Financial Institutions Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.18 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 July 2, 2013 to shareholders of record as of June 13, 2013.

The board of directors of Financial Institutions Inc. appointed Sonia M. Dumbleton as Corporate Secretary of the company. Ms. Dumbleton succeeds John L. Rizzo, who has resigned his position as Corporate Secretary effective May 8, 2013. Mr. Rizzo will be retiring effective May 31, 2013. Ms. Dumbleton, 51, joined the company in 1984. She served the company in various roles, including Manager of Audit, Compliance & Best Practices, before assuming her current position as Controller in 2001.

Financial Institutions Inc. reported unaudited consolidated earnings results for the first quarter of 2013. For the quarter, the company reported interest income of $24,748,000 compared to $23,450,000 a year ago. Net interest income was $22,887,000 compared to $20,941,000 a year ago. Income before income taxes was $9,147,000 compared to $9,350,000 a year ago. Net income was $6,149,000 compared to $6,196,000 a year ago. Net income available to common shareholders was $5,781,000 or $0.42 per diluted share compared to $5,827,000 or $0.42 per diluted share a year ago. Return on average assets was 0.90% compared to 1.06% a year ago. Return on average equity was 9.75% compared to 10.36% a year ago. Return on average common equity was 9.83% compared to 10.51% a year ago. Return on average tangible common equity was 12.47% compared to 12.62% a year ago. Non gaap net operating income was $6,149,000 compared to $6,254,000 a year ago. Non gaap Net income available to common shareholders was $5,781,000 or $0.42 per diluted share compared to $5,885,000 or $0.43 per diluted share a year ago. At March 31, 2013, the company's common book value and tangible common book value was $17.21 per share and $13.56 per share, respectively, compared to $17.15 per share and $13.49 per share, respectively, at December 31, 2012. The company also announced net loan charge-offs improved to $1.6 million in the first quarter 2013 from $2.1 million in the fourth quarter 2012.