Last $24.12 USD
Change Today +0.47 / 1.99%
Volume 15.9K
FISI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

financial institutions inc (FISI) Snapshot

Open
$23.53
Previous Close
$23.65
Day High
$24.30
Day Low
$23.11
52 Week High
12/26/13 - $26.59
52 Week Low
06/20/13 - $17.92
Market Cap
334.0M
Average Volume 10 Days
47.7K
EPS TTM
$1.75
Shares Outstanding
13.8M
EX-Date
03/11/14
P/E TM
13.8x
Dividend
$0.76
Dividend Yield
3.11%
Current Stock Chart for FINANCIAL INSTITUTIONS INC (FISI)

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financial institutions inc (FISI) Details

Financial Institutions, Inc. operates as the holding company for Five Star Bank that provides various banking and financial services to individuals, municipalities, and businesses. The company offers checking and savings account programs, including money market accounts, certificates of deposit, and sweep investment capabilities, as well as individual retirement accounts and other qualified plan accounts. It also provides short and medium-term commercial loans for businesses for working capital, business expansion, and purchase of equipment; commercial business loans to the agricultural industry for short-term crop production, farm equipment, and livestock financing; commercial mortgage loans to finance the purchase of real property; and residential mortgage loans collateralized by one-to-four family residential real estate. Its loan portfolio also consists of consumer loans, such as consumer automobile loans, recreational vehicle loans, boat loans, home improvement loans, closed-end home equity loans, home equity lines of credit, collateralized and uncollateralized personal loans, and deposit account collateralized loans. In addition, the company offers noninsured investment products and investment advisory services. As of April 15, 2013, it operated through a network of approximately 50 offices and approximately 60 ATMs in Central and Western New York. The company was founded in 1931 and is headquartered in Warsaw, New York.

608 Employees
Last Reported Date: 03/12/14
Founded in 1931

financial institutions inc (FISI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $241.1K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $247.8K
Chief Information Officer, Executive Vice Pre...
Total Annual Compensation: $169.9K
Compensation as of Fiscal Year 2012.

financial institutions inc (FISI) Key Developments

Financial Institutions Inc. Approves Quarterly Cash Dividend on Common Share and Preferred Stock, Payable on April 2, 2014

Financial Institutions Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.19 per outstanding common share. The company also announced dividends of $0.75 per share on Series A 3% preferred stock and $2.12 per share on series B-1 8.48% preferred stock. All dividends are payable April 2, 2014 to shareholders of record as of March 13, 2014.

Financial Institutions Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2013

Financial Institutions Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported that interest income was $25,218,000 compared to $25,087,000 a year ago. Net interest income was $23,380,000 compared to $23,088,000 a year ago. Net interest income after provision for loan losses was $20,973,000 compared to $20,568,000 a year ago. Income before income taxes was $9,322,000 compared to $9,310,000 a year ago. Net income was $6,367,000 compared to $6,332,000 a year ago. Net income available to common shareholders was $6,001,000 or $0.43 per diluted share compared to $5,963,000 or $0.43 per diluted share a year ago. Return on average assets was 0.88% compared to 0.95% a year ago. Return on average equity was 10.03% compared to 9.85% a year ago. Return on average common equity was 10.15% compared to 9.95% a year ago. Non-GAAP net operating income was $25,530,000 compared to $27,085,000 a year ago. The increase in net interest income resulted from a $72.5 million increase in average earning assets during the fourth quarter 2013, partially offset by a decrease in the net interest margin to 3.61% in the fourth quarter 2013 from 3.62% in the third quarter 2013. Non-GAAP net operating income available to common shareholders was $24,064,000 compared to $25,611,000 a year ago. For the year, the company reported that interest income was $98,931,000 compared to $97,567,000 a year ago. Net interest income was $91,534,000 compared to $88,516,000 a year ago. Net interest income after provision for loan losses was $82,515,000 compared to $81,388,000 a year ago. Income before income taxes was $37,907,000 compared to $37,768,000 a year ago. Net income was $25,530,000 compared to $23,449,000 a year ago. Net income available to common shareholders was $24,064,000 or $1.75 per basic and diluted share compared to $21,975,000 or $1.60 per basic and diluted share a year ago. Return on average assets was 0.91% compared to 0.93% a year ago. Return on average equity was 10.10% compared to 9.46% a year ago. Return on average common equity was 10.23% compared to 9.53% a year ago. Non-GAAP net operating income was $6,367,000 compared to $6,332,000 a year ago. Tangible book value was $13.56 per share compared to $13.49 per share a year ago. Common book value and tangible common book value were $17.17 per share and $13.56 per share, respectively, at year end compared to $16.69 per share and $13.06 per share, respectively, at September 30, 2013 and $17.15 per share and $13.49 per share, respectively, at December 31, 2012. Net loan charge-offs increased to $2.4 million in the fourth quarter of 2013 from $1.7 million in the third quarter 2013. The increase in net loan charge-offs in the fourth quarter 2013 was primarily related to the single commercial mortgage loan referenced above. The provision for loan losses was $2.4 million in the fourth quarter 2013, compared to $2.8 million in the third quarter 2013.

Financial Institutions Inc. to Report Q4, 2013 Results on Jan 29, 2014

Financial Institutions Inc. announced that they will report Q4, 2013 results on Jan 29, 2014

 

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FISI Competitors

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Bryn Mawr Bank Corp $27.73 USD 0.00
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Industry Analysis

FISI

Industry Average

Valuation FISI Industry Range
Price/Earnings 13.8x
Price/Sales 3.1x
Price/Book 1.4x
Price/Cash Flow 13.1x
TEV/Sales NM Not Meaningful
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