CBU Q1 profit up 15% on margin expansion, lower credit costs; asset quality improves

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~2 min read

Key Changes

• high

  Net income rose 15% YoY to $57.2M ($1.08/share) driven by 22bp margin expansion to 3.43% and $1.1M lower provision for credit losses, though growth decelerated from prior year's 21% pace.

  MD&A: Financial Performance verify on EDGAR →
• high

  Asset quality improved sharply: nonperforming loans fell 24bp to 0.48% of loans and delinquencies dropped 17bp to 1.12%, reversing prior-year deterioration from business loan downgrades.

  MD&A: Credit Quality verify on EDGAR →
• medium

  Provision for credit losses declined to $5.6M from $6.7M as company integrated business loan loss history into quantitative model, reducing qualitative overlays by $4.8M in annual model update.

  MD&A: Allowance for Credit Losses verify on EDGAR →