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Last $24.47 USD
Change Today -0.35 / -1.41%
Volume 17.1K
FISI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

financial institutions inc (FISI) Snapshot

Open
$24.91
Previous Close
$24.82
Day High
$24.91
Day Low
$24.43
52 Week High
12/29/14 - $27.02
52 Week Low
02/2/15 - $21.67
Market Cap
346.7M
Average Volume 10 Days
39.9K
EPS TTM
$1.96
Shares Outstanding
14.2M
EX-Date
06/9/15
P/E TM
12.5x
Dividend
$0.80
Dividend Yield
3.23%
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 operates in two segments, Banking and Insurance. The Banking segment includes retail and commercial banking operations. This segment 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 the 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. In addition, this segment’s 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. The Insurance segment offers a range of insurance agency services to personal and business clients. Financial Institutions, Inc. also provides investment services. As of May 20, 2015, the company offered its products and services through a network of approximately 50 offices in Western and Central New York State. Financial Institutions, Inc. was founded in 1931 and is headquartered in Warsaw, New York.

622 Employees
Last Reported Date: 03/6/15
Founded in 1931

financial institutions inc (FISI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $420.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $230.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $280.5K
Executive Vice President, Commercial Banking ...
Total Annual Compensation: $209.1K
Senior Vice President and Director of Human R...
Total Annual Compensation: $140.0K
Compensation as of Fiscal Year 2014.

financial institutions inc (FISI) Key Developments

Financial Institutions, Inc. Declares Quarterly Cash Dividend on Common Share and Preferred Stock, Payable on July 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 July 2, 2015 to shareholders of record as of June 11, 2015.

Financial Institutions Inc. Presents at D.A. Davidson 17th Annual Financial Services Conference, May-12-2015

Financial Institutions Inc. Presents at D.A. Davidson 17th Annual Financial Services Conference, May-12-2015 . Venue: Embassy Suites Denver - Downtown/Convention Center, 1420 Stout Street, Denver, CO 80202, United States. Speakers: Martin K. Birmingham, Chief Executive Officer, President, Director, Chief Executive Officer of Five Star Bank, President of Five Star Bank and Director of Five Star Bank.

Financial Institutions Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015

Financial Institutions Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $23,147,000 against $23,275,000 a year ago. Net interest income after provision for loan losses was $20,406,000 against $21,169,000 a year ago. Income before income taxes was $9,692,000 against $10,313,000 a year ago. Net income available to common shareholders was $6,436,000 or $0.46 per basic and diluted share against $6,853,000 or $0.50 per basic and diluted share a year ago. Return on average assets was 0.89% against 0.99% a year ago. Return on average equity was 9.68% against 11.19% a year ago. Return on average common equity was 9.75% against 11.38% a year ago. Common book value per share was $19.01 compared to $17.72 a year ago. Tangible common book value per share was $14.18 compared to $14.12 a year ago. For the quarter, the company's net charge-offs were $3.2 million, a $1.5 million increase compared the first quarter 2014. The increase in net charge-offs was primarily driven by the first quarter 2015 charge-off of two commercial loan relationships totaling $1.7 million that had been previously reserved by the company.

 

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FISI Competitors

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First Community Bancshares Inc/VA $17.93 USD -0.35
German American Bancorp Inc $29.16 USD -0.33
Independent Bank Corp/MI $13.37 USD -0.18
Metro Bancorp Inc $25.88 USD -0.32
Peoples Bancorp Inc/OH $23.17 USD -0.33
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Industry Analysis

FISI

Industry Average

Valuation FISI Industry Range
Price/Earnings 12.7x
Price/Sales 3.1x
Price/Book 1.3x
Price/Cash Flow 12.2x
TEV/Sales 0.2x
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