CBU - Community Bank System: The Cost Of Total Deposits Remains Incredibly Low
2024-01-28 05:56:11 ET
Summary
- Community Bank System reported positive Q4 results, with revenue beating expectations and a low-risk loan portfolio.
- CBU is taking advantage of competitors' lack of liquidity to expand in larger metropolitan areas and increase lending opportunities.
- The bank has a low cost of deposits, stable net interest margin (NIM), and a history of increasing dividends and share buybacks.
Community Bank System ( CBU ) is a bank with a market capitalization of only $2.55 billion and is headquartered in DeWitt, New York. It recently came out with Q4 2023 and overall I think the results were positive:
- Q4 Non-GAAP EPS of $0.76 misses by $0.08.
- Revenue of $177M (+0.6% Y/Y) beats by $1.33M.