COMMUNITY FINANCIAL SYSTEM, INC.

Listed Company

CBUCIK 0000723188NYSELarge AcceleratedNational Commercial BanksDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$210.46M

Total Assets

$17.30B

Equity

$2.01B

Shares Out

52.55M

Op. Cash Flow

$301.86M

+ 13F Filer

CBU$68.75+17.64% · past yearDBEQ Basic

Daily closing prices

Business

Community Financial System, Inc. is a financial holding company providing diversified banking and financial services to retail, commercial, institutional and governmental customers across Upstate New York, Northeastern Pennsylvania, Vermont, Western Massachusetts and Southern New Hampshire. The Company operates through Community Bank, N.A., which offers commercial and retail banking services through 192 full-service branches and 8 drive-thru locations, alongside subsidiaries providing employee benefit plan administration, insurance and risk management products, and wealth management and trust services. The Company's four reportable segments are Banking and Corporate, Employee Benefit Services, Insurance Services and Wealth Management Services.

Summary from 10-K filed 2026-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	597	546	445	335	308
Interest and dividends on taxable investments	92	86	82	95	69
Interest and dividends on nontaxable investments	11	12	14	13	10
Total interest income	699	644	541	444	387
Interest on deposits	162	160	85	15	12
Interest on borrowings	31	35	19	8	1
Total interest expense	193	194	104	23	—
Net interest income	507	449	437	421	374
Provision for credit losses	21	23	11	15	−9
Net interest income after provision for credit losses	485	426	426	406	383
Deposit service fees	59	58	55	67	59
Mortgage banking	4	4	595,000	390,000	2
Other banking services	21	16	15	5	4
Employee benefit services	136	131	118	115	114
Insurance services	54	50	47	40	34
Wealth management services	37	37	32	32	33
Loss on sales of investment securities	0	−487,000	−52	0	0
Gain on debt extinguishment	0	0	242,000	0	0
Unrealized gain (loss) on equity securities	375,000	1	−47,000	−44,000	17,000
Loss from equity method investments	−285,000	0	0	—	—
Total noninterest revenues	311	297	215	259	246
Salaries and employee benefits	314	301	282	257	242
Data processing and communications	70	62	58	54	51
Occupancy and equipment	48	44	43	42	41
Business development and marketing	15	16	16	13	9
Legal and professional fees	18	15	16	14	12
Amortization of intangible assets	14	14	15	15	14
Other expenses	42	35	45	23	19
Total noninterest expenses	521	487	473	424	388
Income before income taxes	275	237	168	240	241
Income taxes	65	54	36	52	52
Net income	210	182	132	188	190
Basic earnings per share (in dollars per shares)	3.98	3.44	2.45	3.48	3.51
Diluted earnings per share (in dollars per shares)	3.97	3.44	2.45	3.46	3.48

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents (includes restricted cash of $14,760 and $5,110, respectively)	302	197	191	210	1,875
Available-for-sale investment securities, includes pledged securities that can be sold or repledged of $319,478 and $362,129, respectively (cost of $3,148,728 and $3,192,392, respectively)	2,875	2,786	2,920	4,152	4,934
Held-to-maturity securities (fair value of $1,370,464 and $1,220,168, respectively)	1,454	1,345	1,172	1,080	—
Equity and other securities	77	88	73	83	45
Loans	10,950	10,432	9,705	8,809	—
Allowance for credit losses	−88	−79	−67	−61	−51
Loans, net of allowance for credit losses	10,862	10,353	9,638	8,748	—
Goodwill	888	853	845	842	799
Core deposit intangibles, net	15	5	8	12	9
Other intangibles, net	40	43	44	49	56
Goodwill and intangible assets, net	943	901	898	903	—
Premises and equipment, net	247	184	173	161	161
Accrued interest and fees receivable	58	54	55	53	36
Equity method investments	37	0	—	—	—
Other assets	449	478	436	446	314
Total assets	17,303	16,386	15,556	15,836	15,553
Noninterest-bearing deposits	3,683	3,557	3,639	4,141	3,922
Interest-bearing deposits	10,704	9,884	9,290	8,872	8,990
Total deposits	14,387	13,442	12,928	13,012	12,911
Overnight borrowings	0	118	53	768	0
Securities sold under agreement to repurchase, short-term	231	262	305	347	325
Federal Home Loan Bank and other borrowings	459	619	408	—	—
Accrued interest and other liabilities	220	183	164	134	211
Total liabilities	15,297	14,623	13,858	14,284	13,452
Commitments and contingencies (See Note N)	—	—	—	—	—
Preferred stock, $1.00 par value, 500,000 shares authorized, 0 shares issued	0	0	0	0	0
Common stock, $1.00 par value, 75,000,000 shares authorized; 54,907,426 and 54,696,208 shares issued, respectively	55	55	54	54	54
Additional paid in capital	1,088	1,076	1,060	1,050	1,041
Retained earnings	1,388	1,275	1,189	1,152	1,058
Accumulated other comprehensive loss	−419	−548	−557	−686	−51
Treasury stock, at cost (2,225,209 shares, including 94,479 shares held by deferred compensation arrangements at December 31, 2025, and 2,028,372 shares including 103,696 shares held by deferred compensation arrangements at December 31, 2024)	−111	−101	−56	−26	−11
Deferred compensation arrangements (94,479 and 103,696 shares, respectively)	5	6	7	8	8
Total shareholders' equity	2,006	1,763	1,698	1,552	2,101
Total liabilities and shareholders' equity	17,303	16,386	15,556	15,836	15,553

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	16	14	13	14	16
Net amortization on securities, loans, finance leases and borrowings	14	11	6	−19	—
Stock-based compensation	11	8	9	8	6
Provision for deferred income taxes	12	674,000	−8	1	8
Amortization of mortgage servicing rights	779,000	722,000	849,000	801,000	519,000
Income from bank-owned life insurance policies	−3	−2	−2	−2	−2
Net gain on sale of assets	−855,000	−2	−1	−655,000	−328,000
Change in other assets and liabilities	8	−6	1	−6	2
Net cash provided by operating activities	302	242	228	215	203
Proceeds from maturities, calls, and paydowns of available-for-sale investment securities	53	60	598	262	424
Proceeds from maturities, calls, and paydowns of held-to-maturity investment securities	30	9	208,000	0	0
Proceeds from maturities and redemptions of equity and other investment securities, net	14	398,000	15	5	3
Proceeds from sales of available-for-sale investment securities	0	58	734	0	0
Purchases of held-to-maturity investment securities	−110	−153	−63	0	0
Purchases of equity and other securities, net	−2	−14	−5	−35	−353,000
Net increase in loans	−533	−766	−923	−1,004	50
Cash received (paid) for acquisitions, net of cash acquired	470	−16	−9	−668,000	−29
Purchases of equity method investments	−37	0	0	—	—
Proceeds from sales of premises, equipment and other assets	2	6	7	2	201,000
Purchases of premises and equipment	−69	−21	−19	−13	−13
Net cash used in investing activities	−182	−836	336	−2,139	−1,531
Net increase (decrease) in deposits	402	514	−84	−421	1,686
Net (decrease) increase in overnight borrowings	−118	65	−715	768	0
Net decrease in securities sold under agreement to repurchase, short-term	−30	−43	−42	22	41
Proceeds from other Federal Home Loan Bank borrowings	0	250	400	0	0
Payments on and maturities of other Federal Home Loan Bank borrowings	−160	−47	−12	−95,000	−5
Payments of contingent consideration for acquisitions	−1	−3	−1	0	0
Redemption of subordinated notes payable	0	0	−3	0	0
Proceeds from the issuance of common stock for employee stock plans	5	7	1	1	10
Purchases of treasury stock	−11	−46	−30	−17	−5
Cash dividends paid	−98	−96	−95	−93	−91
Withholding taxes paid on share-based compensation	−3	−1	−1	−1	−1
Net cash (used in) provided by financing activities	−15	599	−583	259	1,557
Change in cash, cash equivalents and restricted cash	105	6	−19	−1,665	229
Cash paid for interest	193	193	100	23	14
Cash paid for income taxes	40	44	42	57	42
Transfers from loans to other real estate	7	3	1	543,000	520,000
Transfers from premises and equipment, net to other assets	277,000	2	3	6	0
Finance lease right of use asset in exchange for finance lease liability	0	9	0	0	—
Fair value of assets acquired, excluding acquired cash and intangibles	37	497,000	243,000	491	1
Fair value of liabilities assumed	546	2	18,000	544	1
Contingent consideration in exchange for acquired assets	7	4	1	0	3

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Holdings (13F)

Portfolio as of 2014-09-30 · 1,068 positions

Reported AUM

$913.82M

Holdings

1.1K

Top sector

$913.82M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$913.82M	100.0%

Top holdings

Issuer	Ticker	Shares	Value	%
ISHARES TR S&P 500 INDEX FD	—	210.0K	$41.64M	4.6%
ISHARES TR S&P 500 INDEX FD	—	210.0K	$41.64M	4.6%
COMMUNITY BK SYS INC	—	891.0K	$29.93M	3.3%
COMMUNITY BK SYS INC	—	891.0K	$29.93M	3.3%
COMMUNITY BK SYS INC	—	797.9K	$26.80M	2.9%
COMMUNITY BK SYS INC	—	797.9K	$26.80M	2.9%
ISHARES CORE MSCI EAFE ETF	—	360.9K	$21.02M	2.3%
ISHARES CORE MSCI EAFE ETF	—	360.9K	$21.02M	2.3%
INTL BUSINESS MACHINES CORP	—	83.6K	$15.86M	1.7%
INTL BUSINESS MACHINES CORP	—	83.6K	$15.86M	1.7%

Frequently asked questions

What is COMMUNITY FINANCIAL SYSTEM, INC.'s CIK number?

COMMUNITY FINANCIAL SYSTEM, INC.'s SEC CIK number is 0000723188 (723188). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find COMMUNITY FINANCIAL SYSTEM, INC.'s SEC filings?

All of COMMUNITY FINANCIAL SYSTEM, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did COMMUNITY FINANCIAL SYSTEM, INC. last report earnings?

COMMUNITY FINANCIAL SYSTEM, INC. (CBU) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-050927). This is COMMUNITY FINANCIAL SYSTEM, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is COMMUNITY FINANCIAL SYSTEM, INC.'s most recent earnings 8-K?

COMMUNITY FINANCIAL SYSTEM, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001104659-26-050927. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View COMMUNITY FINANCIAL SYSTEM, INC.'s latest earnings 8-K →
Look up any company's CIK number →