Community Financial System, Inc. filed its quarterly report on Form 10-Q with the SEC on November 6, 2026, covering the three and nine months ended September 30, 2026, disclosing net income of $61.3 million for the third quarter and $179.9 million for the first nine months of 2026.

Key Highlights

  • Q3 net income: $61,304 thousand for the three months ended September 30, 2026, compared with $55,088 thousand in the same period of 2025.
  • Nine-month net income: $179,856 thousand for the nine months ended September 30, 2026, up from $156,033 thousand in the prior-year period.
  • Net interest income: $143,544 thousand for Q3 2026, compared with $128,165 thousand for Q3 2025; $417,400 thousand for the nine months ended September 30, 2026, versus $373,125 thousand in 2025.
  • Total assets: $17,787,973 thousand as of September 30, 2026, up from $17,303,296 thousand at December 31, 2025.
  • Total loans: $11,518,055 thousand at September 30, 2026, compared with $10,949,757 thousand at December 31, 2025, with an allowance for credit losses of $92,020 thousand.
  • Diluted earnings per share: $1.16 for Q3 2026 and $3.39 for the nine months ended September 30, 2026, versus $1.04 and $2.94 in the respective prior-year periods.
  • Shares outstanding: 52,379,276 shares of common stock as of October 30, 2026.

Community Financial System Reports Q3 2026 Financial Results

According to the filing, Community Financial System, Inc. (NYSE:CBU), headquartered at 333 Butternut Drive, Syracuse, New York, reported net income of $61,304 thousand for the three months ended September 30, 2026, an increase from $55,088 thousand in the third quarter of 2025. For the nine months ended September 30, 2026, the company disclosed net income of $179,856 thousand, compared with $156,033 thousand for the same period in 2025. Basic earnings per share were $1.16 for Q3 2026 and $3.41 for the nine-month period, the filing stated.

The filing reported total interest income of $188,249 thousand for Q3 2026, up from $177,283 thousand a year earlier, while total interest expense fell to $44,705 thousand from $49,118 thousand in Q3 2025. Total noninterest revenues for Q3 2026 were $83,747 thousand, compared with $78,887 thousand in Q3 2025. The company's noninterest revenues included employee benefit services of $36,402 thousand and insurance services of $14,611 thousand for the third quarter. The filing also disclosed a loss on investment securities of $2,916 thousand in Q3 2026, compared with a gain of $236 thousand in Q3 2025.

On the balance sheet, the company reported total deposits of $14,865,106 thousand at September 30, 2026, up from $14,387,085 thousand at December 31, 2025. Total shareholders' equity stood at $2,030,585 thousand as of September 30, 2026, compared with $2,006,034 thousand at year-end 2025. Goodwill and intangible assets, net, were reported at $967,421 thousand, up from $942,716 thousand at December 31, 2025. Total noninterest expenses for Q3 2026 were $141,030 thousand, versus $128,319 thousand in Q3 2025, with salaries and employee benefits accounting for $83,945 thousand of that total.

What Was Disclosed

Community Financial System, Inc. filed a Form 10-Q for the quarter ended September 30, 2026, disclosing increases in net income, net interest income, total assets, and total loans compared with prior periods, alongside a rise in total noninterest expenses and a loss on investment securities in Q3 2026.