Welcome to our dedicated page for COMMUNITY FINANCIAL SYSTEM SEC filings (Ticker: CBU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Community Financial System, Inc. filings document a diversified financial services company with banking, employee benefit services, insurance services and wealth management services operations. Its Form 8-K reports furnish operating results, Regulation FD investor presentations, director appointments, bank leadership changes and capital actions, including stock repurchase authorization disclosures.
Proxy materials cover annual meeting procedures, shareholder voting matters, board governance, executive compensation and performance discussion across the company's four business lines. The filing record also identifies Community Bank, N.A. and other operating units as recurring subjects in disclosures about business strategy, governance and capital structure for CBU common stock.
Community Financial System, Inc. (CBU) reported stronger Q3 2025 results. Net income rose to $55.088 million from $43.901 million a year ago, and diluted EPS was $1.04 versus $0.83. Net interest income increased to $128.165 million from $112.745 million, while the provision for credit losses declined to $5.564 million from $7.709 million.
Total assets were $16.958 billion as of September 30, 2025, up from $16.386 billion at December 31, 2024. Loans reached $10.750 billion and the allowance for credit losses was $84.944 million. Total deposits were $14.057 billion, compared with $13.442 billion at year‑end 2024.
Noninterest revenues were $78.887 million (vs. $76.197 million), led by employee benefit services $34.408 million and insurance services $14.137 million. Noninterest expenses totaled $128.319 million (vs. $124.203 million). Shareholders’ equity improved to $1.939 billion, aided by a smaller accumulated other comprehensive loss of $(453.164) million (vs. $(548.085) million). The company declared a common dividend of $0.47 per share in the quarter and repurchased $11.034 million of treasury stock. Shares outstanding were 52,661,580 at September 30, 2025.
Community Financial System, Inc. announced its results of operations for the third quarter ended September 30, 2025. The announcement was made on October 21, 2025 via a press release furnished as Exhibit 99.1 to an Item 2.02 Form 8-K. The company’s common stock trades on the NYSE under the symbol CBU. The materials were furnished, not filed, under the Exchange Act, and are available through the exhibit index.
John A. Vaccaro, a director of Community Financial System, Inc. (CBU), filed an initial Form 3 reporting ownership of 175 shares of the issuer's common stock. The filing records the event date as 10/01/2025 and the form was signed by an attorney-in-fact on 10/06/2025. Ownership is reported as direct and no derivative securities are listed.
Michele Sullivan, a director of Community Financial System, Inc. (CBU), reported a grant of 416.318 units of deferred (phantom) stock under the company's Deferred Compensation Plan on 09/18/2025. Each unit equals one share of common stock and will be settled in Community Financial System, Inc. common stock at future dates chosen by the reporting person. The reported per-unit value for the award was $59.75. After this transaction Sullivan beneficially owned 2,620.6326 shares (direct). The Form 4 was signed by Danielle M. Cima on 09/22/2025 confirming the transaction.
Reporting person: Savneet Singh, Director of Community Financial System, Inc. (CBU). The Form 4 reports a transaction dated 09/18/2025 in which the reporting person acquired 351.4644 units of deferred (phantom) stock under the company's Deferred Compensation Plan at a reported price of $59.75 per share-equivalent. The filing shows 351.4644 units underlying common stock and a total beneficial ownership following the transaction of 1,014.6731 shares, held directly. The form explains each phantom unit equals one common share and will be settled in Community Financial System common stock at future dates selected by the reporting person. The Form 4 is signed/confirmed on 09/22/2025.
Neil E. Fesette, a director of Community Financial System, Inc. (CBU), reported a transaction dated 09/18/2025 on Form 4. He acquired 192.4686 units of phantom stock under the company's Deferred Compensation Plan, at an indicated price of $59.75 per unit; each unit is the economic equivalent of one share of CBU common stock and will be settled in common stock at future dates chosen by the reporting person. After the transaction, Mr. Fesette beneficially owned 7,381.9333 shares directly. The Form 4 was signed on behalf of Mr. Fesette by Danielle M. Cima on 09/22/2025.
Community Financial System, Inc. reported that its Board of Directors elected John A. Vaccaro as a new independent director, effective October 1, 2025. Vaccaro is Chairman Emeritus of MML Investors Services, LLC, a national broker-dealer and registered investment advisor with over $285 billion in assets under management, and Chairman of MassMutual Private Wealth & Trust, FSB, both subsidiaries of Massachusetts Mutual Life Insurance Company.
The Board determined that Vaccaro meets New York Stock Exchange and Board independence standards. With his addition, the Board now has 13 directors, 12 of whom are independent. Vaccaro also joins the Board of Community Bank, N.A., serving on its Trust Committee. There are no arrangements regarding his selection and no related party transactions requiring disclosure, and he will be compensated in line with other non-employee directors.
Community Financial System, Inc. has disclosed that it made a minority investment in Leap Holdings, Inc., a Delaware corporation. The company acquired approximately $37,350,000 in various classes of Leap preferred and common stock, signaling a strategic move into a new equity holding. A press release dated September 8, 2025, is incorporated as an exhibit.
The filing includes extensive forward-looking statements language, noting that outcomes depend on factors such as the actual results of Leap’s business, the growth of the Insurtech market, interest rate and macroeconomic conditions, credit quality, competition, regulatory changes, and successful integration of acquisitions. The company emphasizes that actual results may differ materially and that it undertakes no obligation to update these forward-looking statements.
Insider transaction summary: The Form 4 reports that Jeffrey M. Levy, SVP & Chief Banking Officer and director-related officer of Community Financial System, Inc. (CBU), sold 1,440 shares of the issuer's common stock at a price of $61.375 per share on the transaction date reported. After the reported sale, Mr. Levy is shown as beneficially owning 6,656.6389 shares directly and 6,059.7858 shares indirectly through the company 401(k) plan. The filing includes a confirming signature attesting to the accuracy of the statement.
Form 144 notice for Community Financial System, Inc. (CBU) reports a proposed sale of 1,440 common shares on 08/26/2025 through Charles Schwab. The filing lists an aggregate market value of $87,887.09 and shows 52,857,077 shares outstanding. The securities being offered were acquired via RSU vesting: 758 shares on 03/01/2025 and 682 shares on 03/07/2025, with payment/consideration marked as N/A. The filer indicates no other securities sold in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information. The document is a regulatory notice of an intended insider sale and does not provide operational or financial performance details.