Financial Institutions Inc
financialinstitutionsinc.q4ir.comWhat Do They Do?
Provides banking and lending services to individuals, municipalities and businesses, along with investment advice and wealth management for individuals and organizations.
10-K for FY2025, filed Mar 9, 2026
How Do They Make Money?
The bank earns interest on loans and securities, after paying interest on deposits and other funding. It also receives fees for deposit services, investment advice, and ATM and debit card transactions, generally when the transactions occur or as the services are provided.
10-K for FY2025, filed Mar 9, 2026Our primary sources of revenue are net interest income (interest earned on our loans and securities, net of interest paid on deposits and…View ↗
The majority of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments…View ↗
Transactions and service-based revenues–these include service charges on deposits, investment advisory, and ATM and debit card fees.…View ↗
$333M
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10-K for FY2025, filed Mar 9, 2026
$333M ↗
Who Are Their Customers?
Individuals, municipalities and businesses use Five Star Bank for banking and lending, while individuals, businesses and institutions use Courier Capital for investment and wealth management services. The bank serves customers through its branch and digital channels, and originates some consumer auto loans through franchised dealers.
10-K for FY2025, filed Mar 9, 2026The Parent’s primary business is the operation of its subsidiaries. It does not engage in any other substantial business activities. The…View ↗
Our business strategy has been to maintain a community bank philosophy, which consists of focusing on and understanding the individualized…View ↗
We prioritize customer acquisition through cost-effective, high-demand digital, virtual and physical channels, while maintaining a…View ↗
We originate indirect consumer loans for a mix of new and used vehicles predominately through franchised new car dealers. The consumer…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 22 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.
How Are They Changing?
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Apr 23, 2026
Company maintains 5% full-year 2026 loan growth target
Management said first-quarter originations were offset by higher payoffs and paydowns while its 2026 loan-growth target remained 5%.
Sources
8-K, filed Apr 23, 2026
Total loans of $4.63 billion at March 31, 2026 were up $74.3 million, or 1.6%, from March 31, 2025, driven by commercial lending in the…View ↗
Growing. Revenue grew 99% in 4 years, from $167.2M in FY2021 to $333M in FY2025, about 19% a year.
Insurance agency sale
The older report describes SDN selling personal, commercial and financial-services insurance; the latest report says the company sold SDN’s assets and changed the entity to Five Star Advisors to refer insurance business to NFP.
10-K for FY2022, filed Mar 9, 2023 10-K for FY2025, filed Mar 9, 2026On April 1, 2024, the Company announced and closed the sale of the assets of its wholly owned subsidiary, SDN Insurance Agency, LLC…View ↗
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