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FISI

Financial Institutions, Inc.

FISI

Financial Institutions, Inc. • NASDAQ
$30.60 ▲ 0.03% (+0.01)
Market Cap $615.97 M
52w High $30.91
52w Low $20.97
Dividend Yield 1.23%
P/E -11.46
Volume 46.89K
Outstanding Shares 20.13M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $96.255M ▲ $35.508M ▲ $20.477M ▲ 21.274% ▲ $1 ▲ $27.112M ▲
Q2-2025 $93.177M ▲ $35.142M ▲ $17.532M ▲ 18.816% ▲ $0.85 ▲ $23.41M ▲
Q1-2025 $91.009M ▲ $33.564M ▼ $16.878M ▲ 18.545% ▼ $0.82 ▲ $22.534M ▲
Q4-2024 $-13.754M ▼ $58.213M ▲ $-82.811M ▼ 602.087% ▲ $-5.07 ▼ $-113.312M ▼
Q3-2024 $86.951M $31.659M $13.466M 15.487% $0.85 $16.373M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $185.945M ▲ $6.288B ▲ $5.666B ▲ $621.72M ▲
Q2-2025 $93.034M ▼ $6.144B ▼ $5.542B ▼ $601.668M ▲
Q1-2025 $167.355M ▲ $6.34B ▲ $5.751B ▲ $589.928M ▲
Q4-2024 $87.329M ▼ $6.117B ▼ $5.548B ▼ $568.984M ▲
Q3-2024 $1.136B $6.156B $5.656B $500.342M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $20.477M ▲ $-6.882M ▼ $-49.366M ▼ $149.159M ▲ $92.911M ▲ $-4.47M ▲
Q2-2025 $17.532M ▲ $-5.725M ▼ $118.889M ▲ $-187.482M ▼ $-74.318M ▼ $-7.321M ▼
Q1-2025 $16.878M ▲ $10.005M ▼ $-147.288M ▼ $217.314M ▲ $80.031M ▲ $9.189M ▼
Q4-2024 $-82.811M ▼ $27.016M ▲ $-134.95M ▼ $-54.314M ▼ $-162.248M ▼ $26.613M ▲
Q3-2024 $13.466M $2.147M $79.823M $21.252M $103.222M $-299K

Five-Year Company Overview

Income Statement

Income Statement The income statement shows a bank that had fairly steady, modest growth and solid profits for several years, then ran into a much tougher year most recently. Revenue had been climbing, and profitability looked healthy through the prior cycle, but the latest period flipped to a loss. That shift suggests pressure on margins, higher funding costs, credit provisions, or elevated operating expenses. In plain terms: the core business has been capable of generating profits, but the most recent year marks a clear break from that trend and signals a tougher operating environment that bears watching.

Balance Sheet

Balance Sheet The balance sheet looks like that of a growing regional bank: total assets have been rising steadily, supported by a larger loan and securities base. Debt has increased compared with a few years ago, reflecting greater use of wholesale funding or other borrowings, but shareholder equity has also built up over time, which cushions the balance sheet. Cash levels are modest but typical for a bank that relies mainly on deposits for liquidity. Overall, the structure appears sound, though the combination of higher borrowings and recent earnings pressure raises the importance of continued prudence in risk and capital management.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has generally been positive over the past several years, with some year‑to‑year swings as conditions changed. Free cash flow has consistently tracked operating cash flow, and investment spending has been quite light, indicating a relatively low capital‑intensive model. Even in the tougher recent period from an earnings perspective, cash inflows from operations remained positive, which is reassuring. That said, the dip in cash generation compared with the strongest year underscores that the bank is not immune to funding and margin pressures in its markets.

Competitive Edge

Competitive Edge FISI occupies a classic community and regional bank niche in Western and Central New York. Its strengths lie in long‑standing local relationships, a reputation built over many decades, and a conservative credit culture that has historically limited loan losses. The addition of a wealth management arm broadens its revenue sources beyond traditional lending and deposits. However, it competes against much larger national banks, credit unions, and digital‑first players that can often outspend it on technology and marketing. Its focus on specific local industries and personalized service is a differentiator, but the narrow geographic footprint also concentrates its economic exposure in one region.

Innovation and R&D

Innovation and R&D The company is not a cutting‑edge fintech player, but it has adopted mainstream digital tools in a pragmatic way. Its use of an established third‑party digital banking platform gives customers the online and mobile features they expect, including business banking capabilities and security features, without the bank needing to build everything itself. Innovation is more incremental than revolutionary: specialized lending programs for key local sectors, tailored treasury services, and an integrated banking‑plus‑wealth‑management offering. Future progress will likely center on deeper digital account opening, loan origination, better use of data analytics, and operational efficiency rather than bold, high‑risk technology bets.

Summary

Overall, FISI looks like a traditional community bank that had a solid run of profitability and balance sheet growth, then faced a notably tougher recent year that pushed earnings into the red. The underlying franchise is built on local relationships, disciplined lending, and a measured approach to technology rather than rapid disruption. Strengths include its community embeddedness, diversified fee income from wealth management, and generally stable cash generation. Key areas of uncertainty revolve around how well it can restore profitability in a higher‑rate, more competitive environment, manage its growing funding needs, and continue upgrading its digital capabilities without losing its community‑bank identity.

NEWS

November 17, 2025 · 4:05 PM UTC

Financial Institutions, Inc. Announces Quarterly Cash Dividend

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October 23, 2025 · 4:05 PM UTC

Financial Institutions, Inc. Reports Third Quarter 2025 Results, Including Net Income Available to Common Shareholders of $20.1 million, or $0.99 per Diluted Share

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October 1, 2025 · 9:00 AM UTC

Financial Institutions, Inc. Schedules Third Quarter 2025 Earnings Release and Conference Call

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September 22, 2025 · 4:05 PM UTC

Financial Institutions, Inc. Announces New Share Repurchase Program

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