Financial Institutions, Inc. (FISI) Financial Ratios
28 years of historical data (1998–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
10.52
↑+44% vs avg
5yr avg: 7.31
30Y Low4.7·High35.4
P/FCF
↑
54.07
↑+157% vs avg
5yr avg: 21.04
30Y Low3.0·High46.6
P/B Ratio
↑
1.21
↑+37% vs avg
5yr avg: 0.88
30Y Low0.6·High1.8
ROE
↓
12.5%
↓+41% vs avg
5yr avg: 8.9%
30Y Low-14%·High16%
Debt/EBITDA
↑
3.66
+9% vs avg
5yr avg: 3.36
30Y Low0.6·High14.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FISI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Financial Institutions, Inc. trades at 10.3x earnings, 43% above its 5-year average of 7.2x, sitting at the 29th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 24%. On a free-cash-flow basis, the stock trades at 54.1x P/FCF, 157% above the 5-year average of 21.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $735M | $633M | $428M | $330M | $377M | $507M | $361M | $515M | $410M | $469M | $496M |
| Enterprise Value | $961M | $859M | $597M | $548M | $559M | $532M | $346M | $716M | $816M | $855M | $795M |
| P/E Ratio → | 10.35 | 8.63 | — | 6.76 | 6.84 | 6.65 | 9.78 | 10.84 | 10.75 | 14.60 | 16.29 |
| P/S Ratio | 1.95 | 1.68 | 1.62 | 0.99 | 1.56 | 2.39 | 1.77 | 2.46 | 2.18 | 2.85 | 3.29 |
| P/B Ratio | 1.21 | 1.01 | 0.75 | 0.72 | 0.93 | 1.00 | 0.77 | 1.17 | 1.03 | 1.23 | 1.55 |
| P/FCF | 54.07 | 46.56 | 5.93 | 41.71 | 3.01 | 7.97 | 9.22 | 9.52 | 6.58 | 12.17 | 12.68 |
| P/OCF | 39.11 | 33.68 | 5.55 | 30.26 | 2.82 | 6.95 | 8.32 | 8.92 | 6.30 | 10.14 | 10.61 |
P/E links to full P/E history page with 30-year chart
FISI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Financial Institutions, Inc.'s enterprise value stands at 10.5x EBITDA, 44% above its 5-year average of 7.3x. The Financial Services sector median is 11.4x, placing the stock at a 8% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.27 | 2.26 | 1.65 | 2.32 | 2.51 | 1.70 | 3.43 | 4.34 | 5.19 | 5.27 |
| EV / EBITDA | 10.52 | 9.40 | — | 7.71 | 7.07 | 5.05 | 6.46 | 10.59 | 14.57 | 17.23 | 15.87 |
| EV / EBIT | 10.52 | 9.40 | — | 8.70 | 7.87 | 5.47 | 7.58 | 12.06 | 16.47 | 19.67 | 18.01 |
| EV / FCF | — | 63.14 | 8.28 | 69.41 | 4.46 | 8.36 | 8.84 | 13.25 | 13.10 | 22.19 | 20.34 |
FISI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Financial Institutions, Inc. earns an operating margin of 24.2%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 19.0% to 24.2% over the past 3 years, signaling improving operational efficiency. ROE of 12.5% is modest. ROIC of 7.7% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.7% | 61.7% | 33.3% | 59.3% | 82.2% | 98.0% | 75.8% | 77.5% | 79.4% | 81.3% | 85.3% |
| Operating Margin | 24.2% | 24.2% | -25.8% | 19.0% | 29.4% | 45.9% | 22.4% | 28.5% | 26.3% | 26.4% | 29.3% |
| Net Profit Margin | 19.8% | 19.8% | -15.8% | 15.1% | 23.5% | 36.6% | 18.8% | 23.4% | 21.0% | 20.4% | 21.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.5% | 12.5% | -8.1% | 11.7% | 12.4% | 16.0% | 8.4% | 11.7% | 10.2% | 9.6% | 10.4% |
| ROA | 1.2% | 1.2% | -0.7% | 0.8% | 1.0% | 1.5% | 0.8% | 1.1% | 0.9% | 0.9% | 0.9% |
| ROIC | 7.7% | 7.7% | -6.3% | 6.2% | 8.0% | 12.6% | 5.3% | 5.4% | 4.2% | 4.2% | 5.0% |
| ROCE | 2.6% | 2.6% | -8.4% | 9.0% | 10.7% | 15.0% | 7.7% | 11.6% | 10.7% | 10.4% | 11.9% |
FISI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Financial Institutions, Inc. carries a Debt/EBITDA ratio of 3.7x, which is moderately leveraged (14% below the sector average of 4.3x). Net debt stands at $225M ($334M total debt minus $109M cash). Interest coverage of just 0.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.53 | 0.53 | 0.45 | 0.75 | 0.77 | 0.21 | 0.17 | 0.72 | 1.28 | 1.27 | 1.16 |
| Debt / EBITDA | 3.66 | 3.66 | — | 4.83 | 3.95 | 0.99 | 1.47 | 4.65 | 9.08 | 9.78 | 7.40 |
| Net Debt / Equity | — | 0.36 | 0.30 | 0.48 | 0.45 | 0.05 | -0.03 | 0.46 | 1.02 | 1.01 | 0.94 |
| Net Debt / EBITDA | 2.47 | 2.47 | — | 3.08 | 2.30 | 0.24 | -0.28 | 2.98 | 7.25 | 7.78 | 5.97 |
| Debt / FCF | — | 16.58 | 2.35 | 27.70 | 1.45 | 0.39 | -0.38 | 3.73 | 6.52 | 10.02 | 7.66 |
| Interest Coverage | 0.69 | 0.69 | -0.46 | 0.52 | 2.47 | 7.79 | 2.05 | 1.53 | 1.66 | 2.48 | 3.52 |
FISI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 1.00x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.19x to 1.00x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.00 | 1.00 | 0.02 | 0.19 | 0.21 | 0.27 | 0.18 | 0.14 | 0.14 | 0.17 | 0.18 |
| Quick Ratio | 1.00 | 1.00 | 0.02 | 0.19 | 0.21 | 0.27 | 0.18 | 0.14 | 0.14 | 0.17 | 0.18 |
| Cash Ratio | 1.00 | 1.00 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.02 |
| Asset Turnover | — | 0.06 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FISI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Financial Institutions, Inc. returns 4.8% to shareholders annually — split between a 3.3% dividend yield and 1.6% buyback yield. The payout ratio of 33.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 9.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.3% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 33.0% | 33.0% | — | 36.4% | 31.1% | 21.9% | 43.0% | 32.3% | 37.8% | 37.3% | 36.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.7% | 11.6% | — | 14.8% | 14.6% | 15.0% | 10.2% | 9.2% | 9.3% | 6.8% | 6.1% |
| FCF Yield | 1.8% | 2.1% | 16.9% | 2.4% | 33.2% | 12.5% | 10.8% | 10.5% | 15.2% | 8.2% | 7.9% |
| Buyback Yield | 1.6% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $20M | $16M | $15M | $15M | $16M | $16M | $16M | $16M | $15M | $14M |
Peer Comparison
Compare FISI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FISIYou | $735M | 10.3 | 10.5 | 54.1 | 61.7% | 24.2% | 12.5% | 7.7% | 3.7 |
 NBTB | $2B | 14.0 | 10.7 | 11.1 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 TRMK | $3B | 12.1 | 9.4 | 11.3 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
 CNOB | $2B | 21.9 | 24.0 | 16.2 | 44.2% | 18.6% | 5.7% | 3.5% | 10.4 |
 EGBN | $842M | -6.6 | — | 40.5 | 3.2% | -26.9% | -10.8% | -8.2% | — |
 TRST | $925M | 16.1 | 11.9 | 20.2 | 67.1% | 29.2% | 9.0% | 7.2% | 2.1 |
 NFBK | $602M | 727.8 | 63.2 | 11.5 | 35.3% | 9.3% | 0.1% | 0.8% | 39.6 |
 CBSH | $8B | 13.4 | 13.3 | 13.6 | 80.0% | 34.2% | 15.8% | 8.4% | 3.9 |
 WSFS | $4B | 14.6 | 7.1 | 18.3 | 74.7% | 28.0% | 10.8% | 9.5% | 0.7 |
 IBCP | $706M | 10.5 | 9.5 | 10.1 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 FFIN | $5B | 18.5 | 11.4 | 15.3 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 28 years · Updated daily
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FISI — Frequently Asked Questions
Quick answers to the most common questions about buying FISI stock.
What is Financial Institutions, Inc.'s P/E ratio?
Financial Institutions, Inc.'s current P/E ratio is 10.3x. The historical average is 12.6x. This places it at the 29th percentile of its historical range.
What is Financial Institutions, Inc.'s EV/EBITDA?
Financial Institutions, Inc.'s current EV/EBITDA is 10.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
What is Financial Institutions, Inc.'s ROE?
Financial Institutions, Inc.'s return on equity (ROE) is 12.5%. The historical average is 9.2%.
Is FISI stock overvalued?
Based on historical data, Financial Institutions, Inc. is trading at a P/E of 10.3x. This is at the 29th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Financial Institutions, Inc.'s dividend yield?
Financial Institutions, Inc.'s current dividend yield is 3.26% with a payout ratio of 33.0%.
What are Financial Institutions, Inc.'s profit margins?
Financial Institutions, Inc. has 61.7% gross margin and 24.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Financial Institutions, Inc. have?
Financial Institutions, Inc.'s Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.