Community Bank System, Inc. (NYSE:CBU) Q4 2019 Earnings Conference Call January 22, 2020 11:00 AM ET
Company Participants
Mark Tryniski - President and Chief Executive Officer
Joseph Sutaris - Executive Vice President and Chief Financial Officer
Conference Call Participants
Alexander Twerdahl - Sandler O'Neill & Partners LP
Erik Zwick - Boenning & Scattergood Inc.
Russell Gunther - D.A. Davidson & Co.
Collyn Gilbert - Keefe, Bruyette & Woods, Inc.
Operator
Welcome to Community Bank System Fourth Quarter 2019 Earnings Conference Call. Please note that this presentation contains forward-looking statements within the provisions of the Private Security Litigation Reform Act of 1995 that are based on current expectations, estimates and projections about the industry, markets and economic environment in which the Company operates. Such statements involve risks and uncertainties that could cause actual results to differ materially from the results discussed in these statements. These risks are detailed in the Company's annual report and Form 10-K filed with the Securities and Exchange Commission.
Today's call presenters are Mark Tryniski, President and Chief Executive Officer; and Joe Sutaris, Executive Vice President and Chief Financial Officer.
Gentlemen, you may begin.
Mark Tryniski
Thank you, Tina. Good morning, everyone, and thank you all for joining our fourth quarter conference call. I'll start with a comment on Q4 and then comment on 2019 as a whole. Fourth quarter earnings were about as we expected. They were up nicely over 2018, but down from Q3, which was the same dynamic in the earnings flow as last year and is seasonally typical.
One of the brighter spots in the quarter for me was organic consumer loan growth and non-municipal deposit growth. We had very good core business execution in Q4, which follows on the heels of strong organic loan growth across the Board in Q3 as well, so a good
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