CBUNYSENational Commercial BanksFiscal year ends December 31
COMMUNITY FINANCIAL SYSTEM, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$59.85−0.39 (-0.65%)
Close on Oct 19, 2026
- Market cap
- $3.16B
- P/E (TTM)
- 13.9
- Dividend yield
- 3.11%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
77.9%
41M of 53M shares
Institutional holders
279
44 new, 25 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
3 buys · 6 sales
Net sold $1.74M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 7,595,180 | – | 13G (passive) amendment | Dec 31, 2023 |
| Abigail P. Johnson | 3,678,108 | 7.00% | 13G (passive) amendment | Jun 30, 2026 |
| Vanguard Portfolio Management | 3,551,884 | 6.76% | 13G (passive) | Mar 31, 2026 |
| State Street Corporation | 3,219,185 | 6.10% | 13G (passive) | Mar 31, 2025 |
| / Neuberger Berman Group LLC | 3,157,798 | 5.92% | 13G (passive) | Dec 31, 2023 |
| FMR LLC | 3,026,372 | 5.80% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 2,773,406 | 5.27% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CBU | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 7,556,770 | 14.36% | $507.21M | +42,948 | 0.01% |
| FMR LLC | 3,678,108 | 6.99% | $246.87M | +651,736 | 0.01% |
| Vanguard Portfolio Management LLC | 3,549,062 | 6.75% | $238.21M | +23,302 | 0.01% |
| Neuberger Berman Group LLC | 3,456,640 | 6.57% | $232.01M | −258,785 | 0.15% |
| State Street Corp | 3,313,651 | 6.30% | $223.93M | +163,311 | 0.01% |
| Vanguard Capital Management LLC | 2,364,665 | 4.49% | $158.72M | −9,474 | 0.00% |
| Dimensional Fund Advisors LP | 1,843,474 | 3.50% | $123.73M | +25,079 | 0.02% |
| Morgan Stanley | 1,682,284 | 3.20% | $112.92M | −178,802 | 0.01% |
| Geode Capital Management, LLC | 1,359,907 | 2.58% | $91.29M | +62,166 | 0.00% |
| Federated Hermes, Inc. | 738,531 | 1.40% | $49.57M | −16,270 | 0.07% |
| Northern Trust Corp | 657,590 | 1.25% | $44.14M | +37,078 | 0.01% |
| Charles Schwab Investment Management Inc | 635,278 | 1.21% | $42.64M | −3,733 | 0.01% |
| Norges Bank | 567,244 | 1.08% | $38.07M | New | 0.00% |
| Bank of New York Mellon Corp | 544,140 | 1.03% | $36.52M | +13,238 | 0.01% |
| Massachusetts Financial Services Co /Ma/ | 450,410 | 0.86% | $30.23M | New | 0.01% |
| Riggs Asset Managment Co. Inc. | 411,432 | 0.78% | $27.62M | −5,724 | 4.93% |
| Segall Bryant & Hamill, LLC | 392,351 | 0.75% | $26.33M | +39,201 | 0.31% |
| Deprince Race & Zollo Inc | 368,124 | 0.70% | $24.71M | −162,750 | 0.41% |
| Vanguard Fiduciary Trust Co | 356,833 | 0.68% | $23.95M | +11,196 | 0.01% |
| Basswood Capital Management, L.L.C. | 321,017 | 0.61% | $21.55M | New | 0.86% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 279 | 41M | 77.9% | 44 / 105 | 77 / 25 | 4M | 2M |
| Q1 2026 | 265 | 40M | 76.0% | 39 / 102 | 72 / 31 | 9M | 2M |
| Q4 2025 | 264 | 40M | 76.1% | 31 / 99 | 85 / 20 | 3M | 2M |
| Q3 2025 | 255 | 39M | 74.7% | 23 / 90 | 92 / 23 | 3M | 3M |
| Q2 2025 | 258 | 39M | 74.5% | 18 / 103 | 80 / 27 | 1M | 1M |
| Q1 2025 | 267 | 39M | 73.7% | 39 / 83 | 91 / 24 | 2M | 2M |
| Q4 2024 | 254 | 39M | 73.2% | 33 / 93 | 76 / 32 | 2M | 2M |
| Q3 2024 | 255 | 38M | 71.4% | 35 / 82 | 88 / 23 | 9M | 2M |
| Q2 2024 | 245 | 38M | 71.8% | 36 / 82 | 77 / 25 | 1M | 6M |
| Q1 2024 | 235 | 43M | 81.3% | 19 / 80 | 91 / 28 | 4M | 3M |
| Q4 2023 | 245 | 42M | 78.9% | 36 / 85 | 82 / 24 | 4M | 2M |
| Q3 2023 | 235 | 40M | 75.8% | 43 / 77 | 78 / 29 | 4M | 5M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CBU | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 3,162,717 | 6.01% | $212.28M | 0.19% | Jun 30, 2026 |
| Neuberger Genesis Fund | 2,028,575 | 3.86% | $129.10M | 1.76% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 1,673,706 | 3.18% | $112.34M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,360,967 | 2.59% | $91.35M | 0.11% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,206,557 | 2.29% | $80.98M | 0.04% | Jun 30, 2026 |
| Fidelity Stock Selector Small Cap Fund | 815,855 | 1.55% | $52.88M | 0.72% | Jul 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 763,505 | 1.45% | $51.25M | 0.08% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 601,982 | 1.14% | $40.41M | 0.04% | Jun 30, 2026 |
| Calvert Small Cap Fund | 597,494 | 1.14% | $40.10M | 3.14% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 586,344 | 1.11% | $38.00M | 0.11% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Dividend ETF | 506,742 | 0.96% | $34.01M | 0.16% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 480,003 | 0.91% | $32.22M | 0.19% | Jun 30, 2026 |
| Fidelity Series Small Cap Opportunities Fund | 451,308 | 0.86% | $29.25M | 0.62% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 355,484 | 0.68% | $23.86M | 0.50% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 355,404 | 0.68% | $23.85M | 0.16% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Dimitar Karaivanov | President & CEO, Director | 26,961 | 0.05% | Mar 19, 2026 |
| Deresa Fischer Durkee | SVP, Chief Accounting Officer | 6,536 | 0.01% | Jun 11, 2026 |
| Marya Burgio Wlos | EVP & Chief Financial Officer | 2,482 | 0.00% | May 5, 2026 |
| Michael N. Abdo | EVP and General Counsel | 10,823 | 0.02% | Mar 19, 2026 |
| Matthew K. Durkee | SVP, Chief Banking Officer | 12,747 | 0.02% | Mar 19, 2026 |
| Maureen A. Gillan-Myer | EVP, Chief Admin & HR Officer | 6,898 | 0.01% | Mar 19, 2026 |
| Jeffrey M. Levy | SVP & Chief Banking Officer | 12,716 | 0.02% | Aug 28, 2025 |
| Joseph E. Sutaris | EVP & Chief Financial Officer | 26,907 | 0.05% | Mar 19, 2025 |
| John A. Vaccaro | Director | 492 | 0.00% | Sep 18, 2026 |
| Michele Sullivan | Director | 100 | 0.00% | Sep 18, 2026 |
| Savneet Singh | Director | 418 | 0.00% | Sep 10, 2026 |
| Brenda M. Hall | Director | 515 | 0.00% | Aug 26, 2026 |
| Mark J. Bolus | Director | 125,946 | 0.24% | Jun 29, 2026 |
| Eric Stickels | Director | 47,105 | 0.09% | Jun 10, 2026 |
| Raymond C. Pecor III | Director | 22,726 | 0.04% | May 1, 2026 |
| Jeffery J. Knauss | Director | 4,829 | 0.01% | May 1, 2026 |
| John Parente | Director | 102,654 | 0.20% | May 1, 2026 |
| Sally A. Steele | Director | 45,812 | 0.09% | May 1, 2026 |
| Neil E. Fesette | Director | 11,270 | 0.02% | Mar 19, 2026 |
| John F. Whipple | Director | 8,506 | 0.02% | Mar 18, 2026 |
| Kerrie D. MacPherson | Director | 2,982 | 0.01% | Mar 18, 2026 |
| Susan E. Skerritt | Director | 380 | 0.00% | Mar 20, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Savneet Singh Director | Sep 9, 2026 | Buy | +400 | $62.47 | $24.99K | 418 |
| John A. Vaccaro Director | Aug 27, 2026 | Buy | +317 | $63.11 | $20.01K | 492 |
| Brenda M. Hall Director | Aug 24, 2026 | Buy | +476 | $63.59 | $30.27K | 515 |
| Mark J. Bolus Director | Jun 25, 2026 | Sale | −12,190.83 | $67.00 | $816.79K | 94,060 |
| Deresa Fischer Durkee SVP, Chief Accounting Officer | Jun 10, 2026 | Option exercise | +427 | $51.64 | $22.05K | 5,608 |
| Deresa Fischer Durkee SVP, Chief Accounting Officer | Jun 10, 2026 | Tax withholding | −1,326 | $64.77 | $85.89K | 5,478 |
| Deresa Fischer Durkee SVP, Chief Accounting Officer | Jun 10, 2026 | Option exercise | +1,196 | $44.27 | $52.95K | 6,804 |
| Eric Stickels Director | Jun 8, 2026 | Sale | −2,000 | $63.98 | $127.96K | 31,592 |
| Marya Burgio Wlos EVP & Chief Financial Officer | May 4, 2026 | Tax withholding | −273 | $63.62 | $17.37K | 1,993 |
| Sally A. Steele Director | Apr 29, 2026 | Option exercise | +9 | – | – | 41,227 |
| Raymond C. Pecor III Director | Apr 29, 2026 | Option exercise | +9 | – | – | 11,448 |
| Jeffery J. Knauss Director | Apr 29, 2026 | Option exercise | +9 | – | – | 4,829 |
| John Parente Director | Apr 29, 2026 | Option exercise | +9 | – | – | 72,654 |
| John Parente Director | Mar 19, 2026 | Option exercise | +1,254 | – | – | 72,645 |
| Sally A. Steele Director | Mar 19, 2026 | Option exercise | +1,254 | – | – | 41,218 |
| Jeffery J. Knauss Director | Mar 19, 2026 | Option exercise | +1,254 | – | – | 4,820 |
| Raymond C. Pecor III Director | Mar 19, 2026 | Option exercise | +1,254 | – | – | 11,439 |
| Eric Stickels Director | Mar 16, 2026 | Option exercise | +250 | – | – | 33,592 |
| Dimitar Karaivanov President & CEO, Director | Mar 4, 2026 | Tax withholding | −2,825.21 | $59.87 | $169.15K | 23,657 |
| Dimitar Karaivanov President & CEO, Director | Mar 4, 2026 | Award | +5,224.21 | – | – | 26,482 |
| Michael N. Abdo EVP and General Counsel | Mar 4, 2026 | Tax withholding | −707.24 | $59.87 | $42.34K | 8,010 |
| Michael N. Abdo EVP and General Counsel | Mar 4, 2026 | Award | +1,948.24 | – | – | 8,717 |
| Maureen A. Gillan-Myer EVP, Chief Admin & HR Officer | Mar 4, 2026 | Award | +2,562.06 | – | – | 7,590 |
| Maureen A. Gillan-Myer EVP, Chief Admin & HR Officer | Mar 4, 2026 | Tax withholding | −943.06 | $59.87 | $56.46K | 6,647 |
| Michael N. Abdo EVP and General Counsel | Mar 2, 2026 | Tax withholding | −485 | $60.55 | $29.37K | 6,769 |
| Deresa Fischer Durkee SVP, Chief Accounting Officer | Mar 2, 2026 | Tax withholding | −357 | $60.55 | $21.62K | 5,181 |
| Dimitar Karaivanov President & CEO, Director | Mar 2, 2026 | Tax withholding | −2,501 | $60.55 | $151.44K | 21,258 |
| Maureen A. Gillan-Myer EVP, Chief Admin & HR Officer | Mar 2, 2026 | Tax withholding | −522 | $60.55 | $31.61K | 5,028 |
| Matthew K. Durkee SVP, Chief Banking Officer | Mar 2, 2026 | Tax withholding | −399 | $60.55 | $24.16K | 2,858 |
| John F. Whipple Director | Feb 4, 2026 | Sale | −4,246 | $65.17 | $276.71K | 8,506 |
| John F. Whipple Director | Feb 4, 2026 | Option exercise | +4,246 | $38.02 | $161.43K | 12,752 |
| Sally A. Steele Director | Feb 3, 2026 | Sale | −4,000 | $64.12 | $256.48K | 39,964 |
| Sally A. Steele Director | Feb 3, 2026 | Option exercise | +4,000 | $23.04 | $92.16K | 43,964 |
| Eric Stickels Director | Feb 3, 2026 | Sale | −2,000 | $64.75 | $129.50K | 33,342 |
| Michael N. Abdo EVP and General Counsel | Jan 30, 2026 | Option exercise | +2,287 | $38.02 | $86.95K | 9,017 |
| Michael N. Abdo EVP and General Counsel | Jan 30, 2026 | Tax withholding | −1,763 | $62.44 | $110.08K | 7,254 |
| Maureen A. Gillan-Myer EVP, Chief Admin & HR Officer | Dec 29, 2025 | Sale | −3,450.36 | $58.85 | $203.05K | 0 |
| John Parente Director | Dec 16, 2025 | Tax withholding | −2,683 | $60.18 | $161.46K | 71,391 |
| John Parente Director | Dec 16, 2025 | Option exercise | +4,246 | $38.02 | $161.43K | 74,074 |
| John F. Whipple Director | Dec 1, 2025 | Option exercise | +1,370 | – | – | 8,506 |
| Raymond C. Pecor III Director | Oct 16, 2025 | Gift | +265 | – | – | 10,107 |
| Raymond C. Pecor III Director | Oct 16, 2025 | Gift | +530 | – | – | 11,192 |
| Jeffrey M. Levy SVP & Chief Banking Officer | Aug 27, 2025 | Sale | −1,440 | $61.38 | $88.39K | 6,657 |
| Marya Burgio Wlos EVP & Chief Financial Officer | May 2, 2025 | Award | +2,266 | – | – | 2,266 |
| Sally A. Steele Director | Apr 15, 2025 | Option exercise | +1,181 | – | – | 39,964 |
| Jeffery J. Knauss Director | Apr 14, 2025 | Option exercise | +12 | – | – | 3,566 |
| Mark J. Bolus Director | Apr 14, 2025 | Option exercise | +12 | – | – | 103,828 |
| Eric Stickels Director | Apr 14, 2025 | Option exercise | +3 | – | – | 35,342 |
| John Parente Director | Apr 14, 2025 | Option exercise | +12 | – | – | 69,828 |
| John Parente Director | Mar 19, 2025 | Option exercise | +1,430 | – | – | 69,816 |
| Mark J. Bolus Director | Mar 19, 2025 | Option exercise | +1,430 | – | – | 103,816 |
| Jeffery J. Knauss Director | Mar 19, 2025 | Option exercise | +1,430 | – | – | 3,554 |
| Maureen A. Gillan-Myer EVP, Chief Admin & HR Officer | Mar 18, 2025 | Award | +4,553 | – | – | 8,870 |
| Jeffrey M. Levy SVP & Chief Banking Officer | Mar 18, 2025 | Award | +5,217 | – | – | 11,901 |
| Michael N. Abdo EVP and General Counsel | Mar 18, 2025 | Award | +1,326 | – | – | 6,730 |
| Joseph E. Sutaris EVP & Chief Financial Officer | Mar 18, 2025 | Award | +1,529 | – | – | 15,880 |
| Deresa Fischer Durkee SVP, Chief Accounting Officer | Mar 18, 2025 | Award | +883 | – | – | 5,538 |
| Maureen A. Gillan-Myer EVP, Chief Admin & HR Officer | Mar 18, 2025 | Award | +1,233 | – | – | 5,550 |
| Jeffrey M. Levy SVP & Chief Banking Officer | Mar 18, 2025 | Award | +1,413 | – | – | 8,097 |
| Joseph E. Sutaris EVP & Chief Financial Officer | Mar 18, 2025 | Award | +5,647 | – | – | 19,998 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Steele Sally BOARD OF DIRECTOR | Jul 20, 2026 | 16,001 | $1.09M | Jul 31, 2026 | Stock Option Exercise |
| Mark J. Bolus Director | Jun 26, 2026 | 12,190 | $816.02K | Jun 25, 2026 | Inherited |
| Stickels Eric DIRECTOR | Jun 8, 2026 | 2,000 | $127.18K | Jun 8, 2026 | NA |
| Stickels Eric DIRECTOR | Jun 8, 2026 | 2,000 | $12.72M | Jun 8, 2026 | NA |
| Whipple John DIRECTOR | Feb 4, 2026 | 4,246 | $278.54K | Feb 4, 2026 | Stock Option Exercise |
| Steele Sally BOARD OF DIRECTOR | Feb 3, 2026 | 4,000 | $256.00K | Feb 3, 2026 | Stock Option Exercise |
| Stickels Eric BOARD OF DIRECTOR | Feb 3, 2026 | 2,000 | $127.52K | Feb 3, 2026 | Stock Vesting |
| Jeffrey M. Levy Affiliate | Jan 30, 2026 | 1,435 | $89.29K | Jan 30, 2026 | Restricted Stock Units that Vested |
| Jeffrey M. Levy Officer | Aug 26, 2025 | 1,440 | $87.89K | Aug 26, 2025 | RSU Vesting |
| Susan E. Skerritt Recently Retired from Board | Jun 25, 2025 | 2,619 | $148.26K | Jun 25, 2025 | Stock Award |
| Jeffrey M. Levy Officer | Jan 22, 2025 | 1,136 | $73.84K | Jan 24, 2025 | Restricted Stock Units |
| Whipple John Director | Nov 25, 2024 | 3,937 | $286.46K | Nov 25, 2024 | Stock Option Exercise |
| Bolus Mark BOARD OF DIRECTOR | Nov 6, 2024 | 4,092 | $286.69K | Nov 6, 2024 | STOCK OPTION EXERCISE |
| Bolus Mark BOARD OF DIRECTOR | Feb 21, 2024 | 3,631 | $163.40K | Feb 21, 2024 | STOCK OPTION EXERCISE |