Community Financial System, Inc. (CBU) reported an improvement in its fourth-quarter earnings compared to the same period last year.
The company's net income reached $49.79 million, or $0.94 per share, up from $33.71 million, or $0.63 per share, in the previous year.
Excluding certain items, the adjusted earnings for the period were $52.95 million, or $1.00 per share.
The company's revenue increased by 10.9% to $196.29 million, compared to $176.96 million last year.
A summary of Community Financial System, Inc.'s earnings (based on GAAP) is as follows:
- Earnings: $49.79 million, compared to $33.71 million last year.
- Earnings Per Share (EPS): $0.94, compared to $0.63 last year.
- Revenue: $196.29 million, compared to $176.96 million last year.
