Community Bank System Inc. Q1 Earnings Rise 9%

(RTTNews) - Community Bank System Inc. (CBU) released a profit for its first quarter that climbed from last year.

The company said its bottom line climbed to $24.40 million, or $0.55 per share. This was higher than $22.30 million, or $0.54 per share, in last year's first quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Community Bank System Inc. earnings at a glance:

-Earnings (Q1): $24.40 Mln. vs. $22.30 Mln. last year. -Earnings Growth (Y-o-Y): 9.4% -EPS (Q1): $0.55 vs. $0.54 last year. -EPS Growth (Y-o-Y): 1.9% -Analysts Estimate: $0.55