Community Bank: 3Q Earnings Snapshot

DEWITT, N.Y. (AP) _ Community Bank System Inc. (CBU) on Monday reported third-quarter net income of $43.1 million.

The Dewitt, New York-based bank said it had earnings of 83 cents per share. Earnings, adjusted for non-recurring costs, were 84 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The bank holding company posted revenue of $146.7 million in the period. Its revenue net of interest expense was $142 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $141.6 million.

Community Bank shares have climbed 8 percent since the beginning of the year. The stock has climbed 4 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBU at https://www.zacks.com/ap/CBU