Every material Form 8-K Community Bank System has filed with the SEC since October 22, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Community Financial System reported third quarter 2026 GAAP net income of $61.3 million, or $1.16 per share, up from $1.04 a year earlier and flat with the second quarter. Operating diluted EPS was $1.27, up 16.5% year over year, and total revenues rose 9.8% to $227.3 million, which points to stronger earnings for shareholders. The company also declared a quarterly dividend of $0.49 per share, up $0.02.
GAAP net income of $61.3 million, or $1.16 per share, versus $1.04 per share in Q3 2025 and flat with Q2 2026
Operating diluted EPS of $1.27, up 16.5% year over year and 9.5% from Q2 2026
Total revenues of $227.3 million, up 9.8% from Q3 2025; net interest income of $143.5 million, up 12.0%
Quarterly dividend of $0.49 per share, payable January 11, 2027, the 34th consecutive year of dividend increases
Community Financial System reported second quarter 2026 net income of $61.3 million, or $1.16 per share, up from $51.3 million, or $0.97 per share, a year earlier. Total revenues rose 12.0% year over year to $223.2 million, and the company raised its quarterly dividend to $0.49 per share, effective with a payment on October 13, 2026.
Q2 2026 net income $61.3 million, or $1.16 per share, versus $0.97 per share in Q2 2025
Operating diluted EPS of $1.16 was up 11.5% year over year and 0.9% from Q1 2026's $1.15
Total revenues $223.2 million, up 12.0% year over year; noninterest expenses $137.7 million, up 6.7%
Quarterly dividend increased $0.02 to $0.49 per share, payable October 13, 2026 to holders of record September 15, 2026
Community Financial System (NYSE: CBU) reported first quarter 2026 net income of $57.2 million, or $1.08 per share, compared with $49.6 million, or $0.93 per share, a year earlier. Operating diluted earnings per share were $1.15, up 17.3% year over year, and net interest income rose 12.1% to $134.7 million, while total revenues were $213.3 million, up 8.7%.
Q1 2026 net income was $57.2 million, or $1.08 per share, versus $0.93 per share in Q1 2025 and $1.03 in Q4 2025
Total noninterest expenses rose 6.2% to $133.0 million from $125.3 million a year earlier
Pending acquisition of ClearPoint Federal Bank & Trust for approximately $40 million in cash is expected to close in the second quarter of 2026
Community Financial System, Inc. (CBU) elected Brenda M. Hall, a former Selective Insurance Chief Operating Officer of Standard Lines, as an independent director effective March 1, 2026. She also joins the board of its banking subsidiary, Community Bank, N.A., and will serve on the Risk Committee of both boards, with the board growing to 14 directors, 13 of them independent.
Brenda M. Hall is a former Executive Vice President and Chief Operating Officer of Standard Lines at Selective Insurance Group, serving as COO from October 2019 until her retirement in January 2026
Board now has 14 directors, 13 of whom are independent
Ms. Hall will serve on the Risk Committee of the Company and Community Bank, N.A.
Ms. Hall will receive compensation consistent with other non-employee directors
Community Financial System reported fourth-quarter 2025 net income of $54.4 million, or $1.03 per share, up from $0.94 a year earlier, and total revenues of $215.5 million, up 9.8%. For full-year 2025 it reported net income of $210.5 million, or $3.97 per share. Management said the company is well positioned for another year of earnings growth in 2026, but the filing gives no numeric 2026 forecast.
Q4 2025 net income $54.4 million, or $1.03 per share, versus $49.8 million, or $0.94 per share, in Q4 2024
Q4 2025 operating diluted EPS of $1.12, versus $1.00 a year earlier; full-year 2025 operating diluted EPS of $4.24
Q4 2025 total revenues $215.5 million, up 9.8% from Q4 2024; net interest income $133.4 million, up 11.2%
ClearPoint Federal Bank & Trust acquisition for approximately $40 million in cash, expected to close in Q2 2026
Community Financial System's bank subsidiary named Matthew K. Durkee SVP and Chief Banking Officer effective January 1, 2026, succeeding Jeffrey M. Levy, who retired as planned on December 31, 2025. The board also approved a 2026 stock repurchase program of up to 2,633,000 shares, which replaces a program that expired at the end of 2025 under which 206,054 shares were bought in 2025.
Matthew K. Durkee succeeded Jeffrey M. Levy as SVP and Chief Banking Officer of Community Bank, N.A., effective January 1, 2026
Levy will provide consulting services from January 5, 2026 through June 30, 2026, for a monthly fee of $25,000
Board approved repurchases of up to 2,633,000 shares during the twelve months starting January 1, 2026, subject to regulatory approval
The prior program expired December 31, 2025; the company repurchased 206,054 shares under it during 2025
Community Financial System reported third quarter 2025 net income of $55.1 million, or $1.04 per share, up from $43.9 million, or $0.83 per share, a year earlier. Total revenues rose 9.6% year over year to $207.1 million, and the company said operating diluted EPS of $1.09 was a second consecutive quarterly record. For shareholders, the filing shows higher earnings and revenue compared with both the prior year and the prior quarter.
Net income $55.1 million, or $1.04 per share, versus $43.9 million, or $0.83 per share, in Q3 2024
Operating diluted EPS of $1.09, up from $0.88 a year earlier and $1.04 in Q2 2025
Total revenues of $207.1 million, up 9.6% from $188.9 million in Q3 2024
Quarterly dividend of $0.47 per share declared; Santander branch acquisition expected to close November 7, 2025
Community Financial System, Inc. (NYSE: CBU) said its Board elected John A. Vaccaro as a new independent director, effective October 1, 2025, bringing the Board to 13 directors, 12 of whom are independent. Vaccaro, former CEO of MML Investors Services, also joined the board of its banking subsidiary, Community Bank, N.A. The filing describes a board addition with wealth management and insurance experience and does not report any financial results.
Board elected John A. Vaccaro on September 17, 2025, effective October 1, 2025
Vaccaro was CEO of MML Investors Services from 2009 until March 2025 and is Chairman Emeritus of that firm
Board now has 13 directors, 12 of them independent; Vaccaro also joined Community Bank, N.A. board and its Trust Committee
Community Financial System said Jeffrey M. Levy, Senior Vice President and Chief Banking Officer of its subsidiary Community Bank, N.A., will retire effective December 31, 2025. The company named Matthew Durkee, the bank's President, Commercial Banking, as his successor, effective January 1, 2026. The filing is an executive succession notice with no financial figures disclosed.
Jeffrey M. Levy notified the company of his retirement on July 21, 2025, effective December 31, 2025
Levy has been SVP and Chief Banking Officer of Community Bank, N.A. since January 1, 2024
Matthew Durkee, the bank's President, Commercial Banking, will succeed Levy on January 1, 2026
Durkee joined the bank in January 2022 as President of the New England Region
Community Financial System reported second quarter 2025 net income of $51.3 million, or $0.97 per share, up from $0.91 a year earlier, and operating net income of $55.4 million, or $1.04 per share. Total revenues rose 8.4% from a year earlier to $199.3 million, driven by higher net interest income, which the company said reached a quarterly record. The company also agreed on June 24, 2025 to acquire seven branches in the Allentown, Pennsylvania area from Santander Bank, N.A., which is expected to add about $600 million of customer deposits and close in the fourth quarter of 2025.
Net income of $51.3 million, or $0.97 per share, versus $47.9 million, or $0.91 per share, in Q2 2024
Total revenues of $199.3 million, up $15.5 million, or 8.4%, from the prior year's second quarter
Net interest income of $124.7 million, up 14.0% year over year
Santander branch acquisition expected to add about $600 million of customer deposits; closing expected in Q4 2025, subject to regulatory approval
Community Financial System reported first quarter 2025 net income of $49.6 million, or $0.93 per diluted share, up from $0.76 a year earlier but down $0.01 from the fourth quarter of 2024. Total revenues rose 10.7% year over year to $196.2 million, with net interest income at a record $120.2 million, which supports earnings for shareholders.
Net income $49.6 million, or $0.93 per share, versus $0.76 in Q1 2024 and $0.94 in Q4 2024
Total revenues $196.2 million, up $19.0 million or 10.7% from Q1 2024
Net interest income record $120.2 million; provision for credit losses $6.7 million, driven by a $3.8 million specific reserve increase
No shares were repurchased under the 2025 stock repurchase program in Q1 2025
Community Financial System, Inc. announced that Marya Burgio Wlos will become Executive Vice President and Chief Financial Officer effective March 31, 2025. She succeeds Joseph E. Sutaris, who previously notified the company of his intent to retire and will remain through July 1, 2025 to work with her during the transition. As CFO change, the appointment marks a leadership change in the company's finance function, and the filing contains no financial results.
Effective date: March 31, 2025; Sutaris stays through July 1, 2025 to support the transition
Wlos, age 47, was Managing Director and COO Investment Bank at M&T Bank since January 2021
Annual base salary of $500,000, plus incentive compensation eligibility and a restricted stock award with an estimated grant date fair value of $121,100
Wlos will participate in the Executive Severance Plan at the same benefit level as the other executive vice presidents
Director Susan E. Skerritt told Community Financial System that she will not stand for re-election and will retire from the Board effective immediately after the 2025 Annual Meeting of Shareholders. The company states her decision was not the result of any disagreement over its operations, policies or practices.
Notice given to the company on February 13, 2025
Retirement effective immediately following the 2025 Annual Meeting of Shareholders
Company states no disagreement on operations, policies or practices
Community Financial System reported fourth quarter 2024 net income of $49.8 million, or $0.94 per share, up from $33.7 million, or $0.63 per share, a year earlier. Full-year 2024 net income was $182.5 million, or $3.44 per share, and fourth quarter total revenues of $196.3 million were a company record, which shows higher earnings and revenue for shareholders.
Q4 2024 net income of $49.8 million, or $0.94 per share, versus $33.7 million, or $0.63 per share, in Q4 2023
Full-year 2024 net income of $182.5 million, or $3.44 per share
Q4 2024 total revenues of $196.3 million, a quarterly record, up 10.9% from the prior year's fourth quarter
Total ending loans of $10.43 billion, up 7.5% from the end of 2023
Community Financial System said its Executive Vice President and Chief Financial Officer, Joseph E. Sutaris, intends to retire in or around the third quarter of 2025, citing personal reasons. He will remain in his role until a successor is appointed and will stay through a transition period, and the company says the decision did not stem from any disagreement on financial statements or practices.
Joseph E. Sutaris notified the company on November 7, 2024 of his intention to retire.
Retirement is expected in or around the third quarter of 2025.
The company intends to begin a process to identify a successor; Sutaris will continue in his role until one is appointed.
The company states the retirement is for personal reasons and not due to any disagreement on financial statements, operations, policies, or practices.
Community Financial System reported third quarter 2024 net income of $43.9 million, or $0.83 per fully diluted share, compared with $44.1 million, or $0.82 per share, a year earlier. Total revenues rose 7.7% year over year to $188.9 million, but EPS fell $0.08 from the second quarter, and management cited a higher provision for credit losses.
Net income $43.9 million, or $0.83 per diluted share, vs $44.1 million, or $0.82, in Q3 2023; down $0.08 per share from Q2 2024 ($0.91)
Total revenues $188.9 million, up $13.6 million (7.7%) year over year; net interest income a record $112.7 million
Provision for credit losses $7.7 million in Q3 2024 vs $2.9 million in Q3 2023; nonperforming loans $62.8 million, or 0.61% of total loans
Quarterly dividend declared at $0.46 per share, up 2.2% from $0.45; no shares repurchased under the 2024 program in Q3
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