FINANCIAL INSTITUTIONS INC

Listed Company

FISICIK 0000862831NasdaqAcceleratedNational Commercial BanksNew YorkFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$74.87M

Total Assets

$6.27B

Equity

$628.85M

Shares Out

19.69M

Op. Cash Flow

$18.80M

FISI$39.36+44.55% · past yearDBEQ Basic

Daily closing prices

Business

Financial Institutions Inc is a bank holding company organized in 1931 that operates Five Star Bank, a community bank providing deposit, loan and wealth management services to consumer, commercial and municipal customers across Western and Central New York and select Mid-Atlantic markets. The company also owns Courier Capital LLC, an SEC-registered investment adviser offering customized investment management and retirement plan services to individuals, businesses, institutions and foundations. The company operates 48 full-service banking offices throughout New York State and maintains loan production offices in Maryland and Syracuse.

Summary from 10-K filed 2026-03-09

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	284	282	259	171	148
Interest and dividends on investment securities	47	25	24	25	19
Other interest income	2	6	4	747,000	216,000
Total interest income	333	313	286	196	167
Deposits	124	140	107	23	8
Short-term borrowings	2	3	7	2	120,000
Long-term borrowings	7	6	6	4	4
Total interest expense	133	150	120	29	—
Net interest income	200	164	166	167	155
Provision for credit losses	12	6	14	13	—
Net interest income after provision for credit losses	188	157	152	154	163
Service charges on deposits	4	4	5	6	6
Insurance income	11,000	2	7	6	6
Card Interchange Income	8	8	8	8	8
Investment advisory income	12	11	11	11	12
Company owned life insurance	11	5	12	6	3
Investments in limited partnerships	1	2	2	1	2
Loan servicing	692,000	716,000	479,000	507,000	415,000
Income from derivative instruments, net	3	726,000	1	2	3
Net gain on sale of loans held for sale	737,000	618,000	566,000	1	3
Net gain (loss) on investment securities	931,000	−100	−4	−15,000	71,000
Net (loss) gain on other assets	−506,000	14	−6,000	−16,000	441,000
Net loss on tax credit investments	−2	−775,000	−252,000	−815,000	−431,000
Other	6	6	5	5	4
Total noninterest income (loss)	45	−47	48	46	47
Salaries and employee benefits	73	66	72	70	61
Occupancy and equipment	15	14	15	15	14
Professional services	7	8	5	6	7
Computer and data processing	23	23	20	18	14
Supplies and postage	2	2	2	2	2
FDIC assessments	5	5	5	2	3
Advertising and promotions	2	2	2	2	2
Amortization of intangibles	415,000	552,000	910,000	986,000	1
Provision for litigation settlement	0	23	0	0	—
Deposit-related charged-off items	160,000	20	1	789,000	—
Other	15	15	14	12	10
Total noninterest expense	142	179	137	129	113
Income (loss) before income taxes	91	−68	63	71	97
Income tax expense (benefit)	16	−27	13	14	20
Net income (loss)	75	−42	50	57	78
Preferred stock dividends	1	1	1	1	1
Net income (loss) available to common shareholders	73	−43	49	55	76
Basic (per share)	3.65	−2.75	3.17	3.58	4.81
Diluted (per share)	3.61	−2.75	3.15	3.56	4.78
Cash dividends declared per common share	1.24	1.2	1.2	1.16	1.08
Basic (shares)	20	16	15	15	16
Diluted (shares)	20	16	15	15	16

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	57	55	71	130	79
Interest-bearing deposits in banks	52	32	53	—	—
Total cash and cash equivalents	109	87	124	—	—
Securities available for sale, at fair value (amortized cost of $958,142 and $972,720, respectively)	922	911	888	954	1,179
Securities held to maturity, at amortized cost (net of allowance for credit losses of $2) (fair value of $76,256 and $104,556, respectively)	85	116	148	189	206
Loans held for sale	3	2	1	550,000	6
Loans (net of allowance for credit losses of $47,386 and $48,041, respectively)	4,610	4,431	4,411	—	—
Company owned life insurance	176	167	161	139	124
Premises and equipment, net	40	40	40	42	40
Goodwill	58	58	67	—	—
Other intangible assets, net	2	3	—	—	—
Other assets	268	302	314	263	173
Total assets	6,274	6,117	6,161	5,797	5,521
Noninterest-bearing demand	963	950	1,011	1,139	1,108
Interest-bearing demand	672	705	713	864	865
Savings and money market	1,885	1,904	2,084	1,644	1,933
Time deposits	1,687	1,545	1,405	1,283	922
Total deposits	5,206	5,105	5,213	4,929	4,827
Short-term borrowings	109	99	185	205	30
Long-term borrowings, net of issuance costs of $1,347 and $158, respectively	194	125	125	74	74
Other liabilities	136	220	184	183	85
Total liabilities	5,645	5,548	5,706	5,392	5,016
Commitments and contingencies (Note 12)	—	—	—	—	—
Total preferred equity	17	17	17	17	17
Common stock, $0.01 par value; 50,000,000 shares authorized; 20,699,556 shares issued	207,000	207,000	161,000	161,000	161,000
Additional paid-in capital	234	233	126	127	126
Retained earnings	437	389	452	421	384
Accumulated other comprehensive loss	−33	−53	−120	−137	−13
Treasury stock, at cost; 902,149 and 622,984 shares, respectively	−27	−18	−20	−22	−9
Total shareholders equity	629	569	455	406	505
Total liabilities and shareholders equity	6,274	6,117	6,161	5,797	5,521

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	75	−42	50	57	78
Depreciation and amortization	8	8	8	8	8
Net amortization of (discounts) premiums on investment securities	−6	2	3	5	5
Provision for credit losses	12	6	14	13	—
Share-based compensation	3	2	2	3	2
Deferred income tax expense (benefit)	12	−35	−1	−4	5
Proceeds from sale of loans held for sale	46	34	19	32	81
Originations of loans held for sale	−46	−35	−20	−25	−80
Net gain on sale of assets of subsidiary	0	−14	0	0	—
Net loss on other assets	506,000	44,000	6,000	16,000	—
Decrease (increase) in other assets	13	21	−56	−30	−9
(Decrease) increase in other liabilities	−84	13	372,000	81	−3
Net cash provided by operating activities	19	77	11	134	73
Purchases of available for sale securities	−324	−903	−51	−75	−784
Purchases of held to maturity securities	−4	−3	−3	−39	−18
Proceeds from principal payments, maturities and calls on available for sale securities	185	260	83	123	151
Proceeds from principal payments, maturities and calls on held to maturity securities	35	35	44	54	84
Proceeds from sales of securities available for sale	161	606	51	6	52
Net increase in loans	−190	−26	−420	−376	−90
Purchase of company owned life insurance, net of benefits received	−72	−30,000	−54	—	—
Proceeds from surrender of company owned life insurance	74	0	44	26	0
Proceeds from sale of assets of subsidiary	0	27	0	0	—
Proceeds from sale of other assets	97,000	0	0	—	—
Purchases of premises and equipment	−6	−5	−3	−8	−9
Net cash used in investing activities	−140	−8	−310	−325	−633
Net increase (decrease) in deposits	102	−108	283	102	549
More than three months - borrowings	0	0	78	—	—
'More than three months - repayments	0	−78	0	—	—
'Three months or less, net	10	−8	−98	—	—
Repurchase of preferred stock	0	−7,000	0	0	−43,000
Proceeds from issuance of common stock	0	109	0	0	—
Issuance of long-term borrowings	80	0	50	0	0
Payment of long-term borrowings	−10	0	0	—	—
Long-term borrowing issuance costs	−1	0	0	0	0
Purchases of common stock for treasury	−11	−426,000	−571,000	−15	−9
Cash dividends paid to preferred shareholders	−1	−1	−1	−1	−1
Cash dividends paid to common shareholders	−25	−19	−18	−18	−17
Net cash provided by (used in) financing activities	143	−106	293	243	546
Net increase (decrease) in cash and cash equivalents	21	−37	−6	51	−15

Filings

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Frequently asked questions

What is FINANCIAL INSTITUTIONS INC's CIK number?

FINANCIAL INSTITUTIONS INC's SEC CIK number is 0000862831 (862831). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find FINANCIAL INSTITUTIONS INC's SEC filings?

All of FINANCIAL INSTITUTIONS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did FINANCIAL INSTITUTIONS INC last report earnings?

FINANCIAL INSTITUTIONS INC (FISI) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-173676). This is FINANCIAL INSTITUTIONS INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is FINANCIAL INSTITUTIONS INC's most recent earnings 8-K?

FINANCIAL INSTITUTIONS INC's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001193125-26-173676. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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