Community Bank System (CBU) Tops Q1 EPS by 1c

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Go back to Community Bank System (CBU) Tops Q1 EPS by 1c

Community Bank System Reports Fourth Quarter and Full Year 2016 Results

January 23, 2017 6:40 AM EST

- Record full year GAAP EPS of $2.32 per share

- Increased its dividend to shareholders for the 24th consecutive year

- Announced two strategic acquisitions in the quarter

SYRACUSE, N.Y.--(BUSINESS WIRE)-- Community Bank System, Inc. (NYSE: CBU) reported fourth quarter 2016 net income of $26.4 million, an increase of 31.5% compared with $20.1 million earned for the fourth quarter of 2015. Diluted earnings per share totaled $0.59 for the fourth quarter of 2016, compared to $0.47 per share in the fourth quarter of 2015. Fourth quarter 2016 results included approximately $1.4 million, or two cents per... More