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.
Quarterly Income Statements for Community Financial System
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 |
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 |
Annual Cash Flow Statements for Community Financial System
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 |
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 |
Quarterly Cash Flow Statements for Community Financial System
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 |
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 |
Annual Balance Sheets for Community Financial System
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 |
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 |
Quarterly Balance Sheets for Community Financial System
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 |
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 |
Annual Metrics And Ratios for Community Financial System
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 |
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% |
Quarterly Metrics And Ratios for Community Financial System
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 |
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% |
Key Financial Trends
Community Financial System (NYSE: CBU) has demonstrated steady financial growth over the past two years, supported by solid profitability and strong operating cash flows. Analyzing quarterly financial data from 2022 through Q4 2024 reveals positive trends as well as areas warranting investor attention.
- Net interest income has consistently increased over the observed period, rising from approximately $110 million in early 2022 to about $120 million in late 2024, signaling effective core banking operations.
- Total revenue has shown a steady upward trend, growing from around $175 million in 2022 to approximately $196 million in Q4 2024, reflecting growth in both interest and non-interest income components.
- Net income attributable to common shareholders increased from $48.7 million in Q3 2022 to nearly $49.8 million in Q4 2024, indicating improving profitability.
- Diluted earnings per share (EPS) rose from around $0.90 in Q3 2022 to $0.94 in Q4 2024, showing enhanced shareholder value on a per-share basis.
- Strong net cash from continuing operating activities was observed regularly, with $65.7 million in Q4 2024 and similar high levels in prior quarters, supporting ongoing operational strength and liquidity.
- Loans and leases net of allowance have grown steadily, reaching over $10.17 billion by Q3 2024 from about $9.4 billion in Q3 2022, suggesting expansion in lending activity.
- Total equity has increased from about $1.46 billion in Q3 2022 to $1.78 billion by Q3 2024, strengthening the bank’s capital base.
- Return on assets (calculated roughly by dividing net income by total assets) remains stable, with total assets increasing moderately from approximately $15.6 billion in Q3 2022 to $16.4 billion in late 2024.
- Total non-interest expenses have increased somewhat, from around $108 million in early 2022 to $125 million in Q4 2024, requiring monitoring for cost control efficiency.
- Provision for credit losses fluctuated but remained manageable, though increasing in some quarters; Q4 2024 reported $6.2 million provision, higher than some prior quarters.
Summary: Community Financial System has exhibited steady revenue and profitability growth driven by expansion in loans and consistent net interest margin management. Operating cash flows remain strong, and the bank has solid capital levels. However, investors should watch for potential increases in credit loss provisions and non-interest expenses which could impact future earnings if not managed well. Overall, the financial trends suggest a healthy and growing regional bank with opportunities to enhance operational efficiency.
08/08/25 06:00 PMAI Generated. May Contain Errors.