Community Financial System, Inc. (CBU) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Community Financial System Inc. First Quarter 2025 Earnings Conference Call. All participants will be in the listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note that this event is being recorded. I would now like to turn the conference over to Dimitar Geraevanov, President and CEO. Please go ahead. Thank you, Sagar. Good morning, everyone, and thank you for joining our first quarter earnings call. I would like to start this call by acknowledging Joseph Terrace's upcoming retirement in July. Joe joined us through the acquisition of Uber and cumulatively has been with our company for 30 years. That is quite the accomplishment, and we're very grateful for his contributions. Joe's integrity and humility have been a pillar for us over that period, and I also want to thank him personally for being a great partner for me in the past four years. I'm also very happy that our company's performance allows people to have rewarding and productive careers and retire earlier than most. Joe, congratulations. I would also like to welcome Mariah Loss as our new Chief Financial Officer. Mariah joins us with a very dynamic background in finance and a very strong mind for driving business performance. Equally as importantly, she fully embodies our values of humility, integrity, teamwork, and excellence. Mariah, welcome. Now on to business. We had a productive quarter. Results were consistent with last quarter, even with a shorter calendar, seasonal slowdowns, lower asset valu...