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 |
|---|---|---|---|
| 2/3/2025 | $29.00 → $34.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 12/20/2024 | $33.00 | Overweight | Piper Sandler |
| 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 |
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)
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WARSAW, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), the parent company of Five Star Bank (the "Bank") and Courier Capital, LLC, today announced the appointment of Angela J. Panzarella as a new independent member of the Boards of Directors of both the Company and the Bank, on January 22, 2025. Ms. Panzarella brings extensive business and nonprofit leadership experience, including as CEO of the YWCA of Rochester and Monroe County from 2018 to 2020 and through her 20-year tenure with Bausch + Lomb, as well as prior public company board experience. During her eight years of board service to publicly-traded Transcat, Inc., a Rochester-bas
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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5 - 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)
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SCHEDULE 13G/A - FINANCIAL INSTITUTIONS INC (0000862831) (Subject)
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8-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
SCHEDULE 13G/A - FINANCIAL INSTITUTIONS INC (0000862831) (Subject)
8-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
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EFFECT - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
WARSAW, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), parent company of Five Star Bank and Courier Capital, LLC, announced that on February 12, 2025, its Board of Directors approved a quarterly cash dividend of $0.31 per outstanding common share, an increase of $0.01, or 3.3%, from the most recent quarter. "The increase in our quarterly cash dividend is reflective of both our Board's ongoing commitment to building shareholder value and its confidence in the Company's long-term sustainable growth strategy," said President and Chief Executive Officer Martin K. Birmingham. The $0.31 cash dividend represents an annualized yield of 4.4% ba
WARSAW, N.Y., Jan. 30, 2025 (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 fourth quarter and year ended December 31, 2024. These results reflect the Company's previously disclosed balance sheet restructuring plan, which was executed in December following its successful and oversubscribed underwritten public common stock offering. As part of the restructuring, the Bank sold $653.5 million of available-for-sale ("AFS") investment securities, which resulted in a pre-tax loss on the sale of securi
WARSAW, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), the parent company of Five Star Bank (the "Bank") and Courier Capital, LLC, today announced the appointment of Angela J. Panzarella as a new independent member of the Boards of Directors of both the Company and the Bank, on January 22, 2025. Ms. Panzarella brings extensive business and nonprofit leadership experience, including as CEO of the YWCA of Rochester and Monroe County from 2018 to 2020 and through her 20-year tenure with Bausch + Lomb, as well as prior public company board experience. During her eight years of board service to publicly-traded Transcat, Inc., a Rochester-bas
WARSAW, N.Y., Jan. 02, 2025 (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 fourth quarter and full year ending December 31, 2024 after the market closes on January 30, 2025. Management will host an earnings conference call and audio webcast on January 31, 2025 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. Within the United States, listeners may access the call by dialing 1-833-470-1428 and providing the access code 393817. The live webca
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 pric
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. The Company intends to use the net proceeds from this offering for general corporate purposes which may include a balance sheet restructuring through the repositioning of a substantial portion of our available-for-sale debt securities portfolio to support continued growth as well as the repayment of indebtedness. K
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. 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, 2025, to shareholders of record on December 13, 2024. About Financial Institutions, Inc.Financial Institutions, Inc. (NASDAQ:FISI) is an innovative financial holding company with approximately $6.2 billion in assets o
WARSAW, N.Y., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI), parent company of Five Star Bank ("Five Star" or the "Bank") and Courier Capital, LLC, announced that Christopher Campise has joined as Senior Vice President, Chief Information Officer of the Bank. In this role, Mr. Campise will lead the development and implementation of the Bank's technology strategies, systems, and processes, while further enhancing the information technology infrastructure to support the organization's long-term objectives. Mr. Campise will report to W. Jack Plants II, Executive Vice President, Chief Financial Officer and Treasurer. "Chris brings tremendous experience to Five S
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. Net income was $13.5 million in the third quarter of 2024, compared to $25.6 million in the second quarter of 2024 and $14.0 million in the third quarter of 2023. After preferred dividends, net income available to common shareholders was $13.1 million, or $0.84 per diluted share, in the third quarter of 2024, compared to $25.3 million, or $1.62 per diluted share, in the second quarte
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. Management will host an earnings conference call and audio webcast on October 25, 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 a
Keefe Bruyette upgraded Financial Inst. from Mkt Perform to Outperform and set a new price target of $34.00 from $29.00 previously
Piper Sandler initiated coverage of Financial Inst. with a rating of Overweight and set a new price target of $33.00
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
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WARSAW, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), parent company of Five Star Bank and Courier Capital, LLC, announced that on February 12, 2025, its Board of Directors approved a quarterly cash dividend of $0.31 per outstanding common share, an increase of $0.01, or 3.3%, from the most recent quarter. "The increase in our quarterly cash dividend is reflective of both our Board's ongoing commitment to building shareholder value and its confidence in the Company's long-term sustainable growth strategy," said President and Chief Executive Officer Martin K. Birmingham. The $0.31 cash dividend represents an annualized yield of 4.4% ba
WARSAW, N.Y., Jan. 02, 2025 (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 fourth quarter and full year ending December 31, 2024 after the market closes on January 30, 2025. Management will host an earnings conference call and audio webcast on January 31, 2025 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. Within the United States, listeners may access the call by dialing 1-833-470-1428 and providing the access code 393817. The live webca
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. 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, 2025, to shareholders of record on December 13, 2024. About Financial Institutions, Inc.Financial Institutions, Inc. (NASDAQ:FISI) is an innovative financial holding company with approximately $6.2 billion in assets o
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. Net income was $13.5 million in the third quarter of 2024, compared to $25.6 million in the second quarter of 2024 and $14.0 million in the third quarter of 2023. After preferred dividends, net income available to common shareholders was $13.1 million, or $0.84 per diluted share, in the third quarter of 2024, compared to $25.3 million, or $1.62 per diluted share, in the second quarte
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. Management will host an earnings conference call and audio webcast on October 25, 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 a
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