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Last $38.05 USD
Change Today +0.16 / 0.42%
Volume 195.0K
CBU On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

community bank system inc (CBU) Snapshot

Open
$37.44
Previous Close
$37.89
Day High
$38.13
Day Low
$37.05
52 Week High
11/13/14 - $39.01
52 Week Low
10/7/14 - $32.84
Market Cap
1.6B
Average Volume 10 Days
160.4K
EPS TTM
$2.26
Shares Outstanding
40.8M
EX-Date
06/11/15
P/E TM
16.8x
Dividend
$1.20
Dividend Yield
3.15%
Current Stock Chart for COMMUNITY BANK SYSTEM INC (CBU)

community bank system inc (CBU) Related Businessweek News

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community bank system inc (CBU) Details

Community Bank System, Inc. operates as the holding company for Community Bank, N.A. that provides various banking and financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and Wealth Management. The company offers various deposits products, such as checking, savings, and money market accounts, as well as time deposits. It also provides loans comprising consumer mortgages; general purpose commercial and industrial loans, and mortgages on commercial properties; installment loans that are originated through selected dealerships and are secured by automobiles, marine, and other recreational vehicles; personal installment loans and lines of credit for consumers; and home equity products. In addition, the company offers cash management, investment, and treasury services; broker-dealer and investment advisory services; and asset management services to individuals, corporate pension and profit sharing plans, and foundations, as well as operates as a full-service insurance agency primarily providing property and casualty insurance products. Further, it offers contribution plan administration services, actuarial and benefits consulting services, and collective investment fund administration and institutional trust services, as well as employee benefit trust, retirement plan administration, VEBA/HRA, and health and welfare consulting services to the sponsors of employee benefit plans; and invests in residential real estate loans. As of April 17, 2015, the company operated approximately 190 customer facilities in Upstate New York and Northeastern Pennsylvania. Community Bank System, Inc. was founded in 1983 and is headquartered in Dewitt, New York.

1,920 Employees
Last Reported Date: 03/2/15
Founded in 1983

community bank system inc (CBU) Top Compensated Officers

Chief Executive Officer, President, Chief Exe...
Total Annual Compensation: $674.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $411.0K
Executive Vice President, General Counsel, Ex...
Total Annual Compensation: $364.9K
Chief Banking Officer, Executive Vice Preside...
Total Annual Compensation: $334.1K
Chief Credit Officer and Senior Vice Presiden...
Total Annual Compensation: $241.5K
Compensation as of Fiscal Year 2014.

community bank system inc (CBU) Key Developments

Oneida Financial Corp. and Community Bank System, Inc. Enter into Memorandum of Understanding with Plaintiffs Regarding the Settlement of Putative Class Action Lawsuits

On June 9, 2015, Oneida Financial Corp., Community Bank System Inc., and the other defendants entered into a memorandum of understanding with plaintiffs regarding the settlement of putative class action lawsuits captioned Paul Parshall v. Richard B. Myers, et al, pending before the New York Supreme Court, Oneida County; John Solak v. Richard B. Myers, et al, pending before the New York Supreme Court, Oneida County; and Linda Colvin v. Oneida Financial Corp., et al, pending before the Circuit Court for Baltimore City, Maryland. The actions relate to the Agreement and Plan of Merger, dated as of February 24, 2015, by and between Oneida Financial and Community Bank System, pursuant to which Oneida Financial will merge with and into Community Bank System. Pursuant to the MOU, Oneida Financial has agreed to make available additional information to Oneida Financial stockholders. The additional information is contained in the supplement to the Proxy Statement/Prospectus of Oneida Financial and Community Bank System dated May 6, 2015. Oneida Financial, Community Bank System and the other defendants deny all of the allegations made by the plaintiffs in the Actions and believe the disclosures in the Proxy Statement/Prospectus are adequate under the law. Nevertheless, Oneida Financial, Community Bank System and the other defendants have agreed to settle the Actions in order to avoid the costs, disruption, and distraction of further litigation.

Community Bank System Inc. Declares Quarterly Cash Dividend, Payable on July 10, 2015

Community Bank System Inc. announced that it has declared a quarterly cash dividend of $0.30 per share on its’ common stock. The dividend will be payable on July 10, 2015 to shareholders of record as of June 15, 2015. The $0.30 cash dividend represents an annualized yield of 3.4% based on the closing share price of $35.70 on May 20, 2015.

Community Bank System Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter of 2015

Community Bank System Inc. reported earnings results for the first quarter ended March 31, 2015. For the quarter, total interest income was $62,454,000 compared to $63,239,000 a year ago. Net interest income was $59,840,000 compared to $60,108,000 a year ago. Income before income taxes was $32,315,000 against $31,541,000 for the same period last year. Net income was $22,297,000 or $0.54 per diluted share, against $22,173,000 or $0.54 per diluted share for the same period last year. Return on assets was 1.21% against 1.23% for the same period last year. Return on equity was 8.97% against 9.92% for the same period last year. Book value per share was $24.88 compared to $22.58 a year ago. Tangible book value per share was $16.31 compared to $13.79 a year ago. Total revenue for the first quarter of 2015 was $88.9 million, an increase of $0.4 million, or 0.5%, over the prior year quarter.  Higher revenue was generated as a result of a 1.3% increase in average earning assets and continued growth in noninterest income, which more than offset an 11 basis-point reduction in net interest margin from the prior year quarter.  Total interest-bearing liabilities were $5,031,794,000 against $5,139,295,000 for the same period last year. Net charge-offs were $1.0 million for the first quarter of 2015, compared to $1.1 million for the first quarter of 2014 and $2.5 million for the fourth quarter of 2014.

 

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Industry Analysis

CBU

Industry Average

Valuation CBU Industry Range
Price/Earnings 17.1x
Price/Sales 4.3x
Price/Book 1.5x
Price/Cash Flow 16.9x
TEV/Sales 3.1x
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