Community Financial System Q3 EPS $0.83 vs $0.82 a year ago; revenue up 7.7%
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.