Financial Institutions Inc - Understand $fisi stock

$FISI Market Cap: $416.6 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$235.1M

TTM

Gross Margin

Net Earnings

$49.49M

TTM

Current Assets

Current Liabilities

$55.00M

Q3 2024

Current Ratio

Total Assets

$6.156B

Q3 2024

Total Liabilities

$5.656B

Q3 2024

Book Value

$500.3M

Q3 2024

Cash

$249.6M

Q3 2024

P/E

8.418

Nov 29, 2024 EST

Free Cash Flow

-$3.458M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Revenue	$286.1M	$196.1M	$167.2M	$161.3M	$168.8M	$152.7M	$130.1M	$115.2M
YoY Change	45.91%	17.29%	3.66%	-4.44%	10.52%	17.39%	12.91%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$286.1M	$196.1M	$167.2M	$161.3M	$168.8M	$152.7M	$130.1M	$115.2M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.091M	$8.112M	$8.050M	$7.890M	$8.210M	$6.480M	$6.180M	$5.960M	$5.430M	$4.580M	$4.180M	$3.830M	$3.470M	$3.540M	$4.070M	$3.960M	$3.990M	$4.130M	$4.390M	$4.420M	$4.660M	$5.700M	$5.980M	$3.030M	$3.590M	$3.120M	$2.800M
YoY Change	-0.26%	0.77%	2.03%	-3.9%	26.7%	4.85%	3.69%	9.76%	18.56%	9.57%	9.14%	10.37%	-1.98%	-13.02%	2.78%	-0.75%	-3.39%	-5.92%	-0.68%	-5.15%	-18.25%	-4.68%	97.36%	-15.6%	15.06%	11.43%	19.66%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$120.4M	$28.74M	$12.48M	$22.31M	$38.89M	$29.87M	$17.50M	$12.54M
YoY Change	319.06%	130.34%	-44.09%	-42.62%	30.2%	70.72%	39.5%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Pretax Income	$63.05M	$70.97M	$97.22M	$45.72M	$59.42M	$49.53M	$43.47M	$44.14M	$38.90M	$39.00M	$37.90M	$34.80M	$34.20M	$30.60M	$20.60M	-$47.50M	$21.20M	$23.60M	$2.900M	$16.10M	$18.30M	$38.90M	$32.20M	$27.90M	$24.80M	$21.00M	$20.10M
YoY Change	-11.16%	-27.0%	112.63%	-23.05%	19.96%	13.94%	-1.52%	13.47%	-0.26%	2.9%	8.91%	1.75%	11.76%	48.54%	-143.37%	-324.06%	-10.17%	713.79%	-81.99%	-12.02%	-52.96%	20.81%	15.41%	12.5%	18.1%	4.48%	-0.99%
Income Tax	$12.79M	$14.40M	$19.53M	$7.391M	$10.56M	$10.01M	$9.945M	$12.21M	$10.50M	$9.600M	$12.40M	$11.30M	$11.40M	$9.400M	$6.100M	-$21.30M	$4.800M	$6.200M	-$1.800M	$3.200M	$3.900M	$12.40M	$11.00M	$9.800M	$8.800M	$7.400M	$7.300M
% Of Pretax Income	20.28%	20.29%	20.08%	16.16%	17.77%	20.2%	22.88%	27.66%	26.99%	24.62%	32.72%	32.47%	33.33%	30.72%	29.61%		22.64%	26.27%	-62.07%	19.88%	21.31%	31.88%	34.16%	35.13%	35.48%	35.24%	36.32%
Net Earnings	$48.81M	$56.57M	$77.70M	$38.33M	$48.86M	$39.53M	$33.53M	$31.93M	$28.30M	$29.40M	$25.50M	$23.40M	$22.80M	$21.30M	$14.40M	-$26.20M	$16.40M	$17.40M	$2.200M	$12.20M	$14.20M	$26.50M	$21.20M	$18.10M	$16.00M	$13.60M	$12.80M
YoY Change	-13.73%	-27.19%	102.69%	-21.55%	23.62%	17.9%	5.0%	12.83%	-3.74%	15.29%	8.97%	2.63%	7.04%	47.92%	-154.96%	-259.76%	-5.75%	690.91%	-81.97%	-14.08%	-46.42%	25.0%	17.13%	13.13%	17.65%	6.25%	-2.29%
Net Earnings / Revenue	17.06%	28.85%	46.47%	23.76%	28.95%	25.88%	25.77%	27.71%
Basic Earnings Per Share	$3.17	$3.58	$4.81	$2.30	$2.97	$2.39	$2.13	$2.11
Diluted Earnings Per Share	$3.15	$3.56	$4.78	$2.30	$2.96	$2.39	$2.13	$2.10	$2.007M	$2.115M	$1.848M	$1.696M	$1.727M	$1.972M	$1.333M	-$2.426M	$1.464M	$1.526M	$194.7K	$1.089M	$1.268M	$2.366M	$1.910M	$1.645M	$1.524M	$1.374M	$1.293M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$71.43M	$73.11M	$62.20M	$80.50M	$84.20M	$42.80M	$45.20M	$42.40M	$39.40M	$36.40M	$36.00M	$36.60M	$33.10M	$33.30M	$34.80M	$36.70M	$34.20M	$34.60M	$36.50M	$35.90M	$34.20M	$27.30M	$24.50M	$18.40M	$17.00M	$18.10M	$16.20M
YoY Change	-2.3%	17.53%	-22.73%	-4.39%	96.73%	-5.31%	6.6%	7.61%	8.24%	1.11%	-1.64%	10.57%	-0.6%	-4.31%	-5.18%	7.31%	-1.16%	-5.21%	1.67%	4.97%	25.27%	11.43%	33.15%	8.24%	-6.08%	11.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$48.73M	$53.43M	$6.200M	$6.200M	$4.400M	$7.900M	-$5.800M	$7.900M	$6.300M	$6.700M	$12.20M	$4.900M
YoY Change	-8.79%	761.73%	0.0%	40.91%	-44.3%	-236.21%	-173.42%	25.4%	-5.97%	-45.08%	148.98%
Total Long-Term Assets
YoY Change
Total Assets	$6.161B	$5.797B	$5.521B	$4.912B	$4.384B	$4.312B	$4.105B	$3.710B	$3.381B	$3.090B	$2.929B	$2.764B	$2.336B	$2.214B	$2.062B	$1.917B	$1.858B	$1.908B	$2.022B	$2.156B	$2.174B	$2.105B	$1.794B	$1.289B	$1.137B	$976.2M	$880.5M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$33.79M	$33.23M	$23.90M	$21.50M	$22.80M														$18.20M	$20.50M	$17.50M	$22.70M	$21.10M	$17.20M	$13.10M	$15.30M	$13.90M
YoY Change	1.68%	39.03%	11.16%	-5.7%															-11.22%	17.14%	-22.91%	7.58%	22.67%	31.3%	-14.38%	10.07%
Deferred Revenue
YoY Change
Short-Term Debt	$185.0M				$0.00	$64.00M		$331.5M	$293.1M	$334.8M	$337.0M	$179.8M	$139.1M	$38.90M	$50.10M	$23.50M	$22.80M	$32.30M	$20.10M	$28.60M	$23.50M	$61.20M	$61.60M	$16.00M	$4.600M	$5.400M	$3.800M
YoY Change					-100.0%			13.1%	-12.46%	-0.65%	87.43%	29.26%	257.58%	-22.36%	113.19%	3.07%	-29.41%	60.7%	-29.72%	21.7%	-61.6%	-0.65%	285.0%	247.83%	-14.81%	42.11%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$185.0M	$33.23M	$23.90M	$21.50M	$22.80M	$64.00M		$331.5M	$293.1M	$334.8M	$337.0M	$179.8M	$139.1M	$38.90M	$50.10M	$23.50M	$22.80M	$32.30M	$18.20M	$20.50M	$17.50M	$22.70M	$21.10M	$17.20M	$13.10M	$15.30M	$13.90M
YoY Change	456.74%	39.03%	11.16%	-5.7%	-64.38%			13.1%	-12.46%	-0.65%	87.43%	29.26%	257.58%	-22.36%	113.19%	3.07%	-29.41%	77.47%	-11.22%	17.14%	-22.91%	7.58%	22.67%	31.3%	-14.38%	10.07%
Long-Term Debt	$124.5M	$74.22M	$73.90M	$73.60M	$39.30M	$39.20M	$39.10M	$39.10M	$39.00M	$0.00	$0.00	$0.00	$0.00	$16.70M	$16.70M	$16.70M	$16.70M	$16.70M	$41.70M	$41.70M	$41.80M	$5.300M	$70.40M	$15.50M	$1.800M	$1.900M	$1.900M
YoY Change	67.78%	0.44%	0.41%	87.28%	0.26%	0.26%	0.0%	0.26%					-100.0%	0.0%	0.0%	0.0%	0.0%	-59.95%	0.0%	-0.24%	688.68%	-92.47%	354.19%	761.11%	-5.26%	0.0%
Other Long-Term Liabilities	$183.6M	$149.8M	$60.80M	$65.10M	$52.00M	$39.80M	$28.50M	$24.50M	$24.60M	$24.70M	$16.70M	$68.40M	$16.90M	$15.40M	$14.80M	$22.50M	$18.40M	$20.30M			$0.00	$16.20M	$16.20M	$0.00
YoY Change	22.6%	146.37%	-6.61%	25.19%	30.65%	39.65%	16.33%	-0.41%	-0.4%	47.9%	-75.58%	304.73%	9.74%	4.05%	-34.22%	22.28%	-9.36%				-100.0%	0.0%
Total Long-Term Liabilities	$308.2M	$224.0M	$134.7M	$138.7M	$91.30M	$79.00M	$67.60M	$63.60M	$63.60M	$24.70M	$16.70M	$68.40M	$16.90M	$32.10M	$31.50M	$39.20M	$35.10M	$37.00M	$41.70M	$41.70M	$41.80M	$21.50M	$86.60M	$15.50M	$1.800M	$1.900M	$1.900M
YoY Change	37.57%	66.31%	-2.88%	51.92%	15.57%	16.86%	6.29%	0.0%	157.49%	47.9%	-75.58%	304.73%	-47.35%	1.9%	-19.64%	11.68%	-5.14%	-11.27%	0.0%	-0.24%	94.42%	-75.17%	458.71%	761.11%	-5.26%	0.0%
Total Liabilities	$5.706B	$5.392B	$5.016B	$4.444B	$3.945B	$3.915B	$3.724B	$3.390B	$3.087B	$2.810B	$2.674B	$2.510B	$2.099B	$2.002B	$1.864B	$1.727B	$1.663B	$1.725B	$1.851B	$1.972B	$1.991B	$1.927B	$1.645B	$1.158B	$1.019B	$879.6M	$793.7M
YoY Change	5.83%	7.5%	12.86%	12.64%	0.76%	5.14%	9.84%	9.82%	9.86%	5.09%	6.53%	19.57%	4.84%	7.41%	7.96%	3.85%	-3.63%	-6.78%	-6.16%	-0.93%	3.32%	17.12%	42.1%	13.62%	15.84%	10.82%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2011
Basic Shares Outstanding	15.38M	15.38M	15.84M	16.02M	15.97M	15.91M	15.04M	14.44M	13.07K
Diluted Shares Outstanding	15.48M	15.47M	15.94M	16.06M	16.03M	15.96M	15.09M	14.49M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $416.58 Million

About FINANCIAL INSTITUTIONS INC

Financial Institutions, Inc. is a holding company, which engages in the provision of financial services. The company is headquartered in Warsaw New York, New York and currently employs 624 full-time employees. The firm provides a full range of banking and related financial services to consumer, commercial and municipal customers through its bank and non-bank subsidiaries. The company offers a range of deposit, lending and other financial services to individuals, municipalities and businesses in the Western and Central New York branch network and its Mid-Atlantic commercial loan production office serving the Baltimore and Washington, D.C. region, through its banking subsidiary, Five Star Bank. Its indirect lending network includes relationships with franchised automobile dealers in Western and Central New York, the Capital District of New York, and Northern and Central Pennsylvania. The company offers customized investment advice, wealth management, investment consulting and retirement plan services through its subsidiary, Courier Capital, LLC.

Industry: National Commercial Banks Peers: CITIZENS & NORTHERN CORP ENTERPRISE BANCORP INC /MA/ FIRST OF LONG ISLAND CORP RBB Bancorp PNC FINANCIAL SERVICES GROUP, INC. Professional Holding Corp. SOUTHERN BANCSHARES NC INC WILSON BANK HOLDING CO