DEWITT, N.Y. (AP) _ Community Bank System Inc. (CBU) on Monday reported fourth-quarter profit of $46.5 million.

The Dewitt, New York-based bank said it had earnings of 86 cents per share. Earnings, adjusted for non-recurring gains, came to 85 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The bank holding company posted revenue of $154.8 million in the period. Its revenue net of interest expense was $150.6 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $151 million.

For the year, the company reported profit of $164.7 million, or $3.08 per share. Revenue was reported as $596.8 million.

Community Bank shares have risen 13% since the beginning of the year. The stock has risen nearly 1% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBU at https://www.zacks.com/ap/CBU

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