Financial Institutions (FISI) Tops Q1 EPS by 9c

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Go back to Financial Institutions (FISI) Tops Q1 EPS by 9c

Financial Institutions, Inc. Announces First Quarter Results

April 30, 2019 8:30 AM EDT

WARSAW, N.Y., April 30, 2019 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (Nasdaq: FISI) (the Company), parent company of Five Star Bank (the Bank), SDN Insurance Agency, LLC (SDN), Courier Capital, LLC (Courier Capital) and HNP Capital, LLC (HNP Capital),  today reported financial and operational results for the quarter ended March 31, 2019.

Net income for the quarter grew to $11.5 million compared to $9.3 million for the first quarter of 2018. After preferred dividends, net income available to common shareholders was $11.2 million for the quarter, or $0.70 per diluted share, up from $8.9 million, or $0.56 per diluted share, for the first quarter of... More