---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-086488"
form_type: "8-K"
ticker: "FISI"
cik: "0000862831"
company_name: "FINANCIAL INSTITUTIONS INC"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:32:44.108536+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FISI Q2 net income $25.6M ($1.62 EPS) vs $2.1M Q1; includes $13.5M gain from insurance sale

## Summary
- Net income $25.6M, diluted EPS $1.62 vs $0.11 Q1 and $0.91 year ago; record quarterly net income to common shareholders.
- Net interest margin expanded 9 bps to 2.87% from 2.78% linked quarter; net interest income $41.2M up 2.8%.
- Sale of SDN Insurance assets closed April 1, generating $13.5M pre-tax gain; proceeds ~$27M.
- Regulatory capital improved: CET1 10.03% vs 9.43% Q1; tangible book value per share $25.17, up 9.2%.
- Noninterest expense $33.0M, down 38.9% from Q1; deposit-related fraud event charges continuing.

## SEC filing metadata
- accession: 0000950170-24-086488
- form_type: 8-K
- ticker: FISI
- cik: 0000862831
- company_name: FINANCIAL INSTITUTIONS INC
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862831/000095017024086488/0000950170-24-086488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862831/000095017024086488/fisi-20240630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-086488
- JSON: https://secwatch.observer/filing/0000950170-24-086488.json
- Plain text: https://secwatch.observer/filing/0000950170-24-086488.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.