While the headline EPS and revenue missed consensus very slightly, underlying trends (NIM expansion, loan growth, fee income diversification) remain positive. Watch for the ClearPoint Federal Bank & Trust acquisition closing in Q2 2026 and any forward guidance on margins in the earnings call. The stock may trade range-bound near-term on the mixed headline.
Price Chart
Executive Summary
CBU reported Q1 2026 GAAP diluted EPS of $1.08, slightly below the $1.09 consensus, and revenue of $213.3M vs $216.0M estimate. Net income rose 15.3% YoY to $57.2M, driven by 12.1% net interest income growth and margin expansion to 3.43%. The slight miss versus consensus is offset by strong underlying fundamentals including record quarterly operating EPS of $1.15.
Key Financial Metrics
Key Facts
- GAAP diluted EPS $1.08 vs consensus $1.09 (-0.9% miss)
- Revenue $213.3M vs consensus $216.0M (-1.3% miss)
- Net income $57.2M, up 15.3% YoY
- Net interest margin expanded 22bp to 3.43%
- Loan growth 6.8% YoY to $11.13B
- Operating diluted EPS (non-GAAP) $1.15, up 17.3% YoY (fourth consecutive quarter of record results)
- Quarterly dividend maintained at $0.47 per share
- Repurchased 250,000 shares in Q1 2026
Financial Impact
EPS miss of ~1% and revenue miss of ~1.3% vs consensus, but YoY growth remains strong with net interest income up 12.1%
Risk Factors
- CRE concentration at 194% of bank-level regulatory capital
- Integration risk from Santander branch acquisition and pending ClearPoint acquisition
- Rising noninterest expenses (+6.2% YoY) outpacing revenue growth (+8.7%) on a GAAP basis
- Interest rate sensitivity and potential margin compression if the Fed cuts rates
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-050927 |
| Document: tm2613014d1_8k.htm | 0001104659-26-050927 |
| Document: 0001104659-26-050927-index-headers.html | 0001104659-26-050927 |
| Document: 0001104659-26-050927-index.html | 0001104659-26-050927 |
| Document: 0001104659-26-050927.txt | 0001104659-26-050927 |
| 8-K Data (Synthetic) | 0001104659-26-050927 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $62.42 | awaiting T+20 | — | $62.42 (−0.00%) |
Oct 22, 2026 4d ago | 144 | $62.37 | awaiting T+20 | — | $62.42 (+0.08%) |
Jun 1, 2026 21w ago | 8-K | $62.70 $67.12 | ▲ +7.05% | ▲ +8.35% | $62.42 (−0.45%) |
May 13, 2026 23w ago | 8-K | $61.26 $64.89 | ▲ +5.92% | ▲ +6.53% | $62.42 (+1.89%) |
Apr 29, 2026 25w ago | 8-K | $62.23 $64.04 | ▲ +2.91% | ▼ −2.55% | $62.42 (+0.31%) |
Mar 27, 2026 30w ago | DEFA14A | $56.80 $63.17 | ▲ +11.21% | ▼ −1.53% | $62.42 (+9.89%) |
US Market Status
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