Financial Institutions, Inc. prices $95M common stock offering at $25/share, plans balance sheet repositioning

FINANCIAL INSTITUTIONS INC

Public offering of 4M shares at $25/share; expected net proceeds ~$94.3M.
Underwriters granted 30-day option to purchase up to an additional 600,000 shares.
Proceeds to fund balance sheet restructuring via AFS portfolio repositioning and debt repayment.
KBW sole bookrunner, Piper Sandler co-manager; closing expected on or about Dec 13, 2024.
Shelf registration effective Dec 4, 2024; prospectus supplement filed Dec 11, 2024.

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