Welcome to our dedicated page for Community Financial System SEC filings (Ticker: CBU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Community Financial System, Inc. filings document a diversified financial services company with banking, employee benefit services, insurance services and wealth management services operations. Its Form 8-K reports furnish operating results, Regulation FD investor presentations, director appointments, bank leadership changes and capital actions, including stock repurchase authorization disclosures.
Proxy materials cover annual meeting procedures, shareholder voting matters, board governance, executive compensation and performance discussion across the company's four business lines. The filing record also identifies Community Bank, N.A. and other operating units as recurring subjects in disclosures about business strategy, governance and capital structure for CBU common stock.
Community Financial System, Inc. reported the results of its virtual Annual Shareholders Meeting held on May 20, 2026. Shareholders elected 12 directors to one-year terms, with each nominee receiving approximately 38.7 million to 40.3 million votes in favor and over 5.0 million broker non-votes.
Shareholders also approved, on a non-binding advisory basis, the Company’s executive compensation programs, with 39,052,791 votes for, 1,367,203 against, and 197,287 abstentions, plus 5,090,737 broker non-votes. In addition, shareholders ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2026, with 45,216,738 votes for, 457,737 against, and 33,543 abstentions.
Community Financial System, Inc. filed a current report stating it has posted a new investor presentation on its website for upcoming meetings with investors and analysts. The presentation is available on the Events & Presentations page of the company’s investor relations site, offering updated information about the business.
Community Financial System, Inc. reported stronger results for the quarter ended March 31, 2026, with net income of $57.2 million and diluted EPS of $1.08, up from $49.6 million and $0.93 a year earlier. Net interest income rose to $134.7 million as loan balances grew to $11.1 billion, while the provision for credit losses decreased slightly. Total assets reached $17.7 billion and deposits increased to $14.9 billion, reflecting balance‑sheet expansion. The allowance for credit losses increased to $90.2 million, supported by stable credit quality metrics. The company also highlighted ongoing integration of recent acquisitions and a pending cash acquisition of ClearPoint Federal Bank & Trust to expand wealth management services.
Community Financial System Inc ownership disclosure: institutional investor FMR LLC reports beneficial ownership of 3,026,372.36 shares of Common Stock, representing 5.8% of the class as of 03/31/2026. The filing lists sole dispositive power of 3,026,372.36 shares and cites an attached Exhibit 99 for subsidiary identification and a 13d-1(k)(1) agreement.
Community Financial System, Inc. Executive Vice President and Chief Financial Officer Marya Burgio Wlos reported routine share movements related to compensation and retirement savings. The filing shows 273 shares of common stock were disposed of at $63.62 per share to cover taxes on a vesting restricted stock award, a non-market tax-withholding transaction rather than an open-market sale. After this event, she directly holds 1,993 shares of common stock. She also has an additional 488.6341 shares held indirectly through the company’s 401(k) Plan, based on a current plan statement, reflecting ongoing retirement plan participation rather than trading activity.
COMMUNITY FINANCIAL SYSTEM, INC. director Sally A. Steele reported a routine equity compensation event involving phantom stock units tied to common shares.
On April 29, 2026, her phantom stock units were settled for 9 shares of common stock, while 0.4418 shares were settled in cash at $63.17 per share. This reflects the exercise and conversion of deferred stock units granted under the company’s 2022 Long-Term Incentive Plan.
Following these transactions, Steele directly holds 41,227 shares of common stock and 1,230.7635 phantom stock units, and indirectly holds 4,585 shares jointly with her brother. These phantom units are economically equivalent to common shares and are designed to be settled in stock at predetermined dates, aligning director compensation with shareholder value.
Pecor Raymond C III reported acquisition or exercise transactions in this Form 4 filing.
Community Financial System, Inc. director Raymond C. Pecor III reported routine compensation-related activity involving phantom stock units. On April 29, 2026, his phantom stock units were settled for 9 shares of common stock, with 0.4418 of a share settled in cash at $63.17 per share. Following the settlement, he directly holds 11,448.221 common shares and has 7,180.8232 phantom stock units outstanding, while a trust associated with him holds 11,277.977 common shares. He formally disclaims beneficial ownership of the trust-held securities.
Parente John reported acquisition or exercise transactions in this Form 4 filing.
COMMUNITY FINANCIAL SYSTEM, INC. director John Parente reported routine equity compensation activity involving phantom stock units tied to common stock. On April 29, 2026, 9 phantom stock units were settled into 9 shares of common stock, with a fractional .4418 unit settled in cash at $63.17 per share, as described in the footnotes.
Following this settlement, Parente directly held 72,654.3212 shares of common stock. The filing also lists 10,000 common shares in each of three separate trusts for his children, but the footnotes state he has no investment discretion, voting power, or pecuniary interest in those trust shares and disclaims beneficial ownership.
COMMUNITY FINANCIAL SYSTEM, INC. director Jeffery J. Knauss reported a routine compensation-related transaction involving phantom stock units converting into common shares. On April 29, 2026, 9 phantom stock units were settled for 9 shares of common stock, with an additional 0.4418 share equivalent settled in cash at $63.17 per share. Following the transaction, Knauss directly holds about 4,829.4908 shares of common stock and 1,220 phantom stock (deferred stock) units, which are granted under the company’s 2022 Long-Term Incentive Plan and are economically equivalent to common shares until settlement.
Community Financial System Inc reported that Vanguard Capital Management beneficially owns 2,773,406 shares of Common Stock, representing 5.27% of the class. The filing states Vanguard has sole dispositive power over 2,773,406 shares and sole voting power over 399,267 shares.
The Schedule 13G lists Vanguard affiliates and notes holdings include shares held for Vanguard funds and managed accounts. The filing is signed by Ashley Grim, Head of Global Fund Administration.