FINANCIAL INSTITUTIONS INC FISI

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

The Parent is a financial holding company organized in 1931 under the laws of New York State ("New York" or "NYS"). The principal office of the Parent is located at 220 Liberty Street, Warsaw, New York 14569 and its telephone number is (585) 786-1100. The Parent was incorporated on September 15, 1931, but the continuity of the Company's banking business is traced to the organization of the National Bank of Geneva on March 28, 1817. Except as the context otherwise requires, the Parent and its direct and indirect subsidiaries are collectively referred to in this report as the "Company." The Parent's common stock is traded on the Nasdaq Global Select Market under the ticker symbol "FISI."

The Parent's primary business is the operation of its subsidiaries. It does not engage in any other substantial business activities. The Parent's direct wholly-owned subsidiaries are: Five Star Bank, referred to as "FSB" or "the Bank," which provides a full range of banking services to consumer, commercial and municipal customers in Western and Central New York, and commercial loans in the Mid-Atlantic region, through a loan production office in Ellicott City, Maryland (a suburb of Baltimore, Maryland), and the Central New York region, through an office in Syracuse, New York; and Courier Capital LLC, referred to as "Courier Capital," which provides customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans.

Last close 40.58 2026-10-23
Market cap $799.7M 2026-06-30 share count
52-week range 28.00 - 42.97

Valuation FY2025 figures against the last close

P/S2.4x
P/E11.2x
P/FCF60.3x
EV/EBITDA—
Dividend yield3.1%
Diluted EPS3.61

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $333.0M$313.2M$286.1M$196.1M$167.2M$161.3M$168.8M$152.7M$130.1M$115.2M
Interest expense $200.0M$163.6M$165.7M$167.4M$12.5M$22.3M$38.9M$29.9M$17.5M$12.5M
Pre-tax income $91.4M-$68.1M$63.1M$71.0M$97.2M$45.7M$59.4M$49.5M$43.5M$44.1M
Income tax $16.5M$26.5M$12.8M$14.4M$19.5M$7.4M$10.6M$10.0M$9.9M$12.2M
Net income $74.9M-$41.6M$50.3M$56.6M$77.7M$38.3M$48.9M$39.5M$33.5M$31.9M
EPS, basic 3.65-2.753.173.584.812.302.972.392.132.11
EPS, diluted 3.61-2.753.153.564.782.302.962.392.132.10
Shares, diluted (wtd. avg.) 20.3M15.7M15.5M15.5M15.9M16.1M16.0M16.0M15.1M14.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $108.8M$87.3M$124.4M$130.5M$79.1M$93.9M$112.9M$102.8M$99.2M$71.3M
Property, plant and equipment $39.9M$39.9M$39.9M$42.0M$40.1M$40.6M$41.4M$42.8M$45.2M$42.4M
Goodwill $58.1M$58.1M$67.1M$67.1M$67.1M$66.1M$66.1M$66.1M$65.8M$66.4M
Other intangibles $2.2M$2.6M$5.4M$6.3M$7.3M$7.7M$8.9M$10.1M$8.9M$9.2M
Total assets $6.27B$6.12B$6.16B$5.80B$5.52B$4.91B$4.38B$4.31B$4.11B$3.71B
Short-term debt $109.0M$99.0M$185.0M$205.0M$30.0M$5.3M$275.5M$469.5M$446.2M$331.5M
Long-term debt $193.7M$124.8M$124.5M$74.2M$73.9M$73.6M$39.3M$39.2M$39.1M$39.1M
Total liabilities $5.65B$5.55B$5.71B$5.39B$5.02B$4.44B$3.95B$3.92B$3.72B$3.39B
Retained earnings $437.1M$388.7M$451.7M$421.3M$384.0M$324.9M$313.4M$279.9M$257.1M$237.7M
Total equity $628.9M$569.0M$454.8M$405.6M$505.1M$468.4M$438.9M$396.3M$381.2M$320.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $18.8M$77.1M$10.9M$133.6M$73.0M$43.5M$57.7M$65.1M$46.3M$46.7M
Stock-based compensation $3.1M$1.6M$1.7M$2.6M$1.7M$1.3M$1.4M$1.3M$1.2M$845.0K
Capital expenditure $5.5M$5.0M$3.0M$8.4M$9.4M$4.3M$3.6M$2.8M$7.7M$7.6M
Investing cash flow -$140.0M-$8.2M-$310.1M-$325.2M-$633.4M-$531.1M-$24.7M-$225.4M-$372.6M-$326.7M
Financing cash flow $142.7M-$106.0M$293.2M$242.9M$545.7M$468.5M-$22.8M$163.8M$354.3M$291.1M
Dividends paid $24.7M$18.5M$18.3M$17.6M$17.0M$16.5M$15.8M$14.9M$12.5M$11.5M
Buybacks $11.4M$426.0K$571.0K$15.3M$9.2M$209.0K$293.0K$113.0K$148.0K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-143723.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M 400M Revenue, FY2016: 115.2M Net income, FY2016: 31.9M Revenue, FY2017: 130.1M Net income, FY2017: 33.5M Revenue, FY2018: 152.7M Net income, FY2018: 39.5M Revenue, FY2019: 168.8M Net income, FY2019: 48.9M Revenue, FY2020: 161.3M Net income, FY2020: 38.3M Revenue, FY2021: 167.2M Net income, FY2021: 77.7M Revenue, FY2022: 196.1M Net income, FY2022: 56.6M Revenue, FY2023: 286.1M Net income, FY2023: 50.3M Revenue, FY2024: 313.2M Net income, FY2024: -41.6M Revenue, FY2025: 333M Net income, FY2025: 74.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $115.2M $130.1M $152.7M $168.8M $161.3M $167.2M $196.1M $286.1M $313.2M $333.0M
Gross profit — — — — — — — — — —
Net income $31.9M $33.5M $39.5M $48.9M $38.3M $77.7M $56.6M $50.3M -$41.6M $74.9M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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