Last $23.71 USD
Change Today -0.74 / -3.03%
Volume 19.6K
FISI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 1:00 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

financial institutions inc (FISI) Snapshot

Open
$24.39
Previous Close
$24.45
Day High
$25.45
Day Low
$23.70
52 Week High
10/31/14 - $26.62
52 Week Low
02/4/14 - $19.72
Market Cap
334.3M
Average Volume 10 Days
33.1K
EPS TTM
$1.90
Shares Outstanding
14.1M
EX-Date
12/10/14
P/E TM
12.4x
Dividend
$0.80
Dividend Yield
3.21%
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 one-to-four family residential mortgage loans collateralized by owner-occupied properties. 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 insurance and investment products, including stocks, bonds, mutual funds, annuities, and managed accounts through Five Star Investment Services program; and brokerage and investment advisory services. It has strategic partnership with LPL Financial. As of May 21, 2014, the company offered its products and services through a network of approximately 50 offices in Western and Central 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: $335.9K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $199.4K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $275.0K
Executive Vice President, Commercial Banking ...
Total Annual Compensation: $191.7K
Chief Information Officer, Executive Vice Pre...
Total Annual Compensation: $169.9K
Compensation as of Fiscal Year 2013.

financial institutions inc (FISI) Key Developments

Financial Institutions, Inc. Approves Dividends on Common Share and Preferred Stock, Payable on January 2, 2015

Financial Institutions Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.20 per outstanding common share, which represents a 5% increase from the most recent quarterly cash dividend. 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 on January 2, 2015 to shareholders of record as of December 12, 2014.

Financial Institutions Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

Financial Institutions Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.

Financial Institutions Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Financial Institutions Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of USD 23,258,000 compared with USD 22,803,000 for the same period last year. Income before income taxes was USD 10,549,000 compared with USD 9,193,000 for the same period last year. Net income available to common shareholders was USD 6,818,000 or USD 0.49 basic and diluted per share compared with USD 5,799,000 or USD 0.42 basic and diluted per share for the same period last year. Return on average assets was 0.95% against 0.88% a year ago. Return on average equity was 10.41% against 9.93% a year ago. Return on average common equity was 10.55% against 10.05% a year ago. Return on average tangible common equity was 13.73% against 12.88% a year ago. Interest income was USD 25,129,000 compared with USD 24,623,000 for the same period last year. Net interest income, after provision for loan losses was USD 21,243,000 compared with USD 20,033,000 for the same period last year. For the nine months, the company reported net interest income of USD 69,636,000 compared with USD 68,214,000 for the same period last year. Income before income taxes was USD 30,976,000 compared with USD 28,585,000 for the same period last year. Net income available to common shareholders was USD 20,338,000 or USD 1.46 diluted per share compared with USD 18,063,000 or USD 1.31 diluted per share for the same period last year. Return on average assets was 0.96% against 0.92% a year ago. Return on average equity was 10.70% against 10.13% a year ago. Return on average common equity was 10.85% against 10.25% a year ago. Return on average tangible common equity was 13.77% against 13.03% a year ago. Interest income was USD 75,071,000 compared with USD 73,713,000 for the same period last year. Net interest income, after provision for loan losses was USD 63,757,000 compared with USD 61,542,000 for the same period last year. Common book value per common share was USD 18.48 as on September 30, 2014 against USD 16.69 as on September 30, 2013. Tangible book value per common share was USD 13.59 as on September 30, 2014 against USD 13.06 as on September 30, 2013.

 

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FISI:US $23.71 USD -0.74

FISI Competitors

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First Community Bancshares Inc/VA $15.46 USD -0.26
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Independent Bank Corp/MI $12.15 USD -0.27
Peoples Bancorp Inc/OH $24.21 USD -0.76
Univest Corp of Pennsylvania $19.40 USD -0.47
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Industry Analysis

FISI

Industry Average

Valuation FISI Industry Range
Price/Earnings 12.9x
Price/Sales 3.1x
Price/Book 1.3x
Price/Cash Flow 12.4x
TEV/Sales 0.2x
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