Community Bank System (CBU) Misses Q1 EPS by 5c; raises dividend

Community Bank System (NYSE: CBU) reported Q1 EPS of $0.86, $0.05 worse than the analyst estimate of $0.91. Revenue for the quarter came in at $176.6 million versus the consensus estimate of $161.37 million.

"During the first quarter of 2023, the Company declared a quarterly cash dividend of $0.44 per share on its common stock, up 2.3% from the $0.43 dividend declared in the first quarter of 2022, representing an annualized yield of 3.7% based upon the $47.20 closing price of the Company’s stock on April 24, 2023. The $0.01 increase in the quarterly dividend declared in the third quarter of 2022 marked the 30th consecutive year of dividend increases for the Company."

For earnings history and earnings-related data on Community Bank System (CBU) click here.

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