COMMUNITY FINANCIAL SYSTEM, INC. CBU

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived NYSE

Community Financial System, Inc. (the "Company") was incorporated on April 15, 1983, under the Delaware General Corporation Law. Its principal office is located at 333 Butternut Drive, Syracuse, New York 13214. The Company's business philosophy is to operate as a diversified financial services enterprise providing a broad array of banking and other financial services to retail, commercial, institutional and governmental customers. The Company is a registered financial holding company which wholly-owns two significant subsidiaries: Community Bank, N.A. (the "Bank" or "CBNA"), and Benefit Plans Administrative Services, Inc. ("BPAS"). As of December 31, 2025, BPAS owns five subsidiaries: Benefit Plans Administrative Services, LLC ("BPA"), a provider of defined contribution plan administration services; Northeast Retirement Services, LLC ("NRS"), a provider of institutional transfer agency, master recordkeeping services, fund administration, trust, and retirement plan services; BPAS Actuarial & Pension Services, LLC ("BPAS-APS"), a provider of actuarial and benefit consulting services; BPAS Trust Company of Puerto Rico, a provider of trust and benefit plan administration services; and Hand Benefits & Trust Company ("HB&T"), a provider of collective investment fund administration and institutional trust services. NRS owns one subsidiary, Global Trust Company, Inc. ("GTC"), a non-depository trust company which provides fiduciary services for collective investment trusts and other products. HB&T owns one subsidiary, Hand Securities, Inc. ("HSI"), an introducing broker-dealer.

Last close 62.42 2026-10-23
Market cap $3.28B 2026-06-30 share count
52-week range 53.46 - 71.11

Valuation FY2025 figures against the last close

P/S4.0x
P/E15.7x
P/FCF14.1x
EV/EBITDA—
Dividend yield3.0%
Diluted EPS3.97

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Banking and Corporate
  • Employee Benefit Services
  • Insurance Services
  • Wealth Management Services
Revenue by segment, 4 categories over 1 years. The same figures are in the table below. FY2025 Banking and Corporate, FY2025: 586.8M (71.3%) 71% Banking and Corporate Employee Benefit Services, FY2025: 142.4M (17.3%) 17% Insurance Services, FY2025: 54.4M (6.6%) 7% Wealth Management Services, FY2025: 39.4M (4.8%) 5%
Segment FY2025
Banking and Corporate $586.8M
Employee Benefit Services $142.4M
Insurance Services $54.4M
Wealth Management Services $39.4M

As the company reported it, from the “SEGMENT INFORMATION (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $818.0M$643.5M$652.1M$679.4M$387.4M$389.3M$385.7M$362.7M$329.5M$285.2M
Total operating expenses —————————$266.8M
Interest expense $192.7M$194.4M$437.3M$23.1M$13.0M$20.9M$26.6M$17.7M$13.8M$11.3M
Pre-tax income $275.4M$236.7M$168.2M$240.3M$241.3M$206.1M$209.3M$213.0M$160.0M$154.6M
Income tax $64.9M$54.2M$36.3M$52.2M$51.7M$41.4M$40.3M$44.3M$9.2M$50.8M
Net income $210.5M$182.5M$131.9M$188.1M$189.7M$164.7M$169.1M$168.6M$150.7M$103.8M
EPS, basic 3.983.442.453.483.513.103.263.283.072.34
EPS, diluted 3.973.442.453.463.483.083.233.243.032.32
Shares, diluted (wtd. avg.) 52.8M52.9M53.7M54.2M54.4M53.3M52.2M51.7M49.5M44.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $301.8M$197.0M$191.0M$209.9M$1.88B$1.65B$205.0M$211.8M$221.0M$173.9M
Property, plant and equipment $246.5M$183.8M$173.4M$160.8M$160.7M$165.7M$164.6M$120.0M$123.4M$112.3M
Goodwill $888.0M$853.2M$845.4M$841.8M$799.1M$793.7M$773.8M$733.5M$734.4M$465.1M
Other intangibles $54.7M$48.2M$52.6M$61.0M$65.2M$52.9M$63.1M$73.8M$90.7M$15.7M
Total assets $17.30B$16.39B$15.56B$15.84B$15.55B$13.93B$11.41B$10.61B$10.75B$8.67B
Short-term debt ———————$54.4M$24.0M$146.2M
Long-term debt —$990.2M————————
Total liabilities $15.30B$14.62B$13.86B$14.28B$13.45B$11.83B$9.56B$8.89B$9.11B$7.47B
Retained earnings $1.39B$1.28B$1.19B$1.15B$1.06B$960.2M$882.9M$795.6M$700.6M$614.7M
Total equity $2.01B$1.76B$1.70B$1.55B$2.10B$2.10B$1.86B$1.71B$1.64B$1.20B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $301.9M$242.3M$228.4M$214.6M$202.5M$179.5M$202.5M$221.4M$189.7M$135.8M
Depreciation and amortisation $15.6M$13.7M$13.0M$14.4M$15.6M$16.0M$15.9M$15.7M$16.0M$14.4M
Stock-based compensation $10.9M$8.4M$9.3M$7.7M$6.3M$6.4M$5.3M$6.1M$5.1M$4.8M
Capital expenditure $68.5M$20.7M$18.6M$12.9M$13.4M$14.8M$5.7M$12.6M$10.8M$12.4M
Investing cash flow -$182.1M-$835.6M$335.8M-$2.14B-$1.53B-$398.7M-$157.1M$17.5M$131.4M-$122.0M
Financing cash flow -$15.0M$599.4M-$583.1M$259.2M$1.56B$1.66B-$52.3M-$248.1M-$273.9M$6.9M
Dividends paid $97.6M$95.8M$95.1M$93.4M$91.1M$87.1M$80.2M$71.5M$62.3M$55.0M
Buybacks $11.2M$45.8M$30.0M$16.6M$5.1M$271.0K$286.0K$298.0K$3.3M$3.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-021651.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 250M 500M 750M 1B Revenue, FY2016: 285.2M Net income, FY2016: 103.8M Revenue, FY2017: 329.5M Net income, FY2017: 150.7M Revenue, FY2018: 362.7M Net income, FY2018: 168.6M Revenue, FY2019: 385.7M Net income, FY2019: 169.1M Revenue, FY2020: 389.3M Net income, FY2020: 164.7M Revenue, FY2021: 387.4M Net income, FY2021: 189.7M Revenue, FY2022: 679.4M Net income, FY2022: 188.1M Revenue, FY2023: 652.1M Net income, FY2023: 131.9M Revenue, FY2024: 643.5M Net income, FY2024: 182.5M Revenue, FY2025: 818M Net income, FY2025: 210.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $285.2M $329.5M $362.7M $385.7M $389.3M $387.4M $679.4M $652.1M $643.5M $818.0M
Gross profit — — — — — — — — — —
Net income $103.8M $150.7M $168.6M $169.1M $164.7M $189.7M $188.1M $131.9M $182.5M $210.5M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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