CBU reported 9% total revenue growth in Q1 2026, driven by a favorable interest rate environment and market value increases. The bank achieved record operating results, marked by the eighth consecutive quarter of net interest income expansion and disciplined expense management.

The Banking segment outperformed with 29% bottom-line growth, aided by market share gains and the successful integration of the Santander branch acquisition. Employee Benefit Services and Wealth Management grew at mid-to-high single-digit rates, offsetting a temporary slowdown in Insurance Services due to contingency payment timing.

Net interest margin is projected to expand by 3 to 5 basis points in Q2, reflecting continued loan repricing and a scheduled Federal Reserve dividend. Full-year expense growth is maintained within a 4% to 7% range, with the rate expected to moderate as prior-year acquisition costs fully lap.

Organic growth was broad-based across all regions, a result of multi-year investment in sales capabilities in key markets. The commercial loan pipeline stands at its highest level in over a year, while management pursues targeted 'string of pearls' acquisitions across its four business lines.