Earnings Releases·Oct 27, 2026, 9:00 AM ET

Community Financial System, Inc. — Third Quarter 2026 Earnings Summary

Reported net income of $61.3 million ($1.16 per share), up from $55.1 million ($1.04 per share) in the prior year quarter, with operating net income rising 16.5% year-over-year to $67.0 million.
Total revenues increased 9.8% year-over-year to $227.3 million, driven by a 12.0% rise in net interest income and a 41.3% surge in Wealth Management Services revenue following the acquisition of ClearPoint Federal Bank & Trust.
Management expects strong performance into the fourth quarter and 2027, citing a strategic redeployment of proceeds from lower-yielding Treasury sales to repay higher-cost borrowings.
Capital return initiatives included a 4.3% dividend increase to $0.49 per share and a December 2025 authorization to repurchase up to 2.63 million shares, with 508,471 shares already bought back in 2026.
Net charge-offs increased to $5.1 million due to two individually assessed business lending relationships, while total noninterest expenses rose 9.9% year-over-year to $141.0 million, partly due to acquisition-related costs.