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$64.88-1.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(In Thousands, Except Per-Share Data)


· · Years Ended December 31,
· · 2025 · · 2024 · · 2023
Interest income: · · · · · · ·
Interest and fees on loans	$596,715	$545,767	$445,167
Interest and dividends on taxable investments	91,534	85,734	82,368
Interest and dividends on nontaxable investments	11,026	12,027	13,853
Total interest income	699,275	643,528	541,388

Interest expense:
Interest on deposits	162,200	159,520	85,337
Interest on borrowings	30,525	34,891	18,766
Total interest expense	192,725	194,411	104,103

Net interest income	506,550	449,117	437,285
Provision for credit losses	21,350	22,773	11,203
Net interest income after provision for credit losses	485,200	426,344	426,082

Noninterest revenues:
Deposit service fees	59,371	58,283	54,689
Mortgage banking	3,535	4,421	595
Other banking services	21,012	15,840	14,688
Employee benefit services	135,974	130,981	117,961
Insurance services	54,410	50,249	47,094
Wealth management services	37,065	36,668	31,941
Loss on sales of investment securities	0	(487)	(52,329)
Gain on debt extinguishment	0	0	242
Unrealized gain (loss) on equity securities	375	1,231	(47)
Loss from equity method investments	(285)	0	0
Total noninterest revenues	311,457	297,186	214,834

Noninterest expenses:
Salaries and employee benefits	313,915	300,779	281,803
Data processing and communications	70,161	61,843	57,585
Occupancy and equipment	48,249	43,658	42,550
Business development and marketing	15,135	16,059	15,731
Legal and professional fees	17,898	15,323	15,921
Amortization of intangible assets	13,846	14,259	14,511
Other expenses	42,059	34,904	44,584
Total noninterest expenses	521,263	486,825	472,685

Income before income taxes	275,394	236,705	168,231
Income taxes	64,939	54,224	36,307
Net income	$210,455	$182,481	$131,924

Basic earnings per share	$3.98	$3.44	$2.45
Diluted earnings per share	$3.97	$3.44	$2.45

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.