CBU

MKT CAP:$3B

Community Bank System, Inc.

Market Cap

$3B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$63.12+$5.02 (+8.64%)

Apr 23, 2026

Company Details

Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, and municipal customers. It operates through three segments: Banking...

CEO

Dimitar A. Karaivanov

IPO Date

Nov 26, 1985

Website

cbna.com

Key Metrics TTM

Revenue

$929M

-1.3% YoY

Net Income

$210M

EPS (Diluted)

$3.97

Free Cash Flow

$218M

Revenue / Share

$16.57

Gross Margin

73.4%

Operating Margin

31.4%

Net Margin

22.7%

FCF Margin

23.5%

P/S

3.5x

P/E

15.6x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 27, 2026

$929M-1.3%EPS $3.98

Q4 2025

Feb 27, 2026

$181M-26.3%EPS $1.02

Q3 2025

Nov 6, 2025

$256M+6.7%EPS $1.04

Q2 2025

Aug 8, 2025

$247M+6.9%EPS $0.97

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$163M	$160M	$60M
Q2 22	$170M	$161M	$51M
Q3 22	$181M	$171M	$62M
Q4 22	$188M	$173M	$67M
Q1 23	$139M	$121M	$7M
Q2 23	$198M	$175M	$61M
Q3 23	$205M	$172M	$56M
Q4 23	$214M	$173M	$44M
Q1 24	$223M	$171M	$53M
Q2 24	$231M	$181M	$62M
Q3 24	$240M	$181M	$57M
Q4 24	$246M	$190M	$65M
Q1 25	$244M	$190M	$64M
Q2 25	$247M	$195M	$66M
Q3 25	$256M	$201M	$73M
Q4 25	$181M	$96M	$88M

Valuation

Quarter	P/S	P/E
Q1 22	5.1x	17.8x
Q2 22	5.0x	18.6x
Q3 22	4.8x	18.3x
Q4 22	4.7x	17.4x
Q1 23	4.8x	22.3x
Q2 23	4.6x	21.1x
Q3 23	4.5x	21.7x
Q4 23	4.3x	24.8x
Q1 24	3.9x	19.6x
Q2 24	3.7x	19.6x
Q3 24	3.6x	19.7x
Q4 24	3.5x	17.9x
Q1 25	3.4x	17.1x
Q2 25	3.3x	16.8x
Q3 25	3.3x	15.9x
Q4 25	3.5x	15.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$52M	$49M
Q2 22	$47M	$44M
Q3 22	$44M	$40M
Q4 22	$72M	$69M
Q1 23	$77M	$73M
Q2 23	$41M	$39M
Q3 23	$65M	$58M
Q4 23	$45M	$40M
Q1 24	$80M	$77M
Q2 24	$40M	$34M
Q3 24	$57M	$52M
Q4 24	$66M	$59M
Q1 25	$63M	$52M
Q2 25	$54M	$36M
Q3 25	$101M	$83M
Q4 25	$85M	$46M

Capital Expenditures

Quarter	CapEx
Q1 22	$3M
Q2 22	$3M
Q3 22	$5M
Q4 22	$3M
Q1 23	$4M
Q2 23	$3M
Q3 23	$7M
Q4 23	$5M
Q1 24	$3M
Q2 24	$6M
Q3 24	$5M
Q4 24	$7M
Q1 25	$11M
Q2 25	$17M
Q3 25	$18M
Q4 25	$38M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+4.6%	+13.5%
Q2 22	+10.0%	+29.2%
Q3 22	+13.2%	+15.8%
Q4 22	+15.4%	+13.5%
Q1 23	-14.8%	+27.6%
Q2 23	+16.1%	+13.9%
Q3 23	+13.3%	+25.6%
Q4 23	+14.1%	+41.5%
Q1 24	+60.2%	+28.6%
Q2 24	+17.1%	+24.4%
Q3 24	+17.0%	+22.7%
Q4 24	+15.0%	+6.7%
Q1 25	+9.3%	+5.6%
Q2 25	+6.9%	+7.1%
Q3 25	+6.7%	-0.0%
Q4 25	-26.3%	-48.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	1.2%
Q2 22	$2M	1.4%
Q3 22	$2M	1.0%
Q4 22	$2M	0.9%
Q1 23	$2M	1.6%
Q2 23	$2M	1.0%
Q3 23	$3M	1.2%
Q4 23	$3M	1.2%
Q1 24	$2M	1.1%
Q2 24	$2M	0.9%
Q3 24	$2M	0.9%
Q4 24	$2M	0.8%
Q1 25	$3M	1.3%
Q2 25	$3M	1.0%
Q3 25	$2M	0.9%
Q4 25	$3M	1.6%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$62M	$3M
Q2 22	$65M	$4M
Q3 22	$66M	$4M
Q4 22	$24M	$3M
Q1 23	$71M	$3M
Q2 23	$68M	$5M
Q3 23	$71M	$5M
Q4 23	$72M	$4M
Q1 24	$73M	$3M
Q2 24	$73M	$4M
Q3 24	$78M	$4M
Q4 24	$76M	$5M
Q1 25	$76M	$3M
Q2 25	$79M	$4M
Q3 25	$77M	$5M
Q4 25	$4M	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.0B	$5.8B	$6.8B
Q2 22	$198M	$5.6B	$5.8B
Q3 22	$247M	$5.2B	$5.4B
Q4 22	$210M	$4.2B	$4.4B
Q1 23	$189M	$3.5B	$3.7B
Q2 23	$223M	$3.1B	$3.3B
Q3 23	$456M	$2.8B	$3.2B
Q4 23	$191M	$2.9B	$3.1B
Q1 24	$338M	$2.9B	$3.2B
Q2 24	$201M	$2.8B	$3.0B
Q3 24	$346M	$2.9B	$3.2B
Q4 24	$192M	$317M	$509M
Q1 25	$513M	$321M	$834M
Q2 25	$231M	$2.5B	$2.7B
Q3 25	$230M	$2.9B	$3.1B
Q4 25	$302M	$0	$302M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	54M	-0.3%	+0.2%
Q2 22	54M	-0.3%	-0.5%
Q3 22	54M	-0.2%	-0.5%
Q4 22	54M	+0.2%	-0.6%
Q1 23	54M	-0.4%	-0.6%
Q2 23	54M	-0.5%	-0.8%
Q3 23	54M	-0.3%	-1.0%
Q4 23	54M	+0.1%	-1.1%
Q1 24	53M	-0.4%	-1.1%
Q2 24	53M	-1.0%	-1.6%
Q3 24	53M	-0.5%	-1.7%
Q4 24	53M	+0.8%	-1.1%
Q1 25	53M	-0.6%	-1.3%
Q2 25	53M	+0.6%	+0.3%
Q3 25	53M	-0.2%	+0.7%
Q4 25	56M	+5.7%	+5.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$55.8K	3K
Q2 22	$58.2K	3K
Q3 22	$61.9K	3K
Q4 22	$62.0K	3K
Q1 23	$46.0K	3K
Q2 23	$65.3K	3K
Q3 23	$67.8K	3K
Q4 23	$70.8K	3K
Q1 24	$73.7K	3K
Q2 24	$76.5K	3K
Q3 24	$79.3K	3K
Q4 24	$84.4K	3K
Q1 25	$83.5K	3K
Q2 25	$84.8K	3K
Q3 25	$87.8K	3K
Q4 25	$60.5K	3K

Revenue / Employee