Community Bank System, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
January 24, 2022 at 07:13 pm IST
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Community Bank System, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported net interest income was USD 374.41 million compared to USD 368.4 million a year ago. Net income was USD 189.69 million compared to USD 164.68 million a year ago.
Basic earnings per share from continuing operations was USD 3.51 compared to USD 3.1 a year ago. Diluted earnings per share from continuing operations was USD 3.48 compared to USD 3.08 a year ago.
Community Financial System, Inc., formerly Community Bank System, Inc., is a diversified financial services company. The Company is focused on four main business lines, such as banking, employee benefit services, insurance services and wealth management. The Companyâs banking subsidiary, Community Bank, N.A., operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. The Companyâs Benefit Plans Administrative Services, Inc. subsidiary is a provider of employee benefits administration, trust services, collective investment fund administration, and actuarial consulting services to customers on a national scale. The Companyâs OneGroup NY, Inc. subsidiary is a United States insurance agency. The Company also offers comprehensive financial planning, trust administration and wealth management services through its Wealth Management operating unit.
COMMUNITY FINANCIAL SYSTEM, INC. 
