CBU — what changed in the latest 10-Q
A section-by-section comparison of CBU's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +36 | −27 | ~51 | 37 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~6 | 6 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
The Company reported net income of $61.3 million for the second quarter which increased $10.0 million, or 19.5%, from the prior year’s second quarter, while YTD net income of $118.6 million increased $17.6 million, or 17.4%, compared to the equivalent 2025 timeframe. Earnings per share of $1.16 for …
Net interest income increased to $139.1 million in the second quarter, a $14.4 million, or 11.5%, increase from the prior year’s second quarter. YTD net interest income of $273.9 million increased $28.9 million, or 11.8%, from the prior YTD period. The increases were primarily due to lower funding c…
Noninterest revenues were $84.0 million in the second quarter, a $9.5 million, or 12.8%, increase from the second quarter of 2025. YTD noninterest revenues of $162.6 million increased $12.0 million, or 8.0%, from the 2025 YTD period. The increases in noninterest revenues were comprised of increases …
Noninterest expenses were $137.7 million in the second quarter, an increase of $8.6 million, or 6.7%, from the prior year’s second quarter. YTD noninterest expenses of $270.8 million increased $16.4 million, or 6.4%, from the comparable 2025 YTD period. The increases in noninterest expenses were dri…
Net interest margin for the second quarter of 3.46% and fully tax-equivalent net interest margin, a non-GAAP measure, of 3.49% both increased 19 basis points from the prior year’s second quarter. YTD net interest margin of 3.45% and fully tax-equivalent net interest margin, a non-GAAP measure, of 3.…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
The Company reported net income of $57.2 million for the first quarter that was $7.6 million, or 15.3%, above the prior year’s first quarter, while earnings per share of $1.08 for the first quarter was $0.15, or 16.1%, above the prior year. The increases in net income and earnings per share were pri…
Net interest income increased to $134.7 million in the first quarter, a $14.5 million, or 12.1%, increase from the prior year. The increase was primarily due to increases in the yield on average interest-earning assets and average loan balances, along with lower funding costs. The provision for cred…
Noninterest expenses were $133.0 million in the first quarter, an increase of $7.7 million, or 6.2%, from the prior year’s first quarter. The increase in noninterest expenses was driven primarily by increases in salaries and employee benefits, occupancy and equipment and data processing and communic…
Net interest margin for the first quarter of 3.43% and fully tax-equivalent net interest margin, a non-GAAP measure, of 3.45% increased 22 basis points and 21 basis points, respectively, from the prior year’s first quarter. The yield on average interest earning assets increased 9 basis points compar…
The Company’s average and ending interest-earning assets both increased year-over-year, reflective of strong organic loan growth. Average and ending deposits also increased primarily driven by organic growth in non-governmental deposit balances and the $543.7 million of deposits assumed in the Santa…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice