Community Financial System, Inc. (CBU), on Wednesday reported its higher net income in the first quarter of 2026 compared with the previous year.
For the first quarter, net income increased to $57.22 million from $49.61 million in the previous year.
Earnings per share were $1.08 versus $0.93 last year.
Adjusted net income increased to $61.14 million from $52.07 million in the previous year.
Adjusted earnings per share were $1.15 versus $0.98 last year.
Net interest income increased to $134.71 million from $120.21 million in the previous year.
Noninterest revenue jumped to $78.57 million rom $76.04 million in the prior year.
Loans increased to $11.13 billion from $10.42 billion in the same period a year ago.
Deposits rose to $14.87 billion from $13.89 billion in the same period a year ago.
On Tuesday, Community Financial System closed trading at $63.17 on the New York Stock Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.