Community Bank System (CBU) Reports In-Line Q4 EPS

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Go back to Community Bank System (CBU) Reports In-Line Q4 EPS

Community Bank System Reports Fourth Quarter and Full Year 2017 Results

January 22, 2018 6:45 AM EST

- Reported full year GAAP EPS of $3.03 per share and record Operating EPS of $2.64 per share, a 13.3% year-over-year improvement

- Realized a one-time tax benefit of $38.0 million related to the revaluation of deferred tax assets and liabilities

- Increased dividends to shareholders for the 25th consecutive year

SYRACUSE, N.Y.--(BUSINESS WIRE)-- Community Bank System, Inc. (NYSE: CBU) reported fourth quarter 2017 net income of $72.0 million, or $1.40 per fully diluted share, compared with $26.4 million, or $0.59 per share reported for the fourth... More