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Jun 30, 2024
Community Bank Q2 2024 Earnings Report
Community Financial System, Inc. reported second quarter results with increased revenues and earnings per share.
Key Takeaways
Community Financial System, Inc. reported a net income of $47.9 million, or $0.91 per fully diluted share, and non-GAAP operating net income of $50.5 million, or $0.95 per fully diluted share for the second quarter of 2024. The company achieved record quarterly revenues and strong performance across its business lines.
Net income was reported at $47.9 million, or $0.91 per fully diluted share.
Non-GAAP operating net income reached $50.5 million, or $0.95 per fully diluted share.
Total revenues increased to $183.8 million, a 4.9% increase from the second quarter of 2023.
The company's operating pre-tax, pre-provision net revenue per share increased by 4.0% year-over-year.
Community Bank
Community Bank
Community Bank Revenue by Segment
Revenue by Segment
Non-Bank Noninterest Revenues Revenue
CapyFin.com