COMMUNITY FINANCIAL SYSTEM, INC.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), COMMUNITY FINANCIAL SYSTEM, INC. reported net income of $210.5M (+15.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Interest and fees on loans | $596.7M | $545.8M | $445.2M | $335.1M |
| Interest and dividends on taxable investments | $91.5M | $85.7M | $82.4M | $95.4M |
| Interest and dividends on nontaxable investments | $11.0M | $12.0M | $13.9M | $13.3M |
| Total interest income | $699.3M | $643.5M | $541.4M | $443.7M |
| Interest on deposits | $162.2M | $159.5M | $85.3M | $15.0M |
| Interest on borrowings | $30.5M | $34.9M | $18.8M | $7.9M |
| Total interest expense | $192.7M | $194.4M | $104.1M | $23.1M |
| Net interest income | $506.6M | $449.1M | $437.3M | $420.6M |
| Provision for credit losses | $21.4M | $22.8M | $11.2M | $14.8M |
| Net interest income after provision for credit losses | $485.2M | $426.3M | $426.1M | $405.9M |
| Deposit service fees | $59.4M | $66.6M | $63.1M | $66.8M |
| Mortgage banking | $3.5M | $4.4M | $595.0K | $390.0K |
| Other banking services | $21.0M | $7.5M | $6.3M | $4.6M |
| Employee benefit services | $136.0M | $131.0M | $118.0M | $115.4M |
| Insurance services | $54.4M | $50.2M | $47.1M | $39.8M |
| Wealth management services | $37.1M | $36.7M | $31.9M | $31.7M |
| Loss on sales of investment securities | $0 | ($487.0K) | ($52.3M) | — |
| Gain on debt extinguishment | $0 | $0 | $242.0K | $0 |
| Unrealized gain (loss) on equity securities | $375.0K | $1.2M | ($47.0K) | ($44.0K) |
| Loss from equity method investments | ($285.0K) | — | — | — |
| Total noninterest revenues | $311.5M | $297.2M | $214.8M | $258.7M |
| Salaries and employee benefits | $313.9M | $300.8M | $281.8M | $257.3M |
| Data processing and communications | $70.2M | $61.8M | $57.6M | $54.1M |
| Occupancy and equipment | $48.2M | $43.7M | $42.5M | $42.4M |
| Business development and marketing | $15.1M | $16.1M | $15.7M | $13.1M |
| Legal and professional fees | $17.9M | $15.3M | $15.9M | $14.0M |
| Amortization of intangible assets | $13.8M | $14.3M | $14.5M | $15.2M |
| Other expenses | $42.1M | $34.3M | $34.3M | $23.4M |
| Total noninterest expenses | $521.3M | $486.8M | $472.7M | $424.3M |
| Income before income taxes | $275.4M | $236.7M | $168.2M | $240.3M |
| Income taxes | $64.9M | $54.2M | $36.3M | $52.2M |
| Net income | $210.5M | $182.5M | $131.9M | $188.1M |
| Basic earnings per share (in dollars per shares) | $3.98 | $3.44 | $2.45 | $3.48 |
| Diluted earnings per share (in dollars per shares) | $3.97 | $3.44 | $2.45 | $3.46 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Interest and fees on loans | $157.5M | $154.4M | $152.5M | $146.5M |
| Interest and dividends on taxable investments | $23.9M | $22.9M | $22.0M | $23.6M |
| Interest and dividends on nontaxable investments | $2.9M | $2.7M | $2.7M | $2.8M |
| Total interest income | $184.4M | $180.0M | $177.3M | $172.9M |
| Interest on deposits | $39.4M | $39.4M | $40.7M | $40.6M |
| Interest on borrowings | $5.8M | $5.9M | $8.4M | $7.5M |
| Total interest expense | $45.2M | $45.3M | $49.1M | $48.1M |
| Net interest income | $139.1M | $134.7M | $128.2M | $124.7M |
| Provision for credit losses | $4.6M | $5.6M | $5.6M | $4.1M |
| Net interest income after provision for credit losses | $134.5M | $129.1M | $122.6M | $120.6M |
| Deposit service fees | $15.5M | $15.9M | $15.2M | $14.5M |
| Mortgage banking | $1.2M | $1.1M | $1.2M | $972.0K |
| Other banking services | $4.6M | $4.8M | $4.8M | $4.6M |
| Employee benefit services | $34.9M | $34.6M | $34.4M | $32.4M |
| Insurance services | $13.2M | $12.6M | $14.1M | $13.4M |
| Wealth management services | $10.4M | $10.3M | $8.9M | $8.7M |
| Net (loss) gain recognized on equity securities | $4.7M | — | — | — |
| Loss from equity method investments | ($463.0K) | ($326.0K) | — | — |
| Total noninterest revenues | $84.0M | $78.6M | $78.9M | $74.5M |
| Salaries and employee benefits | $82.4M | $80.3M | $76.5M | $79.0M |
| Data processing and communications | $19.7M | $17.9M | $19.1M | $16.7M |
| Occupancy and equipment | $13.9M | $14.9M | $11.4M | $11.5M |
| Business development and marketing | $2.6M | $2.5M | $4.6M | $4.0M |
| Legal and professional fees | $4.3M | $5.1M | $4.5M | $4.4M |
| Amortization of intangible assets | $4.4M | $4.2M | $3.3M | $3.4M |
| Other expenses | $10.5M | $8.1M | $8.9M | $10.2M |
| Total noninterest expenses | $137.7M | $133.0M | $128.3M | $129.1M |
| Income before income taxes | $80.8M | $74.6M | $73.2M | $66.0M |
| Income taxes | $19.5M | $17.4M | $18.1M | $14.7M |
| Net income | $61.3M | $57.2M | $55.1M | $51.3M |
| Basic earnings per share (in dollars per shares) | $1.16 | $1.08 | $1.04 | $0.97 |
| Diluted earnings per share (in dollars per shares) | $1.16 | $1.08 | $1.04 | $0.97 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents (includes restricted cash of $14,760 and $5,110, respectively) | $301.8M | $197.0M | $191.0M | $209.9M |
| Available-for-sale investment securities, includes pledged securities that can be sold or repledged of $319,478 and $362,129, respectively (cost of $3,148,728 and $3,192,392, respectively) | $2.9B | $2.8B | $2.9B | — |
| Held-to-maturity securities (fair value of $1,370,464 and $1,220,168, respectively) | $1.5B | $1.3B | $1.2B | — |
| Equity and other securities | $77.3M | $87.5M | $73.1M | $83.3M |
| Loans | $10.9B | $10.4B | $9.7B | — |
| Allowance for credit losses | ($87.9M) | ($79.1M) | ($66.7M) | ($61.1M) |
| Loans, net of allowance for credit losses | $10.9B | $10.4B | $9.6B | — |
| Goodwill | $888.0M | $853.2M | $845.4M | $841.8M |
| Core deposit intangibles, net | $14.8M | $5.1M | $8.2M | $12.3M |
| Other intangibles, net | $40.0M | $43.1M | $44.4M | $48.7M |
| Goodwill and intangible assets, net | $942.7M | $901.5M | $898.0M | $902.8M |
| Premises and equipment, net | $246.5M | $183.8M | $173.4M | $160.8M |
| Accrued interest and fees receivable | $57.7M | $54.3M | $54.5M | $52.6M |
| Equity method investments | $37.1M | — | — | — |
| Other assets | $448.9M | $477.8M | $435.6M | $446.3M |
| Total assets | $17.3B | $16.4B | $15.6B | $15.8B |
| Noninterest-bearing deposits | $3.7B | $3.6B | $3.6B | $4.1B |
| Interest-bearing deposits | $10.7B | $9.9B | $9.3B | $8.9B |
| Total deposits | $14.4B | $13.4B | $12.9B | $13.0B |
| Overnight borrowings | $0 | $118.0M | $53.0M | $768.4M |
| Securities sold under agreement to repurchase, short-term | $231.2M | $261.6M | $304.6M | $346.7M |
| Federal Home Loan Bank and other borrowings | $458.8M | $619.3M | — | — |
| Accrued interest and other liabilities | $220.2M | $182.6M | $164.5M | $133.9M |
| Total liabilities | $15.3B | $14.6B | $13.9B | $14.3B |
| Preferred stock, $1.00 par value, 500,000 shares authorized, 0 shares issued | 0 | 0 | 0 | 0 |
| Common stock, $1.00 par value, 75,000,000 shares authorized; 54,907,426 and 54,696,208 shares issued, respectively | 54.9M | 54.7M | 54.4M | 54.2M |
| Additional paid in capital | $1.1B | $1.1B | $1.1B | $1.1B |
| Retained earnings | $1.4B | $1.3B | $1.2B | $1.2B |
| Accumulated other comprehensive loss | ($419.0M) | ($548.1M) | ($556.9M) | ($686.4M) |
| Treasury stock, at cost (2,225,209 shares, including 94,479 shares held by deferred compensation arrangements at December 31, 2025, and 2,028,372 shares including 103,696 shares held by deferred compensation arrangements at December 31, 2024) | -110.9M | -100.5M | -55.6M | -26.5M |
| Deferred compensation arrangements (94,479 and 103,696 shares, respectively) | 5.4M | 5.9M | 6.9M | 7.8M |
| Total shareholders' equity | $2.0B | $1.8B | $1.7B | $1.6B |
| Total liabilities and shareholders' equity | $17.3B | $16.4B | $15.6B | $15.8B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents (includes restricted cash of $14,760) | $258.2M | $572.2M | $245.2M | $237.2M |
| Available-for-sale investment securities, includes pledged securities that can be sold or repledged of $318,329 and $319,478, respectively (cost of $3,237,809 and $3,148,728, respectively) | $3.0B | $2.8B | $2.9B | $2.8B |
| Held-to-maturity securities, includes pledged securities that can be sold or repledged of $9,090 and $0, respectively (fair value of $1,372,481 and $1,370,464, respectively) | $1.5B | $1.5B | $1.4B | $1.4B |
| Equity and other securities | $87.9M | $81.7M | $78.9M | $86.7M |
| Loans | $11.3B | $11.1B | $10.8B | $10.5B |
| Allowance for credit losses | ($91.7M) | ($90.2M) | ($84.9M) | ($81.9M) |
| Loans, net of allowance for credit losses | $11.2B | $11.0B | $10.7B | $10.4B |
| Goodwill | $900.6M | $889.3M | $855.8M | $854.8M |
| Core deposit intangibles, net | $15.7M | $13.7M | $3.6M | $4.0M |
| Other intangibles, net | $47.3M | $40.3M | $40.6M | $39.6M |
| Goodwill and intangible assets, net | $963.7M | $943.3M | $900.0M | $898.4M |
| Premises and equipment, net | $250.3M | $247.4M | $212.7M | $201.1M |
| Accrued interest and fees receivable | $60.9M | $56.6M | $54.5M | $57.6M |
| Equity method investments | $36.3M | $36.7M | $37.4M | — |
| Other assets | $479.2M | $457.0M | $462.2M | $483.4M |
| Total assets | $17.8B | $17.7B | $17.0B | $16.7B |
| Noninterest-bearing deposits | $3.9B | $3.7B | $3.7B | $3.6B |
| Interest-bearing deposits | $10.8B | $11.1B | $10.4B | $10.1B |
| Total deposits | $14.7B | $14.9B | $14.1B | $13.7B |
| Overnight borrowings | $172.8M | — | $67.9M | $130.4M |
| Securities sold under agreement to repurchase, short-term | $157.6M | $201.0M | $224.2M | $180.6M |
| Federal Home Loan Bank and other borrowings | $433.7M | $446.3M | $471.3M | $583.4M |
| Accrued interest and other liabilities | $216.5M | $203.4M | $198.7M | $185.7M |
| Total liabilities | $15.7B | $15.7B | $15.0B | $14.8B |
| Preferred stock, $1.00 par value, 500,000 shares authorized, 0 shares issued | 0 | 0 | 0 | 0 |
| Common stock, $1.00 par value, 75,000,000 shares authorized; 55,067,544 and 54,907,426 shares issued, respectively | 55.1M | 55.0M | 54.9M | 54.9M |
| Additional paid in capital | $1.1B | $1.1B | $1.1B | $1.1B |
| Retained earnings | $1.5B | $1.4B | $1.4B | $1.3B |
| Accumulated other comprehensive loss | ($417.6M) | ($424.0M) | ($453.2M) | ($486.8M) |
| Treasury stock, at cost (2,469,140 shares, including 79,939 shares held by deferred compensation arrangements at June 30, 2026, and 2,225,209 shares including 94,479 shares held by deferred compensation arrangements at December 31, 2025) | -126.4M | -125.8M | -110.9M | -99.9M |
| Deferred compensation arrangements (79,939 and 94,479 shares, respectively) | 4.6M | 4.5M | 5.3M | 5.3M |
| Total shareholders' equity | $2.1B | $2.0B | $1.9B | $1.9B |
| Total liabilities and shareholders' equity | $17.8B | $17.7B | $17.0B | $16.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $210.5M | $182.5M | $131.9M | $188.1M |
| Depreciation | $15.6M | $13.7M | $13.0M | $14.4M |
| Amortization of intangible assets | $13.8M | $14.3M | $14.5M | $15.2M |
| Net amortization on securities, loans, finance leases and borrowings | $14.1M | $10.8M | — | — |
| Stock-based compensation | $10.9M | $8.4M | $9.3M | $7.7M |
| Gain on debt extinguishment | $0 | $0 | ($242.0K) | $0 |
| Provision for credit losses | $21.4M | $22.8M | $11.2M | $14.8M |
| Provision for deferred income taxes | $11.7M | $674.0K | ($7.5M) | $1.3M |
| Amortization of mortgage servicing rights | $779.0K | $722.0K | $849.0K | $801.0K |
| Loss on sales of investment securities | $0 | $487.0K | $52.3M | — |
| Unrealized gain on equity securities | ($375.0K) | ($1.2M) | $47.0K | $44.0K |
| Income from bank-owned life insurance policies | ($3.4M) | ($2.5M) | ($2.4M) | ($2.1M) |
| Net gain on sale of assets | ($855.0K) | ($2.4M) | ($1.5M) | ($655.0K) |
| Loss from equity method investments | $285.0K | — | — | — |
| Change in other assets and liabilities | $7.6M | ($5.9M) | $1.1M | ($6.2M) |
| Net cash provided by operating activities | $301.9M | $242.3M | $228.4M | $214.6M |
| Proceeds from maturities, calls, and paydowns of available-for-sale investment securities | $52.6M | $59.7M | $597.8M | $262.3M |
| Proceeds from maturities, calls, and paydowns of held-to-maturity investment securities | $29.9M | $9.1M | $208.0K | — |
| Proceeds from maturities and redemptions of equity and other investment securities, net | $13.8M | $398.0K | $14.9M | $4.7M |
| Proceeds from sales of available-for-sale investment securities | $0 | $57.5M | $733.8M | — |
| Purchases of held-to-maturity investment securities | ($109.8M) | ($152.6M) | ($63.3M) | — |
| Purchases of equity and other securities, net | ($1.6M) | ($13.5M) | ($4.8M) | ($35.3M) |
| Net increase in loans | ($532.8M) | ($765.6M) | ($923.3M) | ($1.0B) |
| Cash received (paid) for acquisitions, net of cash acquired | $469.7M | ($15.6M) | ($8.5M) | ($668.0K) |
| Purchases of equity method investments | ($37.4M) | — | — | — |
| Proceeds from sales of premises, equipment and other assets | $2.0M | $5.7M | $7.5M | $2.4M |
| Purchases of premises and equipment | ($68.5M) | ($20.7M) | ($18.6M) | ($12.9M) |
| Net cash used in investing activities | ($182.1M) | ($835.6M) | $335.8M | ($2.1B) |
| Net increase (decrease) in deposits | $401.6M | $513.6M | ($84.2M) | ($421.2M) |
| Net (decrease) increase in overnight borrowings | ($118.0M) | $65.0M | ($715.4M) | $768.4M |
| Net decrease in securities sold under agreement to repurchase, short-term | ($30.4M) | ($43.0M) | ($42.1M) | $21.9M |
| Proceeds from other Federal Home Loan Bank borrowings | $0 | $250.0M | $400.0M | ($95.0K) |
| Payments on and maturities of other Federal Home Loan Bank borrowings | ($160.3M) | ($47.1M) | ($12.0M) | — |
| Payments of contingent consideration for acquisitions | ($1.4M) | ($3.1M) | ($1.2M) | — |
| Redemption of subordinated notes payable | $0 | $0 | ($3.0M) | $0 |
| Proceeds from the issuance of common stock for employee stock plans | $5.3M | $7.1M | $1.0M | $1.2M |
| Purchases of treasury stock | ($11.2M) | ($46.0M) | ($30.2M) | ($16.6M) |
| Cash dividends paid | ($97.6M) | ($95.8M) | ($95.1M) | ($93.4M) |
| Withholding taxes paid on share-based compensation | ($3.2M) | ($1.5M) | ($1.2M) | ($1.3M) |
| Net cash (used in) provided by financing activities | ($15.0M) | $599.4M | ($583.1M) | $259.2M |
| Change in cash, cash equivalents and restricted cash | $104.8M | $6.0M | ($18.9M) | ($1.7B) |
| Cash, cash equivalents and restricted cash at beginning of period | $197.0M | $191.0M | $209.9M | $1.9B |
| Cash, cash equivalents and restricted cash at end of period | $301.8M | — | — | — |
| Cash paid for interest | $193.1M | $192.9M | $100.0M | $23.4M |
| Cash paid for income taxes | $40.5M | $43.7M | $41.7M | $57.1M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $118.6M | $57.2M | $156.0M | $100.9M |
| Depreciation | $11.3M | $5.3M | $11.2M | $7.3M |
| Amortization of intangible assets | $8.7M | $4.2M | $10.1M | $6.9M |
| Net amortization on securities, loans, finance leases and borrowings | $6.9M | $3.9M | $10.2M | $6.4M |
| Stock-based compensation | $5.7M | $3.0M | $7.9M | $5.6M |
| Provision for credit losses | $10.2M | $5.6M | $16.4M | $10.8M |
| Amortization of mortgage servicing rights | $415.0K | $208.0K | $577.0K | $386.0K |
| Gain on equity securities | ($4.3M) | — | — | — |
| Income from bank-owned life insurance policies | ($2.0M) | ($991.0K) | ($2.3M) | ($1.4M) |
| Net gain on sale of assets | ($1.1M) | ($177.0K) | ($1.5M) | ($989.0K) |
| Loss from equity method investments | $789.0K | $326.0K | — | — |
| Change in other assets and liabilities | ($32.7M) | ($7.4M) | $9.2M | ($19.4M) |
| Net cash provided by operating activities | $122.6M | $71.6M | $217.3M | $116.2M |
| Proceeds from maturities, calls, and paydowns of available-for-sale investment securities | $33.7M | $18.1M | $41.5M | $27.4M |
| Proceeds from maturities, calls, and paydowns of held-to-maturity investment securities | $21.1M | $11.2M | $18.7M | $11.8M |
| Proceeds from maturities and redemptions of equity and other investment securities, net | $707.0K | $750.0K | $9.8M | $1.3M |
| Purchases of held-to-maturity investment securities | ($30.9M) | ($10.7M) | ($94.0M) | ($83.1M) |
| Proceeds from sales of equity and other investment securities | $5.8M | — | — | — |
| Purchases of equity and other securities, net | ($12.7M) | ($5.6M) | ($738.0K) | ($280.0K) |
| Net (increase) decrease in loans | ($354.2M) | ($192.3M) | ($355.5M) | ($114.4M) |
| Cash paid for acquisitions, net of cash acquired | ($26.6M) | ($12.9M) | ($4.5M) | ($302.0K) |
| Proceeds from sales of premises, equipment and other assets | $1.5M | $0 | $1.8M | $1.5M |
| Purchases of premises and equipment | ($20.9M) | ($11.3M) | ($45.5M) | ($27.9M) |
| Net cash used in investing activities | ($382.4M) | ($202.7M) | ($465.8M) | ($184.0M) |
| Net increase in deposits | $203.2M | $483.0M | $615.1M | $260.1M |
| Net decrease in overnight borrowings | $172.8M | $0 | ($50.1M) | $12.4M |
| Net (decrease) increase in securities sold under agreement to repurchase, short-term | ($73.6M) | ($30.1M) | ($37.4M) | ($80.9M) |
| Payments on and maturities of other Federal Home Loan Bank borrowings | ($24.9M) | ($12.4M) | ($147.8M) | ($35.7M) |
| Payments of contingent consideration for acquisitions | ($2.3M) | ($1.7M) | ($932.0K) | ($378.0K) |
| Proceeds from the issuance of common stock for employee stock plans | $10.1M | $6.1M | $4.6M | $3.7M |
| Purchases of treasury stock | ($16.1M) | ($15.5M) | ($11.1M) | ($90.0K) |
| Cash dividends paid | ($49.5M) | ($24.8M) | ($72.8M) | ($48.5M) |
| Withholding taxes paid on share-based compensation | ($3.5M) | ($3.1M) | ($2.8M) | ($2.5M) |
| Net cash provided by financing activities | $216.2M | $401.5M | $296.8M | $108.0M |
| Change in cash, cash equivalents and restricted cash | ($43.6M) | $270.4M | $48.2M | $40.2M |
| Cash, cash equivalents and restricted cash at beginning of period | $301.8M | $301.8M | $197.0M | $197.0M |
| Cash, cash equivalents and restricted cash at end of period | $258.2M | $572.2M | $245.2M | $237.2M |
| Cash paid for interest | $91.5M | $45.7M | $146.0M | $96.3M |
| Cash paid for income taxes | $29.0M | $4.5M | $31.8M | $23.4M |
| Dividends declared and unpaid | $24.9M | $24.9M | $25.0M | $24.5M |
| Transfers from loans to other real estate | $427.0K | $182.0K | $6.8M | $6.5M |
| Transfers from premises and equipment, net to other assets | $4.8M | $4.8M | $278.0K | — |
| Fair value of assets acquired, excluding acquired cash and intangibles | $121.3M | $297.0K | $98.0K | $94.0K |
| Fair value of liabilities assumed | $121.5M | $964.0K | $209.0K | $131.0K |
| Contingent consideration in exchange for acquired assets | $1.6M | $225.0K | $4.1M | $3.5M |
COMMUNITY FINANCIAL SYSTEM, INC. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.