Earnings summaries and quarterly performance for FINANCIAL INSTITUTIONS.
Executive leadership at FINANCIAL INSTITUTIONS.
Martin K. Birmingham
Detailed
President and Chief Executive Officer
CEO
BG
Blake G. Jones
Detailed
Senior Vice President, Chief Marketing Officer
EW
Eric W. Marks
Detailed
Senior Vice President, Chief Consumer Banking Officer
GA
Gary A. Pacos
Detailed
Senior Vice President, Chief Risk Officer
KB
Kevin B. Quinn
Detailed
Senior Vice President, Chief Commercial Banking Officer
LR
Laurie R. Collins
Detailed
Senior Vice President, Chief Human Resources Officer
SJ
Samuel J. Burruano, Jr.
Detailed
Executive Vice President, Chief Legal Officer and Corporate Secretary
SL
Sandra L. Byers
Detailed
Senior Vice President, Principal Accounting Officer and Controller
WJ
W. Jack Plants II
Detailed
Executive Vice President, Chief Financial Officer and Treasurer
Board of directors at FINANCIAL INSTITUTIONS.
AW
Andrew W. Dorn, Jr.
Detailed
Director
AJ
Angela J. Panzarella
Detailed
Director
BW
Bruce W. Harting
Detailed
Director
DH
Dawn H. Burlew
Detailed
Director
DK
Donald K. Boswell
Detailed
Director
KE
Kim E. VanGelder
Detailed
Director
MA
Mark A. Zupan, PhD
Detailed
Director
RL
Robert L. Schrader
Detailed
Director
RM
Robert M. Glaser
Detailed
Director
RN
Robert N. Latella
Detailed
Director
SR
Susan R. Holliday
Detailed
Chair of the Board
Research analysts who have asked questions during FINANCIAL INSTITUTIONS earnings calls.
Recent press releases and 8-K filings for FISI.
Financial Institutions, Inc. Completes $80.0 Million Subordinated Notes Offering
FISI
Debt Issuance
New Projects/Investments
Guidance Update
- Financial Institutions, Inc. (FISI) completed a private placement of $80.0 million in fixed-to-floating rate subordinated notes due 2035 on December 11, 2025.
- The notes bear interest at 6.50% per annum for the first five years, payable semi-annually, and will then reset quarterly to three-month SOFR plus 312 basis points.
- The company intends to use the net proceeds to redeem $65.0 million of outstanding debt, which currently bears interest rates of approximately 8.17% and 8.11%, and for general corporate purposes.
- This transaction is expected to temporarily elevate the company's Total Risk-Based Capital ratio by approximately 150 basis points at year-end.
Dec 11, 2025, 9:31 PM
Financial Institutions, Inc. Completes $80.0 Million Subordinated Notes Private Placement
FISI
Debt Issuance
- Financial Institutions, Inc. (FISI) completed a private placement of $80.0 million in fixed-to-floating rate subordinated notes due 2035.
- The Notes bear interest at 6.50% per annum until December 15, 2030, after which the rate will reset quarterly to three-month Secured Overnight Financing Rate (SOFR) plus 312 basis points.
- The Notes received a BBB- rating from Kroll Bond Rating Agency, which recently revised the Company’s long-term outlook to Stable.
- The company intends to use the net proceeds to redeem $65.0 million in outstanding debt issuances from 2015 and 2020, which currently bear interest rates of approximately 8.17% and 8.11% respectively, and for general corporate purposes. This action is expected to temporarily elevate the Company’s Total Risk-Based Capital ratio by approximately 150 basis points at year-end.
Dec 11, 2025, 9:30 PM
FISI Reports Strong Q3 2025 Results and Raises Full-Year Guidance
FISI
Earnings
Guidance Update
Share Buyback
- Financial Institutions, Inc. (FISI) reported strong Q3 2025 net income of $20.1 million and $0.99 diluted EPS, with Return on Average Assets (ROAA) at 132 basis points and Return on Average Equity (ROAE) at 13.31%.
- The company raised its full-year 2025 guidance, now expecting ROAA to exceed 115 basis points and ROAE to be greater than 12%, and anticipates achieving the high end of its 1-3% loan growth range.
- Net interest income grew 5.4% to $51.8 million and noninterest income increased 13.6% to $12.1 million from the prior quarter, driven by a 16 basis point expansion in net interest margin.
- Total deposits increased 3.9% to $5.36 billion from June 30, 2025, and the company's capital ratios improved, with Tangible Common Equity (TCE) up 8.74% and Common Equity Tier 1 at 11.15%.
- The Board approved a share repurchase plan, and management expects to target incremental improvement in returns through 2026, with mid-single digit loan growth appropriate for 2026 modeling.
Oct 24, 2025, 12:30 PM
Financial Institutions Inc. Reports Strong Q3 2025 Results and Raises Full-Year Guidance
FISI
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Financial Institutions Inc. reported strong Q3 2025 financial results, with net income available to common shareholders of $20.1 million or $0.99 per diluted share, driven by record quarterly net interest income and increased non-interest income.
- The company achieved 1.2% loan growth, primarily from commercial lending, and a 3.9% increase in total deposits, reaching $5.36 billion at period-end.
- FISI made upward revisions to its full-year 2025 guidance, now expecting Return on Average Assets (ROAA) to exceed 115 basis points (up from 110 basis points) and Return on Average Equity (ROAE) to be greater than 12% (up from 11.25%).
- Net interest margin expanded 16 basis points from the linked quarter, and the full-year 2025 net interest margin guidance was tightened to between 350 and 355 basis points. Tangible Common Equity (TCE) improved to 8.74%, and Common Equity Tier 1 increased to 11.15%.
Oct 24, 2025, 12:30 PM
Financial Institutions Inc. Reports Strong Q3 2025 Results and Raises Full-Year Guidance
FISI
Earnings
Guidance Update
- Financial Institutions Inc. (FISI) reported strong third quarter 2025 financial results, with net income available to common shareholders of $20.1 million, or $0.99 per diluted share.
- The company delivered balance sheet growth, including 1.2% loan growth driven by commercial lending and a 3.9% increase in total deposits.
- FISI expanded its net interest margin by 16 basis points from the linked quarter and saw non-interest income increase by 13.6% to $12.1 million.
- Based on strong year-to-date performance, the company made several upward revisions to its full-year 2025 guidance, including expecting ROAA to exceed 115 basis points and ROAE to be greater than 12%.
- Capital levels improved, with TCE at 8.74% and Common Equity Tier 1 at 11.15% at the end of Q3 2025.
Oct 24, 2025, 12:30 PM
Financial Institutions Inc. Reports Strong Q3 2025 Results and Raises Full-Year Guidance
FISI
Earnings
Guidance Update
- Financial Institutions Inc. reported strong Q3 2025 financial results, with net income available to common shareholders of $20.1 million, or $0.99 per diluted share. The company achieved a return on average assets (ROAA) of 132 basis points and a return on average equity (ROAE) of 13.31%.
- The company updated its full-year 2025 guidance, now expecting ROAA to exceed 115 basis points (up from 110 bps) and ROAE to be greater than 12% (up from 11.25%). Loan growth is anticipated to reach the high end of the 1% to 3% range.
- Net interest margin expanded 16 basis points on a linked quarter basis, with the full-year 2025 guidance tightened to between 350 and 355 basis points. Non-interest income increased 13.6% from the linked quarter to $12.1 million.
- Credit quality remains solid, with annualized net charge-offs to average loans at 18 basis points for Q3 2025, and the company maintains a full-year net charge-off ratio guidance of 25 to 35 basis points. Capital ratios improved, with TCE at 8.74% and Common Equity Tier 1 at 11.15%.
Oct 24, 2025, 12:30 PM
Financial Institutions, Inc. Announces New Share Repurchase Program
FISI
Share Buyback
- Financial Institutions, Inc. (FISI) has announced a new share repurchase program for up to 1,006,379 shares of its common stock, which represents approximately 5% of the Company's outstanding common shares.
- This new program, effective September 18, 2025, replaces and terminates the prior share repurchase program authorized in June 2022.
- The repurchase program has no expiration date and allows for repurchases in open market transactions or private transactions.
Sep 22, 2025, 8:06 PM
Financial Institutions, Inc. Announces Quarterly Cash Dividend
FISI
Dividends
- Financial Institutions, Inc. declared a cash dividend of $0.31 per common share.
- The company also announced dividends of $0.75 per share on Series A 3% Preferred Stock and $2.12 per share on Series B-1 8.48% Preferred Stock.
- All declared dividends are payable on October 2, 2025, to shareholders of record as of September 15, 2025.
Aug 25, 2025, 12:00 AM
Financial Institutions, Inc. Reports Third Quarter 2022 Results and Highlights Strategic Growth Initiatives
FISI
Earnings
New Projects/Investments
- Financial Institutions, Inc. reported net income of $13.9 million and diluted EPS of $0.88 for 3Q 2022.
- As of September 30, 2022, the company held $5.6 billion in assets, $3.9 billion in loans, and $4.6 billion in deposits.
- Net interest income for 3Q 2022 was $43.1 million, representing a 12.5% increase from 3Q 2021, with a net interest margin of 3.28%.
- The company is strategically focused on its Banking-as-a-Service (BaaS) initiative, a fee-based line of business, which as of September 2022, included two signed Letters of Intent/MSAs and one live partnership.
- Total loans increased by 2.7% from June 30, 2022, reaching $3.87 billion at the end of 3Q 2022, with commercial loans growing 6.8% to $2.20 billion.
Nov 2, 2022, 12:00 PM
FISI Highlights Strategic Growth and Strong Asset Quality in Investor Presentation
FISI
M&A
New Projects/Investments
Dividends
- Financial Institutions, Inc. (FISI) reported $5.6 billion in assets and $5.0 billion in deposits as of September 30, 2021, with a trailing twelve-month Return on Average Equity (ROACE) of 15.33% and Return on Average Assets (ROAA) of 1.38%.
- The company is strategically expanding its presence in the Buffalo and Rochester urban MSAs and aims to increase fee-based revenue.
- In 2021, FISI's insurance subsidiary, SDN Insurance Agency, LLC, completed two acquisitions: Landmark Group and North Woods Capital Benefits LLC, to diversify revenue and enhance its insurance and employee benefits offerings.
- Five Star Bank launched its Banking as a Service (BaaS) capabilities in August 2021, aiming to create new revenue opportunities through partnerships with fintech and wealth management firms.
- FISI maintained strong asset quality with Non-Performing Assets (NPAs) at 0.12% of total assets and Net Charge-Offs at 0.06% of average loans as of 3Q'21.
Dec 6, 2021, 12:00 PM
Quarterly earnings call transcripts for FINANCIAL INSTITUTIONS.
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