NYSE$CBU
Community Bank System Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Community Bank System reported solid earnings and organic non-PPP loan growth, driven by increases in noninterest revenues and a lower provision for credit losses, offset by a decrease in net interest income and increases in operating expenses and income taxes.
Community Bank System, Inc. reported a net income of $45.3 million, or $0.83 per fully-diluted share, for the third quarter of 2021. The company experienced growth in noninterest revenues and organic non-PPP loans, while also acquiring two financial services businesses.
- Net income for Q3 2021 was $45.3 million, or $0.83 per fully-diluted share, compared to $42.8 million, or $0.79 per share in Q3 2020.
- Organic non-PPP loan growth was $154.1 million, or 2.2%, in Q3 2021.
- Noninterest revenues increased by $4.7 million, or 7.8%, year-over-year, driven by deposit and other banking fees and financial services businesses revenues.
- The company acquired two financial services businesses during the third quarter, expected to contribute to revenues and augment employee benefit and insurance services.
Headline financials
Revenue & EPS history
Community Bank · Revenue · Quarterly
$157M
Revenue by segment
Community Bank · $49.1M total across 3 segments · Q1 2023
- Employee Benefit$29.4M-0.7%59.9%
- Insurance Services$11.5M+10.6%23.4%
- Wealth Management$8.2M—16.7%
Forward guidance
The company expects to complete the acquisition of Elmira Savings Bank in the first quarter of 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+0.2%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+2.7%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+5.8%
Q3 2015
Best reaction
-9.5%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.0% | -4.1% | -1.1% | |
| Q4 2025 | -0.6% | +1.2% | +2.0% | |
| Q3 2025 | -0.1% | +2.4% | -2.1% | |
| Q1 2025 | -2.1% | +2.2% | +1.9% | |
| Q4 2024 | +2.5% | +3.8% | +1.1% | |
| Q3 2024 | -1.2% | -4.0% | +17.1% | |
| Q2 2024 | +1.3% | +5.8% | -0.8% | |
| Q1 2024 | +2.0% | +0.4% | +4.4% | |
| Q4 2023 | -4.5% | +1.1% | +7.2% | |
| Q3 2023 | -4.8% | -2.7% | +13.0% | |
| Q2 2023 | +4.9% | +2.4% | -11.4% | |
| Q1 2023 | -1.5% | +5.8% | +3.1% | |
| Q4 2022 | -9.5% | -8.2% | -1.1% | |
| Q3 2022 | -1.4% | +1.7% | +6.2% | |
| Q2 2022 | +1.0% | +2.9% | +3.0% | |
| Q1 2022 | -1.2% | -5.1% | -4.7% | |
| Q4 2021 | +4.2% | +0.4% | +1.1% | |
| Q3 2021 | -1.7% | -2.6% | +1.7% | |
| Q2 2021 | +0.2% | -0.2% | +2.9% | |
| Q1 2021 | -0.5% | -1.2% | +1.7% | |
| Q4 2020 | -4.5% | -8.1% | +4.4% | |
| Q3 2020 | -1.4% | -1.6% | +11.6% | |
| Q2 2020 | -3.0% | -5.0% | +1.4% | |
| Q1 2020 | -3.3% | -2.8% | -8.6% | |
| Q4 2019 | -0.1% | -2.7% | -2.5% | |
| Q3 2019 | +4.3% | +5.7% | +5.0% | |
| Q2 2019 | +0.6% | +1.9% | -4.5% | |
| Q1 2019 | +4.0% | +5.0% | +3.6% | |
| Q4 2018 | -5.0% | -3.8% | +2.1% | |
| Q3 2018 | -1.9% | -2.9% | +8.4% | |
| Q2 2018 | +2.9% | +2.3% | +5.9% | |
| Q1 2018 | +5.1% | +4.9% | +10.4% | |
| Q4 2017 | +0.7% | -2.9% | -1.3% | |
| Q3 2017 | -3.6% | -2.1% | -4.2% | |
| Q2 2017 | +2.4% | +2.6% | -4.6% | |
| Q1 2017 | +5.8% | +2.8% | +0.9% | |
| Q4 2016 | +3.6% | +4.4% | +5.3% | |
| Q3 2016 | -1.1% | -2.5% | +19.0% | |
| Q2 2016 | +2.0% | +1.9% | +7.0% | |
| Q1 2016 | +0.3% | — | — | |
| Q4 2015 | -3.0% | — | — | |
| Q3 2015 | +5.8% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | +1.5% | — | — | |
| Q4 2014 | +2.5% | — | — | |
| Q3 2014 | +3.1% | — | — | |
| Q2 2014 | +1.6% | — | — | |
| Q1 2014 | +1.0% | — | — | |
| Q4 2013 | +0.2% | — | — | |
| Q3 2013 | +0.6% | — | — | |
| Q2 2013 | +0.1% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | -0.9% | — | — | |
| Q3 2012 | +0.3% | — | — | |
| Q2 2012 | -0.7% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q4 2009 | +1.4% | — | — | |
| Q4 2011 | +1.4% | — | — | |
| Q4 2010 | +1.4% | — | — | |
| Q3 2011 | -4.0% | — | — | |
| Q3 2010 | -4.0% | — | — | |
| Q2 2010 | -4.0% | — | — | |
| Q2 2011 | +1.4% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q1 2010 | +5.0% | — | — |
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