1,855	2,104	2,038	1,552	1,698	1,763
Total Preferred & Common Equity	1,141	1,198	1,635	1,714	1,855	2,104	2,101	1,552	1,698	1,763
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Common Equity	1,141	1,198	1,635	1,714	1,855	2,104	2,038	1,552	1,698	1,763
Common Stock	572	591	946	963	979	1,079	1,041	1,104	1,115	1,130
Retained Earnings	567	615	701	796	883	960	1,058	1,152	1,189	1,275
Treasury Stock	-18	-15	-21	-12	-6.82	-6.20	-11	-26	-56	-101
Accumulated Other Comprehensive Income / (Loss)	19	7.84	-3.70	-45	-10	62	-51	-686	-557	-548
Other Equity Adjustments	-	0.00	13	12	10	9.13	-	7.76	6.89	5.90

This table presents Community Financial System's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	15,595	15,256	15,108	15,386	15,859	15,907	16,405
Cash and Due from Banks	247	189	223	456	338	201	346
Trading Account Securities	5,171	4,576	4,169	3,960	4,081	4,167	4,205
Loans and Leases, Net of Allowance	0.00	0.00	9,107	9,385	9,813	9,952	10,176
Loans and Leases	-	-	9,171	9,450	9,884	10,024	10,252
Allowance for Loan and Lease Losses	-	-	63	65	70	71	76
Premises and Equipment, Net	162	159	158	175	171	178	178
Goodwill	845	843	844	845	850	852	852
Intangible Assets	64	58	58	56	55	54	48
Other Assets	9,105	9,431	549	509	550	502	599
Total Liabilities & Shareholders' Equity	15,595	15,256	15,108	15,386	15,859	15,907	16,405
Total Liabilities	14,133	13,622	13,491	13,831	14,202	14,237	14,620
Non-Interest Bearing Deposits	4,282	3,950	3,855	3,781	3,555	3,649	3,587
Interest Bearing Deposits	9,204	9,161	9,017	9,250	9,797	9,488	9,889
Short-Term Debt	353	305	233	330	287	215	317
Accrued Interest Payable	152	131	134	154	167	167	195
Long-Term Debt	143	76	251	317	395	717	631
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,461	1,634	1,617	1,555	1,657	1,670	1,785
Total Preferred & Common Equity	1,461	1,634	1,617	1,555	1,657	1,670	1,785
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,461	1,634	1,617	1,555	1,657	1,670	1,785
Common Stock	1,103	1,107	1,109	1,112	1,118	1,120	1,124
Retained Earnings	1,124	1,135	1,159	1,179	1,206	1,230	1,250
Treasury Stock	-26	-36	-46	-51	-89	-100	-100
Accumulated Other Comprehensive Income / (Loss)	-746	-578	-612	-692	-584	-586	-494
Other Equity Adjustments	7.70	6.73	6.79	6.84	5.76	5.80	5.85

This table displays calculated financial ratios and metrics derived from Community Financial System's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.28%	15.55%	20.62%	9.85%	3.63%	1.19%	3.99%	9.46%	-4.01%	14.44%
EBITDA Growth	1.30%	14.17%	9.51%	32.40%	-4.83%	-4.26%	10.49%	1.20%	-19.68%	36.44%
EBIT Growth	1.95%	16.93%	3.47%	33.15%	-1.71%	-1.56%	17.12%	-0.43%	-30.00%	40.70%
NOPAT Growth	-0.13%	13.79%	45.18%	11.89%	0.25%	-2.59%	15.19%	-0.85%	-29.86%	38.32%
Net Income Growth	-0.13%	13.79%	45.18%	11.89%	0.25%	-2.59%	15.19%	-0.85%	-29.86%	38.32%
EPS Growth	-1.35%	5.94%	30.60%	6.93%	-0.31%	-4.64%	12.99%	-0.57%	-29.19%	40.41%
Operating Cash Flow Growth	-2.08%	13.55%	39.70%	16.73%	-8.54%	-11.37%	12.85%	5.95%	6.44%	6.07%
Free Cash Flow Firm Growth	88.55%	911.03%	-360.15%	130.99%	-40.62%	-214.72%	607.18%	-170.82%	190.17%	-132.40%
Invested Capital Growth	8.13%	-6.32%	46.65%	0.29%	3.41%	12.51%	-15.00%	27.82%	-8.42%	12.12%
Revenue Q/Q Growth	1.77%	2.56%	6.37%	0.30%	1.42%	0.13%	1.48%	2.45%	0.16%	2.66%
EBITDA Q/Q Growth	-3.54%	5.76%	6.22%	5.33%	-5.34%	4.29%	-7.89%	12.96%	-8.02%	8.92%
EBIT Q/Q Growth	-1.96%	6.77%	5.25%	1.86%	0.11%	3.51%	-0.87%	4.66%	-12.26%	9.61%
NOPAT Q/Q Growth	-3.25%	6.48%	43.43%	-15.61%	1.23%	2.24%	-1.52%	5.01%	-12.49%	9.67%
Net Income Q/Q Growth	-3.25%	6.48%	43.43%	-15.61%	1.23%	2.24%	-1.52%	5.01%	-12.49%	9.67%
EPS Q/Q Growth	-4.37%	4.98%	38.99%	-16.92%	1.57%	1.65%	-1.97%	5.17%	-12.19%	9.90%
Operating Cash Flow Q/Q Growth	6.11%	-4.21%	11.05%	1.29%	10.89%	-9.70%	-2.28%	11.45%	-10.52%	9.51%
Free Cash Flow Firm Q/Q Growth	87.55%	-38.23%	-16.81%	-13.32%	137.32%	25.20%	101.88%	-164.55%	477.85%	68.19%
Invested Capital Q/Q Growth	-9.45%	-2.04%	4.48%	4.14%	1.42%	-0.11%	-12.07%	37.47%	11.86%	1.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	40.20%	39.72%	36.06%	43.46%	39.91%	37.76%	40.12%	37.09%	31.04%	37.01%
EBIT Margin	35.57%	35.99%	30.88%	37.42%	35.49%	34.53%	38.89%	35.37%	25.80%	31.72%
Profit (Net Income) Margin	24.54%	24.17%	29.09%	29.63%	28.66%	27.59%	30.56%	27.69%	20.23%	24.45%
Tax Burden Percent	69.00%	67.15%	94.22%	79.18%	80.76%	79.91%	78.60%	78.26%	78.42%	77.09%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	31.00%	32.85%	5.78%	20.82%	19.24%	20.09%	21.40%	21.74%	21.58%	22.91%
Return on Invested Capital (ROIC)	6.14%	6.94%	8.45%	7.94%	7.81%	7.04%	8.28%	7.85%	5.12%	6.99%
ROIC Less NNEP Spread (ROIC-NNEP)	6.14%	6.94%	8.45%	7.94%	7.81%	7.04%	8.28%	7.85%	5.12%	6.99%
Return on Net Nonoperating Assets (RNNOA)	2.43%	1.93%	2.19%	2.13%	1.66%	1.27%	0.87%	2.63%	3.00%	3.56%
Return on Equity (ROE)	8.57%	8.88%	10.64%	10.07%	9.47%	8.32%	9.16%	10.48%	8.12%	10.55%
Cash Return on Invested Capital (CROIC)	-1.67%	13.47%	-29.38%	7.64%	4.46%	-4.73%	24.50%	-16.58%	13.91%	-4.44%
Operating Return on Assets (OROA)	1.65%	1.80%	1.65%	1.99%	1.90%	1.63%	1.64%	1.53%	1.07%	1.48%
Return on Assets (ROA)	1.14%	1.21%	1.55%	1.58%	1.54%	1.30%	1.29%	1.20%	0.84%	1.14%
Return on Common Equity (ROCE)	8.57%	8.88%	10.64%	10.07%	9.47%	8.32%	9.16%	10.48%	8.12%	10.55%
Return on Equity Simple (ROE_SIMPLE)	8.00%	8.66%	9.22%	9.84%	9.11%	7.83%	9.03%	12.12%	7.77%	10.35%
Net Operating Profit after Tax (NOPAT)	91	104	151	169	169	165	190	188	132	182
NOPAT Margin	24.54%	24.17%	29.09%	29.63%	28.66%	27.59%	30.56%	27.69%	20.23%	24.45%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	51.54%	53.19%	52.12%	51.97%	53.00%	54.34%	55.28%	54.01%	60.98%	56.59%
Operating Expenses to Revenue	62.70%	62.13%	67.00%	60.67%	63.08%	63.09%	62.54%	62.45%	72.48%	65.23%
Earnings before Interest and Taxes (EBIT)	132	155	160	213	209	206	241	240	168	237
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	149	171	187	247	235	225	249	252	202	276
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.14	1.86	1.39	1.48	1.73	1.43	1.81	2.03	1.58	1.84
Price to Tangible Book Value (P/TBV)	1.98	3.11	2.80	2.81	3.15	2.39	2.98	4.85	3.36	3.76
Price to Revenue (P/Rev)	3.49	5.19	4.37	4.47	5.43	5.03	5.95	4.64	4.12	4.34
Price to Earnings (P/E)	14.23	21.47	15.03	15.09	18.95	18.22	19.48	16.74	20.36	17.77
Dividend Yield	3.86%	2.51%	2.95%	2.90%	2.55%	2.96%	2.48%	2.97%	3.54%	2.95%
Earnings Yield	7.03%	4.66%	6.65%	6.63%	5.28%	5.49%	5.13%	5.97%	4.91%	5.63%
Enterprise Value to Invested Capital (EV/IC)	1.00	1.59	1.19	1.29	1.52	0.70	0.87	1.52	1.32	1.46
Enterprise Value to Revenue (EV/Rev)	4.16	5.36	4.88	4.83	5.67	2.89	2.94	6.00	5.00	5.42
Enterprise Value to EBITDA (EV/EBITDA)	10.36	13.50	13.54	11.10	14.21	7.66	7.32	16.18	16.10	14.64
Enterprise Value to EBIT (EV/EBIT)	11.71	14.90	15.82	12.89	15.97	8.37	7.55	16.97	19.38	17.08
Enterprise Value to NOPAT (EV/NOPAT)	16.97	22.19	16.79	16.28	19.78	10.48	9.61	21.68	24.71	22.16
Enterprise Value to Operating Cash Flow (EV/OCF)	12.95	16.97	13.34	12.40	16.51	9.61	9.00	19.00	14.27	16.69
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	11.44	0.00	16.91	34.68	0.00	3.25	0.00	9.10	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.21	0.30	0.24	0.19	0.18	0.00	0.73	0.45	0.57
Long-Term Debt to Equity	0.35	0.09	0.08	0.09	0.06	0.04	0.00	0.51	0.27	0.42
Financial Leverage	0.40	0.28	0.26	0.27	0.21	0.18	0.11	0.34	0.59	0.51
Leverage Ratio	7.54	7.36	6.85	6.38	6.17	6.40	7.12	8.74	9.66	9.23
Compound Leverage Factor	7.54	7.36	6.85	6.38	6.17	6.40	7.12	8.74	9.66	9.23
Debt to Total Capital	26.13%	17.17%	22.91%	19.44%	15.68%	15.00%	0.16%	42.30%	31.07%	36.17%
Short-Term Debt to Total Capital	0.00%	10.11%	17.02%	12.19%	10.99%	11.47%	0.00%	12.89%	12.37%	9.47%
Long-Term Debt to Total Capital	26.13%	7.06%	5.89%	7.25%	4.69%	3.53%	0.16%	29.42%	18.70%	26.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	73.87%	82.83%	77.09%	80.56%	84.32%	85.00%	99.84%	57.70%	68.93%	63.83%
Debt to EBITDA	2.70	1.46	2.60	1.67	1.47	1.65	0.01	4.51	3.78	3.62
Net Debt to EBITDA	1.67	0.44	1.42	0.82	0.59	-5.66	-7.52	3.68	2.84	2.90
Long-Term Debt to EBITDA	2.70	0.60	0.67	0.62	0.44	0.39	0.01	3.14	2.28	2.67
Debt to NOPAT	4.42	2.39	3.22	2.45	2.04	2.25	0.02	6.05	5.80	5.47
Net Debt to NOPAT	2.74	0.72	1.76	1.20	0.83	-7.74	-9.87	4.93	4.35	4.39
Long-Term Debt to NOPAT	4.42	0.98	0.83	0.92	0.61	0.53	0.02	4.21	3.49	4.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-25	201	-524	162	96	-111	561	-397	358	-116
Operating Cash Flow to CapEx	964.24%	1,091.23%	1,753.16%	1,750.81%	3,561.41%	1,246.84%	1,537.23%	2,045.76%	2,055.62%	1,619.49%
Free Cash Flow to Firm to Interest Expense	-2.22	17.84	-38.03	9.19	3.63	-5.30	43.13	-17.20	3.44	-0.60
Operating Cash Flow to Interest Expense	10.67	12.02	13.76	12.52	7.63	8.60	15.57	9.29	2.19	1.25
Operating Cash Flow Less CapEx to Interest Expense	9.57	10.92	12.98	11.81	7.41	7.91	14.56	8.84	2.09	1.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.05
Fixed Asset Turnover	3.57	3.79	4.40	4.68	4.14	3.61	3.80	4.23	3.90	4.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,544	1,446	2,121	2,127	2,200	2,475	2,104	2,689	2,463	2,762
Invested Capital Turnover	0.25	0.29	0.29	0.27	0.27	0.26	0.27	0.28	0.25	0.29
Increase / (Decrease) in Invested Capital	116	-98	675	6.25	73	275	-371	585	-226	299
Enterprise Value (EV)	1,548	2,304	2,530	2,746	3,344	1,725	1,823	4,077	3,260	4,044
Market Capitalization	1,298	2,229	2,265	2,544	3,204	3,000	3,695	3,149	2,686	3,242
Book Value per Share	$27.75	$27.00	$32.31	$33.48	$35.88	$39.30	$37.80	$28.88	$31.81	$33.54
Tangible Book Value per Share	$15.97	$16.16	$16.01	$17.71	$19.70	$23.49	$22.98	$12.08	$14.98	$16.39
Total Capital	1,544	1,446	2,121	2,127	2,200	2,475	2,042	2,689	2,463	2,762
Total Debt	403	248	486	414	345	371	3.28	1,138	765	999
Total Long-Term Debt	403	102	125	154	103	87	3.28	791	461	737
Net Debt	250	75	265	202	140	-1,275	-1,872	928	574	802
Capital Expenditures (CapEx)	12	12	11	13	5.69	14	13	10	11	15
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	403	248	486	414	345	371	66	1,138	765	999
Total Depreciation and Amortization (D&A)	17	16	27	34	26	19	7.66	12	34	39
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.21	$2.34	$3.07	$3.28	$3.26	$3.10	$3.51	$3.48	$2.45	$3.44
Adjusted Weighted Average Basic Shares Outstanding	43.88M	44.54M	50.80M	51.32M	51.91M	53.68M	53.86M	53.77M	53.33M	52.71M
Adjusted Diluted Earnings per Share	$2.19	$2.32	$3.03	$3.24	$3.23	$3.08	$3.48	$3.46	$2.45	$3.44
Adjusted Weighted Average Diluted Shares Outstanding	43.88M	44.54M	50.80M	51.32M	51.91M	53.68M	53.86M	53.77M	53.33M	52.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.88M	44.54M	50.80M	51.32M	51.91M	53.68M	53.86M	53.77M	53.33M	52.71M
Normalized Net Operating Profit after Tax (NOPAT)	96	105	175	168	176	169	190	192	135	183
Normalized NOPAT Margin	25.85%	24.44%	33.82%	29.53%	29.84%	28.25%	30.68%	28.23%	20.77%	24.50%
Pre Tax Income Margin	35.57%	35.99%	30.88%	37.42%	35.49%	34.53%	38.89%	35.37%	25.80%	31.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.80	13.69	11.61	12.05	7.88	9.87	18.55	10.40	1.62	1.22
NOPAT to Interest Expense	8.14	9.19	10.94	9.54	6.37	7.89	14.58	8.14	1.27	0.94
EBIT Less CapEx to Interest Expense	10.70	12.59	10.82	11.33	7.67	9.18	17.54	9.95	1.51	1.14
NOPAT Less CapEx to Interest Expense	7.04	8.09	10.15	8.82	6.15	7.20	13.57	7.69	1.16	0.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	54.01%	53.03%	41.34%	42.39%	47.46%	52.91%	48.00%	49.65%	72.09%	52.49%
Augmented Payout Ratio	64.01%	56.37%	43.53%	42.57%	47.63%	53.08%	50.69%	58.49%	95.01%	77.71%

This table displays calculated financial ratios and metrics derived from Community Financial System's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.93%	10.18%	-22.44%	4.80%	-0.15%	0.59%	42.36%	4.87%	7.74%	10.92%
EBITDA Growth	-15.16%	69.40%	-76.62%	30.89%	-0.44%	-25.02%	324.12%	2.85%	2.38%	42.75%
EBIT Growth	8.65%	18.92%	-88.35%	21.07%	-10.27%	-34.93%	660.69%	1.01%	1.86%	47.37%
NOPAT Growth	7.40%	20.58%	-87.68%	21.32%	-9.37%	-35.83%	604.93%	-0.78%	-0.52%	47.73%
Net Income Growth	7.40%	20.58%	-87.68%	21.32%	-9.37%	-35.83%	604.93%	-0.78%	-0.52%	47.73%
EPS Growth	8.43%	21.25%	-87.21%	21.92%	-8.89%	-35.05%	590.91%	2.25%	1.22%	49.21%
Operating Cash Flow Growth	-32.07%	44.51%	48.97%	-11.70%	47.00%	-37.53%	3.26%	-4.09%	-12.33%	47.05%
Free Cash Flow Firm Growth	271.43%	-228.44%	16.88%	-124.31%	-141.52%	148.80%	-290.36%	-467.60%	-141.98%	-195.66%
Invested Capital Growth	-18.24%	27.82%	-6.65%	6.48%	12.55%	-8.42%	16.14%	23.79%	24.13%	12.12%
Revenue Q/Q Growth	5.03%	0.16%	-29.22%	40.75%	0.06%	0.90%	0.18%	3.68%	2.80%	3.89%
EBITDA Q/Q Growth	22.16%	8.24%	-79.20%	375.85%	-7.08%	-18.49%	17.68%	15.39%	-7.50%	13.65%
EBIT Q/Q Growth	22.89%	7.87%	-89.64%	781.59%	-8.92%	-21.78%	21.12%	17.06%	-8.15%	13.17%
NOPAT Q/Q Growth	22.32%	7.88%	-88.96%	732.89%	-8.62%	-23.62%	21.26%	17.23%	-8.38%	13.42%
Net Income Q/Q Growth	22.32%	7.88%	-88.96%	732.89%	-8.62%	-23.62%	21.26%	17.23%	-8.38%	13.42%
EPS Q/Q Growth	23.29%	7.78%	-88.66%	709.09%	-7.87%	-23.17%	20.63%	19.74%	-8.79%	13.25%
Operating Cash Flow Q/Q Growth	-6.08%	62.20%	8.12%	-46.39%	56.35%	-31.07%	78.71%	-50.20%	42.91%	15.62%
Free Cash Flow Firm Q/Q Growth	47.98%	-209.84%	128.01%	-153.38%	-152.80%	229.10%	-209.26%	-59.17%	-7.77%	48.96%
Invested Capital Q/Q Growth	-0.90%	37.47%	-25.10%	4.36%	4.75%	11.86%	-5.03%	11.24%	5.03%	1.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	37.13%	40.12%	11.79%	39.87%	37.02%	29.91%	35.13%	39.10%	35.18%	38.49%
EBIT Margin	35.52%	38.26%	5.60%	35.07%	31.93%	24.75%	29.92%	33.78%	30.18%	32.88%
Profit (Net Income) Margin	27.72%	29.86%	4.66%	27.55%	25.16%	19.05%	23.06%	26.07%	23.24%	25.37%
Tax Burden Percent	78.03%	78.04%	83.15%	78.56%	78.82%	76.96%	77.05%	77.17%	76.98%	77.15%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	21.97%	21.96%	16.85%	21.44%	21.18%	23.04%	22.95%	22.83%	23.02%	22.85%
Return on Invested Capital (ROIC)	8.45%	8.46%	1.44%	8.81%	7.88%	4.82%	7.47%	7.91%	6.85%	7.25%
ROIC Less NNEP Spread (ROIC-NNEP)	8.45%	8.46%	1.44%	8.81%	7.88%	4.82%	7.47%	7.91%	6.85%	7.25%
Return on Net Nonoperating Assets (RNNOA)	1.96%	2.84%	0.28%	2.14%	2.98%	2.82%	2.41%	3.41%	3.27%	3.69%
Return on Equity (ROE)	10.41%	11.30%	1.72%	10.95%	10.86%	7.64%	9.88%	11.31%	10.11%	10.94%
Cash Return on Invested Capital (CROIC)	28.31%	-16.58%	13.92%	1.34%	-4.56%	13.91%	-7.26%	-14.18%	-14.79%	-4.44%
Operating Return on Assets (OROA)	1.52%	1.66%	0.23%	1.49%	1.34%	1.03%	1.36%	1.55%	1.38%	1.54%
Return on Assets (ROA)	1.19%	1.29%	0.19%	1.17%	1.06%	0.79%	1.04%	1.20%	1.06%	1.19%
Return on Common Equity (ROCE)	10.41%	11.30%	1.72%	10.95%	10.86%	7.64%	9.88%	11.31%	10.11%	10.94%
Return on Equity Simple (ROE_SIMPLE)	12.26%	0.00%	8.99%	9.60%	9.69%	0.00%	10.08%	9.98%	9.32%	0.00%
Net Operating Profit after Tax (NOPAT)	49	53	5.80	48	44	34	41	48	44	50
NOPAT Margin	27.72%	29.86%	4.66%	27.55%	25.16%	19.05%	23.06%	26.07%	23.24%	25.37%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	53.72%	52.03%	79.13%	55.54%	57.68%	56.87%	57.44%	56.35%	57.62%	55.06%
Operating Expenses to Revenue	61.59%	60.17%	91.59%	64.50%	66.43%	72.95%	66.61%	64.74%	65.74%	63.96%
Earnings before Interest and Taxes (EBIT)	62	67	6.97	61	56	44	53	62	57	65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	65	71	15	70	65	53	62	72	66	76
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.07	2.03	1.65	1.50	1.40	1.58	1.53	1.49	1.71	1.84
Price to Tangible Book Value (P/TBV)	5.49	4.85	3.67	3.38	3.33	3.36	3.37	3.26	3.45	3.76
Price to Revenue (P/Rev)	4.57	4.64	4.18	3.72	3.34	4.12	3.60	3.49	4.20	4.34
Price to Earnings (P/E)	16.91	16.74	18.32	15.59	14.44	20.36	15.18	14.95	18.34	17.77
Dividend Yield	3.07%	2.97%	3.50%	3.91%	4.35%	3.54%	3.77%	3.81%	3.12%	2.95%
Earnings Yield	5.91%	5.97%	5.46%	6.41%	6.93%	4.91%	6.59%	6.69%	5.45%	5.63%
Enterprise Value to Invested Capital (EV/IC)	1.68	1.52	1.43	1.28	1.08	1.32	1.23	1.24	1.34	1.46
Enterprise Value to Revenue (EV/Rev)	4.94	6.00	4.48	4.12	3.64	5.00	4.08	4.52	5.03	5.42
Enterprise Value to EBITDA (EV/EBITDA)	14.69	16.18	14.13	12.18	10.76	16.10	11.52	12.79	14.41	14.64
Enterprise Value to EBIT (EV/EBIT)	14.27	16.97	15.37	13.54	12.35	19.38	13.43	14.99	16.92	17.08
Enterprise Value to NOPAT (EV/NOPAT)	18.30	21.68	19.63	17.28	15.71	24.71	17.24	19.34	21.96	22.16
Enterprise Value to Operating Cash Flow (EV/OCF)	17.02	19.00	12.00	11.44	9.28	14.27	12.47	14.05	16.51	16.69
Enterprise Value to Free Cash Flow (EV/FCFF)	5.32	0.00	9.93	98.16	0.00	9.10	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.73	0.23	0.30	0.42	0.45	0.41	0.56	0.53	0.57
Long-Term Debt to Equity	0.10	0.51	0.05	0.16	0.20	0.27	0.24	0.43	0.35	0.42
Financial Leverage	0.23	0.34	0.20	0.24	0.38	0.59	0.32	0.43	0.48	0.51
Leverage Ratio	8.76	8.74	8.86	9.33	10.27	9.66	9.45	9.43	9.52	9.23
Compound Leverage Factor	8.76	8.74	8.86	9.33	10.27	9.66	9.45	9.43	9.52	9.23
Debt to Total Capital	25.32%	42.30%	18.88%	23.06%	29.39%	31.07%	29.17%	35.82%	34.70%	36.17%
Short-Term Debt to Total Capital	18.03%	12.89%	15.12%	11.11%	15.00%	12.37%	12.28%	8.28%	11.61%	9.47%
Long-Term Debt to Total Capital	7.29%	29.42%	3.76%	11.95%	14.39%	18.70%	16.89%	27.54%	23.08%	26.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.68%	57.70%	81.12%	76.94%	70.61%	68.93%	70.83%	64.18%	65.30%	63.83%
Debt to EBITDA	2.22	4.51	1.87	2.20	2.94	3.78	2.73	3.70	3.74	3.62
Net Debt to EBITDA	1.11	3.68	0.94	1.19	0.87	2.84	1.38	2.90	2.38	2.90
Long-Term Debt to EBITDA	0.64	3.14	0.37	1.14	1.44	2.28	1.58	2.84	2.49	2.67
Debt to NOPAT	2.77	6.05	2.59	3.12	4.29	5.80	4.09	5.59	5.70	5.47
Net Debt to NOPAT	1.38	4.93	1.30	1.69	1.27	4.35	2.06	4.39	3.62	4.39
Long-Term Debt to NOPAT	0.80	4.21	0.52	1.62	2.10	3.49	2.37	4.30	3.79	4.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	485	-533	149	-80	-201	260	-284	-452	-487	-249
Operating Cash Flow to CapEx	1,420.05%	2,976.87%	3,176.27%	30,059.42%	1,198.19%	1,430.59%	5,948.85%	712.39%	1,628.24%	1,447.97%
Free Cash Flow to Firm to Interest Expense	88.51	-45.31	10.05	-3.57	-6.77	7.00	-6.22	-9.50	-9.53	-4.98
Operating Cash Flow to Interest Expense	8.05	6.09	5.21	1.86	2.18	1.20	1.75	0.84	1.11	1.32
Operating Cash Flow Less CapEx to Interest Expense	7.48	5.88	5.05	1.85	2.00	1.12	1.72	0.72	1.04	1.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.05	0.05	0.05
Fixed Asset Turnover	4.11	4.23	4.06	3.98	3.87	3.90	4.28	4.24	4.12	4.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,956	2,689	2,014	2,102	2,202	2,463	2,339	2,602	2,733	2,762
Invested Capital Turnover	0.30	0.28	0.31	0.32	0.31	0.25	0.32	0.30	0.29	0.29
Increase / (Decrease) in Invested Capital	-436	585	-143	128	246	-226	325	500	531	299
Enterprise Value (EV)	3,277	4,077	2,881	2,683	2,368	3,260	2,879	3,222	3,654	4,044
Market Capitalization	3,029	3,149	2,691	2,421	2,177	2,686	2,535	2,491	3,051	3,242
Book Value per Share	$27.19	$28.88	$30.39	$30.10	$29.05	$31.81	$31.07	$31.65	$33.97	$33.54
Tangible Book Value per Share	$10.27	$12.08	$13.63	$13.32	$12.21	$14.98	$14.11	$14.49	$16.83	$16.39
Total Capital	1,956	2,689	2,014	2,102	2,202	2,463	2,339	2,602	2,733	2,762
Total Debt	495	1,138	380	485	647	765	682	932	948	999
Total Long-Term Debt	143	791	76	251	317	461	395	717	631	737
Net Debt	248	928	191	262	191	574	344	731	602	802
Capital Expenditures (CapEx)	3.11	2.40	2.44	0.14	5.41	3.13	1.34	5.59	3.49	4.54
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	495	1,138	380	485	647	765	682	932	948	999
Total Depreciation and Amortization (D&A)	2.82	3.28	7.71	8.41	8.94	9.13	9.24	9.78	9.45	11
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.90	$0.97	$0.11	$0.90	$0.82	$0.62	$0.77	$0.91	$0.83	$0.93
Adjusted Weighted Average Basic Shares Outstanding	53.73M	53.77M	53.73M	53.53M	53.39M	53.33M	52.77M	52.54M	52.56M	52.71M
Adjusted Diluted Earnings per Share	$0.90	$0.97	$0.11	$0.89	$0.82	$0.63	$0.76	$0.91	$0.83	$0.94
Adjusted Weighted Average Diluted Shares Outstanding	53.73M	53.77M	53.73M	53.53M	53.39M	53.33M	52.77M	52.54M	52.56M	52.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.73M	53.77M	53.73M	53.53M	53.39M	53.33M	52.77M	52.54M	52.56M	52.71M
Normalized Net Operating Profit after Tax (NOPAT)	49	52	5.85	49	44	36	41	48	44	50
Normalized NOPAT Margin	27.90%	29.70%	4.69%	28.00%	25.20%	20.51%	23.07%	26.11%	23.20%	25.53%
Pre Tax Income Margin	35.52%	38.26%	5.60%	35.07%	31.93%	24.75%	29.92%	33.78%	30.18%	32.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.38	5.72	0.47	2.75	1.88	1.18	1.16	1.30	1.11	1.29
NOPAT to Interest Expense	8.88	4.47	0.39	2.16	1.48	0.91	0.90	1.01	0.86	1.00
EBIT Less CapEx to Interest Expense	10.82	5.52	0.31	2.74	1.70	1.10	1.13	1.19	1.05	1.20
NOPAT Less CapEx to Interest Expense	8.32	4.26	0.23	2.16	1.30	0.82	0.87	0.89	0.79	0.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	51.87%	49.65%	63.93%	60.77%	62.86%	72.09%	57.14%	57.33%	57.49%	52.49%
Augmented Payout Ratio	63.86%	58.49%	80.26%	74.16%	80.04%	95.01%	89.35%	90.63%	87.77%	77.71%

Financials Breakdown Chart

Key Financial Trends

Community Financial System, Inc. (NYSE: CBU) has shown a consistent upward trend in key financial metrics over the past four years, with particular acceleration in 2024. Below is an analysis of key financial data points extracted from the company’s quarterly financial statements from Q3 2022 through Q4 2024, including income statements, cash flow statements, and balance sheets.

Steady Growth in Net Interest Income: Net interest income has increased from approximately $110 million in Q3 2022 to nearly $120 million by Q4 2024, highlighting the company’s effective management of interest earnings from loans and leases relative to interest expenses.
Improved Net Income: Quarterly net income to common shareholders has grown substantially from about $48.7 million in Q3 2022 to $49.8 million in Q4 2024, demonstrating profitability improvement.
Rising Earnings per Share (EPS): Basic and diluted EPS rose from $0.90 in Q3 2022 to $0.93-$0.94 in Q4 2024, reflecting earnings growth even with a fairly stable share count.
Non-Interest Income Stability: Non-interest income has stayed robust, contributing around $67 million in late 2022 up to $76 million in Q4 2024, mainly driven by strong service charges on deposit accounts and other service charges.
Controlled Provision for Credit Losses: Although provision for credit losses fluctuated, it remains moderate, increasing slightly in 2024 quarters but without overt spikes that would indicate heightened credit risk.
Consistent Dividend Payments: Dividends per share have steadily increased from $0.44 in 2022 to $0.46 in 2024, reflecting confidence in stable cash flow generation and shareholder returns.
Solid Asset Base Growth: Total assets grew from about $15.6 billion in Q3 2022 to over $16.4 billion by Q3 2024, showing asset expansion driven primarily by increases in loans and investment securities.
Loan Growth and Asset Quality: Loans and leases net of allowance expanded from ~ $9.4 billion in Q3 2022 to over $10.1 billion by Q3 2024, indicating growing lending activities while allowance for loan losses increased proportionally, maintaining credit quality.
Fluctuating Cash and Equivalents: Cash and due from banks levels have shown volatility quarter to quarter, reflecting changing liquidity management strategies.
Increasing Operating Expenses: Non-interest expenses rose to approximately $125 million by Q4 2024 from roughly $108 million in Q3 2022, driven by higher salaries and employee benefits, occupancy, and other operating expenses, which may pressure margins if not matched by revenue growth.
Significant Investing Cash Outflows: The company reported substantial net cash outflows from investing activities each quarter, mainly due to large purchases of investment securities, indicating aggressive asset deployment that might impact liquidity in the short term.
Variable Financing Cash Flows: Net cash from financing activities fluctuated widely, with large issuances and repayments of debt, share repurchases, and dividend payments, signaling an active approach to capital structure management but adding some volatility to cash flows.
Accumulated Other Comprehensive Loss: The company reports a sizable accumulated other comprehensive loss (AOCI), exceeding -$490 million as of Q3 2024, which could reflect unrealized losses on investments or other comprehensive income items affecting equity.

Summary: Community Financial System has demonstrated steady revenue and earnings growth supported by expanding loan portfolios and consistent net interest margin improvement. Profitability metrics, including EPS and net income, have trended positively over the recent years. The company maintains robust non-interest income streams, stable dividend payments, and expanding asset size. However, rising operating expenses and significant investing outflows present some cautionary points regarding cost control and liquidity management. The fluctuating financing activities also indicate an active but volatile capital management strategy. Overall, the financial trends portray a growing and profitable regional financial institution with some operational cost pressures and capital deployment risks to monitor.

09/18/25 01:41 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Community Financial System's Financials

When does Community Financial System's fiscal year end?

According to the most recent income statement we have on file, Community Financial System's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Community Financial System's net income changed over the last 9 years?

Community Financial System's net income appears to be on an upward trend, with a most recent value of $182.48 million in 2024, rising from $91.23 million in 2015. The previous period was $131.92 million in 2023. See where experts think Community Financial System is headed by visiting Community Financial System's forecast page.

How has Community Financial System's revenue changed over the last 9 years?

Over the last 9 years, Community Financial System's total revenue changed from $371.72 million in 2015 to $746.30 million in 2024, a change of 100.8%.

How much debt does Community Financial System have?

Community Financial System's total liabilities were at $14.62 billion at the end of 2024, a 5.5% increase from 2023, and a 97.3% increase since 2015.

How much cash does Community Financial System have?

In the past 9 years, Community Financial System's cash and equivalents has ranged from $153.21 million in 2015 to $1.88 billion in 2021, and is currently $197.00 million as of their latest financial filing in 2024.

How has Community Financial System's book value per share changed over the last 9 years?

Over the last 9 years, Community Financial System's book value per share changed from 27.75 in 2015 to 33.54 in 2024, a change of 20.8%.

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This page (NYSE:CBU) was last updated on 9/18/2025 by MarketBeat.com Staff

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Community Financial System (CBU) Financials

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Community Financial System (CBU) Financials

Annual Income Statements for Community Financial System

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Quarterly Cash Flow Statements for Community Financial System

Annual Balance Sheets for Community Financial System

Quarterly Balance Sheets for Community Financial System

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Quarterly Metrics And Ratios for Community Financial System

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