Community Financial System, Inc. · NYSE:CBU
Community Financial System — Q2 2026 Earnings Presentation
19 slides from Community Financial System's earnings presentation, Jul 28, 2026
Slide 1: Community Financial System Reports Second Quarter 2026 Results
News Release For further information, please contact: 333 Butternut Drive, Syracuse, N.Y. 13214 Marya Burgio Wlos, EVP & Chief Financial Officer Office: (315) 299-2946 COMMUNITY FINANCIAL SYSTEM, INC. REPORTS SECOND QUARTER 2026 RESULTS SYRACUSE, N.Y. — July 28, 2026 Community Financial System, Inc.
Slide 2: Second Quarter 2026 Performance (continued)
Quarter-over- Year-over-Year Quarter Increase Increase (Decrease) Second Quarter 2026 Performance (continued) (Decrease) Dollars in thousands, except per share 2nd Qtr 1st Qtr 2nd Qtr $ % $ % data 2026 2026 2025 Total Revenues $223,155 $213,286 $199,256 $9,869 4.6% $23,899 12.0% Total Operating 219,
Slide 3: Second Quarter 2026 Business Segment Results
Quarter-over-Quarter Year-over-Year Second Quarter 2026 Business Segment Results2 Increase (Decrease) Increase (Decrease) 2nd Qtr 1st Qtr 2nd Qtr Dollars in thousands 2026 2026 2025 $ % $ % Net interest income $137,899 $133,550 $123,973 $4,349 3.3% $13,926 11.2% Provision for credit losses 4,607 5,6
Slide 4: Results of Operations
Results of Operations The Company reported second quarter 2026 net income of $61.3 million, or $1.16 per share. This compares to net income of $51.3 million, or $0.97 per share, for the second quarter of 2025. The $0.19 increase in earnings per share was primarily driven by increases in net interest
Slide 5: Noninterest Expenses and Income Taxes
Noninterest Expenses and Income Taxes The Company continues to focus on managing expenses consistent with its organic growth strategies and scale objectives, while evaluating efficiency opportunities and the enhancement of operating leverage in all lines of business. The Company recorded $137.7 mi
Slide 6: Loans and Credit Quality
Loans and Credit Quality The Company’s predominantly footprint-based loan portfolio is well diversified, with credit performance remaining a central priority. The Company’s asset quality metrics, including net charge-offs and delinquent and nonperforming (nonaccrual loans and accruing loans 90 days
Slide 7: Dividend Increase and Stock Repurchase Program
Dividend Increase and Stock Repurchase Program The payment of a meaningful and growing dividend is an important component of the Company’s commitment to provide consistent and favorable long-term returns to its shareholders, and it reflects the continued strength of the Company’s long-term operating
Slide 8: Conference Call Scheduled
Conference Call Scheduled Company management will host a conference call at 11:00 a.m. (ET) today, July 28, 2026, to discuss the second quarter 2026 results. The conference call can be accessed via webcast at https://app.webinar.net/b0yzqVAwxjN or via dial-in at 1-833-630-0464 (United States) or 1-4
Slide 9: Summary of Financial Data
Summary of Financial Data (unaudited) (Dollars in thousands, except per share data) Quarter Ended Year-to-Date June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Earnings Loan income $157,530 $146,534 $311,908 $289,438 Investment income 26,822 26,344 52,431 51,087 Total interest income 184,352
Slide 10: Summary of Financial Data
Summary of Financial Data (unaudited) (Dollars in thousands, except per share data) 2026 2025 2nd Qtr2025 1st Qtr 4th Qtr 3rd Qtr 2nd Qtr Earnings Loan income $157,530 $154,378 $154,768 $152,509 $146,534 Investment income 26,822 25,609 26,699 24,774 26,344 Total interest income 184,352 179,987 181,4
Slide 11: Summary of Financial Data
Summary of Financial Data (unaudited) (Dollars in thousands, except per share data) 2026 2025 2nd Qtr2025 1st Qtr 4th Qtr 3rd Qtr 2nd Qtr Components of Net Interest Margin (FTE) Loan yield 5.66% 5.68% 5.68% 5.68% 5.63% Cash equivalents yield 3.60% 3.61% 3.84% 3.92% 4.33% Investment yield 2.17% 2.10%
Slide 12: Summary of Financial Data
Summary of Financial Data (unaudited) (Dollars in thousands, except per share data) 2026 2025 2nd Qtr2025 1st Qtr 4th Qtr 3rd Qtr 2nd Qtr Balance Sheet Data Cash and cash equivalents $258,174 $572,173 $301,755 $245,247 $237,248 Investment securities: Available-for-sale 2,957,963 2,848,132 2,875,341
Slide 13: Summary of Financial Data
Summary of Financial Data (unaudited) (Dollars in thousands, except per share data) 2026 2025 2nd Qtr2025 1st Qtr 4th Qtr 3rd Qtr 2nd Qtr Asset Quality Nonaccrual loans $49,690 $47,103 $49,509 $49,327 $45,808 Accruing loans 90+ days delinquent 7,112 6,595 6,948 6,730 7,519 Total nonperforming loans
Slide 14: Summary of Financial Data
Summary of Financial Data (unaudited) (Dollars in thousands, except per share data) 2026 2025 2nd Qtr2025 1st Qtr 4th Qtr 3rd Qtr 2nd Qtr Quarterly GAAP to Non-GAAP Reconciliations Operating net income (non-GAAP) Net income (GAAP) $61,334 $57,218 $54,422 $55,088 $51,331 Acquisition expenses 231 433
Slide 15: Summary of Financial Data
Summary of Financial Data (unaudited) (Dollars in thousands, except per share data) 2026 2025 2nd Qtr2025 1st Qtr 4th Qtr 3rd Qtr 2nd Qtr Quarterly GAAP to Non-GAAP Reconciliations Return on assets Net income (GAAP) $61,334 $57,218 $54,422 $55,088 $51,331 Average total assets 17,621,066 17,468,804 1
Slide 16: Summary of Financial Data
Summary of Financial Data (unaudited) (Dollars in thousands, except per share data) 2026 2025 2nd Qtr2025 1st Qtr 4th Qtr 3rd Qtr 2nd Qtr Quarterly GAAP to Non-GAAP Reconciliations Operating revenues (non-GAAP) Net interest income (GAAP) $139,144 $134,712 $133,425 $128,165 $124,748 Noninterest reven
Slide 17: Summary of Financial Data
Summary of Financial Data (unaudited) (Dollars in thousands, except per share data) 2026 2025 2nd Qtr2025 1st Qtr 4th Qtr 3rd Qtr 2nd Qtr Quarterly GAAP to Non-GAAP Reconciliations Shareholders’ equity-to-assets ratio at quarter end Total shareholders’ equity (GAAP) – numerator $2,072,765 $2,023,992
Slide 18: Summary of Financial Data
Summary of Financial Data (unaudited) (Dollars in thousands, except per share data) 2026 2025 2nd Qtr 1st Qtr 2nd Qtr Quarterly Segment Information Reconciliations Reconciliation of average total segment assets to average total consolidated assets Average total segment assets $17,761,380 $17,593,896
Slide 19: Summary of Financial Data
Summary of Financial Data (unaudited) (Dollars in thousands, except per share data) 2026 2025 2nd Qtr 1st Qtr 2nd Qtr Quarterly Segment Information Reconciliations Insurance Services Adjusted return on assets Adjusted income before income taxes $2,005 $1,849 $2,247 Average segment assets 106,026 109
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