A Business at a Glance
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COMMUNITY FINANCIAL SYSTEM, INC.
CBU
$3.5B
Mkt Cap
$67.24
+0.75%
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) has a current P/E ratio of 16.9, compared to its historical median P/E of 17.5. The stock is currently considered Fair based on its historical valuation range.
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) has a 5-year average return on invested capital (ROIC) of 7.0%. This is below average and may indicate limited pricing power.
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) has a market capitalization of $3.5B. It is classified as a mid-cap stock.
Yes, COMMUNITY FINANCIAL SYSTEM, INC. (CBU) pays a dividend with a trailing twelve-month yield of 2.75%. The company also returns capital through share buybacks, with a buyback yield of 0.31%.
Based on historical P/E analysis, COMMUNITY FINANCIAL SYSTEM, INC. (CBU) appears fair. The current P/E of 16.9 is 3% below its historical median of 17.5. The estimated fair value CAGR (P/E method) is 0.4%.
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) operates in the National Commercial Banks industry, within the Financials sector.
Item 1. Business Community Financial System, Inc. (the “Company”) was incorporated on April 15, 1983, under the Delaware General Corporation Law. Its principal office is located at 333 Butternut Drive, Syracuse, New York 13214. The Company’s business philosophy is to operate as a diversified financial services enterprise providing a broad array of banking and other financial services to retail, commercial, institutional and governmental customers. The Company is a registered financial holding company which wholly-owns two significant subsidiaries: Community Bank, N.A. (the “Bank” or “CBNA”), and Benefit Plans Administrative Services, Inc. (“BPAS”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.0B | 1.0B | 941M | 756M | 702M | 634M |
| Net Income | 210M | 210M | 182M | 131M | 188M | 189M |
| EPS | $3.97 | $3.97 | $3.44 | $2.45 | $3.46 | $3.48 |
| Free Cash Flow | 233M | 233M | 222M | 210M | 202M | 189M |
| ROIC | 8.8% | 7.7% | 7.0% | 5.1% | 7.3% | 7.7% |
| Gross Margin | 78.8% | 78.8% | 76.9% | 84.8% | 94.6% | 96.6% |
| Debt/Equity | 0.35 | 0.35 | 0.56 | 0.46 | 0.74 | 0.16 |
| Dividends/Share | $1.85 | $1.86 | $1.82 | $1.78 | $1.74 | $1.70 |
| Operating Income | 275M | 275M | 237M | 168M | 240M | 241M |
| Operating Margin | 27.2% | 27.2% | 25.2% | 22.2% | 34.2% | 38.1% |
| ROE | 10.4% | 11.1% | 10.5% | 8.1% | 10.3% | 9.0% |
| Shares Outstanding | 53M | 53M | 53M | 54M | 54M | 54M |
| Metric | 2018 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 375M | 383M | 441M | 532M | 587M | 616M | 618M | 634M | 702M | 756M | 941M | 1.0B | 1.0B |
| Gross Margin | 94.9% | 95.4% | 95.6% | 95.3% | 95.1% | 94.3% | 94.3% | 96.6% | 94.6% | 84.8% | 76.9% | 78.8% | 78.8% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 123M | 126M | 156M | 187M | 207M | 220M | 228M | 242M | 257M | 282M | 301M | 314M | 314M |
| EBIT | 119M | 123M | 155M | 160M | 213M | 209M | 206M | 241M | 240M | 168M | 237M | 275M | 275M |
| Op. Margin | 31.7% | 32.2% | 35.1% | 30.1% | 36.3% | 34.0% | 33.4% | 38.1% | 34.2% | 22.2% | 25.2% | 27.2% | 27.2% |
| Net Income | 91M | 91M | 103M | 150M | 168M | 169M | 164M | 189M | 188M | 131M | 182M | 210M | 210M |
| Net Margin | 24.2% | 23.7% | 23.4% | 28.2% | 28.6% | 27.4% | 26.6% | 29.9% | 26.7% | 17.4% | 19.3% | 20.7% | 20.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2M | 0 | 1.5M | 1.5M |
| Returns on Capital | |||||||||||||
| ROIC | 7.8% | 6.1% | 6.9% | 8.4% | 7.9% | 7.8% | 7.0% | 7.7% | 7.3% | 5.1% | 7.0% | 7.7% | 8.8% |
| ROE | 9.8% | 8.5% | 8.8% | 10.6% | 10.0% | 9.5% | 8.3% | 9.0% | 10.3% | 8.1% | 10.5% | 11.1% | 10.4% |
| ROA | 1.2% | 1.1% | 1.2% | 1.5% | 1.6% | 1.5% | 1.3% | 1.3% | 1.2% | 0.8% | 1.1% | 1.2% | 1.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 122M | 120M | 136M | 190M | 221M | 203M | 179M | 203M | 215M | 228M | 242M | 302M | 302M |
| Free Cash Flow | 109M | 107M | 123M | 179M | 209M | 197M | 165M | 189M | 202M | 210M | 222M | 233M | 233M |
| Owner Earnings | 101M | 99M | 111M | 152M | 88M | 165M | 143M | 167M | 177M | 192M | 206M | 262M | 262M |
| CapEx | 13M | 12M | 12M | 11M | 13M | 5.7M | 15M | 13M | 13M | 19M | 21M | 69M | 69M |
| Maint. CapEx | 17M | 17M | 20M | 33M | 128M | 32M | 30M | 30M | 30M | 28M | 28M | 29M | 29M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39M | 39M |
| D&A | 17M | 17M | 20M | 33M | 128M | 32M | 30M | 30M | 30M | 28M | 28M | 29M | 29M |
| CapEx/OCF | 10.9% | 10.6% | 9.2% | 5.7% | 5.7% | 2.8% | 8.0% | 6.6% | 6.0% | 8.1% | 8.5% | 22.7% | 22.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 46M | 49M | 55M | 62M | 71M | 80M | 87M | 91M | 93M | 95M | 96M | 98M | 98M |
| Dividend Yield | 4.4% | 4.4% | 3.7% | 2.9% | 2.9% | 2.9% | 3.2% | 2.6% | 2.9% | 3.9% | 3.6% | 3.2% | 2.7% |
| Share Buybacks | 4.4M | 9.1M | 3.5M | 3.3M | 298K | 286K | 271K | 5.1M | 17M | 30M | 46M | 11M | 11M |
| Buyback Yield | 0.4% | 0.7% | 0.2% | 0.2% | 0.0% | 0.0% | 0.0% | 0.1% | 0.5% | 1.1% | 1.4% | 0.4% | 0.3% |
| Stock-Based Comp | 4.0M | 4.2M | 4.8M | 5.1M | 6.1M | 5.3M | 6.4M | 6.3M | 7.7M | 9.3M | 8.4M | 11M | 11M |
| Debt Repayment | 13K | 0 | 0 | 82M | 95K | 646K | 3.1M | 4.8M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -2.1B | -2.5B | -2.5B | -2.7B | -2.7B | -2.9B | -4.8B | -6.5B | -3.2B | 584M | 798M | 391M | 391M |
| Cash & Equiv. | 138M | 153M | 174M | 221M | 212M | 205M | 1.6B | 1.9B | 210M | 191M | 197M | 302M | 302M |
| Long-Term Debt | 440M | 403M | 248M | 486M | 414M | 345M | 371M | 330M | 1.1B | 765M | 990M | 690M | 690M |
| Debt/Equity | 0.47 | 0.38 | 0.33 | 0.31 | 0.27 | 0.20 | 0.19 | 0.16 | 0.74 | 0.46 | 0.56 | 0.35 | 0.35 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.4 |
| Equity | 988M | 1.1B | 1.2B | 1.6B | 1.7B | 1.9B | 2.1B | 2.1B | 1.6B | 1.7B | 1.8B | 2.0B | 2.0B |
| Total Assets | 7.5B | 8.6B | 8.7B | 10.7B | 10.6B | 11.4B | 13.9B | 15.6B | 15.8B | 15.6B | 16.4B | 17.3B | 17.3B |
| Total Liabilities | 6.5B | 7.4B | 7.5B | 9.1B | 8.9B | 9.6B | 11.8B | 13.5B | 14.3B | 13.9B | 14.6B | 15.3B | 15.3B |
| Intangibles | 12M | 21M | 16M | 91M | 74M | 63M | 53M | 65M | 61M | 53M | 48M | 55M | 55M |
| Retained Earnings | 526M | 567M | 615M | 701M | 796M | 883M | 960M | 1.1B | 1.2B | 1.2B | 1.3B | 1.4B | 1.4B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 2.22 | 2.19 | 2.32 | 3.03 | 3.24 | 3.23 | 3.08 | 3.48 | 3.46 | 2.45 | 3.44 | 3.97 | 3.97 |
| Owner EPS | 2.46 | 2.38 | 2.50 | 3.06 | 1.69 | 3.17 | 2.68 | 3.06 | 3.27 | 3.57 | 3.90 | 4.95 | 4.95 |
| Book Value | 24.13 | 27.52 | 26.92 | 33.01 | 33.07 | 35.53 | 39.48 | 38.63 | 28.63 | 31.64 | 33.37 | 38.00 | 38.00 |
| Cash Flow/Share | 2.98 | 2.88 | 3.05 | 3.83 | 4.27 | 3.88 | 3.37 | 3.72 | 3.96 | 4.26 | 4.59 | 5.72 | 4.53 |
| Dividends/Share | 1.16 | 1.22 | 1.26 | 1.32 | 1.44 | 1.58 | 1.66 | 1.70 | 1.74 | 1.78 | 1.82 | 1.86 | 1.85 |
| Shares Out. | 40.9M | 41.5M | 44.5M | 49.5M | 51.8M | 52.2M | 53.3M | 54.4M | 54.2M | 53.7M | 52.8M | 52.8M | 52.8M |
| Valuation | |||||||||||||
| P/E Ratio | 12.3 | 13.8 | 20.6 | 14.3 | 14.6 | 18.2 | 17.5 | 18.9 | 16.1 | 20.2 | 17.5 | 14.9 | 16.9 |
| P/FCF | 10.3 | 11.7 | 17.3 | 12.0 | 11.7 | 15.6 | 17.5 | 18.9 | 15.0 | 12.6 | 14.4 | 13.4 | 15.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 14.3 |
| Price/Book | 1.1 | 1.1 | 1.8 | 1.3 | 1.4 | 1.7 | 1.4 | 1.7 | 1.9 | 1.6 | 1.8 | 1.6 | 1.8 |
| Price/Sales | 2.9 | 3.0 | 3.5 | 4.2 | 4.3 | 4.7 | 4.6 | 5.6 | 4.7 | 3.8 | 3.6 | 3.7 | 3.5 |
| FCF Yield | 9.7% | 8.5% | 5.8% | 8.3% | 8.5% | 6.4% | 5.7% | 5.3% | 6.7% | 7.9% | 6.9% | 7.5% | 6.6% |
| Market Cap | 1.1B | 1.3B | 2.1B | 2.1B | 2.5B | 3.1B | 2.9B | 3.6B | 3.0B | 2.7B | 3.2B | 3.1B | 3.5B |
| Avg. Price | 25.54 | 27.16 | 33.27 | 43.41 | 47.53 | 52.52 | 51.23 | 63.74 | 59.24 | 45.80 | 50.76 | 57.14 | 67.24 |
| Year-End Price | 27.24 | 30.19 | 47.87 | 43.20 | 47.16 | 58.84 | 53.99 | 65.71 | 55.64 | 49.40 | 60.35 | 59.04 | 67.24 |
COMMUNITY FINANCIAL SYSTEM, INC. passes 5 of 9 quality checks, suggesting mixed fundamentals.
COMMUNITY FINANCIAL SYSTEM, INC. trades at 16.9x trailing earnings, compared to its 15-year median P/E of 17.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 15.2x vs a median of 14.7x. The company's 5-year average ROIC is 7.0% with a gross margin of 86.3%. Total shareholder yield (dividends + buybacks) is 3.1%. At current prices, the estimated annualized return to fair value is +2.7%.
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) reported annual revenue of $1.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) has a net profit margin of 20.7%. This is a strong margin indicating high profitability.
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) generated $233 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) has a debt-to-equity ratio of 0.35. This indicates a conservatively financed balance sheet.
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) reported earnings per share (EPS) of $3.97 in its most recent fiscal year.
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) has a return on equity (ROE) of 11.1%. This indicates moderate shareholder returns.
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) has a 5-year average gross margin of 86.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for COMMUNITY FINANCIAL SYSTEM, INC. (CBU), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) has a book value per share of $38.00, based on its most recent annual SEC filing.