← FINANCIAL INSTITUTIONS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total interest income | $115.2m |
$130.1m
+12.91%
|
$152.7m
+17.39%
|
$168.8m
+10.52%
|
$161.3m
-4.44%
|
$167.2m
+3.66%
|
$196.1m
+17.29%
|
$286.1m
+45.91%
|
$313.2m
+9.47%
|
$333.0m
+6.31%
|
|
| Insurance Services Revenue | $5.4m | $5.3m | $4.9m | $4.6m | $4.4m | $5.8m | $6.4m | $6.7m | $2.1m | $11k | |
| Noninterest income: | |||||||||||
| Total noninterest income (loss) | $35.8m | $34.7m | $36.5m | $40.4m | $43.2m | $46.9m | $46.3m | $48.2m | ($46.7m) | $45.0m | |
| Net interest income | $102.7m |
$112.6m
+9.67%
|
$122.9m
+9.10%
|
$129.9m
+5.74%
|
$139.0m
+6.98%
|
$154.7m
+11.33%
|
$167.4m
+8.17%
|
$165.7m
-0.99%
|
$163.6m
-1.28%
|
$200.0m
+22.25%
|
|
| Interest Income (Expense), Net | $102.7m |
$112.6m
+9.67%
|
$122.9m
+9.10%
|
$129.9m
+5.74%
|
$139.0m
+6.98%
|
$154.7m
+11.33%
|
$167.4m
+8.17%
|
$165.7m
-0.99%
|
$163.6m
-1.28%
|
$200.0m
+22.25%
|
|
| Marketing and Advertising Expense | $1.7m | $2.2m | $3.6m | $3.6m | $2.6m | $1.7m | $2.0m | $1.9m | $1.6m | $1.8m | |
| Labor and Related Expense | $45.2m | $48.7m | $54.6m | $56.3m | $59.3m | $60.9m | $69.6m | $71.9m | $66.1m | $72.8m | |
| Salaries and employee benefits | $45.2m | $48.7m | $54.6m | $56.3m | $59.3m | $60.9m | $69.6m | $71.9m | $66.1m | $72.8m | |
| Amortization of Intangible Assets | $1.2m | $1.2m | $1.3m | $1.2m | $1.1m | $1.1m | $986k | $910k | $552k | $415k | |
| Amortization of intangibles | $1.2m | $1.2m | $1.3m | $1.2m | $1.1m | $1.1m | $986k | $910k | $552k | $415k | |
| Restructuring Costs | — | — | — | — | $1.7m | $122k | $1.6m | $114k | $35k | — | |
| Noninterest expense: | |||||||||||
| Total noninterest expense | $84.7m | $90.5m | $100.9m | $102.8m | $109.3m | $112.8m | $129.4m | $137.2m | $178.9m | $142.0m | |
| Interest expense: | |||||||||||
| Total interest expense | $12.5m | $17.5m | $29.9m | $38.9m | $22.3m | $12.5m | $28.7m | $120.4m | $149.6m | $133.0m | |
| Interest Income, Operating | $234k | $481k | $294k | $508k | $430k | $211k | $391k | $589k | $748k | $1.0m | |
| Other interest income | $18k | $73k | $428k | $395k | $315k | $216k | $747k | $3.9m | $5.6m | $2.0m | |
| Net interest income after provision for credit losses | $93.1m |
$99.3m
+6.67%
|
$113.9m
+14.79%
|
$121.9m
+6.97%
|
$111.8m
-8.26%
|
$163.1m
+45.85%
|
$154.1m
-5.52%
|
$152.0m
-1.32%
|
$157.4m
+3.56%
|
$188.4m
+19.64%
|
|
| Debt and Equity Securities, Gain (Loss) | $2.7m | $1.3m | ($127k) | $1.7m | $1.6m | $71k | ($15k) | ($3.6m) | ($100.1m) | $931k | |
| Net gain on sale of loans held for sale | $240k | $376k | $796k | $1.4m | $3.9m | $3.0m | $1.2m | $566k | $618k | $737k | |
| Net gain (loss) on investment securities | $2.7m | $1.3m | ($127k) | $1.7m | $1.6m | $71k | ($15k) | ($3.6m) | ($100.1m) | $931k | |
| Interest and Other Income | $18k | $73k | $428k | $395k | $315k | $216k | $747k | $3.9m | $5.6m | $2.0m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $44.1m | $43.5m | $49.5m | $59.4m | $45.7m | $97.2m | $71.0m | $63.1m | ($68.1m) | $91.4m | |
| Current Income Tax Expense (Benefit) | $13.9m | ($2.5m) | $20.5m | $10.2m | $11.9m | $14.3m | $18.8m | $14.1m | $8.8m | $4.9m | |
| Income Tax Expense (Benefit) | $12.2m | $9.9m | $10.0m | $10.6m | $7.4m | $19.5m | $14.4m | $12.8m | ($26.5m) | $16.5m | |
| Net loss on tax credit investments | — | — | — | ($528k) | ($275k) | ($431k) | ($815k) | ($252k) | ($775k) | ($2.0m) | |
| Net Income (Loss) Attributable to Parent | $31.9m |
$33.5m
+5.00%
|
$39.5m
+17.90%
|
$48.9m
+23.62%
|
$38.3m
-21.55%
|
$77.7m
+102.69%
|
$56.6m
-27.19%
|
$50.3m
-11.15%
|
($41.6m)
-182.85%
|
$74.9m
+279.77%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $30.5m |
$32.1m
+5.23%
|
$38.1m
+18.72%
|
$47.4m
+24.53%
|
$36.9m
-22.21%
|
$76.2m
+106.77%
|
$55.1m
-27.71%
|
$48.8m
-11.45%
|
($43.1m)
-188.32%
|
$73.4m
+270.30%
|
|
| Preferred Stock Dividends, Income Statement Impact | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | |
| Earnings Per Share, Basic | $2.11 | $2.13 | $2.39 | $2.97 | $2.30 | $4.81 | $3.58 | $3.17 | ($2.75) | $3.65 | |
| Earnings Per Share, Diluted | $2.10 | $2.13 | $2.39 | $2.96 | $2.30 | $4.78 | $3.56 | $3.15 | ($2.75) | $3.61 | |
| Common Stock, Dividends, Per Share, Declared | $0.81 | $0.85 | $0.96 | $1.00 | $1.04 | $1.08 | $1.16 | $1.20 | $1.20 | $1.24 | |
| Weighted Average Number of Shares Outstanding, Basic | 14.4m | 15.0m | 15.9m | 16.0m | 16.0m | 15.8m | 15.4m | 15.4m | 15.7m | 20.1m | |
| Weighted Average Number of Shares Outstanding, Diluted | 14.5m | 15.1m | 16.0m | 16.0m | 16.1m | 15.9m | 15.5m | 15.5m | 15.7m | 20.3m | |
| Additional Financial Items | |||||||||||
| Bank Owned Life Insurance Income | $2.8m | $1.8m | $1.8m | $1.8m | $1.9m | $2.9m | $5.5m | $12.1m | $5.5m | $11.4m | |
| Depreciation, Depletion and Amortization, Nonproduction | $6.0m | $6.2m | $6.5m | $8.2m | $7.9m | $8.0m | $8.1m | $8.1m | $7.7m | $7.9m | |
| Goodwill, Impairment Loss | — | $1.6m | $2.4m | $0 | — | $0 | $0 | $0 | $0 | $0 | |
| Interest and fees on loans | $92.3m | $106.3m | $130.7m | $149.9m | $143.5m | $147.9m | $170.8m | $258.6m | $282.2m | $284.3m | |
| Interest and dividends on investment securities | $23 | $24 | $22 | $19 | $17 | $19 | $25 | $24 | $25 | $47 | |
| Deposits | $8.5m | $11.1m | $19.1m | $28.5m | $17.8m | $8.1m | $23.0m | $107.4m | $140.0m | $124.3m | |
| Short-term borrowings | $1.6m | $3.9m | $8.3m | $7.9m | $1.6m | $120k | $1.5m | $6.9m | $3.4m | $1.9m | |
| Long-term borrowings | $2.5m | $2.5m | $2.5m | $2.5m | $2.9m | $4.2m | $4.2m | $6.2m | $6.3m | $6.8m | |
| Provision for credit losses | — | — | $8.9m | $8.0m | $27.2m | ($8.3m) | $13.3m | $13.7m | $6.2m | $11.6m | |
| Service charges on deposits | $7.3m | $7.4m | $7.1m | $7.2m | $4.8m | $5.6m | $5.9m | $4.6m | $4.2m | $4.4m | |
| Insurance income | $5.4m | $5.3m | $4.9m | $4.6m | $4.4m | $5.8m | $6.4m | $6.7m | $2.1m | $11k | |
| Card Interchange Income | — | — | — | $6.8m | $7.3m | $8.5m | $8.2m | $8.2m | $7.9m | $7.8m | |
| Investment advisory income | $5.2m | $6.1m | $8.1m | $9.2m | $9.5m | $11.7m | $11.5m | $11.0m | $10.7m | $11.7m | |
| Company owned life insurance | $2.8m | $1.8m | $1.8m | $1.8m | $1.9m | $2.9m | $5.5m | $12.1m | $5.5m | $11.4m | |
| Investments in limited partnerships | $300k | $110k | $1.2m | $352k | $104k | $2.1m | $1.3m | $1.8m | $2.4m | $1.4m | |
| Loan servicing | $436k | $439k | $441k | $432k | $249k | $415k | $507k | $479k | $716k | $692k | |
| Income from derivative instruments, net | — | $131k | $972k | $2.3m | $5.5m | $2.7m | $1.9m | $1.4m | $726k | $2.5m | |
| Net (loss) gain on other assets | $313k | $37k | $50k | $29k | ($61k) | $441k | ($16k) | ($6k) | $13.6m | ($506k) | |
| Other | $9.9m | $7.8m | $8.7m | $9.7m | $8.8m | $9.6m | $12.4m | $15.4m | $15.3m | $14.5m | |
| Occupancy and equipment | $14.5m | $16.3m | $17.3m | $18.3m | $13.7m | $14.4m | $15.1m | $14.8m | $14.4m | $15.5m | |
| Professional services | $6.2m | $4.1m | $3.9m | $5.4m | $6.3m | $6.5m | $5.6m | $5.3m | $7.7m | $6.5m | |
| Computer and data processing | $3.4m | $4.9m | $5.1m | $5.3m | $11.6m | $14.1m | $17.6m | $20.1m | $22.7m | $23.1m | |
| Supplies and postage | $2.0m | $2.0m | $2.0m | $2.0m | $2.0m | $1.8m | $1.9m | $1.9m | $1.9m | $2.1m | |
| FDIC assessments | $1.7m | $1.8m | $2.0m | $1.0m | $2.2m | $2.6m | $2.4m | $4.9m | $5.3m | $5.1m | |
| Advertising and promotions | $1.7m | $2.2m | $3.6m | $3.6m | $2.6m | $1.7m | $2.0m | $1.9m | $1.6m | $1.8m | |
| Provision for litigation settlement | — | — | — | — | — | — | $0 | $0 | $23.0m | $0 | |
| Deposit-related charged-off items | — | — | — | — | — | — | $789k | $1.2m | $20.3m | $160k | |
| Cash dividends declared per common share | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 |