Community Bank System, Inc. Reports Second Quarter 2023 Results
31 7월 2023 - 7:45PM
Business Wire
Community Bank System, Inc. (the “Company”) (NYSE: CBU) reported
second quarter 2023 results that are included in the attached
supplement. This earnings release, including supporting financial
tables, is also available within the press releases section of the
Company's investor relations website at:
https://ir.communitybanksystem.com/news-presentations/press-releases/.
An archived webcast of the earnings call will be available on this
site for one full year.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230731790156/en/
Second Quarter 2023 Performance Highlights
Summary
- Second Quarter 2023 Net Income of $48.3 million, or $0.89 per
fully-diluted share, was up $8.5 million, or $0.16 per
fully-diluted share, from the prior year’s second quarter
- Operating Net Income, a non-GAAP measure, of $49.1 million, or
$0.91 per fully-diluted share, was up $2.8 million, or $0.06 per
fully-diluted share, from the prior year’s second quarter
- Total Loans of $9.17 billion, was up $188.4 million, or 2.1%,
from the end of the prior quarter
- Total Financial Services (Employee Benefit Services, Insurance
Services and Wealth Management Services) Revenues of $48.3 million,
was up $1.4 million, or 3.1%, from the prior year’s second
quarter
- Annualized Loan Net Charge-Offs of 0.03% was down 0.04
percentage points from the end of the prior quarter
- Tier 1 Leverage Ratio of 9.35% was up 0.29 percentage points
from the end of the prior quarter
Company management will conduct an investor call at 11:00 a.m.
(ET) today, July 31, 2023, to discuss the second quarter 2023
results. The conference call can be accessed at 1-833-630-0464
(1-412-317-1809 if outside the United States and Canada). Investors
may also listen live via the Internet at:
https://app.webinar.net/4bGKa4M5koZ.
About Community Bank System, Inc.
Community Bank System, Inc. is a diversified financial services
company focused on four main business lines – banking, benefits
administration, insurance services and wealth management with total
assets of $15.1 billion. Its banking subsidiary, Community Bank,
N.A., is among the country’s 100 largest banking institutions and
operates more than 200 customer facilities across Upstate New York,
Northeastern Pennsylvania, Vermont, and Western Massachusetts. In
addition to a full range of retail, business, and municipal banking
services, the Company offers comprehensive financial planning,
trust administration and wealth management services through its
Community Bank Wealth Management operating unit. The Company’s
Benefit Plans Administrative Services, Inc. subsidiary is a leading
provider of employee benefits administration, trust services,
collective investment fund administration, and actuarial consulting
services to customers on a national scale. The Company’s OneGroup
NY, Inc. subsidiary is a top 100 U.S. insurance agency. Community
Bank System, Inc. is listed on the New York Stock Exchange and the
Company’s stock trades under the symbol CBU. For more information
about Community Bank visit www.cbna.com or
https://ir.communitybanksystem.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230731790156/en/
Joseph E. Sutaris, EVP & Chief Financial Officer (315)
445-7396
Community Bank System (NYSE:CBU)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Community Bank System (NYSE:CBU)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024