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Stock impact report

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

Financial Institutions, Inc. (FISI) 
Last financial institutions, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/1016825
Company Research Source: GlobeNewswire
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, in the fourth quarter of 2023, compared to $13.7 million, or $0.88 per diluted share, in the third quarter of 2023, and $11.7 million, or $0.76 per diluted share, in the fourth quarter of 2022. The Company recorded a provision for credit losses of $5.3 million in the current quarter, compared to $966 thousand in the linked quarter and $6.1 million in the pri Show less Read more
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