Community Bank System (CBU) Tops Q2 EPS by 2c

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Go back to Community Bank System (CBU) Tops Q2 EPS by 2c

Community Bank System Reports Second Quarter 2016 Results

July 20, 2016 4:16 PM EDT

- GAAP earnings of $25.9 million, or $0.58 per share

- Generated 7% annualized quarterly loan growth

SYRACUSE, N.Y.--(BUSINESS WIRE)-- Community Bank System, Inc. (NYSE: CBU) reported second quarter 2016 net income of $25.9 million, an increase of 8.5% compared with $23.8 million earned for the second quarter of 2015. Diluted earnings per share totaled $0.58 for the second quarter of 2016, equivalent to the second quarter of last year. Fully diluted shares outstanding increased 3.4 million shares from the second quarter of 2015, principally from shares issued in the fourth quarter of 2015 for the stock... More