Market Overview

Community Bank System: Q3 Earnings Insights

Share:

Shares of Community Bank System (NYSE:CBU) were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 1.19% over the past year to $0.85, which beat the estimate of $0.69.

Revenue of $152,624,000 up by 2.87% year over year, which beat the estimate of $149,980,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Community Bank System hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 26, 2020

Time: 11:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/995/37701

Technicals

52-week high: $72.63

52-week low: $47.01

Price action over last quarter: Up 2.61%

Company Profile

Community Bank System is a financial holding company. The company primarily operates through two wholly-owned subsidiaries: Community Bank, N.A. and Benefit Plans Administrative Services. Community Bank's business is operating a community bank providing a broad array of banking and financial services. These are offered chiefly to retail, commercial, and municipal customers in nonmetropolitan markets, including small towns in upstate New York and Northeastern Pennsylvania. The company has historically relied on acquisitions to fuel growth, in addition to growing organically. A majority of its loan portfolio is tilted toward the consumer market on an installment, line of credit, or residential mortgage loan basis. The majority of the company's net revenue is net interest income.

 

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Posted-In: Earnings News