Demonstrações financeiras detalhadas de Community Bank System, Inc. (CBU): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Community Bank System, Inc. registou receitas de $1.01B no último exercício, com um CAGR de 5 anos de 10.4%. O lucro líquido atingiu $210.5M, com CAGR de 5 anos de 5.0%.
Margens dos últimos 12 meses: margem bruta 80.1%, margem operacional 28.7%, margem líquida 21.8%. O fluxo de caixa livre cresceu a CAGR de 7.2% em 5 anos.
Ao preço atual de $62.77, CBU negocia a um P/L de 14.58 e um ROE de 11.34%. A capitalização de mercado é de $3.3B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $440.8M | $531.9M | $587.1M | $616.3M | $617.3M | $633.7M | $702.5M | $756.0M | $940.7M | $1.01B |
| Custo da Receita | $19.4M | $24.8M | $28.5M | $35.0M | $35.1M | $4.2M | $37.9M | $115.3M | $217.2M | $214.1M |
| Lucro Bruto | $421.4M | $507.1M | $558.6M | $581.4M | $582.2M | $629.5M | $664.6M | $640.7M | $723.5M | $796.9M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $198.4M | $234.5M | $255.8M | $272.7M | $237.8M | $250.8M | $270.4M | $297.5M | $316.8M | $329.1M |
| Despesas Operacionais | $266.8M | $347.1M | $345.6M | $372.0M | $376.1M | $388.1M | $424.3M | $472.4M | $486.8M | $521.5M |
| Lucro Operacional | $154.6M | $160.0M | $213.0M | $209.3M | $206.1M | $241.3M | $240.3M | $168.2M | $236.7M | $275.4M |
| EBITDA | $175.0M | $193.4M | $247.3M | $241.6M | $236.7M | $271.5M | $270.7M | $196.6M | $265.4M | $305.6M |
| Despesas com Juros | $11.3M | $13.8M | $17.7M | $26.6M | $20.9M | $13.0M | $23.1M | $104.1M | $194.4M | $192.7M |
| Lucro Antes de Impostos | $154.6M | $160.0M | $213.0M | $209.3M | $206.1M | $241.3M | $240.3M | $168.2M | $236.7M | $275.4M |
| Imposto | $50.8M | $9.2M | $44.3M | $40.3M | $41.4M | $51.7M | $52.2M | $36.3M | $54.2M | $64.9M |
| Lucro Líquido | $103.8M | $150.7M | $168.6M | $169.1M | $164.7M | $189.7M | $188.1M | $131.9M | $182.5M | $210.5M |
| LPA | $2.34 | $3.07 | $3.30 | $3.26 | $3.10 | $3.51 | $3.48 | $2.45 | $3.44 | $3.98 |
| LPA Diluído | $2.32 | $3.03 | $3.26 | $3.23 | $3.08 | $3.48 | $3.46 | $2.45 | $3.44 | $3.97 |
| Ações em Circulação (Diluídas) | $44.7M | $49.7M | $51.7M | $52.2M | $53.3M | $54.4M | $54.2M | $53.7M | $52.9M | $52.8M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $256.2M | $263.8M | $258.6M | $268.4M |
| Lucro Bruto | $201.5M | $210.8M | $207.7M | $218.5M |
| Lucro Operacional | $73.2M | $71.9M | $74.6M | $80.8M |
| EBITDA | $80.5M | $80.3M | $84.3M | $91.5M |
| Lucro Líquido | $55.1M | $54.4M | $57.2M | $61.3M |
| LPA | $1.04 | $1.03 | $1.08 | $1.16 |
| LPA Diluído | $1.04 | $1.03 | $1.08 | $1.16 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $173.9M | $221.0M | $211.8M | $205.0M | $1.65B | $1.88B | $209.9M | $191.0M | $191.9M | $301.8M |
| Investimentos de Curto Prazo | $2.75B | $3.03B | $2.94B | $3.04B | $3.55B | $4.93B | $4.15B | $2.92B | $317.1M | 0 |
| Contas a Receber | $31.1M | $36.2M | $31.0M | $31.6M | $39.0M | $35.9M | $52.6M | $54.5M | $54.3M | $57.7M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $2.95B | $3.29B | $3.18B | $3.28B | $5.23B | $6.85B | $4.41B | $3.17B | $563.3M | $359.5M |
| Imobilizado | $112.3M | $123.4M | $120.0M | $164.6M | $165.7M | $160.7M | $160.8M | $173.4M | $183.8M | $246.5M |
| Ágio | $465.1M | $734.4M | $733.5M | $773.8M | $793.7M | $799.1M | $841.8M | $845.4M | $853.2M | $888.0M |
| Ativos Intangíveis | $15.7M | $90.7M | $73.8M | $63.1M | $52.9M | $65.2M | $61.0M | $52.6M | $48.2M | $54.7M |
| Ativos Totais | $8.67B | $10.75B | $10.61B | $11.41B | $13.93B | $15.55B | $15.84B | $15.56B | $16.39B | $17.41B |
| Contas a Pagar | $144.0M | $180.6M | $157.5M | $215.2M | $230.7M | $210.8M | $133.9M | 0 | 0 | 0 |
| Dívida de Curto Prazo | $146.2M | $361.0M | $313.8M | $250.0M | $284.0M | $324.7M | $1.12B | $357.6M | $379.6M | $242.0M |
| Passivos Circulantes | $7.37B | $8.99B | $8.79B | $9.46B | $11.74B | $13.45B | $14.26B | $13.29B | $13.82B | $242.0M |
| Dívida de Longo Prazo | $102.2M | $124.9M | $99.9M | $94.9M | $87.3M | $5.2M | $22.7M | $407.6M | $619.3M | $458.8M |
| Passivos Totais | $7.47B | $9.11B | $8.89B | $9.56B | $11.83B | $13.45B | $14.28B | $13.86B | $14.62B | $15.41B |
| Reservas | $614.7M | $700.6M | $795.6M | $882.9M | $960.2M | $1.06B | $1.15B | $1.19B | $1.28B | $1.39B |
| Patrimônio Líquido | $1.20B | $1.64B | $1.71B | $1.86B | $2.10B | $2.10B | $1.55B | $1.70B | $1.76B | $2.01B |
| Dívida Total | $248.4M | $485.9M | $413.7M | $344.9M | $371.3M | $329.9M | $1.14B | $765.2M | $998.9M | $746.7M |
| Dívida Líquida | -$2.67B | -$2.77B | -$2.73B | -$2.90B | -$4.82B | -$6.48B | -$3.22B | -$2.35B | $489.9M | $444.9M |
| Capital de Giro | -$4.41B | -$5.70B | -$5.61B | -$6.18B | -$6.51B | -$6.60B | -$9.85B | -$10.12B | -$13.26B | $117.5M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $230.5M | $301.8M | $572.2M | $258.2M |
| Ativos Totais | $16.96B | $17.41B | $17.74B | $17.76B |
| Passivos Totais | $15.02B | $15.41B | $15.72B | $15.69B |
| Patrimônio Líquido | $1.94B | $2.01B | $2.02B | $2.07B |
| Dívida Total | $763.3M | $746.7M | $647.3M | $764.0M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $103.8M | $150.7M | $168.6M | $169.1M | $164.7M | $189.7M | $188.1M | $131.9M | $182.5M | $210.5M |
| Depreciação e Amortização | $20.4M | $33.5M | $34.4M | $32.2M | $30.6M | $30.2M | $30.4M | $28.4M | $28.7M | $29.4M |
| Compensação em Ações | $4.8M | $5.1M | $6.1M | $5.3M | $6.4M | $6.3M | $7.7M | $9.3M | $8.4M | $10.9M |
| Variação Capital de Giro | -$7.6M | $26.1M | $10.3M | $2.5M | -$16.9M | $2.1M | -$6.2M | $1.1M | -$5.9M | $7.6M |
| Fluxo de Caixa Operacional | $135.8M | $189.7M | $221.4M | $202.5M | $179.5M | $202.5M | $214.6M | $228.4M | $242.3M | $301.9M |
| CapEx | -$12.4M | -$10.8M | -$12.6M | -$5.7M | -$14.8M | -$13.4M | -$12.9M | -$18.6M | -$20.7M | -$68.5M |
| Aquisições | -$575000 | -$108.1M | -$2.9M | -$6.3M | $32.9M | -$30.0M | -$915000 | -$8.5M | -$15.6M | $471.7M |
| Recompra de Ações | -$3.5M | -$3.3M | -$298000 | -$286000 | -$271000 | -$5.1M | -$16.6M | -$30.2M | -$46.0M | -$11.2M |
| Dividendos Pagos | -$55.0M | -$62.3M | -$71.5M | -$80.2M | -$87.1M | -$91.1M | -$93.4M | -$95.1M | -$95.8M | -$97.6M |
| Fluxo de Caixa Livre | $123.3M | $178.9M | $208.8M | $196.8M | $164.7M | $189.2M | $201.7M | $209.8M | $221.6M | $233.3M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $101.1M | $84.6M | $71.6M | $51.1M |
| CapEx | -$17.7M | -$38.4M | -$11.3M | -$9.7M |
| Fluxo de Caixa Livre | $83.4M | $46.2M | $60.3M | $41.4M |
| Dividendos Pagos | -$24.3M | -$24.7M | -$24.8M | -$24.7M |
| Compensação em Ações | $2.3M | $3.0M | $3.0M | $2.8M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +20.7% | +10.4% | +5.0% | +0.2% | +2.7% | +10.9% | +7.6% | +24.4% | +7.5% |
| Crescimento Lucro Líquido (anual) | | +45.2% | +11.9% | +0.3% | -2.6% | +15.2% | -0.9% | -29.9% | +38.3% | +15.3% |
| Crescimento LPA (anual) | | +31.2% | +7.5% | -1.2% | -4.9% | +13.2% | -0.9% | -29.6% | +40.4% | +15.7% |
| Variação de Ações (anual) | | +11.2% | +4.0% | +1.0% | +2.1% | +2.0% | -0.4% | -0.9% | -1.6% | -0.1% |
| Crescimento FCF (anual) | | +45.0% | +16.7% | -5.7% | -16.3% | +14.9% | +6.6% | +4.0% | +5.6% | +5.3% |
| Margem Bruta | 95.6% | 95.3% | 95.1% | 94.3% | 94.3% | 99.3% | 94.6% | 84.7% | 76.9% | 78.8% |
| Margem Operacional | 35.1% | 30.1% | 36.3% | 34.0% | 33.4% | 38.1% | 34.2% | 22.3% | 25.2% | 27.2% |
| Margem EBITDA | 39.7% | 36.4% | 42.1% | 39.2% | 38.3% | 42.8% | 38.5% | 26.0% | 28.2% | 30.2% |
| Margem Líquida | 23.6% | 28.3% | 28.7% | 27.4% | 26.7% | 29.9% | 26.8% | 17.5% | 19.4% | 20.8% |
| Margem FCF | 28.0% | 33.6% | 35.6% | 31.9% | 26.7% | 29.9% | 28.7% | 27.8% | 23.6% | 23.1% |
| Taxa Efetiva de Imposto | 32.8% | 5.8% | 20.8% | 19.2% | 20.1% | 21.4% | 21.7% | 21.6% | 22.9% | 23.6% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $2.76 | $3.60 | $4.03 | $3.77 | $3.09 | $3.48 | $3.72 | $3.91 | $4.19 | $4.42 |
| Dividendo por Ação | $1.23 | $1.25 | $1.38 | $1.54 | $1.63 | $1.67 | $1.72 | $1.77 | $1.81 | $1.85 |
| Ações em Circulação (Básicas) | $44.4M | $49.1M | $51.2M | $51.7M | $53.0M | $54.0M | $53.9M | $53.6M | $52.8M | $52.7M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 11.34% |
| Retorno sobre capital investido | 1.29% |
| Retorno sobre ativos | 1.28% |
| Margem bruta | 80.09% |
| Margem operacional | 28.71% |
| Margem líquida | 21.79% |
Saúde financeira
| Dívida / Patrimônio | 0.37 |
| Liquidez corrente | 14.48 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 26.41 | 17.51 | 17.67 | 21.76 | 20.10 | 21.22 | 18.09 | 21.27 | 17.93 | 14.43 |
| P/VP | 2.29 | 1.61 | 1.74 | 1.98 | 1.57 | 1.91 | 2.19 | 1.65 | 1.85 | 1.51 |
| P/V | 6.22 | 4.96 | 5.08 | 5.95 | 5.35 | 6.34 | 4.83 | 3.69 | 3.46 | 2.99 |
| Margem Bruta | 95.6% | 95.3% | 95.1% | 94.3% | 94.3% | 99.3% | 94.6% | 84.7% | 76.9% | 78.8% |
| Margem Operacional | 35.1% | 30.1% | 36.3% | 34.0% | 33.4% | 38.1% | 34.2% | 22.3% | 25.2% | 27.2% |
| Margem Líquida | 23.6% | 28.3% | 28.7% | 27.4% | 26.7% | 29.9% | 26.8% | 17.5% | 19.4% | 20.8% |