Community Financial System continues to benefit from favorable balance sheet repricing, driving strong interest margin expansion and earnings growth. CBU's diversified revenue mix, with around 40% from non-interest income, is also being supported by buoyant asset markets. Credit quality remains robust, with net charge-offs at 0.09% and non-performing loans at 0.52%.
SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Financial System, Inc. Significantly Expands Its Wealth Management Services With Acquisition of ClearPoint Federal Bank & Trust.
Community Financial System continues to benefit from an expanding net interest margin, driving strong operating leverage and earnings growth. Asset repricing should support further NIM and net interest income expansion, with significant upside from maturing low-yield securities. Credit quality hasn't shown any signs of deterioration, with net charge-offs still low and delinquencies stable.
SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank, N.A. Completes Acquisition of Seven Former Santander Bank, N.A. Branches in Allentown, Pennsylvania Area.
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