Community Bank System (CBU) Reports In-Line Q1 EPS

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Go back to Community Bank System (CBU) Reports In-Line Q1 EPS

Community Bank System Reports First Quarter 2016 Results

April 25, 2016 6:30 AM EDT

- First quarter operating EPS improved to $0.55 per share

- Successful integration of Oneida Financial

SYRACUSE, N.Y.--(BUSINESS WIRE)-- Community Bank System, Inc. (NYSE: CBU) reported first quarter 2016 net income of $24.4 million, a 9.4% increase over the $22.3 million of net income generated in the first quarter of 2015. Diluted earnings per share totaled $0.55 for the first quarter of 2016, one cent per share higher than the $0.54 per share reported in the first quarter of 2015. The Company incurred $0.1 million and $0.4 million of acquisition expenses in the first quarter of 2016 and... More