About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Patrick McLaughlin

Serena Aburahma

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Peter Fretty - Vice President, Market Leader

Tim Carli - Business Development Manager

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Community Bank System, Inc. Reports Third Quarter 2023 Results

Community Bank System, Inc. (the “Company”) (NYSE: CBU) reported third quarter 2023 results that are included in the attached supplement. This earnings release, including supporting financial tables, is also available within the press releases section of the Company's investor relations website at: https://ir.communitybanksystem.com/news-presentations/press-releases/. An archived webcast of the earnings call will be available on this site for one full year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231024901656/en/

Third Quarter 2023 Performance Summary

  • Third Quarter 2023 Net Income of $44.1 million, or $0.82 per fully diluted share, was down $4.6 million, or $0.08 per fully diluted share, from the prior year’s third quarter
  • Operating Net Income, a non-GAAP measure, of $44.2 million, or $0.82 per fully diluted share, was down $4.8 million, or $0.08 per fully diluted share, from the prior year’s third quarter
  • Total Ending Loans of $9.45 billion were up $279.3 million, or 3.0%, from the end of the prior quarter, marking the ninth consecutive quarter of loan growth
  • Total Ending Deposits of $13.03 billion were up $159.0 million, or 1.2%, from the end of the prior quarter and up $18.5 million, or 0.1%, from December 31, 2022
  • Total Financial Services (Employee Benefit Services, Insurance Services and Wealth Management Services) Revenues of $50.0 million, a new quarterly record for the Company, were up $3.3 million, or 7.1%, from the prior year’s third quarter
  • Annualized Loan Net Charge-Offs were 0.05% in the quarter and on a year-to-date basis
  • Tier 1 Leverage Ratio of 9.44% was up 0.09 percentage points from the end of the prior quarter

Company management will conduct an investor call at 11:00 a.m. (ET) today, October 24, 2023, to discuss the third quarter 2023 results. The conference call can be accessed at 1-833-630-0464 (1-412-317-1809 if outside the United States and Canada). Investors may also listen live via the Internet at: https://app.webinar.net/VQy6DnZDXEZ.

About Community Bank System, Inc.

Community Bank System, Inc. is a diversified financial services company with total assets of $15.4 billion focused on four main business lines – banking, benefits administration, insurance services and wealth management. Its banking subsidiary, Community Bank, N.A., is among the country’s 100 largest banking institutions and operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. In addition to a full range of retail, business, and municipal banking services, the Company offers comprehensive financial planning, trust administration and wealth management services through its Community Bank Wealth Management operating unit. The Company’s Benefit Plans Administrative Services, Inc. subsidiary is a leading provider of employee benefits administration, trust services, collective investment fund administration, and actuarial consulting services to customers on a national scale. The Company’s OneGroup NY, Inc. subsidiary is a top 100 U.S. insurance agency. Community Bank System, Inc. is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU. For more information about Community Bank visit www.cbna.com or https://ir.communitybanksystem.com.

Contacts

Joseph E. Sutaris, EVP & Chief Financial Officer

Office: (315) 445-7396

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