COMMUNITY FINANCIAL SYSTEM, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $23.1m $26.1m $30.3m $32.2m $32.4m $34.0m $39.8m $47.1m $746.3m $818.0m
Revenue Not from Contract with Customer, Other $744k $375k
Operating Expenses $266.8m
Noninterest income:
Additional Financial Items
Bank Owned Life Insurance Income $1.5m $1.6m $1.6m $1.7m $1.9m $2.0m $2.1m $2.4m $2.5m $3.4m
Amortization of Intangible Assets $5.5m $16.9m $18.2m $16.0m $14.3m $14.1m $15.2m $14.5m $14.3m $13.8m
Equity Securities, FV-NI, Realized Gain (Loss) $0 $0 $657k $19k ($6k) $17k ($44k) ($47k) $0 $0
Goodwill, Impairment Loss $0 $0 $0 $0 $0
Income (Loss) from Equity Method Investments $0 $0 ($285k)
Insurance Services Revenue $23.1m $26.1m $30.3m $32.2m $32.4m $34.0m $39.8m $47.1m $50.2m $54.4m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $241.3m $240.3m $168.2m $236.7m $275.4m
Net Income (Loss) Attributable to Parent $103.8m $150.7m $168.6m $169.1m $164.7m $189.7m $188.1m $131.9m $182.5m $210.5m
Net Income (Loss) Available to Common Stockholders, Basic $103.3m $150.1m $167.9m $168.7m $164.2m $189.2m $187.5m $131.5m $181.7m $209.6m
Earnings Per Share, Basic $2.34 $3.07 $3.28 $3.26 $3.10 $3.51 $3.48 $2.45 $3.44 $3.98
Earnings Per Share, Diluted $2.32 $3.03 $3.24 $3.23 $3.08 $3.48 $3.46 $2.45 $3.44 $3.97
Common Stock, Dividends, Per Share, Declared $1.26 $1.32 $1.44 $1.58 $1.66 $1.70 $1.74 $1.78 $1.82 $1.86
Weighted Average Number of Shares Outstanding, Basic 44.1m 48.8m 51.2m 51.7m 53.0m 54.0m 53.9m 53.6m 52.8m 52.7m
Weighted Average Number of Shares Outstanding, Diluted 44.5m 49.5m 51.7m 52.2m 53.3m 54.4m 54.2m 53.7m 52.9m 52.8m
Noninterest expense:
Labor and Related Expense $151.6m $180.0m $207.4m $219.9m $228.4m $241.5m $257.3m $281.8m $300.8m $313.9m
Business Combination, Acquisition Related Costs $1.7m $26.0m ($769k) $8.6m $4.9m $701k $5.0m $63k $213k $3.7m
Interest Expense $11.3m $13.8m $17.7m $26.6m $20.9m $13.0m $23.1m $104.1m $194.4m $192.7m
Interest Expense, Securities Sold under Agreements to Repurchase $3.1m $4.6m $3.1m
Other Cost and Expense, Operating $261.4m $304.2m $327.9m $347.5m $357.3m $373.2m $404.3m $447.9m
Income Tax Expense (Benefit) $50.8m $9.2m $44.3m $40.3m $41.4m $51.7m $52.2m $36.3m $54.2m $64.9m
Total interest expense $11.3m $13.8m $17.7m $26.6m $20.9m $13.0m $23.1m $104.1m $194.4m $192.7m
Interest Income (Expense), Net $273.9m $315.7m $345.1m $359.2m $368.4m $374.4m $420.6m $437.3m $449.1m $506.6m