Financial Institutions (FISI) Tops Q1 EPS by 52c

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Go back to Financial Institutions (FISI) Tops Q1 EPS by 52c

Financial Institutions, Inc. Announces First Quarter Results

April 28, 2021 4:05 PM EDT

WARSAW, N.Y., April 28, 2021 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the Company we or us), 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 first quarter ended March 31, 2021.

Net income for the quarter was $20.7 million compared to $1.1 million in the first quarter of 2020. After preferred dividends, net income available to common shareholders was $20.3 million, or $1.27 per diluted share, compared to $762 thousand, or $0.05 per diluted share, in the first quarter of... More