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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.