Welcome to our dedicated page for Community Financial System news (Ticker: CBU), a resource for investors and traders seeking the latest updates and insights on Community Financial System stock.
Community Financial System Inc (CBU) delivers integrated financial services through regional banking, wealth management, and employee benefit solutions. This news hub provides investors and stakeholders with authoritative updates on corporate developments across all business segments.
Access timely press releases and analysis covering earnings reports, strategic acquisitions, regulatory filings, and leadership updates. Our curated collection simplifies tracking CBU's performance in community banking, insurance services, and wealth management markets.
Discover updates organized by operational focus areas: corporate banking initiatives, employee benefits administration trends, insurance product developments, and wealth management innovations. Bookmark this page for streamlined access to CBU's evolving financial landscape in upstate New York and beyond.
Community Financial System (NYSE:CBU) has reported strong second quarter 2025 results, marking several new records. The company achieved net income of $51.3 million, or $0.97 per share, up $0.06 from Q2 2024. Operating net income reached $55.4 million, or $1.04 per share.
The company set new quarterly records with total revenues of $199.3 million (up 8.4% YoY) and net interest income of $124.7 million (up 14.0% YoY). Total loans grew to $10.52 billion (up 4.9% YoY), while deposits reached $13.70 billion (up 4.3% YoY), despite a slight quarterly decline of 1.4%.
Community Financial System (NYSE:CBU) has announced a quarterly cash dividend increase to $0.47 per share, marking its 33rd consecutive year of dividend increases. The dividend represents a 2.2% increase from the previous quarter and offers an annualized yield of 3.33% based on the July 15, 2025 closing price of $56.40.
The dividend will be payable on October 10, 2025 to shareholders of record as of September 12, 2025. Management emphasized that this increase reflects their confidence in the company's sustainable long-term growth strategy, supported by a strong balance sheet and robust cash flow generation.
Community Bank (NYSE: CBU) has announced a strategic expansion in the Greater Lehigh Valley, PA market through the acquisition of seven Santander Bank branches in the Allentown area. The transaction, valued at approximately $48 million (8.0% deposit premium), includes the assumption of $600 million in deposits and $33 million in branch-related loans, along with wealth management relationships.
The acquisition will boost Community Bank's presence to 12 total retail locations in the Greater Lehigh Valley, securing a Top 5 market position. The deal is expected to close in Q4 2025, with all branches remaining operational and employees receiving continued employment offers. The transaction is anticipated to be slightly accretive to Community Financial System's earnings.
Community Financial System (NYSE: CBU) has reported strong first quarter 2025 results, with net income reaching $49.6 million ($0.93 per share), marking a $0.17 increase per share year-over-year.
Key highlights include:
- Record quarterly net interest income of $120.2 million, up 12.4% from Q1 2024
- Total revenues of $196.2 million, showing a 10.7% year-over-year increase
- Operating net income of $52.1 million ($0.98 per share)
- Record non-bank financial services revenue of $56.7 million, up 9.0% year-over-year
The bank's balance sheet shows solid growth with total deposits reaching $13.89 billion (up 3.4% from Q4 2024) and total loans at $10.42 billion. The company maintains strong financial performance despite a slight quarter-over-quarter decrease in earnings per share.
Global Trust Company (GTC) has announced a significant expansion of its business development team with three key executive appointments to drive national growth and strengthen institutional partnerships.
The strategic hires include:
- Victor Kwitkiwski joins as National Sales Manager from BPAS, bringing 25+ years of experience to lead GTC's national product distribution strategy
- Jim Nolan, former Citi North American sales leader, becomes Senior Vice President of Strategic Partnerships
- Dan Roderigues takes role of Vice President of DCIO Distribution, previously heading BPAS fiduciary services
All three executives will contribute to expanding GTC's presence in the institutional marketplace, with focus on Collective Investment Trust platform, alternative investments, and adviser-led solutions. GTC, a BPAS subsidiary, operates as one of the largest third-party non-depository trust companies in the industry, offering directed and discretionary trustee services for institutional investors and retirement plan sponsors.
Community Financial System (NYSE: CBU) has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be paid on July 10, 2025, to shareholders of record as of June 13, 2025. Based on the closing share price of $53.08 on April 15, 2025, this dividend represents an annualized yield of 3.47%.
BPAS, a subsidiary of Community Financial System (NYSE: CBU), has achieved CEFEX certification from the Centre for Fiduciary Excellence, a division of Broadridge Fi360 Solutions. The certification validates BPAS's adherence to the ASPPA Standard of Practice for Retirement Plan Service Providers, covering best practices in governance, organization, HR, operations, planning, systems, and disclosure.
The company received dual certification for both Record keeping and Third-Party Administration Services. BPAS operates through 17 offices across the nation and Puerto Rico, providing comprehensive retirement plans, benefit plans, fund administration, and collective investment trust services. The certification process included a detailed assessment of operational procedures and on-site interviews.
Community Financial System (NYSE: CBU) has scheduled its first quarter 2025 earnings conference call. The company will release Q1 2025 results before market opens on April 29, 2025.
CEO and President Dimitar Karaivanov will lead the call alongside incoming EVP and CFO Marya Wlos, who will succeed Joseph E. Sutaris. Sutaris will transition to Senior VP, Head of Investor Relations effective March 31, 2025. The management presentation will last approximately 15 minutes, followed by a Q&A session.
The earnings results will be available in the 'News' section of the company's website, where the call recording will be archived for one year with free access.
Community Financial System (NYSE: CBU) has announced the appointment of Marya Burgio Wlos as Executive Vice President and Chief Financial Officer, effective March 31, 2025. Wlos, 47, will succeed Joseph E. Sutaris, who will retire but remain with the company through July 1, 2025, to ensure a smooth transition.
Wlos brings extensive financial experience, having served as Managing Director and COO Investment Bank at M&T Bank since January 2021. Her previous roles include Head of Management Accounting at M&T Bank, Head of Trading Relationship Management at UBS AG, and various finance positions at Citadel and Bank of America.
President and CEO Dimitar A. Karaivanov expressed confidence in Wlos's ability to lead the financial team and execute the company's strategic plan, citing her significant financial experience and industry knowledge.
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