COMMUNITY FINANCIAL SYSTEM, INC.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
CBU$64.88-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income
(In Thousands)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Years Ended December 31, | |||||||||
| · · 2025 · · 2024 · · 2023 | |||||||||
| Pension and other post-retirement obligations: | | | | | | | | | |
| Amortization of actuarial losses (gains) included in net periodic pension cost and (increase) decrease in unrecognized actuarial (gain) loss, gross | | $15,059 | | $12,168 | | $4,774 | |||
| Tax effect | | (3,763) | | (3,038) | | (1,162) | |||
| Amortization of actuarial losses (gains) included in net periodic pension cost and (increase) decrease in unrecognized actuarial (gain) loss, net | | 11,296 | | 9,130 | | 3,612 | |||
| | | | | | | | | | |
| Amortization of prior service cost included in net periodic pension cost, gross | | 449 | | 641 | | 641 | |||
| Tax effect | | (112) | | (160) | | (156) | |||
| Amortization of prior service cost included in net periodic pension cost, net | | 337 | | 481 | | 485 | |||
| | | | | | | | | | |
| Recognition of prior service cost from plan amendment, gross | | | (751) | | | 0 | | | 0 |
| Tax effect | | | 187 | | | 0 | | | 0 |
| Recognition of prior service cost from plan amendment, net | | | (564) | | | 0 | | | 0 |
| | | | | | | | | | |
| Other comprehensive income related to pension and other post-retirement obligations, net of taxes | | 11,069 | | 9,611 | | 4,097 | |||
| | | | | | | | | | |
| Net unrealized gains (losses) on investment securities: | | | | | | | |||
| Net unrealized holding gains (losses) on investment securities, gross | | 157,349 | | (1,570) | | 113,464 | |||
| Tax effect | | (39,323) | | 401 | | (27,629) | |||
| Net unrealized holding gains (losses) on investment securities, net | | 118,026 | | (1,169) | | 85,835 | |||
| | | | | | | | | | |
| Reclassification adjustment for net losses included in net income, gross | | 0 | | 487 | | 52,329 | |||
| Tax effect | | 0 | | (122) | | (12,714) | |||
| Reclassification adjustment for net losses included in net income, net | | 0 | | 365 | | 39,615 | |||
| | | | | | | | | | |
| Other comprehensive gain (loss) related to unrealized gains on investment securities, net of taxes | | 118,026 | | (804) | | 125,450 | |||
| | | | | | | | | | |
| Other comprehensive income, net of taxes | | 129,095 | | 8,807 | | 129,547 | |||
| Net income | | 210,455 | | 182,481 | | 131,924 | |||
| Comprehensive income | | $339,550 | | $191,288 | | $261,471 | |||
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · As of December 31, | |||||||||
| · · 2025 · · 2024 · · 2023 | |||||||||
| Accumulated Other Comprehensive Loss by Component: | | | | | | | | | |
| Unrecognized prior service cost and net actuarial losses on pension and other post-retirement obligations | | $(8,552) | | $(23,309) | | $(36,118) | |||
| Tax effect | | 2,028 | | 5,716 | | 8,914 | |||
| Net unrecognized prior service cost and net actuarial losses on pension and other post-retirement obligations | | (6,524) | | (17,593) | | (27,204) | |||
| | | | | | | | | | |
| Unrealized loss on investment securities | | (542,724) | | (700,073) | | (698,990) | |||
| Tax effect | | 130,258 | | 169,581 | | 169,302 | |||
| Net unrealized loss on investment securities | | (412,466) | | (530,492) | | (529,688) | |||
| | | | | | | | | | |
| Accumulated other comprehensive loss | | $(418,990) | | $(548,085) | | $(556,892) | |||
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