secwatch.observer — SEC 8-K summary
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Issuer:     FINANCIAL INSTITUTIONS INC (FISI)
CIK:        0000862831
Form:       8-K
Filed at:   2025-04-28T23:59:59+00:00
Accession:  0000950170-25-059293
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862831/000095017025059293/0000950170-25-059293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862831/000095017025059293/fisi-20250331.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-059293

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