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SYRACUSE, N.Y. - Community Financial System, Inc. (NYSE:CBU) announced Monday it has acquired seven branch locations from Santander Bank in the Allentown, Pennsylvania area, adding approximately $553.0 million in customer deposit accounts. The move comes as the regional bank, which currently trades at a P/E ratio of 14.65, continues to expand its footprint despite a challenging year that has seen its stock decline 15.21% over the past 12 months.
The acquisition strengthens Community Bank's presence in the Greater Lehigh Valley region, where it will now operate a total of 12 retail locations, positioning it among the top five banks in the market. According to InvestingPro data, three analysts have revised their earnings upward for the upcoming period, suggesting potential confidence in the company's expansion strategy.
"We are delighted to welcome the employees and customers of these seven branches to Community Bank," said Dimitar A. Karaivanov, President and Chief Executive Officer of Community Financial System, in a press release statement.
The newly acquired branches will maintain their current staff, with Community Bank stating it aims to ensure a smooth transition for customers.
This expansion complements Community Financial System's existing commercial and consumer lending operations in the Greater Lehigh Valley market, combining the acquired branches with recently opened and pending new locations.
Community Financial System operates through its banking subsidiary, Community Bank, N.A., which has over $16 billion in assets and approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts.
The company provides banking services, employee benefit services, insurance services, and wealth management services through its various subsidiaries.
In other recent news, Community Bank System Inc. reported its third-quarter 2025 earnings, aligning with analysts' expectations. The company achieved an earnings per share (EPS) of $1.04, precisely matching the forecast. Revenue slightly exceeded predictions, coming in at $207.05 million compared to the anticipated $206.75 million. These financial results indicate a steady performance for the quarter. There have been no recent analyst upgrades or downgrades reported. The company's consistent earnings and revenue figures reflect its ongoing operational stability. Investors will likely keep an eye on how these results influence future assessments by financial analysts.
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