---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-036259"
form_type: "8-K/A"
ticker: "FISI"
cik: "0000862831"
company_name: "FINANCIAL INSTITUTIONS INC"
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T02:33:48.883845+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# FISI records $23M pre-tax litigation accrual, restates Q4/FY2024 results to wider losses

## Summary
- Settlement of class-action lawsuit over UCC notice compliance in NY and PA adds $23.0M pre-tax charge.
- Q4 2024 net loss increased by $17.1M to $82.8M; diluted EPS revised to –$5.07 from –$4.02.
- Full-year 2024 net loss rose to $41.6M from $24.5M; diluted EPS now –$2.75 vs. –$1.66.
- Settlement reached March 7, 2025 after mediation; subject to court approval; $6.5M in insurance proceeds netted.
- Tangible common equity fell to $491M (8.11% of tangible assets) from prior $508M.

## SEC filing metadata
- accession: 0000950170-25-036259
- form_type: 8-K/A
- ticker: FISI
- cik: 0000862831
- company_name: FINANCIAL INSTITUTIONS INC
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862831/000095017025036259/0000950170-25-036259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862831/000095017025036259/fisi-20241231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-036259
- JSON: https://secwatch.observer/filing/0000950170-25-036259.json
- Plain text: https://secwatch.observer/filing/0000950170-25-036259.txt

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