Community Bank System, Inc. Reports Net Income of $5.8 Million for Q1 2023
Company's Revenue Reaches $125.9 Million in Q1 2023
By USInMinutes
Published - Jul 31, 2023, 10:51 AM ET
Last Updated - Jul 31, 2023, 10:51 AM EDT
Community Bank System, Inc.(CBU) has released its financial stat ements for the first quarter of 2023, showcasing its performance in the current economic landscape. The bank reported a net income of $5.8 million, demonstrating its ability to navigate the challenges faced by the banking sector. Additionally, the bank's revenue reached $125.9 million during the same period.
Net Income/Loss
The bank reported a net income of $5.8 million for the first quarter of 2023. This figure reflects the company's ability to generate profits amidst the ongoing economic uncertainties and highlights its financial stability.
Revenue
