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Community Bank System (CBU)

Community Bank System, Inc. operates more than 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts through its banking subsidiary, Community Bank, N.A. With assets of over $13.8 billion, the DeWitt, N.Y. headquartered company is among the country's 125 largest banking institutions. In addition to a full range of retail, business, and municipal banking services, the Company offers comprehensive financial planning, insurance and wealth management services through its Community Bank Wealth Management Group and OneGroup NY, Inc. operating units. The Company's Benefit Plans Administrative Services, Inc. subsidiary is a leading provider of employee benefits administration, trust services, collective investment fund administration and actuarial consulting services to customers on a national scale.

Company profile

Ticker
CBU
Exchange
CEO
Mark Tryniski
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
COMMUNITY BANK NA, a subsidiary of Community Bank System Inc, COMMUNITY BANK NA, a subsidiary of Community Bank System Inc., COMMUNITY BANK SYSTEM INC
SEC CIK
Subsidiaries
Benefit Plans Administrative Services, Inc. • Benefit Plans Administrative Services, LLC • BPAS Actuarial and Pension Services, LLC • BPAS Trust Company • CBNA Preferred Funding Corp. • CBNA Treasury Management Corporation • Community Investment Services, Inc. • Fringe Benefits Design of Minnesota, Inc. • Global Trust Company, Inc. • Gordon B. Roberts Agency, LLC ...
IRS number
161213679

CBU stock data

Calendar

8 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 197.63M 197.63M 197.63M 197.63M 197.63M 197.63M
Cash burn (monthly) 274.43M 167.36M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 431.09M 262.89M n/a n/a n/a n/a
Cash remaining -233.46M -65.26M n/a n/a n/a n/a
Runway (months of cash) -0.9 -0.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 22 Davis Jeffrey L Phantom Stock (Deferred Compensation) Common Stock Grant Acquire A No No 62.64 319.285 20K 5,318.447
16 Jun 22 Pecor Raymond C III Phantom Stock (Deferred Compensation) Common Stock Grant Acquire A No No 62.64 307.312 19.25K 3,923.599
6 Jun 22 Dimitar Karaivanov Common Stock Payment of exercise Dispose F No No 67.17 1,591 106.87K 13,204
23 May 22 Steele Sally A Common Stock Sell Dispose S No No 65.2989 2,000 130.6K 39,506.241
24.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 237 237
Opened positions 27 33 -18.2%
Closed positions 27 27
Increased positions 85 78 +9.0%
Reduced positions 75 69 +8.7%
13F shares Current Prev Q Change
Total value 2.62B 2.81B -6.9%
Total shares 37.3M 37.75M -1.2%
Total puts 0 0
Total calls 17.6K 5.1K +245.1%
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 7.94M $557.2M +0.6%
Vanguard 6.38M $447.73M +0.8%
STT State Street 5.04M $355.49M +14.8%
ATAC Neuberger Berman 2.62M $183.82M -4.0%
Dimensional Fund Advisors 1.17M $82.31M +3.7%
Champlain Investment Partners 937.4K $65.76M -5.0%
Geode Capital Management 934.87K $65.58M +1.1%
GS Goldman Sachs 830.27K $58.24M -0.0%
Eaton Vance Management 667.23K $46.81M -17.2%
BK Bank Of New York Mellon 599.36K $42.05M -21.0%
Largest transactions Shares Bought/sold Change
STT State Street 5.04M +647.87K +14.8%
Norges Bank 0 -455.22K EXIT
BK Bank Of New York Mellon 599.36K -159.27K -21.0%
Eaton Vance Management 667.23K -138.52K -17.2%
FHI Federated Hermes 283.17K -114.96K -28.9%
ATAC Neuberger Berman 2.62M -108.88K -4.0%
HBCYF HSBC 37.48K -76.47K -67.1%
JPM JPMorgan Chase & Co. 141.75K -67.74K -32.3%
Vanguard 6.38M +51.69K +0.8%
BLK Blackrock 7.94M +50.52K +0.6%

Financial report summary

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Risks
  • Changes in interest rates affect our profitability, assets and liabilities.
  • Reforms to and uncertainty regarding the London Interbank Offered Rate (“LIBOR”) may adversely affect LIBOR-based financial arrangements of the Company.
  • The Company operates in a highly regulated environment and may be adversely affected by changes in laws and regulations or the interpretation and examination of existing laws and regulations.
  • The Company’s total consolidated assets exceed $10 billion and is therefore subject to additional regulation and increased supervision including the CFPB.
  • Basel III capital rules generally require insured depository institutions and their holding companies to hold more capital, which could limit our ability to pay dividends, engage in share repurchases and pay discretionary bonuses.
  • The Company is subject to a variety of operational risks, including reputational risk, legal and compliance risk, the risk of fraud or theft by employees or outsiders, which may adversely affect the Company’s business and results of operations.
  • The Company’s information systems may experience an interruption or security breach and expose the Company to additional operational, compliance, cybersecurity and legal risks.
  • Evolving data security and privacy requirements could increase the Company’s costs and expose it to additional operational, compliance, and legal risks.
  • The Company relies on third party vendors, which could expose the Company to additional cybersecurity risks.
  • The financial services industry is highly competitive and creates competitive pressures that could adversely affect the Company’s revenue and profitability.
  • Conditions in the insurance market could adversely affect the Company’s earnings.
  • Changes in the equity markets could materially affect the level of assets under management and the demand for other fee-based services.
  • Financial services companies depend on the accuracy and completeness of information about customers and counterparties.
  • Trading activity in the Company’s common stock could result in material price fluctuations.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: auto, buffer, commensurate, composed, discretionary, faster, flat, hundred, influence, mandatory, moderate, moderated, moderating, outweighed, prompt, provisional, quantitative, robust, temporarily, Unregistered
Removed: aforementioned, Aid, approval, assisting, bring, CAA, context, deemed, deferment, evolution, evolving, granted, impaired, improving, international, invested, lesser, magnitude, overdraft, presently, recognition, reduced, Relief, repaid, rest, speed, unfavorably, unique, unknown