FISI

WARSAW, N.Y., May 20, 2026 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), parent company of Five Star Bank and Courier Capital, LLC, announced that today its Board of Directors approved a quarterly cash dividend of $0.32 per outstanding common share. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable July 2, 2026, to shareholders of record on June 12, 2026. About Financial Institutions, Inc.Financial Institutions, Inc. (NASDAQ: FISI) is a financial holding company with approximately $6.3 billion in assets as of March 31, 2026, offering banking and wealth management products and services. Its Five Star Bank subsidiary provides consumer and commercial banking and lending services to individuals, municipalities and businesses through banking locations spanning Western and Central New York and a commercial loan production office serving the Mid-Atlantic region. Courier Capital, LLC offers customized investment management, financial planning and consulting services to individuals and families, businesses, institutions, non-profits and retirement plans. Learn more at Five-StarBank.com and FISI-Investors.com. For additional information contact:Kate CroftDirector of Investor Relations and Corporate Communications(716) [email protected]

Investors in Financial Institutions, Inc. (NASDAQ:FISI) had a good week, as its shares rose 3.9% to close at US$35.35 following the release of its quarterly results. It looks like a credible result overall - although revenues of US$63m were in line with what the analysts predicted, Financial Institutions surprised by delivering a statutory profit of US$1.04 per share, a notable 13% above expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Taking into account the latest results, the consensus forecast from Financial Institutions' dual analysts is for revenues of US$258.6m in 2026. This reflects a decent 8.0% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 2.1% to US$4.02. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$257.0m and earnings per share (EPS) of US$4.08 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. View our latest analysis for Financial Institutions It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$38.50. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. For example, we noticed that Financial Institutions' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 11% growth to the end of 2026 on an annualised basis. That is well above its historical decline of 3.7% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 8.5% per year. So it looks like Financial Institutions is expected to grow faster than its competitors, at least for a while. The most important thing to take away is that there's been no major change in s...

Financial Institutions (FISI) reported Q1 net income available to common shareholders of $20.6 million ($1.04 per diluted share) with improved profitability metrics (ROAA 137 bps, ROTCE >15%) and tangible book value up 1.1% to $28.15, while the board raised the quarterly dividend to $0.32. The company is executing capital-return actions — refinancing $65 million of subordinated debt and repurchasing roughly 163,000 shares in Q1 (about 500,000 since December, ~half of the 5% authorization) — while keeping a CET1 ratio floor of 11% when evaluating further buybacks. Net interest margin expanded to 3.67% (up 5 bps sequentially) with cost of funds declining, and management expects full-year NIM in the "upper 360s," but credit showed higher net charge-offs at 44 bps in Q1 (allowance 97 bps) even as the company maintains full-year charge-off guidance of 25–35 bps. Interested in Financial Institutions, Inc.? Here are five stocks we like better. Financial Institutions (NASDAQ:FISI) reported improved profitability in the first quarter of 2026, citing net interest margin expansion, disciplined expense management, and continued capital returns to shareholders. President and CEO Marty Birmingham said the company delivered net income available to common shareholders of $20.6 million, or $1.04 per diluted share, representing improvement versus both the linked quarter and the year-ago period. Birmingham also highlighted profitability metrics that improved over both comparisons, including return on average assets of 137 basis points, return on average tangible common equity exceeding 15%, and an efficiency ratio of 57%. → Pipelines and Automation: 2 Energy Plays Built for Any Oil Price Management emphasized several capital-related moves during the quarter. Birmingham said the company completed the refinancing of $65 million of legacy subordinated debt issuances in January. The company also repurchased “a little over 163,000 shares” in the first quarter, bringing total repurchases since December to about 500,000 shares, or roughly half of the company’s 5% authorization under its current buyback program. In February, the board approved a 3.2% increase in the quarterly cash dividend to $0.32 per share. Birmingham added that tangible book value per share increased 1.1% to $28.15, with “strong earnings more than offset” the impact of repurchases and “some downward pressure in AOC...

This article first appeared on GuruFocus. Net Income: $20.6 million or $1.04 per diluted share. Return on Average Assets: 137 basis points. Return on Average Tangible Common Equity: Exceeding 15%. Efficiency Ratio: 57%. Quarterly Cash Dividend: Increased by 3.2% to $0.32 per common share. Tangible Book Value per Share: Increased 1.1% to $28.15. Total Loans: Down modestly on a linked-quarter basis, up 1.6% year-over-year. Commercial Loan Originations: $147 million with $158 million in payoffs and paydowns. Consumer Indirect Loans: Down 2.4% from the end of the fourth quarter, around 8% from the first quarter of 2025 to $788 million. Total Deposits: $5.34 billion, up 2.5% from December 31, down about 1% from March 31, 2025. Net Interest Margin (NIM): 367 basis points, increased by 5 basis points on a linked-quarter basis. Noninterest Income: $10.7 million for the quarter. Noninterest Expense: $35.6 million, down from $36.7 million in the fourth quarter. Effective Tax Rate: 15.5% for the first quarter. Net Charge-Offs: 44 basis points of average loans. Allowance for Credit Losses: 97 basis points of total loans. Warning! GuruFocus has detected 7 Warning Signs with FISI. Is FISI fairly valued? Test your thesis with our free DCF calculator. Release Date: April 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Financial Institutions Inc (NASDAQ:FISI) reported a net income of $20.6 million, or $1.04 per diluted share, showing improvement from both the linked and year-ago quarters. The company achieved a return on average assets of 137 basis points and a return on average tangible common equity exceeding 15%, indicating strong profitability. FISI completed the refinancing of $65 million of legacy sub-debt issuances and repurchased over 163,000 shares, demonstrating effective capital management. The Board approved a 3.2% increase in the quarterly cash dividend to $0.32 per common share, reflecting confidence in the company's financial health. The company reported a net interest margin (NIM) expansion, with a 5 basis points increase on a linked-quarter basis, driven by lower interest-bearing liability costs. Total loans were down modestly on a linked-quarter basis, with commercial loans relatively flat and mortgage loans down slightly. Noninterest income decreased to $10.7 million from $11.9 million in the pr...

Financial Institutions (FISI) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.04%. A quarter ago, it was expected that this holding company for Five Star Bank would post earnings of $0.95 per share when it actually produced earnings of $0.96, delivering a surprise of +1.05%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Financial Institutions, which belongs to the Zacks Banks - Northeast industry, posted revenues of $62.67 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.17%. This compares to year-ago revenues of $57.24 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Financial Institutions shares have added about 9.6% since the beginning of the year versus the S&P 500's gain of 4.3%. While Financial Institutions has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Financial Institutions was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near futur...

WARSAW, N.Y. (AP) — WARSAW, N.Y. (AP) — Financial Institutions Inc. (FISI) on Thursday reported net income of $21 million in its first quarter. The bank, based in Warsaw, New York, said it had earnings of $1.04 per share. The holding company for Five Star Bank posted revenue of $92.2 million in the period. Its revenue net of interest expense was $62.7 million, falling short of Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FISI at https://www.zacks.com/ap/FISI

Results highlighted by robust earnings and strong profitability metrics, including a 28.4% year-over-year increase in earnings per diluted share, return on average assets of 1.37%, return on average equity of 13.43% and an efficiency ratio of 57% WARSAW, N.Y., April 23, 2026 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the "Company," "we" or "us"), parent company of Five Star Bank (the "Bank") and Courier Capital, LLC ("Courier Capital"), today reported financial and operational results for the first quarter ended March 31, 2026, that reflect the Company's strong focus on high quality earnings and sustained profitability. The Company reported net income of $21.0 million in the first quarter of 2026, compared to net income of $20.0 million in the fourth quarter of 2025 and $16.9 million in the first quarter of 2025. After preferred stock dividends, net income available to common shareholders was $20.6 million, or $1.04 per diluted share, in the first quarter of 2026, compared to net income of $19.6 million, or $0.96 per diluted share, in the fourth quarter of 2025, and $16.5 million, or $0.81 per diluted share, in the first quarter of 2025. First Quarter 2026 Highlights and Key Developments: Net interest margin of 3.67% reflected expansion of 5 and 32 basis points from the linked and year-ago quarters, respectively. Return on average assets of 1.37% and efficiency ratio of 57% reflected strong revenue generation, supported by net interest income of $52.0 million and noninterest income of $10.7 million, as well as disciplined expense management, as noninterest expenses totaled $35.6 million for the first quarter of 2026. Total loans of $4.63 billion at March 31, 2026 were up $74.3 million, or 1.6%, from March 31, 2025, driven by commercial lending in the Bank's Western and Central New York markets. While loans were down modestly on a linked quarter basis, reflecting higher payoffs and paydowns, we continue to target full year growth of 5%. Total deposits at March 31, 2026 were $5.34 billion, up $131.5 million, or 2.5%, from December 31, 2025, and down modestly from March 31, 2025, primarily due to lower use of brokered deposits year-over-year and the completion of the Company's BaaS wind-down. The Company's strong capital position enabled the repurchase of 163,197 common shares at an average price of $31.50 per share, during the quarter. Si...

Performance was driven by disciplined capital deployment, including the refinancing of $65 million in legacy sub-debt and active share repurchases. Commercial loan growth was flat in Q1 as management anticipated higher payoffs and observed customers using cash reserves to pay down debt amid economic uncertainty. The bank successfully completed its Banking-as-a-Service (BaaS) wind-down, offboarding the final $7 million in related deposits to focus on core relationship banking. Strategic shift in residential mortgage production toward a sold-and-serviced model is supporting fee income while managing balance sheet risk. Management is intentionally allowing the consumer indirect loan portfolio to run off to prioritize profitable spreads and a high-quality credit mix (average FICO >700). Regional economic catalysts, specifically the Micron groundbreaking in Syracuse and strong housing demand in Rochester and Buffalo, are expected to drive lending momentum. Full-year loan growth is projected at 5%, underpinned by a $950 million commercial pipeline and scheduled construction loan drawdowns in the second half of 2026. Net interest margin (NIM) guidance was raised to the upper 360s, assuming modest expansion driven by maturing high-rate CDs and stable earning asset yields. Management expects the efficiency ratio to approach 57% for the full year following favorable first quarter results, noting that the elimination of recurring costs from a terminated vendor relationship will largely offset a Q1 expense increase related to that termination. The 2026 effective tax rate is now anticipated at the lower end of the 16.5% to 17.5% range, reflecting both stock-based compensation tax benefits and the amortization of tax credit investments. Guidance is based on a spot rate forecast and does not factor in potential future interest rate cuts by the Federal Reserve. A net loss of $481,000 was recognized on other assets, primarily due to branch optimization efforts and the write-down of two locations. Net charge-offs rose to 44 basis points, largely due to a single commercial relationship previously placed on nonaccrual and fully reserved for in 2023. While overall qualitative factors were reduced, the specific qualitative factor tied to the economic environment was increased to account for heightened geopolitical and macroeconomic uncertainties. A $1.8 million boost to other non...

This article first appeared on GuruFocus. Financial Institutions Inc (NASDAQ:FISI) is set to release its Q1 2026 earnings on Apr 24, 2026. The consensus estimate for Q1 2026 revenue is $52.19 million, and the earnings are expected to come in at $0.92 per share. The full year 2026's revenue is expected to be $215.63 million and the earnings are expected to be $3.92 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 7 Warning Signs with FISI. Is FISI fairly valued? Test your thesis with our free DCF calculator. Revenue estimates for Financial Institutions Inc (NASDAQ:FISI) have increased from $213.91 million to $215.63 million for the full year 2026 and from $224.87 million to $226.88 million for 2027 over the past 90 days. Earnings estimates have increased from $3.87 per share to $3.92 per share for the full year 2026 and from $4.10 per share to $4.15 per share for 2027 over the past 90 days. In the previous quarter ending 2025-12-31, Financial Institutions Inc's (NASDAQ:FISI) actual revenue was $52.21 million, which missed analysts' revenue expectations of $52.28 million by -0.13%. Financial Institutions Inc's (NASDAQ:FISI) actual earnings were $0.96 per share, which beat analysts' earnings expectations of $0.95 per share by 1.59%. After releasing the results, Financial Institutions Inc (NASDAQ:FISI) was up by 0.03% in one day. Based on the one-year price targets offered by 2 analysts, the average target price for Financial Institutions Inc (NASDAQ:FISI) is $37.00 with a high estimate of $38.00 and a low estimate of $36.00. The average target implies an upside of 8.28% from the current price of $34.17. Based on GuruFocus estimates, the estimated GF Value for Financial Institutions Inc (NASDAQ:FISI) in one year is $19.04, suggesting a downside of -44.28% from the current price of $34.17. Based on the consensus recommendation from 2 brokerage firms, Financial Institutions Inc's (NASDAQ:FISI) average brokerage recommendation is currently 2.5, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

This article first appeared on GuruFocus. Financial Institutions Inc (NASDAQ:FISI) is set to release its Q1 2026 earnings on April 23, 2026. The consensus estimate for Q1 2026 revenue is $52.19 million, and the earnings are expected to come in at $0.92 per share. The full year 2026's revenue is expected to be $215.63 million, and the earnings are expected to be $3.92 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 7 Warning Signs with FISI. Is FISI fairly valued? Test your thesis with our free DCF calculator. Over the past 90 days, revenue estimates for Financial Institutions Inc (NASDAQ:FISI) have increased from $213.91 million to $215.63 million for the full year 2026 and from $224.87 million to $226.88 million for 2027. Similarly, earnings estimates have increased from $3.87 per share to $3.92 per share for 2026 and from $4.10 per share to $4.15 per share for 2027. In the previous quarter ending December 31, 2025, Financial Institutions Inc's (NASDAQ:FISI) actual revenue was $52.21 million, which missed analysts' revenue expectations of $52.28 million by -0.13%. Financial Institutions Inc's (NASDAQ:FISI) actual earnings were $0.96 per share, which beat analysts' earnings expectations of $0.95 per share by 1.59%. After releasing the results, Financial Institutions Inc (NASDAQ:FISI) was up by 0.03% in one day. Based on the one-year price targets offered by two analysts, the average target price for Financial Institutions Inc (NASDAQ:FISI) is $37, with a high estimate of $38 and a low estimate of $36. The average target implies an upside of 8.06% from the current price of $34.24. Based on GuruFocus estimates, the estimated GF Value for Financial Institutions Inc (NASDAQ:FISI) in one year is $19.04, suggesting a downside of -44.39% from the current price of $34.24. Based on the consensus recommendation from two brokerage firms, Financial Institutions Inc's (NASDAQ:FISI) average brokerage recommendation is currently 2.5, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

FB Financial (FBK) came out with quarterly earnings of $1.12 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.89%. A quarter ago, it was expected that this bank holding company would post earnings of $1.14 per share when it actually produced earnings of $1.16, delivering a surprise of +1.75%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. FB Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $172.34 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.11%. This compares to year-ago revenues of $130.67 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. FB Financial shares have lost about 1.6% since the beginning of the year versus the S&P 500's decline of 0.4%. While FB Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for FB Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank...