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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Community Bank System's Net Income for the three months ended in Dec. 2023 was $33.7 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $167.0 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Community Bank System's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.63.
The historical data trend for Community Bank System's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Community Bank System Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Income | Get a 7-Day Free Trial | 169.06 | 164.68 | 189.69 | 188.08 | 131.92 |
Community Bank System Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net Income | Get a 7-Day Free Trial | 5.80 | 48.29 | 44.13 | 33.71 | 40.87 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Community Bank System's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 168.231 | + | -36.307 | + | 0 | + | 2.8421709430404E-14 |
= | 131.9 |
Community Bank System's Net Income for the quarter that ended in Dec. 2023 is calculated as
Net Income | (Q: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 43.795 | + | -10.089 | + | 0 | + | 0 |
= | 33.7 |
Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $167.0 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Community Bank System (NYSE:CBU) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Community Bank System's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as
Earnings per Share (Diluted) (Q: Dec. 2023 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (33.706 | - | 0) | / | 53.476 | |
= | 0.63 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Community Bank System's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Sally A Steele | director | |
Jeffrey M Levy | officer: President, Commercial Banking | 52 SOUTH BROAD STREET, NORWICH NY 13815 |
Brian R Ace | director | |
Dimitar Karaivanov | officer: EVP Financial Serv & Corp Dev | C/O COMMUNITY BANK SYSTEM, INC., 5790 WIDEWATERS PARKWAY, DEWITT NY 13214 |
Kerrie D. Macpherson | director | 5790 WIDEWATERS PARKWAY, C/O COMMUNITY BANK SYSTEM INC., DEWITT NY 13214 |
Mark J. Bolus | director | R.R. 1, BOX 412A, DALTON PA 18414 |
John F. Whipple | director | 1692 GOODRICH AVENUE, OLEAN NY 14760 |
Michael N Abdo | officer: EVP and General Counsel | 5790 WIDEWATERS PARKWAY, DEWITT NY 13214 |
Jeffrey J Knauss | director | 2438 EAST LAKE ROAD, SKANEATELES NY 13152 |
George J Getman | officer: Executive VP & General Counsel | 7856 CAHILL ROAD, MANLIUS NY 13104 |
Maureen A Gillan-myer | officer: EVP, Chief Human Resources Off | C/O HSBC NORTH AMERICA, 452 FIFTH AVENUE, NEW YORK NY 10018 |
John Parente | director | 478 SCHOOLHOUSE ROAD, TUNKHANNOCK PA 18657 |
Joseph Jonathon Lemchak | officer: SVP, Chief Investment Officer | 4482 YOUNG ROAD, SYRACUSE NY 13215 |
Eric Stickels | director | 182 MAIN STREET, ONEIDA NY 13421 |
Susan E Skerritt | director | 3200 NORTHLINE AVE, SUITE 360, GREENSBORO NC 27408 |
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