CBU Q2 net income +19.5% to $61.3M; margin expands 19bp as ACL model cuts overlays

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

• high

  ACL model updated to incorporate business-loan loss history into quantitative reserves, reducing qualitative overlays by $7.5M and lowering total ACL by $4.0M versus prior-year build of $7.4M.

  MD&A: ACL model update verify on EDGAR →
• high

  Net charge-off ratio improved to 12bp from 20bp YoY; nonperforming loan ratio stable at 0.50%, down 1bp YoY, reflecting normalization after prior-year CRE charge-off.

  MD&A: Asset quality verify on EDGAR →
• high

  Completed $39M acquisition of ClearPoint Federal Bank & Trust on June 1, adding $118.2M in investment securities, $120.1M in deposits, and $10.4M in goodwill to wealth management segment.

  Notes: ClearPoint acquisition verify on EDGAR →