Welcome to our dedicated page for Financial Instns news (Ticker: FISI), a resource for investors and traders seeking the latest updates and insights on Financial Instns stock.
Financial Institutions Inc (FISI), through its Five Star Bank and Courier Capital, LLC subsidiaries, provides essential community banking and wealth management services across multiple markets. This dedicated news hub offers investors and stakeholders immediate access to official updates and strategic developments.
Our curated collection features verified press releases spanning earnings reports, leadership changes, regulatory filings, and service expansions. Users can track comprehensive financial updates including commercial lending initiatives, investment management strategies, and community banking programs.
The repository systematically organizes critical information categories: quarterly financial disclosures, merger/acquisition activity, executive appointments, product/service innovations, and compliance updates. Each entry maintains FISI's commitment to transparency in financial services operations.
Bookmark this page for streamlined monitoring of FISI's evolving market position. Regular updates ensure continuous access to material developments affecting the company's community banking focus and wealth management offerings.
Financial Institutions, Inc. (NASDAQ:FISI) reported third-quarter 2022 net income of $13.9 million, down from $17.2 million in Q3 2021. Net income available to common shareholders was $13.5 million ($0.88 per diluted share), lower than $16.8 million ($1.05) a year prior. The company recorded a $4.3 million provision for credit losses, contrasting with a $541 thousand benefit last year. Total loans reached $3.87 billion, a 5.8% increase year-over-year. Net interest income rose 12.5% to $43.1 million, driven by loan growth and margin expansion to 3.28%. Noninterest income increased by 4.7% to $12.7 million, while noninterest expenses were $32.8 million.
Financial Institutions, Inc. (NASDAQ:FISI) announced that it will release its third-quarter results on October 27, 2022, after market close. Following this, management will host an earnings conference call on October 28, 2022, at 8:30 a.m. ET. The call will be led by President and CEO Martin K. Birmingham and CFO W. Jack Plants II, with a webcast available for listeners. The company provides diversified financial services through Five Star Bank, SDN Insurance Agency, Courier Capital, and HNP Capital, employing approximately 650 individuals.
Financial Institutions, Inc. has appointed Bruce W. Harting as an independent member of its Board of Directors, effective immediately. Harting, a seasoned expert with extensive experience in investment banking and equity research, previously served at Rockefeller Capital Management and Deutsche Bank, among others. His addition increases the board to twelve members, emphasizing the company's commitment to board refreshment. Harting will bring valuable expertise to the Audit and Risk Oversight Committees as the company pursues its long-term growth strategy.
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.
Financial Institutions, Inc. (NASDAQ:FISI) reported second-quarter net income of $15.6 million, down from $20.2 million year-over-year. Earnings per share decreased to $0.99 from $1.25. Key factors include a $563 thousand provision for credit losses compared to a $4.6 million benefit last year, and a 2.4 million rise in salaries due to staff investments and increased compensation. The company also declared a $0.29 dividend per share, consistent with the previous quarter and a 7.4% increase year-over-year. Total assets reached $5.57 billion.
Financial Institutions, Inc. (NASDAQ:FISI) will announce its second-quarter financial results on July 28, 2022, after market close. The earnings conference call is scheduled for July 29, 2022, at 8:30 a.m. Eastern Time, hosted by CEO Martin K. Birmingham and CFO W. Jack Plants II. The call will be accessible via the company’s website or by phone. Financial Institutions, Inc. operates Five Star Bank, SDN Insurance Agency, Courier Capital, and HNP Capital, providing diverse financial services across New York State and beyond. More information is available at www.fiiwarsaw.com.
Financial Institutions, Inc. (NASDAQ:FISI) announced a stock repurchase program for up to 766,447 shares, representing approximately 5% of its outstanding shares. This initiative allows for repurchases in open market transactions under SEC Rule 10b5-1, depending on various factors such as market conditions and corporate requirements. The program provides flexibility, with no obligation to purchase shares and the potential for modification or discontinuation.
Five Star Bank, a subsidiary of Financial Institutions, Inc. (NASDAQ:FISI), has joined the newly launched Banking-as-a-Service (BaaS) Association as a founding member. The association, formed by Bankers Helping Bankers, aims to promote and support BaaS while coordinating legislative advocacy and best practices. Five Star Bank's EVP, Sean Willett, emphasized the importance of fintech partnerships for community banks. The growing BaaS sector offers banks profitable innovation opportunities, but it also requires compliance and operational capabilities.
Financial Institutions, Inc. (NASDAQ:FISI) has declared a quarterly cash dividend of $0.29 per common share, alongside dividends of $0.75 for Series A preferred stock and $2.12 for Series B-1 preferred stock. The dividends are payable on July 5, 2022, to shareholders on record as of June 17, 2022. This announcement reflects the company's ongoing commitment to providing returns to its shareholders while engaging in diversified financial services through its subsidiaries, including Five Star Bank.
Financial Institutions, Inc. (NASDAQ:FISI) reported first-quarter 2022 net income of $15 million, down from $20.7 million in Q1 2021, with net income available to common shareholders at $14.6 million or $0.93 per share. A $2.3 million credit loss provision contrasted with a $2 million benefit in 2021. Revenue from PPP loans decreased by $2.5 million. Total loans increased by 1.5% quarter-over-quarter, while deposits rose by $175.8 million. The Board declared a quarterly dividend of $0.29 per share, up 7.4%. The equity ratio declined to 7.63% largely due to unrealized losses in securities.
FAQ
What is the current stock price of Financial Instns (FISI)?
What is the market cap of Financial Instns (FISI)?
