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, Inc. (NYSE: CBU) has demonstrated steady financial growth and operational stability over the last four years, highlighted by improving earnings, a growing loan portfolio, and consistent dividend payouts. Here’s a breakdown of key financial trends and metrics based on the latest statements:
- Revenue Growth: Total revenue increased from approximately $176.0 million in Q4 2022 to $196.3 million in Q4 2024, reflecting a steady upward trend driven by higher net interest income and non-interest income.
- Net Interest Income Improvement: Net interest income rose from about $112.2 million in Q4 2022 to nearly $120.0 million in Q4 2024, indicating improved interest margin and growth in loans and leases interest income over the period.
- Loan Portfolio Expansion: Loans and leases, net of allowance, increased from around $9.1 billion in Q2 2023 to approximately $10.2 billion by Q3 2024, showing steady lending growth which could support future interest income.
- Consistent Profitability: Quarterly net income has generally grown, with Q4 2024 net income at $49.8 million compared to $33.7 million in Q4 2023, indicating improved operational results and cost management.
- Earnings Per Share (EPS) Increase: Basic EPS rose from $0.62 in Q4 2023 to $0.93 in Q4 2024, reflecting higher earnings and a stable share count.
- Strong Operating Cash Flow: The company generated $65.7 million in operating cash flow in Q4 2024, sustaining positive cash generation that supports ongoing investments and dividends.
- Dividend Payouts: Community Financial has maintained or slightly increased its dividends, with quarterly dividends around $0.44-$0.46 per share, signaling a shareholder-friendly capital allocation policy.
- Non-Interest Income Volatility: Other service charges have swung between negative and positive values over the quarters, causing some fluctuations in total non-interest income, though overall it has modestly increased.
- Provision for Credit Losses Variability: Provision expense has fluctuated quarter to quarter, from as low as $750,000 in Q2 2023 to over $6.2 million in Q4 2024, which may reflect changing credit risk assessments but remains manageable relative to loan size.
- Investment Securities Activity: The company has actively managed its investment securities portfolio with significant purchases and sales affecting investing cash flow, impacting liquidity but aligning with asset/liability strategies.
- Rising Interest Expense: Total interest expense increased notably from $11.8 million in Q4 2022 to nearly $50.0 million in Q4 2024, driven by higher deposit rates and long-term debt servicing costs, which could pressure net interest margins if not managed.
- Growing Operating Expenses: Total non-interest expense rose from about $106 million in late 2022 to $125.5 million in Q4 2024, partly due to increased employee benefits and occupancy costs, which may compress operating leverage if revenue growth slows.
- Declining Accumulated Other Comprehensive Income: The accumulated other comprehensive loss has deepened from around -$578 million in early 2023 to approximately -$494 million by Q3 2024, signaling ongoing unrealized losses or market-driven valuation adjustments affecting equity.
- Substantial Investing Cash Outflows: Large net cash outflows from investing activities (e.g., over $210 million in Q4 2024) primarily from securities purchases could strain liquidity and reflect aggressive asset deployment that carries market risk.
- Volatile Cash Flows from Financing Activities: Financing cash flow has been highly variable with large swings due to debt issuance and repayments, equity repurchases, and dividend payments, which requires close monitoring for capital structure stability.
Summary: Community Financial System has shown robust growth in loans and earnings, underpinned by strong net interest income and solid operating cash flow generation. The company maintains attractive dividend payouts for shareholders and continues to expand its balance sheet prudently. However, investors should watch for pressure on net interest margins from rising funding costs, increasing operating expenses, and volatility in cash flows related to investing and financing activities. Overall, the bank appears well-positioned with positive momentum, though some caution is warranted regarding expense management and capital deployment risks.
08/29/25 04:33 AM ETAI Generated. May Contain Errors.