Financial Institutions, Inc. (FISI) 10-Year Financial Performance & Capital Metrics

FISI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutFinancial Institutions, Inc. operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company offers checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts. Its loan products include term loans and lines of credit; short and medium-term commercial loans for working capital, business expansion, and purchase of equipment; commercial business loans to the agricultural industry; commercial mortgage loans; one-to-four family residential mortgage loans, home improvement loans, closed-end home equity loans, and home equity lines of credit; and consumer loans, such as automobile, secured installment, and personal loans. The company also provides personal insurance products, including automobile, homeowners, boat, recreational vehicle, landlord, and umbrella coverage; commercial insurance comprising property, liability, automobile, inland marine, workers compensation, bonds, crop, and umbrella insurance products; and financial services comprising life and disability insurance, medicare supplements, long-term care, annuities, mutual funds, and retirement programs. In addition, it offers customized investment advisory, wealth management, investment consulting, and retirement plan services, as well as operates a real estate investment trust that holds residential mortgages and commercial real estate loans. The company operates a network of 48 banking offices in Allegany, Cattaraugus, Cayuga, Chautauqua, Chemung, Erie, Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Schuyler, Steuben, Wayne, Wyoming, and Yates counties, New York. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.Show more

Net Interest Income $164M -1.3%
Total Revenue $264M -20.6%
Net Income -$42M -182.9%
Return on Equity -8.14% -169.6%
Net Interest Margin 2.67% -0.6%
Efficiency Ratio 59.12% +46.5%
ROA -0.68% -180.7%
Equity / Assets 9.3% +26.0%
Book Value per Share 36.28 +23.4%
Tangible BV/Share 32.41 +31.2%
Debt/Equity 0.45 -40.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 3.7%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.55%

5Y4.81%

3Y7.6%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-154.81%

EPS CAGR

10Y-

5Y-

3Y-

TTM-176.1%

ROCE

10Y Avg9.06%

5Y Avg6.84%

3Y Avg3.8%

Latest-8.36%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	95.31M	102.69M	112.61M	122.86M	129.91M	138.99M	154.73M	167.37M	165.72M	163.59M
NII Growth %	0.02%	0.08%	0.1%	0.09%	0.06%	0.07%	0.11%	0.08%	-0.01%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	105.45M	115.23M	130.11M	152.73M	168.8M	161.3M	167.21M	196.11M	286.13M	313.23M
Interest Expense	10.14M	12.54M	17.5M	29.87M	38.89M	22.31M	12.47M	28.73M	120.42M	149.64M
Loan Loss Provision	7.38M	9.64M	13.36M	8.93M	8.04M	27.18M	-8.34M	14.1M	14.88M	26.49M
Non-Interest Income+	29.83M	35.46M	34.62M	35.27M	40.03M	43.07M	44.83M	44.98M	46.46M	-49.06M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	135.28M	150.69M	164.73M	188.01M	208.83M	204.37M	212.03M	241.09M	332.59M	264.17M
Revenue Growth %	0.06%	0.11%	0.09%	0.14%	0.11%	-0.02%	0.04%	0.14%	0.38%	-0.21%
Non-Interest Expense	78.89M	84.37M	90.4M	99.67M	102.48M	109.15M	110.67M	127.28M	134.24M	156.18M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	38.88M	44.14M	43.47M	49.53M	59.42M	45.72M	97.22M	70.97M	63.05M	-68.15M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0%	0.14%	-0.02%	0.14%	0.2%	-0.23%	1.13%	-0.27%	-0.11%	-2.08%
Pretax Income+	38.88M	44.14M	43.47M	49.53M	59.42M	45.72M	97.22M	70.97M	63.05M	-68.15M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	10.54M	12.21M	9.95M	10.01M	10.56M	7.39M	19.52M	14.4M	12.79M	-26.5M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	28.34M	31.93M	33.53M	39.53M	48.86M	38.33M	77.7M	56.57M	50.26M	-41.65M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.03%	0.13%	0.05%	0.18%	0.24%	-0.22%	1.03%	-0.27%	-0.11%	-1.83%
Net Income (Continuing)	28.34M	31.93M	33.53M	39.53M	48.86M	38.33M	77.7M	56.57M	50.26M	-41.65M
EPS (Diluted)+	1.90	2.10	2.13	2.39	2.96	2.30	4.78	3.56	3.15	-2.75
EPS Growth %	-0.05%	0.11%	0.01%	0.12%	0.24%	-0.22%	1.08%	-0.26%	-0.12%	-1.87%
EPS (Basic)	1.91	2.11	2.13	2.39	2.97	2.30	4.81	3.58	3.17	-2.75
Diluted Shares Outstanding	14.13M	14.49M	15.09M	15.96M	16.03M	16.06M	15.94M	15.47M	15.47M	15.68M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	60.12M	71.28M	99.19M	102.75M	112.95M	93.88M	79.11M	130.47M	124.44M	87.32M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	8K
Total Investments+	3.09B	3.39B	3.74B	3.95B	3.97B	4.5B	5.1B	5.26B	5.56B	5.58B
Investments Growth %	0.1%	0.1%	0.1%	0.05%	0.01%	0.13%	0.13%	0.03%	0.06%	0%
Long-Term Investments	2.54B	2.85B	3.22B	3.5B	3.55B	3.87B	3.92B	4.3B	4.67B	5.58B
Accounts Receivables	0	0	0	0	0	0	0	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	60.4M	66.42M	62.5M	66.06M	66.06M	66.06M	67.07M	67.07M	67.07M	58.12M
Intangible Assets	6.54M	9.22M	12.2M	10.11M	8.86M	7.73M	7.33M	6.34M	5.43M	2.64M
PP&E (Net)	39.45M	42.4M	45.19M	42.84M	41.42M	60.57M	62.18M	73.11M	71.43M	70.23M
Other Assets	126.29M	127.48M	141.62M	142.12M	183.24M	148.16M	138.44M	188.43M	259.22M	235.59M
Total Current Assets	604.52M	611.2M	624.17M	548.43M	530.86M	756.31M	1.31B	1.1B	1.04B	111.08M
Total Non-Current Assets	2.78B	3.1B	3.48B	3.76B	3.85B	4.16B	4.21B	4.69B	5.12B	6.01B
Total Assets+	3.38B	3.71B	4.11B	4.31B	4.38B	4.91B	5.52B	5.8B	6.16B	6.12B
Asset Growth %	0.09%	0.1%	0.11%	0.05%	0.02%	0.12%	0.12%	0.05%	0.06%	-0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	-0.01%
Accounts Payable	0	0	0	0	0	0	0	5.98M	19.41M	25.86M
Total Debt+	332.09M	370.56M	485.33M	508.7M	314.77M	78.92M	103.91M	312.45M	343.32M	256.61M
Net Debt	271.97M	299.28M	386.14M	405.95M	201.83M	-14.96M	24.8M	181.99M	218.88M	169.28M
Long-Term Debt	38.99M	39.06M	39.13M	39.2M	39.27M	73.62M	73.91M	74.22M	124.53M	124.84M
Short-Term Debt	293.1M	331.5M	446.2M	469.5M	275.5M	5.3M	30M	205M	185M	99M
Other Liabilities	24.56M	24.5M	28.53M	39.8M	74.78M	86.65M	84.64M	143.81M	130.44M	160.91M
Total Current Liabilities	3.02B	3.33B	3.66B	3.84B	3.83B	4.28B	4.86B	5.14B	5.42B	5.23B
Total Non-Current Liabilities	63.55M	63.56M	67.66M	79M	114.06M	160.28M	158.55M	251.26M	288.76M	318.51M
Total Liabilities	3.09B	3.39B	3.72B	3.92B	3.95B	4.44B	5.02B	5.39B	5.71B	5.55B
Total Equity+	293.84M	320.05M	381.18M	396.29M	438.95M	468.36M	505.14M	405.61M	454.8M	568.98M
Equity Growth %	0.05%	0.09%	0.19%	0.04%	0.11%	0.07%	0.08%	-0.2%	0.12%	0.25%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.1%	0.1%	0.12%	0.08%	0.16%	0.12%	0.12%	-0.08%
Book Value per Share	20.79	22.09	25.27	24.84	27.38	29.16	31.70	26.22	29.39	36.28
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	144K	147K	161K	161K	161K	161K	161K	161K	161K	207K
Additional Paid-in Capital	72.69M	81.75M	121.06M	122.7M	124.58M	125.12M	126.11M	126.64M	125.84M	233.42M
Retained Earnings	218.92M	237.69M	257.08M	279.87M	313.36M	324.85M	384.01M	421.34M	451.69M	388.67M
Accumulated OCI	-11.33M	-13.95M	-11.92M	-21.28M	-14.51M	2.13M	-13.21M	-137.49M	-119.94M	-52.6M
Treasury Stock	-3.92M	-2.92M	-2.53M	-2.49M	-1.98M	-1.22M	-9.22M	-22.34M	-20.24M	-17.99M
Preferred Stock	17.34M	17.34M	17.33M	17.33M	17.33M	17.33M	17.29M	17.29M	17.29M	17.29M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	43.09M	46.69M	46.28M	65.14M	57.71M	43.45M	72.96M	133.57M	10.89M	77.13M
Operating CF Growth %	0.22%	0.08%	-0.01%	0.41%	-0.11%	-0.25%	0.68%	0.83%	-0.92%	6.08%
Net Income	28.34M	31.93M	33.53M	39.53M	48.86M	38.33M	77.7M	56.57M	50.26M	-41.65M
Depreciation & Amortization	5.43M	5.96M	6.18M	6.48M	8.21M	7.89M	8.05M	8.11M	8.09M	7.67M
Deferred Taxes	1.8M	-1.72M	12.4M	-10.48M	369K	-4.52M	5.22M	-4.38M	-1.35M	-35.35M
Other Non-Cash Items	7.02M	7.39M	13.49M	11.87M	5.15M	27.34M	-7.81M	20.04M	7.92M	111.15M
Working Capital Changes	-169K	2.28M	-20.49M	16.44M	-6.29M	-26.92M	-11.94M	50.68M	-55.7M	33.69M
Cash from Investing+	-305.87M	-326.68M	-372.61M	-225.41M	-24.73M	-531.07M	-633.42M	-325.16M	-310.09M	-8.23M
Purchase of Investments	-336.3M	-339.79M	-157.91M	-72.94M	-219.15M	-404.22M	-802.49M	-113.82M	-54.62M	-905.85M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-868K	-676K	-4.45M	0	0	-1.42M	0	0	0
Other Investing	-179.78M	-259.43M	-404.72M	-361.36M	-145.87M	-420.46M	-106.6M	-386.29M	-430.01M	1.22M
Cash from Financing+	264.75M	291.14M	354.25M	163.83M	-22.79M	468.55M	545.69M	242.94M	293.17M	-106.02M
Dividends Paid	-12.72M	-12.95M	-13.96M	-16.41M	-17.26M	-17.96M	-18.45M	-19.05M	-19.75M	-19.97M
Share Repurchases	-202K	0	-157K	-113K	-293K	-209K	-9.28M	-15.34M	-571K	-433K
Stock Issued	0	0	38.3M	0	0	0	0	0	0	108.57M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	-1000K
Other Financing	279.38M	265.69M	215.37M	157.05M	188.77M	721.91M	548.72M	102.33M	283.49M	-108.18M
Net Change in Cash+	1.97M	11.16M	27.92M	3.56M	10.19M	-19.07M	-14.77M	51.35M	-6.02M	-37.12M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	58.15M	60.12M	71.28M	99.19M	102.75M	112.95M	93.88M	79.11M	130.47M	124.44M
Cash at End	60.12M	71.28M	99.19M	102.75M	112.95M	93.88M	79.11M	130.47M	124.44M	87.32M
Interest Paid	0	0	0	0	0	0	14.71M	32.57M	133.85M	156.09M
Income Taxes Paid	0	0	0	0	0	0	10.83M	3.4M	6.3M	3.49M
Free Cash Flow+	35.6M	39.08M	38.54M	62.3M	54.07M	39.19M	63.56M	125.2M	7.9M	72.15M
FCF Growth %	0.19%	0.1%	-0.01%	0.62%	-0.13%	-0.28%	0.62%	0.97%	-0.94%	8.13%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.88%	10.4%	9.56%	10.17%	11.7%	8.45%	15.96%	12.42%	11.68%	-8.14%
Return on Assets (ROA)	0.88%	0.9%	0.86%	0.94%	1.12%	0.82%	1.49%	1%	0.84%	-0.68%
Net Interest Margin	2.82%	2.77%	2.74%	2.85%	2.96%	2.83%	2.8%	2.89%	2.69%	2.67%
Efficiency Ratio	58.31%	55.99%	54.88%	53.02%	49.07%	53.41%	52.19%	52.79%	40.36%	59.12%
Equity / Assets	8.69%	8.63%	9.29%	9.19%	10.01%	9.53%	9.15%	7%	7.38%	9.3%
Book Value / Share	20.79	22.09	25.27	24.84	27.38	29.16	31.7	26.22	29.39	36.28
NII Growth	1.64%	7.74%	9.66%	9.1%	5.74%	6.98%	11.33%	8.17%	-0.99%	-1.28%
Dividend Payout	39.73%	35.97%	37.27%	37.82%	32.33%	43.03%	21.87%	31.1%	36.38%	-

Frequently Asked Questions

Growth & Financials

Financial Institutions, Inc. (FISI) saw revenue decline by 20.6% over the past year.

Financial Institutions, Inc. (FISI) reported a net loss of $27.9M for fiscal year 2024.

Dividend & Returns

Yes, Financial Institutions, Inc. (FISI) pays a dividend with a yield of 3.66%. This makes it attractive for income-focused investors.

Financial Institutions, Inc. (FISI) has a return on equity (ROE) of -8.1%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Financial Institutions, Inc. (FISI) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

Financial Institutions, Inc. (FISI) has an efficiency ratio of 59.1%. This is reasonable for a bank.

US Stock Screener

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Financial Institutions, Inc. (FISI) 10-Year Financial Performance & Capital Metrics

FISI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

Net Interest Income $164M -1.3%
Total Revenue $264M -20.6%
Net Income -$42M -182.9%
Return on Equity -8.14% -169.6%
Net Interest Margin 2.67% -0.6%
Efficiency Ratio 59.12% +46.5%
ROA -0.68% -180.7%
Equity / Assets 9.3% +26.0%
Book Value per Share 36.28 +23.4%
Tangible BV/Share 32.41 +31.2%
Debt/Equity 0.45 -40.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 3.7%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.55%

5Y4.81%

3Y7.6%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-154.81%

EPS CAGR

10Y-

5Y-

3Y-

TTM-176.1%

ROCE

10Y Avg9.06%

5Y Avg6.84%

3Y Avg3.8%

Latest-8.36%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	95.31M	102.69M	112.61M	122.86M	129.91M	138.99M	154.73M	167.37M	165.72M	163.59M
NII Growth %	0.02%	0.08%	0.1%	0.09%	0.06%	0.07%	0.11%	0.08%	-0.01%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	105.45M	115.23M	130.11M	152.73M	168.8M	161.3M	167.21M	196.11M	286.13M	313.23M
Interest Expense	10.14M	12.54M	17.5M	29.87M	38.89M	22.31M	12.47M	28.73M	120.42M	149.64M
Loan Loss Provision	7.38M	9.64M	13.36M	8.93M	8.04M	27.18M	-8.34M	14.1M	14.88M	26.49M
Non-Interest Income+	29.83M	35.46M	34.62M	35.27M	40.03M	43.07M	44.83M	44.98M	46.46M	-49.06M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	135.28M	150.69M	164.73M	188.01M	208.83M	204.37M	212.03M	241.09M	332.59M	264.17M
Revenue Growth %	0.06%	0.11%	0.09%	0.14%	0.11%	-0.02%	0.04%	0.14%	0.38%	-0.21%
Non-Interest Expense	78.89M	84.37M	90.4M	99.67M	102.48M	109.15M	110.67M	127.28M	134.24M	156.18M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	38.88M	44.14M	43.47M	49.53M	59.42M	45.72M	97.22M	70.97M	63.05M	-68.15M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0%	0.14%	-0.02%	0.14%	0.2%	-0.23%	1.13%	-0.27%	-0.11%	-2.08%
Pretax Income+	38.88M	44.14M	43.47M	49.53M	59.42M	45.72M	97.22M	70.97M	63.05M	-68.15M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	10.54M	12.21M	9.95M	10.01M	10.56M	7.39M	19.52M	14.4M	12.79M	-26.5M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	28.34M	31.93M	33.53M	39.53M	48.86M	38.33M	77.7M	56.57M	50.26M	-41.65M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.03%	0.13%	0.05%	0.18%	0.24%	-0.22%	1.03%	-0.27%	-0.11%	-1.83%
Net Income (Continuing)	28.34M	31.93M	33.53M	39.53M	48.86M	38.33M	77.7M	56.57M	50.26M	-41.65M
EPS (Diluted)+	1.90	2.10	2.13	2.39	2.96	2.30	4.78	3.56	3.15	-2.75
EPS Growth %	-0.05%	0.11%	0.01%	0.12%	0.24%	-0.22%	1.08%	-0.26%	-0.12%	-1.87%
EPS (Basic)	1.91	2.11	2.13	2.39	2.97	2.30	4.81	3.58	3.17	-2.75
Diluted Shares Outstanding	14.13M	14.49M	15.09M	15.96M	16.03M	16.06M	15.94M	15.47M	15.47M	15.68M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	60.12M	71.28M	99.19M	102.75M	112.95M	93.88M	79.11M	130.47M	124.44M	87.32M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	8K
Total Investments+	3.09B	3.39B	3.74B	3.95B	3.97B	4.5B	5.1B	5.26B	5.56B	5.58B
Investments Growth %	0.1%	0.1%	0.1%	0.05%	0.01%	0.13%	0.13%	0.03%	0.06%	0%
Long-Term Investments	2.54B	2.85B	3.22B	3.5B	3.55B	3.87B	3.92B	4.3B	4.67B	5.58B
Accounts Receivables	0	0	0	0	0	0	0	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	60.4M	66.42M	62.5M	66.06M	66.06M	66.06M	67.07M	67.07M	67.07M	58.12M
Intangible Assets	6.54M	9.22M	12.2M	10.11M	8.86M	7.73M	7.33M	6.34M	5.43M	2.64M
PP&E (Net)	39.45M	42.4M	45.19M	42.84M	41.42M	60.57M	62.18M	73.11M	71.43M	70.23M
Other Assets	126.29M	127.48M	141.62M	142.12M	183.24M	148.16M	138.44M	188.43M	259.22M	235.59M
Total Current Assets	604.52M	611.2M	624.17M	548.43M	530.86M	756.31M	1.31B	1.1B	1.04B	111.08M
Total Non-Current Assets	2.78B	3.1B	3.48B	3.76B	3.85B	4.16B	4.21B	4.69B	5.12B	6.01B
Total Assets+	3.38B	3.71B	4.11B	4.31B	4.38B	4.91B	5.52B	5.8B	6.16B	6.12B
Asset Growth %	0.09%	0.1%	0.11%	0.05%	0.02%	0.12%	0.12%	0.05%	0.06%	-0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	-0.01%
Accounts Payable	0	0	0	0	0	0	0	5.98M	19.41M	25.86M
Total Debt+	332.09M	370.56M	485.33M	508.7M	314.77M	78.92M	103.91M	312.45M	343.32M	256.61M
Net Debt	271.97M	299.28M	386.14M	405.95M	201.83M	-14.96M	24.8M	181.99M	218.88M	169.28M
Long-Term Debt	38.99M	39.06M	39.13M	39.2M	39.27M	73.62M	73.91M	74.22M	124.53M	124.84M
Short-Term Debt	293.1M	331.5M	446.2M	469.5M	275.5M	5.3M	30M	205M	185M	99M
Other Liabilities	24.56M	24.5M	28.53M	39.8M	74.78M	86.65M	84.64M	143.81M	130.44M	160.91M
Total Current Liabilities	3.02B	3.33B	3.66B	3.84B	3.83B	4.28B	4.86B	5.14B	5.42B	5.23B
Total Non-Current Liabilities	63.55M	63.56M	67.66M	79M	114.06M	160.28M	158.55M	251.26M	288.76M	318.51M
Total Liabilities	3.09B	3.39B	3.72B	3.92B	3.95B	4.44B	5.02B	5.39B	5.71B	5.55B
Total Equity+	293.84M	320.05M	381.18M	396.29M	438.95M	468.36M	505.14M	405.61M	454.8M	568.98M
Equity Growth %	0.05%	0.09%	0.19%	0.04%	0.11%	0.07%	0.08%	-0.2%	0.12%	0.25%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.1%	0.1%	0.12%	0.08%	0.16%	0.12%	0.12%	-0.08%
Book Value per Share	20.79	22.09	25.27	24.84	27.38	29.16	31.70	26.22	29.39	36.28
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	144K	147K	161K	161K	161K	161K	161K	161K	161K	207K
Additional Paid-in Capital	72.69M	81.75M	121.06M	122.7M	124.58M	125.12M	126.11M	126.64M	125.84M	233.42M
Retained Earnings	218.92M	237.69M	257.08M	279.87M	313.36M	324.85M	384.01M	421.34M	451.69M	388.67M
Accumulated OCI	-11.33M	-13.95M	-11.92M	-21.28M	-14.51M	2.13M	-13.21M	-137.49M	-119.94M	-52.6M
Treasury Stock	-3.92M	-2.92M	-2.53M	-2.49M	-1.98M	-1.22M	-9.22M	-22.34M	-20.24M	-17.99M
Preferred Stock	17.34M	17.34M	17.33M	17.33M	17.33M	17.33M	17.29M	17.29M	17.29M	17.29M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	43.09M	46.69M	46.28M	65.14M	57.71M	43.45M	72.96M	133.57M	10.89M	77.13M
Operating CF Growth %	0.22%	0.08%	-0.01%	0.41%	-0.11%	-0.25%	0.68%	0.83%	-0.92%	6.08%
Net Income	28.34M	31.93M	33.53M	39.53M	48.86M	38.33M	77.7M	56.57M	50.26M	-41.65M
Depreciation & Amortization	5.43M	5.96M	6.18M	6.48M	8.21M	7.89M	8.05M	8.11M	8.09M	7.67M
Deferred Taxes	1.8M	-1.72M	12.4M	-10.48M	369K	-4.52M	5.22M	-4.38M	-1.35M	-35.35M
Other Non-Cash Items	7.02M	7.39M	13.49M	11.87M	5.15M	27.34M	-7.81M	20.04M	7.92M	111.15M
Working Capital Changes	-169K	2.28M	-20.49M	16.44M	-6.29M	-26.92M	-11.94M	50.68M	-55.7M	33.69M
Cash from Investing+	-305.87M	-326.68M	-372.61M	-225.41M	-24.73M	-531.07M	-633.42M	-325.16M	-310.09M	-8.23M
Purchase of Investments	-336.3M	-339.79M	-157.91M	-72.94M	-219.15M	-404.22M	-802.49M	-113.82M	-54.62M	-905.85M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-868K	-676K	-4.45M	0	0	-1.42M	0	0	0
Other Investing	-179.78M	-259.43M	-404.72M	-361.36M	-145.87M	-420.46M	-106.6M	-386.29M	-430.01M	1.22M
Cash from Financing+	264.75M	291.14M	354.25M	163.83M	-22.79M	468.55M	545.69M	242.94M	293.17M	-106.02M
Dividends Paid	-12.72M	-12.95M	-13.96M	-16.41M	-17.26M	-17.96M	-18.45M	-19.05M	-19.75M	-19.97M
Share Repurchases	-202K	0	-157K	-113K	-293K	-209K	-9.28M	-15.34M	-571K	-433K
Stock Issued	0	0	38.3M	0	0	0	0	0	0	108.57M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	-1000K
Other Financing	279.38M	265.69M	215.37M	157.05M	188.77M	721.91M	548.72M	102.33M	283.49M	-108.18M
Net Change in Cash+	1.97M	11.16M	27.92M	3.56M	10.19M	-19.07M	-14.77M	51.35M	-6.02M	-37.12M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	58.15M	60.12M	71.28M	99.19M	102.75M	112.95M	93.88M	79.11M	130.47M	124.44M
Cash at End	60.12M	71.28M	99.19M	102.75M	112.95M	93.88M	79.11M	130.47M	124.44M	87.32M
Interest Paid	0	0	0	0	0	0	14.71M	32.57M	133.85M	156.09M
Income Taxes Paid	0	0	0	0	0	0	10.83M	3.4M	6.3M	3.49M
Free Cash Flow+	35.6M	39.08M	38.54M	62.3M	54.07M	39.19M	63.56M	125.2M	7.9M	72.15M
FCF Growth %	0.19%	0.1%	-0.01%	0.62%	-0.13%	-0.28%	0.62%	0.97%	-0.94%	8.13%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.88%	10.4%	9.56%	10.17%	11.7%	8.45%	15.96%	12.42%	11.68%	-8.14%
Return on Assets (ROA)	0.88%	0.9%	0.86%	0.94%	1.12%	0.82%	1.49%	1%	0.84%	-0.68%
Net Interest Margin	2.82%	2.77%	2.74%	2.85%	2.96%	2.83%	2.8%	2.89%	2.69%	2.67%
Efficiency Ratio	58.31%	55.99%	54.88%	53.02%	49.07%	53.41%	52.19%	52.79%	40.36%	59.12%
Equity / Assets	8.69%	8.63%	9.29%	9.19%	10.01%	9.53%	9.15%	7%	7.38%	9.3%
Book Value / Share	20.79	22.09	25.27	24.84	27.38	29.16	31.7	26.22	29.39	36.28
NII Growth	1.64%	7.74%	9.66%	9.1%	5.74%	6.98%	11.33%	8.17%	-0.99%	-1.28%
Dividend Payout	39.73%	35.97%	37.27%	37.82%	32.33%	43.03%	21.87%	31.1%	36.38%	-

Frequently Asked Questions

Growth & Financials

Financial Institutions, Inc. (FISI) saw revenue decline by 20.6% over the past year.

Financial Institutions, Inc. (FISI) reported a net loss of $27.9M for fiscal year 2024.

Dividend & Returns

Yes, Financial Institutions, Inc. (FISI) pays a dividend with a yield of 3.66%. This makes it attractive for income-focused investors.

Financial Institutions, Inc. (FISI) has a return on equity (ROE) of -8.1%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Financial Institutions, Inc. (FISI) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

Financial Institutions, Inc. (FISI) has an efficiency ratio of 59.1%. This is reasonable for a bank.