Financial Institutions, Inc. (FISI)

In Q1 2025, FISI reported EPS of $0.99 and revenue of $61.11 million, surpassing expectations, but the stock saw a modest decline. In Q2 2025, the company reported net income of $17.5 million, with an EPS of $0.85, exceeding estimates. In Q3 2025, the company reported net income of $20.5 million, with diluted EPS of $0.99, beating expectations, and the stock price increased by 8.4%. The company announced a quarterly dividend of $0.31 per share, representing an annualized yield of 4.3%. A new share repurchase program for up to 1,006,379 shares was announced in September 2025. Analyst ratings have been mixed, with some downgrades and some upgrades or boosted price targets. Over the last six months, FISI stock has risen by 22.26%.

Demand seasonality for Financial Institutions, Inc.'s products and services is primarily influenced by public deposit inflows, which typically peak in the first and third quarters. To manage this seasonality, the company historically utilizes short-term borrowings and brokered deposits. In consumer lending, the consumer indirect charge-off ratio can be seasonally higher in certain periods. Commercial loan growth in Upstate New York markets is strong, with pipelines remaining robust heading into the fourth quarter.

Financial Institutions, Inc. (FISI) is a financial holding company offering banking and wealth management products and services. As of September 30, 2025, it has approximately $6.3 billion in assets and operates through subsidiaries like Five Star Bank and Courier Capital, LLC, including SDN Insurance Agency, LLC. The company operates in the Finance sector, specifically in the Major Banks or Regional Banks industry, focusing on community banking services for individuals, municipalities, and businesses. The company offers consumer and commercial banking and lending services, including checking and savings accounts, money market accounts, certificates of deposit, sweep investments, and NOW accounts, as well as commercial and consumer lending. Through Courier Capital, LLC, the company provides customized investment management, financial planning, consulting services, and retirement plan services. The company also maintains relationships with franchised automobile dealers for indirect auto lending and provides a range of insurance services to personal and business clients through SDN Insurance Agency, LLC.

Financial Institutions, Inc. primarily serves Western and Central New York through its Five Star Bank branch network. The company has expanded its commercial lending presence with loan production offices serving the Mid-Atlantic region, including Baltimore and Washington D.C., and in Syracuse, New York. Its indirect lending network extends to Northern and Central Pennsylvania.

Financial Institutions, Inc. emphasizes a strong corporate culture defined by its "HEART values" and a legacy of community-oriented banking spanning over 200 years. The company aims to empower communities and deliver best-in-class services to all stakeholders. Analyst ratings provide some insight into market perception, with a consensus "Hold" rating based on a mix of recommendations. The company's focus on disciplined credit culture and strong credit quality contributes to its reputation.

Financial Institutions, Inc. has a mixed ownership structure, with a significant portion held by institutional investors, ranging from approximately 60.45% to 80.79%. Major institutional owners include BlackRock, Inc., PL Capital Advisors, LLC, and Vanguard Group Inc. The largest individual shareholder is James H. Wyckoff, owning 388,628 shares, representing 1.93% of the company.