Community Financial System, Inc. (CBU) Q2 2025 Earnings Call Transcript

Community Financial System, Inc. (NYSE:CBU) Q2 2025 Earnings Conference Call July 22, 2025 11:00 AM ET

Company Participants

Dimitar Karaivanov – President, CEO & Director
Marya Wlos – Executive VP & CFO

Conference Call Participants

Sharanjit Cheema – D.A. Davidson & Co., Research Division
Matthew Breese – Stephens Inc., Research Division
David Konrad – Keefe, Bruyette, & Woods, Inc., Research Division

Operator

Good day, and welcome to the Community Financial Systems, Inc.’s Second Quarter 2025 Earnings Conference Call. [Operator Instructions].

Please note that this event is being recorded, and discussion may contain forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995 that are based on current expectations, estimates and projections about the industry, markets and economic environment in which the company operates.

These statements involve risks and uncertainties that could cause actual results to differ materially from the results discussed refer to our SEC filings, including the Risk Factors section for more details. Discussion may also include references to certain non-GAAP financial measures.

Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures can be found in our earnings release. I would now like to turn the conference over to Dimitar Karaivanov, President and CEO. Please go ahead.

Dimitar Karaivanov

Thank you, Michael. Good morning, everyone, and thank you for joining our Q2 2025 earnings call. My general summary of the quarter is one of continued solid progress across our diversified business and record operating results per share.

In our banking business, net interest income continues to expand on the heels of both increasing asset yields and growth in balances. Our funding is growing and consumer lending had a very strong quarter with momentum continuing into the third quarter. Commercial banking balances were impacted by some constructive repayments of criticized credits and the resolution of a