Financial Institutions (FISI) Misses Q3 EPS by 3c

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Financial Institutions, Inc. Announces Third Quarter 2022 Results

October 27, 2022 4:05 PM EDT

WARSAW, N.Y., Oct. 27, 2022 (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 third quarter ended September 30, 2022.

Net income for the current quarter was $13.9 million compared to $17.2 million in the third quarter of 2021. After preferred dividends, net income available to common shareholders was $13.5 million, or $0.88 per diluted share, in the third quarter of 2022, compared to $16.8 million, or $1.05... More