---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-117049"
form_type: "8-K"
ticker: "FISI"
cik: "0000862831"
company_name: "FINANCIAL INSTITUTIONS INC"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:48:08.684154+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FISI Q3 2024 net income $13.5M ($0.84 EPS), down from $25.6M in Q2 on insurance asset sale gain absence

## Summary
- Diluted EPS $0.84 vs $1.62 Q2 2024 and $0.88 Q3 2023; net interest margin 2.89% (+2 bps QoQ).
- Deposits $5.31B, +$173M (+3.4%) QoQ; loans $4.40B, -$58.5M (-1.3%) QoQ.
- Noninterest income $9.4M vs $24.0M Q2 (Q2 included $13.5M pre-tax gain on insurance asset sale).
- Non-performing loans $40.7M (0.93% of total loans) vs $25.2M (0.57%) at Q2; provision $3.1M up from $2.0M.
- Common equity tier 1 ratio 10.28% (+25 bps QoQ); orderly wind-down of BaaS offerings targeted for 2025.

## SEC filing metadata
- accession: 0000950170-24-117049
- form_type: 8-K
- ticker: FISI
- cik: 0000862831
- company_name: FINANCIAL INSTITUTIONS INC
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862831/000095017024117049/0000950170-24-117049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862831/000095017024117049/fisi-20240930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-117049
- JSON: https://secwatch.observer/filing/0000950170-24-117049.json
- Plain text: https://secwatch.observer/filing/0000950170-24-117049.txt

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