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) 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.
Financial Institutions, Inc. (NASDAQ:FISI) is set to release its first-quarter financial results for the period ending March 31, 2022, after market close on April 27, 2022. An earnings conference call will be held on April 28, 2022, at 8:30 a.m. ET, led by CEO Martin K. Birmingham and CFO W. Jack Plants II. The call will be available via audio webcast on the company's website. Financial Institutions, Inc. operates through its subsidiaries, including Five Star Bank, SDN Insurance Agency, Courier Capital, and HNP Capital, providing a range of banking, insurance, and investment services.
Financial Institutions, Inc. (NASDAQ:FISI) has scheduled its 2022 Annual Meeting of Shareholders for June 14, 2022, at 10:00 am ET, to be conducted virtually. The record date for voting is April 19, 2022. Proxy details will be available by April 27, 2022, filed with the SEC. The company operates through Five Star Bank, SDN Insurance Agency, Courier Capital, and HNP Capital, employing around 600 individuals across multiple financial services sectors throughout New York State and Maryland.
Five Star Bank, a subsidiary of Financial Institutions, Inc. (NASDAQ:FISI), announced the formation of a new commercial real estate lending team in Baltimore and Washington, D.C. John G. Mangan has been appointed as Senior Vice President and Mid-Atlantic President to lead this initiative, bringing over 15 years of experience. The new team includes three experienced Commercial Real Estate Relationship Managers from Howard Bank. This strategic move aims to expand Five Star Bank's commercial lending operations in a competitive market, leveraging the growing opportunities in community banking.
Financial Institutions, Inc. (NASDAQ:FISI) reported a quarterly cash dividend of $0.29 per share, marking a 7.4% increase from the previous quarter and the 12th consecutive annual dividend increase. The dividends will be payable on April 4, 2022, to shareholders on record by March 18, 2022. Additionally, the company declared dividends of $0.75 per share on Series A preferred stock and $2.12 on Series B-1 preferred stock. This decision reflects the Board's confidence in the company's strategy and performance amidst strong earnings in 2021.
Financial Institutions, Inc. (NASDAQ:FISI) reported Q4 and 2021 results showing strong growth. Q4 net income rose to $19.6 million, up from $13.8 million in 2020, translating to $1.21 per diluted share versus $0.84. Annual net income reached $77.7 million compared to $38.3 million in 2020, driven by reduced credit loss provisions and tax benefits. Net interest income for Q4 was $40.9 million, with a margin of 3.15%, while total loans grew by 2.5% quarterly. The company also repurchased 102,000 shares at an average price of $31.45. Overall, the results reflect robust economic recovery and effective management strategies.
Five Star Bank, a subsidiary of Financial Institutions (NASDAQ:FISI), has partnered with NYDIG to offer secure bitcoin transactions. This initiative makes Five Star Bank one of the first U.S. banks to enable clients to buy, sell, and hold bitcoin through its mobile app and online platform. The service is expected to roll out by the end of Q2 2022. NYDIG's platform ensures regulatory compliance, enhancing customer experience and expanding the bank's digital services. The move aims to meet growing customer interest in cryptocurrency and potentially attract new clients.
Financial Institutions, Inc. (NASDAQ:FISI) will announce its fourth quarter and full year results for 2021 on January 31, 2022, after market close. An earnings conference call is scheduled for February 1, 2022, at 8:30 a.m. Eastern Time, featuring President Martin K. Birmingham and CFO W. Jack Plants II. The call will be accessible via a live webcast on the company's website. Financial Institutions, Inc. offers a diverse range of financial services through its subsidiaries, including banking, insurance, and investment management, employing around 600 people across New York State.
Financial Institutions, Inc. (NASDAQ:FISI) will participate in the Sidoti Virtual Micro Cap Conference on December 8-9, 2021. President and CEO Martin K. Birmingham will present on December 9 at 2:30 p.m. ET, joined by CFO W. Jack Plants II. The presentation is accessible live via the provided link. Additionally, the Company will host virtual one-on-ones with investors. Financial Institutions, Inc. offers diverse financial services through its subsidiaries, including banking, insurance, and investment management, employing around 600 staff across Western and Central New York.
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