Financial Institutions

Financial Institutions, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Banking, Non-Banking, and Holding Company and Other. The Banking segment includes retail and commercial banking operations. The Non-Banking segment consists of the activities of SDN, a full-service insurance agency that offers insurance services to both personal and business clients, and Courier Capital, an investment advisor and wealth management firm that delivers customized investment management, investment consulting, and retirement plan services to individuals, businesses, institutions, foundations, and retirement plans. The company was founded in 1931 and is headquartered in Warsaw, NY.

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Financial Institutions (FISI) reports strong Q4 performance and strategic growth outlook

Financial Institutions (FISI) showcased strong performance in Q4 2022, driven by organic loan growth and robust loan portfolio metrics.
Despite challenges like economic uncertainties, the company's strategic strengths and growth initiatives position it well for future opportunities.
Opportunities in Banking-as-a-Service initiatives, market expansions, and risk management enhancements offer avenues for sustained growth and resilience.
Overall, Financial Institutions (FISI) remains focused on proactive strategies to navigate challenges and leverage opportunities for continued success.

Financial Institutions, Inc. reports Q1 earnings decline but eyes growth

FISI's Q1 performance reflected a decline in net income due to higher provisions and expenses, offset by strong loan growth and stable asset quality.
The company's strategic expansion into Central New York and focus on Banking-as-a-Service initiatives signal growth potential.
Challenges include margin pressure and expense management, but opportunities lie in loan portfolio growth and deposit initiatives.
Overall, FISI's solid start in 2023 and disciplined approach position it for future success and profitability.

Financial Institutions (FISI) reports solid Q2 performance and eyes growth opportunities

Financial Institutions (FISI) delivered a solid performance in Q2, driven by loan growth and strong credit quality metrics.
While facing challenges such as seasonal deposit fluctuations, the company's strategic focus on diversification and customer base expansion positions it well for the future.
Opportunities lie in leveraging the merged subsidiaries for wealth management growth and exploring new avenues for revenue generation in the Mid-Atlantic region.

Financial Institutions (FISI) reports stable Q3 performance amidst lending challenges

Financial Institutions (FISI) faced challenges in commercial lending and slower BaaS growth but maintained stable performance overall. The company's strengths lie in deposit growth, asset quality, and successful retail campaigns. Opportunities exist in BaaS expansion, commercial lending recovery, and continued focus on credit quality and internal functions.

Financial Institutions, Inc. reports solid 2023 performance amidst challenges

Financial Institutions, Inc. (FISI) navigated challenges in 2023 to achieve solid financial performance, driven by deposit and loan growth. While facing concerns about rising interest rates and nonperforming loans, FISI remains focused on strategic initiatives for profitability. The company's proactive efforts and cost-saving measures position it well for future growth and operational efficiency.

Financial Institutions, Inc. faces Q1 challenges but shows resilience

FISI navigated challenges in Q1 2024, balancing setbacks from a fraud event with gains from the sale of its insurance subsidiary.
Despite flat loan growth, the company excelled in deposit attraction and demonstrated resilience in maintaining capital strength.
Management's strategic focus on key areas like commercial lending and deposit growth positions FISI for future opportunities.
Anticipated slowdown in deposit betas and stable margins provide a positive outlook for the company's financial performance in 2024.

Financial Institutions (FISI) reports record earnings and pursues growth opportunities

Financial Institutions (FISI) delivered a strong performance in Q2 2024, with record net income and notable improvements in asset quality metrics. Despite challenges related to legal actions, the company remains focused on growth opportunities through margin expansion and maintaining a strong financial position.

Financial Institutions, Inc. reports solid Q3 performance amidst strategic shifts

Financial Institutions, Inc. delivered a solid performance in Q3 with notable deposit growth and efficient expense management.
While facing challenges such as the wind down of a non-contributing service, FISI remains focused on core banking operations.
Opportunities lie in rebuilding commercial pipelines, optimizing capital efficiency, and diversifying revenue streams for sustained growth.

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Does Financial Institutions (FISI) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Financial Institutions (FISI) a Strong Momentum Stock: Buy Now?

WARSAW, N.Y., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (Nasdaq: FISI) (the “Company”), parent company of Five Star Bank and Courier Capital, LLC, today announced the pricing of its previously announced underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $25.00 per share. The expected proceeds to the Company, after deducting underwriting discounts and commissions but before deducting operating expenses payable by the Company, are approximately $95.0 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of Company common stock at the public offering price, less underwriting discounts, and commissions.

Financial Institutions, Inc. Announces Pricing of Common Stock Offering

WARSAW, N.Y., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (Nasdaq: FISI) (the “Company”), parent company of Five Star Bank and Courier Capital, LLC, announced today that it has launched an underwritten public offering of shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase additional shares of its common stock.

Financial Institutions, Inc. Announces Launch of Common Stock Offering

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Financial Institutions (FISI) Stock Undervalued Right Now?

WARSAW, N.Y., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), parent company of Five Star Bank and Courier Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share.

Financial Institutions, Inc. Announces Quarterly Cash Dividend

Mr. Campise brings more than 25 years of technology leadership experience to the growing community bank Mr. Campise brings more than 25 years of technology leadership experience to the growing community bank

Christopher Campise Named Chief Information Officer of Five Star Bank

Loan growth will likely remain subdued as rate cuts will lift demand, but lackluster economic activity will dampen the demand for credit products. A large chunk of low-yielding loans and securities are scheduled to mature soon. Reinvestment will lift the margin. Financial Institutions is offering a dividend yield of 4.9% with an implied payout ratio of only 37%.

Financial Institutions: Good Dividend Yield; Room For Price Upside Despite The Recent Rally

Financial Institutions, Inc. (NASDAQ:FISI ) Q3 2024 Results Conference Call October 25, 2024 8:30 AM ET Company Participants Kate Croft - Director of IR Martin Birmingham - President and CEO Jack Plants - CFO Conference Call Participants Damon DelMonte - KBW David Mirochnick - Stephens Operator Thank you for standing by, Ladies and gentlemen. Welcome to the Financial Institutions, Inc. Third Quarter 2024 Earnings Call.

Financial Institutions, Inc. (FISI) Q3 2024 Earnings Call Transcript

WARSAW, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the "Company," "we" or "us"), parent company of Five Star Bank (the "Bank") and Courier Capital, LLC ("Courier Capital"), today reported financial and operational results for the third quarter ended September 30, 2024.

Financial Institutions, Inc. Announces Third Quarter 2024 Financial Results

Financial Institutions (FISI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Financial Institutions (FISI) Upgraded to Buy: Here's What You Should Know

WARSAW, N.Y., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), the parent company of Five Star Bank and Courier Capital, LLC, will release results for the third quarter ending September 30, 2024 after the market closes on October 24, 2024.

Financial Institutions, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call

The parent company of Five Star Bank plans to initiate an orderly wind down process for its Banking-as-a-Service offerings, which as of June 30, 2024 represented about 2% of deposits and under 1% of loans The parent company of Five Star Bank plans to initiate an orderly wind down process for its Banking-as-a-Service offerings, which as of June 30, 2024 represented about 2% of deposits and under 1% of loans

Financial Institutions, Inc. Announces Intent to Begin Winding Down BaaS, Reflecting Strategic Focus on Core Franchise

Financial Institutions (FISI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

All You Need to Know About Financial Institutions (FISI) Rating Upgrade to Strong Buy

Financial Institutions stock has surged 49.9% since November 2023, outperforming the S&P 500. Despite this surge, shares still look cheap, both relative to earnings and book value. While it's not the best prospect out there, these qualities do make it generally appealing.

Financial Institutions Offers Some Additional Upside From Here

Financial Institutions, Inc. (NASDAQ:FISI ) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Kate Croft - Director of IR Martin Birmingham - President and CEO Jack Plants - CFO Conference Call Participants Damon DelMonte - KBW Matthew Breese - Stephens Operator Ladies and gentlemen, thank you for standing by. Welcome to the Financial Institutions, Inc. Second Quarter 2024 Earnings Call.

Financial Institutions, Inc. (FISI) Q2 2024 Earnings Call Transcript

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FISI, BTE, HSTM, WDC and VIRC have been added to the Zacks Rank #1 (Strong Buy) List on July 26, 2024.

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FISI, BTE and HMC made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 26, 2024.

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

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Is Financial Institutions (FISI) a Great Value Stock Right Now?

WARSAW, N.Y., July 01, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), the parent company of Five Star Bank and Courier Capital, LLC, will release results for the second quarter ending June 30, 2024 after the market closes on July 25, 2024.

Financial Institutions, Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call

Earnings will be lower this year relative to last year because of the fraudulent activity reported in 1Q. After a disappointing 1Q performance, loan growth will bounce back thanks to the sale of the insurance business as well as regional economic strength. The margin will likely turn around, but the average for 2024 will still be lower than the average for 2023.

Financial Institutions: Dividend Yield Over 6%, High Potential Price Upside

Financial Institutions, Inc. (NASDAQ:FISI ) Q1 2024 Earnings Conference Call April 26, 2024 8:30 AM ET Company Participants Kate Croft - Director of IR Martin Birmingham - President and CEO Jack Plants - CFO Conference Call Participants Damon DelMonte - KBW Bader Hijleh - Piper Sandler Operator Hello, everyone, and welcome to the Financial Institutions, Inc. First Quarter 2024 Earnings Call. My name is Harry, and I'll be your operator.

Financial Institutions, Inc. (FISI) Q1 2024 Earnings Call Transcript

Financial Institutions (FISI) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.76 per share a year ago.

Financial Institutions (FISI) Q1 Earnings Lag Estimates

WARSAW, N.Y., April 25, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the "Company," "we" or "us"), parent company of Five Star Bank (the "Bank") and Courier Capital, LLC ("Courier Capital"), today reported financial and operational results for the first quarter ended March 31, 2024.

Financial Institutions, Inc. Announces First Quarter 2024 Results

WARSAW, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the "Company," "we" or "us"), a diversified financial services company and parent company of Five Star Bank (the “Bank”) and Courier Capital, LLC (“Courier Capital”), today announced and closed the sale of the assets of its wholly-owned subsidiary SDN Insurance Agency, LLC (“SDN”) to NFP Property & Casualty Services, Inc. (“NFP”), a subsidiary of NFP Corp. and leading property and casualty broker and benefits consultant. As part of the transaction, the SDN team joins NFP, including President William E. Gallagher.

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