Financial Institutions, Inc. Announces First Quarter Results

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

Financial Institutions (FISI) Tops Q1 EPS by 52c

April 28, 2021 4:15 PM EDT

Financial Institutions (NASDAQ: FISI) reported Q1 EPS of $1.27, $0.52 better than the analyst estimate of $0.75.

We are very pleased to report another solid quarter for our Company, reflecting strong underlying performance across our businesses, said President and Chief Executive Officer Martin K. Birmingham. In addition to the positive provision impact, we reported continued growth in net interest income and noninterest income. We are also benefitting from cost savings as an outcome of the enterprise standardization program. These positive factors contributed to an efficiency ratio below 53% and record pre-tax... More