Community Bank System, Inc.

Community Bank System, Inc.

CBUยทNYSE

$61.52

-0.23%
Financial ServicesBanks - Regional

Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market deposit accounts, as well as time deposits. It also provides loans, including consumer mortgages; general purpose commercial and industrial loans, and mortgages on commercial properties; paycheck protection program loans; 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 broker-dealer and investment advisory; cash management, investment, and treasury services; asset management; and employee benefit services, as well as operates as a full-service insurance agency that offers personal and commercial lines of insurance, and other risk management products and services. Further, it provides contribution plan administration, employee benefit trust, collective investment fund, retirement plan administration, fund administration, transfer agency, actuarial and benefit consulting, VEBA/HRA, and health and welfare consulting services. Additionally, the company offers wealth management, retirement planning, higher educational planning, fiduciary, risk management, trust, and personal financial planning services; and investment alternatives, including stocks, bonds, mutual funds, and advisory products, as well as master recordkeeping services. As of January 24, 2022, it operated approximately 215 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. Community Bank System, Inc. was founded in 1866 and is headquartered in DeWitt, New York.

At a Glance

Live Snapshot
Market Cap$3.23B
EPS3.9800
P/E Ratio15.46
Earnings Date07/28/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 15.5).

Valuation inputs: P/E 15.5, earnings yield +6.5%, momentum -0.2%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +10.5%, ROIC +1.3%).

Profitability stack: net margin +22.7%, ROE +10.5%, ROIC +1.3%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +88.5%, momentum -0.2%, net margin +22.7%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

cbu

Community Bank System, Inc. Market vs Earnings Trajectory

CBU ยท NYSE

Loading price and EPS data...

Community Bank System, Inc.

Community Bank System, Inc. Fair Value Envelope

CBU ยท NYSE

Our analysis suggests that CBU has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $61.52, this represents a potential HIDDEN relative to our calculated worth for Community Bank System, Inc..

Intrinsic Value
Current Price: $61.52
3Y+14.0%
5Y+28.0%
10Y+70.0%
3Y+32.0%
5Y+50.0%
10Y+111.0%
3Y+12.0%
5Y+28.0%
10Y+103.0%
3Y+41.0%
5Y+68.0%
10Y+122.0%
3Y+16.0%
5Y+42.0%
10Y+89.0%
3Y+10.0%
5Y+25.0%
10Y+101.0%
Community Bank System, Inc.

Community Bank System, Inc. Profit Bridge

CBU ยท NYSE
Revenue928.71M
Cost of Goods Sold (246.71M)
Gross Profit682.00M
Operating Expenses (390.34M)
Operating Income291.65M
Interest Expense (192.72M)
Other Income/Expense-16.26M
Pretax Income275.39M
Income Tax (64.94M)
Net Income210.46M
Net Income
210.46M

Profitability Analysis

Gross Margin

73.4%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

31.4%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

22.7%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

23.6%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

73.43%
Gross Profit Margin
-5%
3Y-22.0%
5Y-22.0%
10Y-23.0%
31.40%
Operating Profit Margin
25%
3Y-8.0%
5Y-6.0%
10Y-10.0%
22.66%
Net Profit Margin
17%
3Y-15.0%
5Y-15.0%
10Y-4.0%
10.49%
Return on Equity
1%
3Y-13.0%
5Y+34.0%
10Y+21.0%
1.21%
Return on Assets
9%
3Y+2.0%
5Y+2.0%
10Y+1.0%
1.28%
Return on Invested Capital
-79%
3Y-82.0%
5Y-81.0%
10Y-82.0%
CBU

Community Bank System, Inc. Cash Conversion Engine

CBU ยท NYSE
Net Income210.46M
Depreciation & Amortization29.42M
Stock-Based Compensation10.86M
Change in Working Capital7.57M
Others31.88M
Capital Expenditures-68.53M
Free Cash Flow233.33M

Cash Flow Quality Analysis

FCF Conversion Rate

110.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

22.7%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+5.3%

Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.

Working Capital Impact

+$7.57M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

cbu

Community Bank System, Inc. Funding & Solvency Profile

CBU ยท NYSE
Cash & Cash Equivalents572.17M
Net Receivables0.00
Inventory0.00
Other Current Assets0.00
Total Current Assets572 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets943.31M
Long-Term Investments15.44B
Other Non-Current Assets789.65M
Total Non-Current Assets16 B
Total Assets
17.74B

Financial Health Analysis

Current Ratio

2.85x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

7.77x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

371 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

3% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

cbu

Community Bank System, Inc. Street Expectations Map

CBU ยท NYSE

Wall Street analysts project that CBU stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 75.00, with estimates ranging from a low of 75.00 to a high of 75.00.

Lowest Target
75.00
21.91%
Consensus Target
75.00
21.91%
Highest Target
75.00
21.91%

The consensus 1-year price target stands at 75.00, with estimates ranging from a low of 75.00 to a high of 75.00.

Analyst Consensus Analysis

Upside Potential

+21.9%

Strong upside potential. Consensus indicates attractive return opportunity with favorable risk-reward profile.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

cbu

Community Bank System, Inc. Insider Positioning

CBU ยท NYSE

During the last 12 months, insiders have sold $954K worth of CBU shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

13.7K

865.71K

Net Activity

-866K

-$866K

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

1.4K

88.38K

Net Activity

-88K

-$88K

Top Buyers

No buying activity

Top Sellers

1
WJF

Whipple John F.

Director

4.2K sharesโ€ข1 transactions

$277K

2
SSA

Steele Sally A

Director

4.0K sharesโ€ข1 transactions

$256K

3
GMA

Gillan-Myer Maureen A

Officer: Evp, Chief Admin & Hr Officer

3.5K sharesโ€ข1 transactions

$203K

4
SE

Stickels Eric

Director

2.0K sharesโ€ข1 transactions

$129K

5
LJM

Levy Jeffrey M

Officer: Svp & Chief Banking Officer

1.4K sharesโ€ข1 transactions

$88K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $954K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.80%
Dividend Yield
4%
3Y-4.0%
5Y+47.0%
10Y+7.0%
ย 

cbu Dividend History

CBU
10Y CAGR +4%
Latest $0.47
Annual $1.88
5 year growth trend
Last Period: +0%