Community Financial System, Inc. (CBU) released earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $49.6 million, or $0.93 per share. This compares with $40.9 million, or $0.76 per share, last year.
Excluding items, Community Financial System, Inc. reported adjusted earnings of $0.98 per share for the period.
Analysts on average had expected the company to earn $0.91 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 10.7% to $196.2 million from $177.3 million last year.
Community Financial System, Inc. earnings at a glance (GAAP) :
-Earnings: $49.6 Mln. vs. $40.9 Mln. last year.
-EPS: $0.93 vs. $0.76 last year.
-Revenue: $196.2 Mln vs. $177.3 Mln last year.
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