Financial Institutions, Inc. Announces Third Quarter Results

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Go back to Financial Institutions, Inc. Announces Third Quarter Results

Financial Institutions (FISI) Tops Q3 EPS by 10c

October 29, 2019 4:41 PM EDT

Financial Institutions (NASDAQ: FISI) reported Q3 EPS of $0.78, $0.10 better than the analyst estimate of $0.68.

Net income was the highest in Company history at $12.8 million an increase of $2.3 millionPre-tax pre-provision income was also highest in Company history at $19.0 million an increase of $3.8 millionNet interest income grew 5.1% to $32.5 millionNet interest margin (NIM) expanded to 3.29% from 3.17% Return on average assets (ROA) increased to 1.19% from 1.00%Common equity to assets ratio at quarter-end was 9.58% an increase of 19 basis points during the quarter and... More