Community Bank System Inc. (CBU) reported fourth-quarter net income of $23.13 million or $0.56 per share, compared to $15.48 million or $0.38 per share, prior year.
On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.57 for the quarter. Analysts' estimates typically exclude special items.
Net interest income increased to $61.76 million from $60.64 million. Total noninterest income was $29.93 million, compared to $21.38 million. Total revenue was $91.7 million, an increase of $2.8 million, or 3.2%, over the prior year quarter. Analysts expected revenue of $95.09 million for the quarter.
For comments and feedback contact: editorial@rttnews.com
Business News