{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-048290","form_type":"8-K","ticker":"FISI","cik":"0000862831","company_name":"FINANCIAL INSTITUTIONS INC","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.166281+00:00","generated_at":"2026-06-03T08:56:09.274237+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Financial Institutions Q1 net income $2.1M, EPS $0.11, hit by $18.4M fraud loss; insurance sale closed April 1","bullets":["Net income $2.1M ($0.11 diluted EPS) vs $12.1M ($0.76) in Q1 2023; includes $18.4M pre-tax fraud loss.","Deposit-related charged-off items $19.2M; company expects to recoup additional funds through legal recourse.","Total deposits $5.40B, up 3.5% from Dec 2023; loans $4.44B, down 0.5% linked quarter.","Sold SDN Insurance Agency assets to NFP on April 1 for ~$27M, after-tax gain ~$11.2M.","Net interest margin stable at 2.78%; benefit for credit losses of $5.5M reflecting improved credit quality."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-048290","json":"https://secwatch.observer/filing/0000950170-24-048290.json","markdown":"https://secwatch.observer/filing/0000950170-24-048290.md","text":"https://secwatch.observer/filing/0000950170-24-048290.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862831/000095017024048290/0000950170-24-048290-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862831/000095017024048290/fisi-20240331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:56:09.274237+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3a05cd9236deebcc66619efeed5076d18e7ea98a","claim":"FINANCIAL INSTITUTIONS INC reported first quarter ended March 31, 2024 results: net income Net income was $2.1 million, EPS $0.11 per diluted share.","evidence_excerpt":"On April 25, 2024, Financial Institutions, Inc. (the “Company”) issued a press release to report financial results for the first quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862831/000095017024048290/0000950170-24-048290-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Net income","value":"Net income was $2.1 million"},{"label":"EPS","value":"$0.11 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}