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Financial Instns Inc - FISI STOCK NEWS

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Overview

Financial Institutions Inc (FISI) is a diversified financial services holding company distinguished by its deep commitment to community banking and comprehensive financial solutions. Through its subsidiary, Five Star Bank, FISI delivers a wide range of consumer and commercial banking services including deposit products, lending, and tailored financial solutions. The company is also supported by Courier Capital, LLC, which expands its service offerings to include customized investment management, financial planning, and consulting services.

Core Business Segments

At the heart of FISI is its robust community banking operation, which has been built on a longstanding heritage of trust and credibility. Five Star Bank caters to a varied clientele—from local individuals and families to municipalities and businesses—providing them with personalized financial services that include:

  • Consumer and commercial banking solutions
  • Tailored lending and credit services
  • Deposit and transactional services

Complementing its banking operations is FISI's commitment to wealth and investment management. With Courier Capital, LLC at the helm of its advisory and financial planning segment, FISI offers:

  • Customized investment management solutions
  • Strategic financial planning
  • Consulting services for both individual and institutional clients

Market Position and Industry Influence

FISI differentiates itself in the competitive landscape by integrating its rich community banking experience with diversified financial service offerings. By prioritizing relational banking and community engagement, the company builds long-term customer relationships and fosters local economic development. Its decision to divest non-core assets, such as its insurance agency, underscores a deliberate strategy to consolidate focus on core areas that have consistently demonstrated strong customer loyalty and operational excellence.

Operational Excellence and Strategic Focus

The company has developed a comprehensive operational model that leverages deep local insights and experienced teams. Key operational features include:

  • A dedicated, professionally staffed network delivering high-touch banking and investment services
  • An emphasis on personalized, relationship-driven customer interactions
  • A balanced portfolio of services designed to address diverse financial needs while minimizing exposure to non-core financial risks

FISI's integrated operational approach has established a solid reputation for quality, expertise and responsiveness, making it a noteworthy entity in the financial services industry.

Industry-Specific Expertise

With specialized focus areas such as community banking, wealth management and investment consulting, FISI employs industry-specific terminologies and models that resonate with both seasoned investors and financial analysts. The company strategically aligns its offerings with market demands without compromising on prudent risk management practices or customer-centric service delivery. This balance of operational expertise and strategic focus forms the cornerstone of its market significance.

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Financial Institutions, Inc. (FISI) to release Q1 results on April 25, 2024. Earnings conference call on April 26, 2024. Key executives to host the call. Webcast details provided for investors.
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Financial Institutions, Inc. (NASDAQ: FISI) sets June 5, 2024, as the date for its 2024 Annual Meeting of Shareholders, to be held virtually. The record date for voting is April 10, 2024. Details will be in the Proxy Statement.
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Financial Institutions, Inc. (NASDAQ: FISI) declares quarterly cash dividends for common and preferred stockholders, with $0.30 per common share, $0.75 per Series A 3% preferred share, and $2.12 per Series B-1 8.48% preferred share, payable on April 2, 2024.
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The University of Rochester Medical Center partners with Five Star Bank to provide telemedicine stations at bank branches in rural communities. The initiative aims to improve health care access and wellness outcomes in Upstate New York. The partners include Financial Institutions, Inc. (NASDAQ: FISI), Higi, Modivcare (NASDAQ: MODV), DexCare, Inc., and Verizon Business. The initiative is the first of its kind, bringing together a health system and a financial institution to provide telemedicine-equipped health stations to rural communities.
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Financial Institutions, Inc. (FISI) reported a decrease in net income for the fourth quarter of 2023 compared to the previous year, with a provision for credit losses of $5.3 million. Total deposits decreased by 1.9% from the previous quarter, while total loans increased by 0.7%. The company repositioned its investment securities portfolio, resulting in a decrease in net interest income by 4.3%. Noninterest income increased by 46.6% in the fourth quarter, with a significant portion from company owned life insurance revenue. Noninterest expenses increased by 0.9%. The company's credit quality metrics remained strong, and its leadership team underwent a realignment to reduce noninterest expenses. Net interest income and net interest margin decreased due to higher funding costs. Total assets and total loans increased from the previous year.
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Financial Institutions, Inc. (NASDAQ: FISI) will release Q4 and full year 2023 results on January 25, 2024. The earnings conference call will be hosted by President and CEO Martin K. Birmingham and CFO W. Jack Plants II on January 26, 2024.
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Financial Institutions, Inc. (NASDAQ: FISI) announced changes to its leadership team and organizational structure to support future growth. The realignment impacted approximately 3.4% of the workforce and removed approximately $6 million in annual noninterest expenses.
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Financial Institutions, Inc. (NASDAQ: FISI) Announces Quarterly Dividends, Payable January 2, 2024
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Financial Institutions, Inc. reports Q3 2023 financial results with net income of $14.0 million. Total deposits increase by 5.6% and total loans increase by 0.8%. Net interest income decreases by 1.6% and noninterest income decreases by 8.5%. Credit quality metrics remain strong.
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Courier Capital, an SEC-registered investment advisory firm and subsidiary of Financial Institutions, Inc., announces leadership changes. James E. Iglewski is promoted to President, succeeding Thomas J. Hanlon who becomes Executive Vice President of Wealth Management. Both will continue to manage investment portfolios and serve on the firm's investment committee. The new leadership structure aims to support continued growth and provide high-touch service to clients.
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FAQ

What is the current stock price of Financial Instns (FISI)?

The current stock price of Financial Instns (FISI) is $22.35 as of April 17, 2025.

What is the market cap of Financial Instns (FISI)?

The market cap of Financial Instns (FISI) is approximately 440.0M.

What is the core business model of Financial Institutions Inc?

Financial Institutions Inc operates as a diversified financial holding company focused on community banking, wealth management, and tailored lending services, primarily through its subsidiary Five Star Bank.

How does FISI generate its revenue?

Revenue is generated through traditional banking services, lending products, and fees related to wealth and investment management, alongside specialized financial consulting services.

What services does Five Star Bank offer?

Five Star Bank provides a range of consumer and commercial banking services, including deposit accounts, lending, and other customized financial solutions for individuals, municipalities, and businesses.

What role does Courier Capital, LLC play within the company?

Courier Capital, LLC is responsible for delivering personalized investment management, financial planning, and consulting services to various client segments such as individuals, families, and institutions.

Why did the company decide to divest its insurance agency subsidiary?

The divestiture of the insurance agency was a strategic move to streamline operations and concentrate on the core strengths of community banking and investment management, thereby enhancing overall operational efficiency.

How does FISI maintain its competitive edge in the financial market?

FISI leverages its community banking roots, personalized customer service, and diversified financial solutions to build long-term relationships, fostering trust and enabling steady operational performance in a competitive market.

What industry-specific expertise does FISI bring to its operations?

FISI applies in-depth knowledge in community banking, wealth management, and investment advisory, employing industry-specific methodologies to deliver customized financial solutions with a focus on quality and operational excellence.

How is FISI structured to serve its diverse client base?

The company is structured around its key subsidiaries, with Five Star Bank leading consumer and commercial banking initiatives and Courier Capital, LLC focusing on investment management and financial consulting, ensuring comprehensive service coverage.
Financial Instns Inc

Nasdaq:FISI

FISI Rankings

FISI Stock Data

440.00M
19.61M
2.31%
83.57%
1.85%
Banks - Regional
National Commercial Banks
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United States
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