Last $22.93 USD
Change Today -0.04 / -0.17%
Volume 29.5K
As of 8:10 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

financial institutions inc (FISI) Snapshot

Open
$23.06
Previous Close
$22.97
Day High
$23.13
Day Low
$22.86
52 Week High
12/29/14 - $27.02
52 Week Low
02/2/15 - $21.67
Market Cap
323.3M
Average Volume 10 Days
24.3K
EPS TTM
$2.00
Shares Outstanding
14.1M
EX-Date
03/10/15
P/E TM
11.5x
Dividend
$0.80
Dividend Yield
3.36%
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.

650 Employees
Last Reported Date: 01/28/15
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
Compensation as of Fiscal Year 2013.

financial institutions inc (FISI) Key Developments

Financial Institutions, Inc. Announces Quarterly Cash Dividend on Common and Series A 3% Preferred Stock, Payable on April 2, 2015

Financial Institutions Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.20 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, 2015 to shareholders of record as of March 12, 2015.

Financial Institutions Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter of 2014

Financial Institutions Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $24,138,000 compared to $23,380,000 a year ago. The increase was primarily related to an increase in average interest-earning assets of $128.7 million, driven by organic loan growth during 2014. Income before income taxes was $8,004,000 compared to $9,322,000 a year ago. Net income available to common shareholders was $7,555,000 or $0.54 per basic and diluted share compared to $6,001,000 or $0.43 per diluted share a year ago. Return on average assets was 1.03% compared to 0.88% a year ago. Return on average equity was 11.07% compared to 10.03% a year ago. For the year, the company reported net interest income of $93,774,000 compared to $91,594,000 a year ago. Income before income taxes was $38,980,000 compared to $37,907,000 a year ago. Net income available to common shareholders was $27,893,000 or $2.00 per diluted share compared to $24,064,000 or $1.75 per basic and diluted share a year ago. Return on average assets was 0.98% compared to 0.91% a year ago. Return on average equity was 10.80% compared to 10.10% a year ago. Common book value per share was $18.57 at December 31, 2014, an increase of $0.09 from $18.48 at September 30, 2014 and $1.40 from $17.17 at December 31, 2013. Tangible common book value per share was $13.71 at December 31, 2014, compared to $13.59 at September 30, 2014 and $13.56 at December 31, 2013. The company reported total net charge-offs of $1,517,000 in the fourth quarter of 2014 compared to $2,356,000 for the same quarter a year ago.

Financial Institutions Mulls Acquisitions

Financial Institutions Inc. (NasdaqGS:FISI) will look at acquisition opportunities. Financial Institutions' President and Chief Executive Officer Martin K. Birmingham stated: "We have grown and will seek continued growth in both our legacy markets and in the larger markets that we are now more actively targeting, namely Rochester and Buffalo. Growth will be achieved through the offering of traditional banking services, as well as from newer products such as insurance, which collectively provide us with a very comprehensive suite of services to meet the evolving needs of our customer base. As we look toward 2015 and beyond, we will continue to follow our proven business model of organic growth and strategic acquisitions."

 

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FISI:US $22.93 USD -0.04

FISI Competitors

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Company Last Change
First Community Bancshares Inc/VA $16.56 USD +0.01
German American Bancorp Inc $28.49 USD +0.08
Independent Bank Corp/MI $12.91 USD +0.06
Peoples Bancorp Inc/OH $23.61 USD +0.05
Univest Corp of Pennsylvania $19.01 USD +0.01
View Industry Companies
 

Industry Analysis

FISI

Industry Average

Valuation FISI Industry Range
Price/Earnings 11.5x
Price/Sales 2.9x
Price/Book 1.2x
Price/Cash Flow 11.0x
TEV/Sales NM Not Meaningful
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