Community Financial System, Inc. (CBU) Q2 2026 Earnings Call July 28, 2026 11:00 AM EDT
Company Participants
Dimitar Karaivanov – President, CEO & Director
Marya Wlos – Executive VP, Treasurer & CFO
Conference Call Participants
Stephen Moss – Raymond James & Associates, Inc., Research Division
Grant Zirlin
Matthew Breese – Stephens Inc., Research Division
Presentation
Operator
Good day, and welcome to the Community Financial Systems, Inc. Second Quarter 2026 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 the company’s SEC filings, including the Risk Factors section for more details.
Discussion may also include reference to certain non-GAAP financial measures. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures can be found in the company’s earnings release.
I would now like to turn the conference over to Dimitar Karaivanov, President and CEO. Please go ahead.
Dimitar Karaivanov
President, CEO & Director
Thank you, Betsy. Good morning, everyone. Thank you for joining us today. This was another consecutive record quarter, which I would classify as solid with continued expansion in net interest income, strong fee performance in Banking, Employee Benefits and Wealth Management and managed recurring run rate expenses. Both credit and liquidity remain top tier. Insurance revenues were short of expectations, and we also had a few expense items, which we do not consider recurring.
I’m particularly encouraged by the continued client and talent acquisition momentum across all of our markets in banking, the new product
