Financial Institutions, Inc. operates as a holding company for the Five Star Bank that provides banking and financial services to individuals, municipalities, and businesses. 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, 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 47 full-service banking offices in Allegany, Cattaraugus, Cayuga, Chautauqua, Chemung, Erie, Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Steuben, Wyoming, and Yates, New York. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.
IPO Year: 1999
Exchange: NASDAQ
Website: fiiwarsaw.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/25/2024 | $23.00 → $19.00 | Overweight → Neutral | Piper Sandler |
7/13/2023 | $20.00 | Equal-Weight | Stephens |
10/31/2022 | $33.00 → $29.00 | Outperform → Market Perform | Hovde Group |
SC 13G/A - FINANCIAL INSTITUTIONS INC (0000862831) (Subject)
SC 13G/A - FINANCIAL INSTITUTIONS INC (0000862831) (Subject)
SC 13G/A - FINANCIAL INSTITUTIONS INC (0000862831) (Subject)
SC 13G/A - FINANCIAL INSTITUTIONS INC (0000862831) (Subject)
WARSAW, N.Y., Aug. 19, 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. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable October 2, 2024, to shareholders of record on September 13, 2024. About Financial Institutions, Inc.Financial Institutions, Inc. (NASDAQ:FISI) is an innovative financial holding company with approximately $6.1 billion in assets
WARSAW, N.Y., July 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 second quarter ended June 30, 2024. Net income was $25.6 million in the second quarter of 2024, compared to $2.1 million in the first quarter of 2024 and $14.4 million in the second quarter of 2023. After preferred dividends, net income available to common shareholders was $25.3 million, or $1.62 per diluted share, in the second quarter of 2024, compared to $1.7 million, or $0.11 per diluted share, in the first quarter of
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. Management will host an earnings conference call and audio webcast on July 26, 2024 at 8:30 a.m. Eastern Time. The call will be hosted by Martin K. Birmingham, President and Chief Executive Officer, and W. Jack Plants II, Chief Financial Officer and Treasurer. The live webcast will be available in listen-only mode on the Company's website at www.FISI-Investors.com. Within the United States, listeners may also access
WARSAW, N.Y., May 22, 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. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable July 2, 2024, to shareholders of record on June 14, 2024. About Financial Institutions, Inc.Financial Institutions, Inc. (NASDAQ:FISI) is an innovative financial holding company with approximately $6.3 billion in assets offering
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. Net income was $2.1 million in the first quarter of 2024, compared to $9.8 million in the fourth quarter of 2023 and $12.1 million in the first quarter of 2023. After preferred dividends, net income available to common shareholders was $1.7 million, or $0.11 per diluted share, in the first quarter of 2024, compared to $9.4 million, or $0.61 per diluted share, in the fourth quarter of
$27.0 million all cash transaction, representing ~4.0x 2023 insurance income, supports Financial Institutions, Inc.'s earnings and capital position and allows for reinvestment to support its core banking franchiseTransaction eliminates $11.3 million of goodwill and other intangible assets and has 43 basis point positive impact on pro forma year-end 2023 common equity tier 1 capital ratio 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 as
WARSAW, N.Y., March 25, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), the parent company of Five Star Bank, SDN Insurance Agency, LLC, and Courier Capital, LLC, will release results for the first quarter ending March 31, 2024 after the market closes on April 25, 2024. Management will host an earnings conference call and audio webcast on April 26, 2024 at 8:30 a.m. Eastern Time. The call will be hosted by Martin K. Birmingham, President and Chief Executive Officer, and W. Jack Plants II, Chief Financial Officer and Treasurer. The live webcast will be available in listen-only mode on the Company's website at www.FISI-Investors.com. Within the United St
WARSAW, N.Y., March 14, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), the parent company of Five Star Bank (the "Bank"), SDN Insurance Agency, LLC and Courier Capital, LLC, today announced that Wednesday, June 5, has been established as the date of its 2024 Annual Meeting of Shareholders. The meeting will be held in a virtual format only, via live webcast, beginning at 10:00 am Eastern Time. The record date for voting at the Annual Meeting will be April 10, 2024. Further details regarding the Annual Meeting, including how to participate, will be included in the Financial Institutions, Inc. Proxy Statement and Notice of Annual Meeting of Shareholders,
WARSAW, N.Y., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), parent company of Five Star Bank, SDN Insurance Agency, LLC, and Courier Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable April 2, 2024, to shareholders of record on March 15, 2024. About Financial Institutions, Inc.Financial Institutions, Inc. (NASDAQ:FISI) is an innovative financial holding company with approximately $
Initiative aims to close the care gap through a network of telemedicine stations, conveniently located at local Five Star Bank branches The University of Rochester Medical Center today announced a first-of-its-kind initiative to improve health care access and wellness outcomes in rural communities in Upstate New York through the distribution of telehealth stations conveniently located at local bank branches. Woven into the fabric of rural towns, banks offer the ideal physical location to bridge the geographic divide between patients and providers, offering a vital touchpoint to reach an underserved population. To deliver care in a new way, the URMC initiative unites multiple partners,
WARSAW, N.Y., Aug. 19, 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. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable October 2, 2024, to shareholders of record on September 13, 2024. About Financial Institutions, Inc.Financial Institutions, Inc. (NASDAQ:FISI) is an innovative financial holding company with approximately $6.1 billion in assets
WARSAW, N.Y., July 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 second quarter ended June 30, 2024. Net income was $25.6 million in the second quarter of 2024, compared to $2.1 million in the first quarter of 2024 and $14.4 million in the second quarter of 2023. After preferred dividends, net income available to common shareholders was $25.3 million, or $1.62 per diluted share, in the second quarter of 2024, compared to $1.7 million, or $0.11 per diluted share, in the first quarter of
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. Management will host an earnings conference call and audio webcast on July 26, 2024 at 8:30 a.m. Eastern Time. The call will be hosted by Martin K. Birmingham, President and Chief Executive Officer, and W. Jack Plants II, Chief Financial Officer and Treasurer. The live webcast will be available in listen-only mode on the Company's website at www.FISI-Investors.com. Within the United States, listeners may also access
WARSAW, N.Y., May 22, 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. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable July 2, 2024, to shareholders of record on June 14, 2024. About Financial Institutions, Inc.Financial Institutions, Inc. (NASDAQ:FISI) is an innovative financial holding company with approximately $6.3 billion in assets offering
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. Net income was $2.1 million in the first quarter of 2024, compared to $9.8 million in the fourth quarter of 2023 and $12.1 million in the first quarter of 2023. After preferred dividends, net income available to common shareholders was $1.7 million, or $0.11 per diluted share, in the first quarter of 2024, compared to $9.4 million, or $0.61 per diluted share, in the fourth quarter of
WARSAW, N.Y., March 25, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), the parent company of Five Star Bank, SDN Insurance Agency, LLC, and Courier Capital, LLC, will release results for the first quarter ending March 31, 2024 after the market closes on April 25, 2024. Management will host an earnings conference call and audio webcast on April 26, 2024 at 8:30 a.m. Eastern Time. The call will be hosted by Martin K. Birmingham, President and Chief Executive Officer, and W. Jack Plants II, Chief Financial Officer and Treasurer. The live webcast will be available in listen-only mode on the Company's website at www.FISI-Investors.com. Within the United St
WARSAW, N.Y., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), parent company of Five Star Bank, SDN Insurance Agency, LLC, and Courier Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable April 2, 2024, to shareholders of record on March 15, 2024. About Financial Institutions, Inc.Financial Institutions, Inc. (NASDAQ:FISI) is an innovative financial holding company with approximately $
WARSAW, N.Y., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company," "we" or "us"), parent company of Five Star Bank (the "Bank"), SDN Insurance Agency, LLC ("SDN") and Courier Capital, LLC ("Courier Capital"), today reported financial and operational results for the fourth quarter and year ended December 31, 2023. Net income was $9.8 million in the fourth quarter of 2023, compared to $14.0 million in the third quarter of 2023 and $12.1 million in the fourth quarter of 2022. After preferred dividends, net income available to common shareholders was $9.4 million, or $0.61 per diluted share, in the fourth quarter of 2023, compared to $13.7 million, or $
WARSAW, N.Y., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), the parent company of Five Star Bank, SDN Insurance Agency, LLC, and Courier Capital, LLC, will release results for the fourth quarter and full year ended December 31, 2023 after the market closes on January 25, 2024. Management will host an earnings conference call and audio webcast on January 26, 2024 at 8:30 a.m. Eastern Time. The call will be hosted by Martin K. Birmingham, President and Chief Executive Officer, and W. Jack Plants II, Chief Financial Officer and Treasurer. The live webcast will be available in listen-only mode on the Company's website at www.FISI-Investors.com
WARSAW, N.Y., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), parent company of Five Star Bank, SDN Insurance Agency, LLC, and Courier Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable January 2, 2024, to shareholders of record on December 14, 2023. About Financial Institutions, Inc.Financial Institutions, Inc. (NASDAQ:FISI) is an innovative financial holding company with approximat
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. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector. Hanmi Financial Corporation (NASDAQ:HAFC) Dividend Yield: 5.76% Wedbush analyst David Chiaverini reiterated a Neutral rating with
Financial Institutions (NASDAQ:FISI) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $(0.02) by 650 percent. This is a 85.53 percent decrease over earnings of $0.76 per share from the same period last year. The company reported quarterly sales of $40.082 million which beat the analyst consensus estimate of $39.518 million by 1.43 percent. This is a 4.14 percent decrease over sales of $41.815 million the same period last year.
Keefe, Bruyette & Woods analyst Damon Delmonte maintains Financial Institutions (NASDAQ:FISI) with a Market Perform and lowers the price target from $23 to $20.
Keefe, Bruyette & Woods analyst Damon Delmonte maintains Financial Institutions (NASDAQ:FISI) with a Market Perform and maintains $23 price target.
Piper Sandler analyst Alexander Twerdahl downgrades Financial Institutions (NASDAQ:FISI) from Overweight to Neutral and lowers the price target from $23 to $19.
-SEC Filing
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8-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
10-Q - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
8-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
8-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
11-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
8-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
8-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
8-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
10-Q - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
8-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
ROCHESTER, N.Y., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI), parent company of Five Star Bank ("Five Star" or the "Bank"), SDN Insurance Agency, LLC, and Courier Capital, LLC announced that Blake Jones has joined as Senior Vice President, Chief Marketing Officer of the Bank. In this role, Ms. Jones will support development of the strategic framework and long-term vision for the Bank. She will lead both marketing and analytics on an enterprise-wide basis, focusing on strategy, brand and performance marketing, and audience insights. Ms. Jones will report to Justin K. Bigham, Executive Vice President, Chief Community Banking Officer. "As Five Star Bank gro
WARSAW, N.Y., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company" or "we"), parent company of Five Star Bank (the "Bank"), SDN Insurance Agency, LLC, Courier Capital, LLC and HNP Capital, LLC, today announced the appointment of Bruce W. Harting as a new independent member of its Board of Directors, effective immediately. Mr. Harting, who most recently served as Team Chief Investment Officer, Private Wealth Advisor at Rockefeller Capital Management, has dedicated decades of service to his investment banking and equity research clients through many economic cycles during his career. "We are very pleased to welcome Bruce Harting to the Boards of Direc
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4 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
4 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
4 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
4 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
4 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
4 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
4 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
Piper Sandler downgraded Financial Inst. from Overweight to Neutral and set a new price target of $19.00 from $23.00 previously
Stephens initiated coverage of Financial Inst. with a rating of Equal-Weight and set a new price target of $20.00
Hovde Group downgraded Financial Inst. from Outperform to Market Perform and set a new price target of $29.00 from $33.00 previously