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Last $23.06 USD
Change Today -0.32 / -1.37%
Volume 10.8K
As of 12:31 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

financial institutions inc (FISI) Snapshot

Open
$23.34
Previous Close
$23.38
Day High
$23.71
Day Low
$23.00
52 Week High
12/29/14 - $27.02
52 Week Low
02/2/15 - $21.67
Market Cap
326.7M
Average Volume 10 Days
35.0K
EPS TTM
$1.96
Shares Outstanding
14.2M
EX-Date
03/10/15
P/E TM
11.8x
Dividend
$0.80
Dividend Yield
3.38%
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: 04/22/15
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. 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.

Financial Institutions Inc. to Report Q1, 2015 Results on Apr 22, 2015

Financial Institutions Inc. announced that they will report Q1, 2015 results on Apr 22, 2015

FISI Eyes Acquisitions

Financial Institutions Inc. (NasdaqGS:FISI) is looking for acquisition opportunities. FISI announced it has successfully completed the sale of $40 million in aggregate principal amount of its 6.00% fixed to floating rate subordinated notes due 2030. Martin K. Birmingham, President and Chief Executive Officer of FISI, stated, "The successful completion of this financing transaction provides a measure of financial flexibility to capitalize on potential opportunities. These may include organic growth initiatives and potential acquisitions to expand our banking and complementary non-banking businesses, as well as to strengthen our financial position."

 

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FISI Competitors

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Company Last Change
First Community Bancshares Inc/VA $16.31 USD -0.17
Independent Bank Corp/MI $13.07 USD -0.22
Metro Bancorp Inc $25.10 USD -0.42
Peoples Bancorp Inc/OH $22.81 USD -0.01
Univest Corp of Pennsylvania $19.25 USD -0.06
View Industry Companies
 

Industry Analysis

FISI

Industry Average

Valuation FISI Industry Range
Price/Earnings 11.9x
Price/Sales 2.9x
Price/Book 1.2x
Price/Cash Flow 11.4x
TEV/Sales 0.0x
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