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Income Statement
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COMMUNITY BANK SYSTEM, INC. (CBU)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  308.4314.8308.2286.2253.9211.5187.7185.5
        Interest income on investments  79.174.577.576.675.573.771.970.7
       387.4389.3385.7362.7329.5285.2259.6256.2
    Interest expense:  
        Interest on deposits  11.616.820.510.78.07.37.08.2
       13.020.926.617.713.811.311.211.8
Net interest income  374.4368.4359.2345.1315.7273.9248.4244.4
Provision for loan losses  -8.814.28.410.811.08.16.47.2
Net interest income after provision for loan losses  383.3354.2350.7334.2304.7265.8242.0237.3
        Deposit and loan fees        52.752.8
        Other non-interest income  246.2228.4230.6224.1202.4155.670.666.3
Total non-interest income  246.2228.4230.6224.1202.4155.6123.3119.0
Non-interest expenses  388.1376.5372.0345.3347.1266.8233.1247.8
Pre-tax income before non-recurring items  242.1214.0217.9212.2186.0156.3139.3129.8
Non-recurring items  0.87.98.6-0.826.01.77.00.1
Pre-tax income  241.3206.1209.3213.0160.0154.6132.2129.7
Income taxes  51.741.440.344.39.250.841.038.3
            Tax rate  21.4%20.1%19.2%20.8%5.8%32.8%31.0%29.6%
Net income  189.7164.7169.1168.6150.7103.891.291.4
            Net margin  30.1%28.3%29.1%30.2%29.7%24.6%25.0%25.6%
   
Basic EPS  $3.51$3.11$3.27$3.30$3.09$2.35$2.23$2.25
Diluted EPS  $3.49$3.09$3.24$3.26$3.05$2.33$2.20$2.23
   
Shares outstanding (basic)  54.053.051.751.248.844.141.040.5
Shares outstanding (diluted)  54.453.352.251.749.544.541.441.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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