Community Bank System Q4 Profit Beats Estimates

Community Bank System, Inc. (CBU) reported that its fourth quarter operating earnings per share was $0.96, compared to $0.81, prior year. On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.93, for the quarter. Analysts' estimates typically exclude special items.

Net income was $52.5 million, or $0.97 per share compared to $43.6 million or $0.80 per share, last year.

Total revenues was $175.9 million, an increase of 10.2%, over the prior year's fourth
quarter. Analysts on average had estimated $178.07 million in revenue.

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