Financial Institutions (FISI) Misses Q4 EPS by 11c

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Go back to Financial Institutions (FISI) Misses Q4 EPS by 11c

Financial Institutions, Inc. Announces Fourth Quarter and Full Year 2023 Results

January 25, 2024 4:05 PM EST

WARSAW, N.Y., Jan. 25, 2024 (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") and Courier Capital, LLC ("Courier Capital"), today reported financial and operational results for the fourth quarter and year ended December 31, 2023.

Net income was $9.8 million in the fourth quarter of 2023, compared to $14.0 million in the third quarter of 2023 and $12.1 million in the fourth quarter of 2022. After preferred dividends, net income available to common shareholders was $9.4 million, or $0.61 per diluted share,... More