Community Bank System (CBU) Tops Q3 EPS by 1c

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Go back to Community Bank System (CBU) Tops Q3 EPS by 1c

Community Bank System Reports Record Quarterly Results

October 22, 2015 6:45 AM EDT

- GAAP earnings of $0.60 per share

- Dividend increased for the 23rd consecutive year

SYRACUSE, N.Y.--(BUSINESS WIRE)-- Community Bank System, Inc. (NYSE: CBU) reported third quarter 2015 net income of $25.0 million, an increase of 11.9% compared with $22.4 million earned in the third quarter of 2014. Diluted earnings per share totaled $0.60 for the third quarter of 2015, a six cent per share improvement over the $0.54 per share reported in the third quarter of 2014, and included $0.6 million of acquisition expenses, or one cent per share. The third quarter of 2014s results... More