CBU Earnings Prediction
The chart below shows how CBU performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CBU sees a -0.94% change in stock price 10 days leading up to the earnings, and a +1.66% change 10 days following the report. On the earnings day itself, the stock moves by -0.56%. This data can give you a slight idea of what to expect for the next quarter's release.
CBU Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
159.40M
7.94%
2.69%
Gross Margin
--
--
--
Operating Margin
35.79%
-5.74%
-10.68%
Net Margin
27.54%
-7.83%
-10.79%
EPS
0.83
1.22%
-8.79%
No Data Available
CBU Earnings Analysis
Community Financial System, Inc. Corporation (CBU.N) Earnings Conference Call
Positive
Operating Performance Improvement: The company reported a solid operating performance with a PPNR of $1.29 per share, consistent with the prior quarter and up 11.2% compared to last year's third quarter.
Quarterly Revenue Increase: Total operating revenues for the third quarter were $189.1 million, an increase of $13.7 million or 7.8% from one year prior and up $5.9 million or 3.2% from the linked second quarter.
Net Interest Income Increase: Net interest income for the third quarter was $112.7 million, representing a $3.4 million or 3% increase over linked second quarter results and marking the second consecutive quarter of net interest income growth.
Consistent Loan Growth: The company recorded an increase in ending loans of $227.8 million or 2.3% during the third quarter, marking the 13th consecutive quarter of loan growth and reflecting the company's continued investment in organic loan growth capabilities.
Branch Expansion Celebration: The company celebrated the opening of its first branch from its strategic branch expansion plan, which is expected to contribute positively to future growth.
Negative
Provision Expense Impact: The increase in our provision expense impacted bottom line earnings.
Incentive Compensation Increase: The accrual for performance-based incentive compensation expense increased compared to the prior quarter.
Net Interest Income Increase: The company recorded a net interest income of $112.7 million, which represents a $3.4 million or 3% increase over linked second quarter results.
Credit Loss Provision Increase: The company recorded a provision for credit losses of $7.7 million during the third quarter, which compares to $2.9 million in the prior year's third quarter.
Tax Rate Increase: The effective tax rate for the third quarter of 2024 was 23%, up from 21.2% in the third quarter of 2023.
CBU FAQs
How does CBU typically perform around its earnings report dates?
Is Community Bank System, Inc. (CBU) Q3 2024 Earnings Call Summary positive or negative?
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CBU Earning Call Sentiment
Community Bank System, Inc. (CBU) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CBU.N
-1.24%Positive
The earnings call summary highlights strong financial performance with record revenues and EPS growth, positive revenue outlook, and a dividend increase. Despite some concerns about noninterest expenses and loan delinquencies, the overall sentiment from the Q&A was positive, with management providing optimistic guidance on loan growth and economic activity. The market cap suggests a moderate reaction, leading to a positive stock price movement prediction.
