Community Financial System Reports Strong Q4 Earnings
Dewitt, N.Y. - Community Financial System, Inc. (CBU) announced fourth-quarter earnings of $49.8 million, surpassing analyst expectations. Net income per share reached 94 cents, exceeding the Zacks consensus estimate of 90 cents.
Adjusted revenue amounted to $197.2 million, also exceeding forecasts of $193.5 million. Overall revenue for the quarter was $246.2 million.
For the full year, CBU reported a profit of $182.5 million ($3.44 per share) and revenue of $750 million. The company's stock has gained nearly 3% year-to-date and 32% over the past year.