COMMUNITY FINANCIAL SYSTEM, INC.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 27, 2026
CBU$65.78+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Condition
(In Thousands, Except Share Data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Assets: | | | | | | |
| Cash and cash equivalents (includes restricted cash of $14,760 and $5,110, respectively) | | $301,755 | | $197,004 | ||
| Available-for-sale investment securities, includes pledged securities that can be sold or repledged of $319,478 and $362,129, respectively (cost of $3,148,728 and $3,192,392, respectively) | | 2,875,341 | | 2,785,714 | ||
| Held-to-maturity securities (fair value of $1,370,464 and $1,220,168, respectively) | | | 1,454,166 | | | 1,345,155 |
| Equity and other securities | | 77,252 | | 87,517 | ||
| | | | | | | |
| Loans | | 10,949,757 | | 10,432,365 | ||
| Allowance for credit losses | | (87,921) | | (79,114) | ||
| Loans, net of allowance for credit losses | | 10,861,836 | | 10,353,251 | ||
| | | | | | | |
| Goodwill | | 887,975 | | 853,225 | ||
| Core deposit intangibles, net | | 14,754 | | 5,148 | ||
| Other intangibles, net | | 39,987 | | 43,098 | ||
| Goodwill and intangible assets, net | | 942,716 | | 901,471 | ||
| | | | | | | |
| Premises and equipment, net | | 246,505 | | 183,759 | ||
| Accrued interest and fees receivable | | 57,734 | | 54,340 | ||
| Equity method investments | | | 37,065 | | | 0 |
| Other assets | | 448,926 | | 477,833 | ||
| | | | | | | |
| Total assets | | $17,303,296 | | $16,386,044 | ||
| | | | | | | |
| Liabilities: | | | | | ||
| Noninterest-bearing deposits | | $3,683,442 | | $3,557,219 | ||
| Interest-bearing deposits | | 10,703,643 | | 9,884,488 | ||
| Total deposits | | 14,387,085 | | 13,441,707 | ||
| | | | | | | |
| Overnight borrowings | | 0 | | 118,000 | ||
| Securities sold under agreement to repurchase, short-term | | 231,163 | | 261,553 | ||
| Federal Home Loan Bank and other borrowings | | 458,770 | | 619,312 | ||
| Accrued interest and other liabilities | | 220,244 | | 182,637 | ||
| Total liabilities | | 15,297,262 | | 14,623,209 | ||
| | | | | | | |
| Commitments and contingencies (See Note N) | | | | | ||
| | | | | | | |
| Shareholders’ equity: | | | | | ||
| Preferred stock, $1.00 par value, 500,000 shares authorized, 0 shares issued | | 0 | | 0 | ||
| Common stock, $1.00 par value, 75,000,000 shares authorized; 54,907,426 and 54,696,208 shares issued, respectively | | 54,907 | | 54,696 | ||
| Additional paid in capital | | 1,088,047 | | 1,075,537 | ||
| Retained earnings | | 1,387,636 | | 1,275,331 | ||
| Accumulated other comprehensive loss | | (418,990) | | (548,085) | ||
| Treasury stock, at cost (2,225,209 shares, including 94,479 shares held by deferred compensation arrangements at December 31, 2025, and 2,028,372 shares including 103,696 shares held by deferred compensation arrangements at December 31, 2024) | | (110,945) | | (100,539) | ||
| Deferred compensation arrangements (94,479 and 103,696 shares, respectively) | | | 5,379 | | | 5,895 |
| Total shareholders’ equity | | 2,006,034 | | 1,762,835 | ||
| | | | | | | |
| Total liabilities and shareholders’ equity | | $17,303,296 | | $16,386,044 | ||
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