trending Market Intelligence /marketintelligence/en/news-insights/trending/2TW6zWDjSebbHRe_LV-kHw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Community Bank System Q3 EPS beats analyst estimate

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


Community Bank System Q3 EPS beats analyst estimate

De Witt, N.Y.-based Community Bank System Inc. posted third-quarter adjusted net income of $45.8 million, or 88 cents per share, up from $44.0 million, or 84 cents per share, a year ago.

The S&P Global Market Intelligence consensus estimate for normalized EPS for the third quarter was 81 cents.

The bank, however, reported GAAP net income of $39.2 million, or 75 cents per share, for the third quarter, lower than the $43.1 million, or 83 cents per share, in the year-ago period.

Net interest income for the third quarter was $91.3 million, up from $86.2 million in the year-ago quarter. On a fully taxable-equivalent basis, net interest margin was 3.73%, a slight increase from last year's 3.71%.

Net charge-offs for the quarter were $1.6 million, down from $1.7 million in the prior-year period.

The bank's total loans reached $6.85 billion as of the end of the most recent quarter, up from $6.28 billion as of the end of the second quarter and $6.30 billion at the end of the third quarter in 2018.

Total deposits stood at $9.17 billion at the end of the third quarter, down from $8.49 billion at the end of the linked quarter and $8.46 billion at the end of the year-ago quarter.

Provision for loan losses for the quarter totaled $1.8 million, compared with $2.2 million in the year-ago period.

Community Bank System also announced an agreement to acquire Hornell, N.Y.-based Steuben Trust Corp. in a cash-and-stock deal valued at about $106.8 million.