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Stock impact report

Community Bank System Reports First Quarter 2020 Results and COVID-19 Pandemic Response

Community Financial System, Inc. (CBU) 
Last community financial system, inc. earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.communitybanksystem.com
Company Research Source: Business Wire
SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. (NYSE: CBU) reported first quarter 2020 net income of $40.1 million, or $0.76 per fully-diluted share. This compares to $41.9 million of net income, or $0.80 per share for the first quarter of 2019. The $0.04 decrease in earnings per share were primarily attributable to increases in the provision for credit losses, operating expenses and fully-diluted shares outstanding, offset in part by increases in net interest income, noninterest revenues and a decrease in income taxes. Comparatively, the Company recorded $0.82 in fully-diluted earnings per share for the linked fourth quarter of 2019. Operating earnings per share, which excludes acquisition expenses, were $0.77 for the first quarter of 2020 as compared to $0.81 the first quarter 2019 and $0.83 in the linked fourth quarter of 2019.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200420005230/en/“The Company p Show less Read more
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