Community Bank System, Inc.'s (CBU) CEO Mark Tryniski on Q1 2022 Results - Earnings Call Transcript

Community Bank System, Inc. (NYSE:CBU) Q1 2022 Earnings Conference Call April 25, 2022 11:00 AM ET

Company Participants

Mark Tryniski - President and Chief Executive Officer
Joseph Sutaris - Executive Vice President and Chief Financial Officer
Dimitar Karaivanov - Executive Vice President of Financial Services and Corporate Development

Conference Call Participants

Alexander Twerdahl - Piper Sandler
Russell Gunther - D.A. Davidson
Matthew Breese - Stephens, Inc.
Christopher O'Connell - KBW

Operator

Good morning, and welcome to the Community Bank System First Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. Please note today’s event is being recorded. And also please note that this presentation contains forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995 that are based on current expectations, estimates and projections about the company, 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 Joseph Sutaris, Executive Vice President and Chief Financial Officer. They will be joined by Dimitar Karaivanov, Executive Vice President of Financial Services and Corporate Development for the question-and-answer session. Gentlemen, at this time, you may begin.

Mark Tryniski

Thank you, Chad. Good morning everyone and thank you for joining our first quarter conference call. Hope everyone is well. I think earnings for the quarter were very solid across the board. Margin continues to be a lessening headwind and loan growth expenses, deposit fees and the continuing strength of our financial services businesses and tailwinds.

Loan performance continues to be really good. We had