CBUCOMMUNITY FINANCIAL SYSTEM, INC.
National Commercial Banks
- Revenue
- $818M
- 9.6% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $3.3B
- Employees
- 2,853
- $287K revenue each
- Net debt / EBITDA
- —
- $732M net debt
- AI in 10-K
- 2.2
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo143% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo36% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo5% of assetsOver 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$287K · 71st pctBottom quartile of its SIC industry
- Quiet on AINo2.2 per 10K words · 58th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$3.3B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$2M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | $679M | $652M | $746M | $818M | 9.6% |
| Net income | $190M | $188M | $132M | $182M | $210M | 15% |
| Operating cash flow | $203M | $215M | $228M | $242M | $302M | 25% |
| Capex | $13M | $13M | $19M | $21M | $69M | 231% |
| Stock-based comp | $6M | $8M | $9M | $8M | $11M | 30% |
| Buybacks | $5M | $17M | $30M | $46M | $11M | 76% |
| Dividends | $91M | $93M | $95M | $96M | $98M | 1.9% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $75K · 3
- Open-market sells, 12 mo
- $2M · 6
- Net
- −$2M
Pay vs performance
No pay-versus-performance disclosure yet.