Community Financial System Inc
communityfinancialsystem.comWhat Do They Do?
Provides retail and commercial banking, employee-benefit administration, and insurance and wealth-management services to individuals, businesses and institutional customers.
10-K for FY2025, filed Feb 27, 2026Community Financial System, Inc. (the “Company”) was incorporated on April 15, 1983, under the Delaware General Corporation Law. Its…View ↗
As of December 31, 2025, the Bank operates 192 full-service branches and 8 drive-thru only locations throughout 42 counties of Upstate New…View ↗
The Bank is a community bank committed to the philosophy of serving the financial needs of customers in local communities. The Bank’s…View ↗
Through BPAS and its subsidiaries, the Company operates a national practice that provides employee benefit trust, collective investment…View ↗
Through OneGroup, the Company offers personal and commercial lines of insurance and other risk management products and services. In…View ↗
Through the Bank’s Nottingham Trust division, NISI, Nottingham Advisors, and Wealth Partners, the Company provides wealth management…View ↗
How Do They Make Money?
The Bank earns interest on loans and securities and collects account, card, ATM and merchant fees; account fees are charged when services or transactions occur or monthly. Employee-benefit and wealth-management clients pay management and administration fees monthly or quarterly, while insurance commissions are tied to policy issuance or effective dates.
10-K for FY2025, filed Feb 27, 2026The Company’s income and cash flow depends to a great extent on the difference between the interest earned on loans and investment…View ↗
Deposit service fees consist of account activity fees, monthly service fees, overdraft fees, check orders, debit and credit card income…View ↗
Employee benefit services income consists of revenue received from retirement plan services, collective investment fund services, fund…View ↗
Insurance services primarily consists of commissions received on insurance product sales and consulting services. The Company acts in the…View ↗
Wealth management services income is primarily comprised of fees earned from the management and administration of trusts and other customer…View ↗
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10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by reportable segment (Total segment operating revenues) ↗
$818M
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10-K for FY2025, filed Feb 27, 2026
$818M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Banking and Corporate
|
71%
FY2022: 72%
|
Banking and Corporate, FY2025
$586.8M Sources
|
|
|
Employee Benefit Services
|
17%
FY2022: 17%
|
Employee Benefit Services, FY2025
$142.4M Sources
|
|
|
Insurance Services
Sold outright
|
6.6%
FY2022: 5.8%
|
Insurance Services, FY2025
$54.4M Sources
|
Sold outright |
|
Wealth Management Services
|
4.8%
FY2022: 4.8%
|
Wealth Management Services, FY2025
$39.4M Sources
|
Who Are Their Customers?
Individuals, businesses and public or institutional organizations use the Bank’s local branches and digital services. Employee-benefit services are marketed through financial advisers or directly to plan sponsors and fund companies; wealth services serve individuals, corporations, pension plans and foundations.
10-K for FY2025, filed Feb 27, 2026Community Financial System, Inc. (the “Company”) was incorporated on April 15, 1983, under the Delaware General Corporation Law. Its…View ↗
As of December 31, 2025, the Bank operates 192 full-service branches and 8 drive-thru only locations throughout 42 counties of Upstate New…View ↗
The Bank is a community bank committed to the philosophy of serving the financial needs of customers in local communities. The Bank’s…View ↗
The Company’s employee benefits, trust and plan administration business competes on a national scale and provides geographic…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 26 cents of every revenue dollar as net income in FY2025 and turned 29 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
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Jun 1, 2026
Acquires ClearPoint Federal Bank & Trust
The acquired business will operate as ClearPoint Trust and expand the offerings of Nottingham Financial Group.
Sources
8-K, filed Jun 1, 2026
On June 1, 2026, Community Financial System, Inc. (the “Company”) announced that its wholly-owned subsidiary, Community Bank, N.A.…View ↗
Growing. Revenue grew 2.1x in 4 years, from $387.4M in FY2021 to $818M in FY2025, about 21% a year.
Banking territory
The described banking territory includes Southern New Hampshire; the older business description named Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts.
10-K for FY2022, filed Mar 1, 2023 10-K for FY2025, filed Feb 27, 2026The Bank’s business philosophy is to operate as a diversified financial services enterprise providing a broad array of banking and other…View ↗
The Bank is a community bank committed to the philosophy of serving the financial needs of customers in local communities. The Bank’s…View ↗
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