Community Bank System Inc. Q1 Earnings Advance

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

The company's profit totaled $40.11 million, or $0.78 per share. This compares with $26.26 million, or $0.57 per share, in last year's first quarter.

Analysts had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Community Bank System Inc. earnings at a glance:

-Earnings (Q1): $40.11 Mln. vs. $26.26 Mln. last year. -EPS (Q1): $0.78 vs. $0.57 last year. -Analysts Estimate: $0.73