Financial Institutions posts Q1 net income of $16.9M ($0.81 EPS); NIM expands to 3.35%

FINANCIAL INSTITUTIONS INC

2025-Q1 EPS reported $0.81

Net income of $16.9M (diluted EPS $0.81) vs net loss of $82.8M ($(5.07)/share) in Q4 2024 and net income of $2.1M ($0.11) in Q1 2024.
Net interest margin 3.35% (+44 bp QoQ, +57 bp YoY); net interest income $46.9M, up 12.6% from Q4.
Loans grew $74.1M (1.7%) to $4.55B; deposits up $268.2M (5.3%) to $5.37B, driven by seasonal public deposits.
Quarterly dividend raised 3.3% to $0.31/share; company called $10M sub-debt (6.00%) in April 2025.
Provision for credit losses $2.9M vs $6.5M QoQ; net charge-offs 0.21% of avg loans, improved from prior quarters.

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