Community Bank (CBU) To Report Earnings Tomorrow: Here Is What To Expect
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Community Bank (CBU) is set to report earnings tomorrow, with expectations of a 10.1% year-on-year revenue growth, matching last year's performance. Despite beating revenue expectations last quarter, the bank missed EPS and tangible book value estimates. Analysts have maintained their estimates, indicating stability ahead of earnings. Peers like OFG Bancorp and First Financial Bancorp have shown positive results, contributing to a favorable sentiment in the regional banking sector, with Community Bank's shares up 9.7% recently. The average analyst price target for CBU is $67.17, above its current price of $63.23.
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