Highest-materiality recent filing
Financial Institutions Q1 2026 EPS $1.04, +28% YoY; NIM expands to 3.67%
Net income $21.0M ($1.04 diluted EPS) vs. $16.9M ($0.81) in Q1 2025; EPS up 28.4% YoY.
Financial Institutions Inc. issues $80M subnotes at 6.50%, to redeem $65M higher-cost debt
Issued $80M of 6.50% fixed-to-floating subordinated notes due 2035; fixed rate for first 5 years, then SOFR+312bps.
Financial Institutions posts Q1 net income of $16.9M ($0.81 EPS); NIM expands to 3.35%
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.
FISI records $23M pre-tax litigation accrual, restates Q4/FY2024 results to wider losses
Settlement of class-action lawsuit over UCC notice compliance in NY and PA adds $23.0M pre-tax charge.
FISI settles auto lending class action for $29.5M, records $23M Q4 2024 accrual
Settlement covers repossession notices sent 2011-2021 to defaulting borrowers in NY and PA.
Public offering of 4M shares at $25/share; expected net proceeds ~$94.3M.
Diluted EPS $0.84 vs $1.62 Q2 2024 and $0.88 Q3 2023; net interest margin 2.89% (+2 bps QoQ).
FISI Q2 net income $25.6M ($1.62 EPS) vs $2.1M Q1; includes $13.5M gain from insurance sale
Net income $25.6M, diluted EPS $1.62 vs $0.11 Q1 and $0.91 year ago; record quarterly net income to common shareholders.
Net income $2.1M ($0.11 diluted EPS) vs $12.1M ($0.76) in Q1 2023; includes $18.4M pre-tax fraud loss.
On March 4, 2025, Samuel M. Gullo, a member of the Board of Directors (the “Board”) of Financial Institutions, Inc. (the “Company”) and the Board of Directors of the Company’s wholly-owned subsidiary, Five Star Bank, informed the Board of his decision not to stand for re-election at the 2025 Annual Meeting of Shareholders.
On January 22, 2025, Financial Institutions, Inc. (the “Company”) increased the size of its Board of Directors from eleven to twelve members and appointed Ms. Angela J. Panzarella to fill the newly-created vacancy on the Board of Directors.
On June 19, 2024, Mauricio F. Riveros tendered his resignation from the Board of Directors (the “Board”) of Financial Institutions, Inc. (the “Company”) and as a member of the Board of Five Star Bank effective immediately.
Max materiality 0.85 · Median 0.50 · Most common event dividend