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Community Bank System (CBU)
NYSE:CBU
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.92Last Year’s EPS
0.76Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: 3.59%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with record-breaking revenue growth, robust loan and deposit expansion, and successful segments like employee benefits and wealth management. However, challenges included increased nonperforming loans, higher expenses in the insurance services, and a rise in credit loss provisions. Despite these challenges, the company demonstrated strong liquidity and credit quality, contributing to an optimistic outlook for 2025.Company Guidance
In the fourth quarter of 2024 earnings call for Community Financial Systems, Inc. (CBU), the company reported strong financial performance and provided guidance for 2025. The operating pre-tax pre-provision net revenue (PPNR) per share grew by 8.5% from the previous quarter and 23.9% year-over-year, reaching $1.40. Operating earnings per share increased by 2.2% over the year. The company experienced robust growth in net interest income for the 18th consecutive year and saw a rise in fee income by 11.8%. Loan growth was notable at 7.5%, with commercial lending achieving double-digit growth. The company maintained a low cost of funds, with a deposit beta of 22%, and enhanced its liquidity position with $5.8 billion in available liquidity. For 2025, CBU anticipates mid-single-digit growth in its banking business, continued investment in employee benefit and insurance services, and expects credit costs to trend towards historical averages. Additionally, the company plans to open 16 new branches while consolidating others to optimize expenses. Overall, CBU aims to sustain its market share growth and manage a below-average risk profile in the upcoming year.Record-Breaking Revenue and Growth
Operating PPNR of $1.40 per share, which grew 8.5% compared to the prior quarter and 23.9% compared to last year's fourth quarter. Total operating revenues of $196 million, up 10.8% from a year prior.
Strong Loan and Deposit Growth
Loans grew by 7.5%, with overall lending growth of $728 million. Overall deposits grew by $514 million or 4%.
Employee Benefits Services Success
Revenues expanded by 11.8%, and operating income expanded by 11.9%.
Wealth Management Services Performance
Revenue growth of 14.9% and operating income growth of 22.9%.
Strong Liquidity and Credit Quality
Available liquidity of $5.8 billion or 246% of net uninsured deposits. Charge-offs of 10 basis points, half of the KRX Index average.
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CBU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CBU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 21, 2025 | $63.26 | $65.33 | +3.27% |
| Oct 22, 2024 | $58.45 | $57.42 | -1.76% |
| Jul 23, 2024 | $58.49 | $60.51 | +3.45% |
| Apr 23, 2024 | $43.34 | $43.46 | +0.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Community Bank System (CBU) report earnings?
Community Bank System (CBU) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Community Bank System (CBU) earnings time?
Community Bank System (CBU) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CBU EPS forecast?
CBU EPS forecast for the fiscal quarter 2025 (Q1) is 0.92.
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