Financial Institutions, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Financial Institutions, Inc. (NASDAQ:FISI) has declared a quarterly cash dividend of $0.29 per common share, payable on October 3, 2022, to shareholders of record on September 16, 2022. Additionally, the Company announced preferred stock dividends of $0.75 per share for Series A and $2.12 for Series B-1. Financial Institutions, Inc. operates through its subsidiaries, offering diverse financial services including banking and investment management, employing around 650 individuals across New York State and beyond.

Positive

• Quarterly cash dividend of $0.29 per common share indicates strong cash flow.
• Preferred stock dividends of $0.75 (Series A) and $2.12 (Series B-1) demonstrate commitment to shareholder returns.

Negative

• None.

News Market Reaction – FISI

-0.85%

-0.85% Session move

In the trading session that priced this news, FISI declined 0.85%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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WARSAW, N.Y., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the “Company”), parent company of Five Star Bank, SDN Insurance Agency, LLC (“SDN”), Courier Capital, LLC (“Courier Capital”) and HNP Capital, LLC (“HNP Capital”), announced today that its Board of Directors has approved a quarterly cash dividend of $0.29 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 3, 2022, to shareholders of record on September 16, 2022.

About Financial Institutions, Inc.
Financial Institutions, Inc. provides diversified financial services through its subsidiaries Five Star Bank, SDN, Courier Capital and HNP Capital. Five Star Bank provides a wide range of consumer and commercial banking and lending services to individuals, municipalities and businesses through a network of more than 45 offices throughout Western and Central New York State and a commercial loan production office in Ellicott City (Baltimore), Maryland. SDN provides a broad range of insurance services to personal and business clients. Courier Capital and HNP Capital provide customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Financial Institutions, Inc. and its subsidiaries employ approximately 650 individuals. The Company’s stock is listed on the Nasdaq Global Select Market under the symbol FISI. Additional information is available at www.fiiwarsaw.com.

For additional information contact:

Kate Croft
(716) 817-5159
KLCroft@five-starbank.com